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Global Mining Drill Bits Market By Type (Rotary Bit, Fixed Cutter Bits, Roller Cone Bits, DTH Hammer Bit, and Others), By Material (PDC Diamond, Tungsten Carbide, Steel, and Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Price: $4999

Published: | Report ID: 16733 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the Mining Drill Bits Market?

  • The DTH hammer bit type segment held the largest revenue share of the mining drill bits market in 2022, owing to technological advancements such as robust design, improved performance under low pressure, high reliability and robustness, ease of service, and high penetration rate.
  • In 2022, the PDC diamond material segment was expected to have a significant revenue share of the global mining drill bits market. Unlike conventional drilling methods, PDC diamond material drill bits are widely used to retrieve core samples from hard concrete environments.
  • In 2022, the underground mining application segment controlled most of the drill bit market. Mining drill bits are in high demand for underground mining operations due to the rise in market demand for hard rock minerals such as copper, zinc, gold, and lithium across various industries.
  • The 8 to 11 inches segment led the mining drill bits market share in 2022. The most commonly used bit size for production drilling is 8 to 11 inches. As a result, developing oil or gas production wells in fields increases demand for drill bit sizes ranging from 8 to 11 inches.

What is the Market Size of Mining Drill Bits regarding value?

The global mining drill bits market is anticipated to grow at a substantial CAGR of 5.8% in the upcoming years. The Global Mining Drill Bits industry was estimated to be worth USD 1846.5 million in 2022 and was expected to be worth USD 2739.99 million by 2028.

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Which region dominated the mining drill bits market?

In 2022, the Asia Pacific region witnessed a major mining drill bits market share. The expansion is primarily fueled by an increase in oil & gas exploration activities, and the development of the regional infrastructure supports the growth of the market for mining drill bits. On the other hand, Asia-Pacific has the world’s biggest coal mining market. Indonesia, India, China, and Australia are the region’s leaders in coal production for uses such as steel production and power generation. As a result, the region’s increasing underground mining projects for coal production drive up demand for mining drill bits.

Mining Drill Bits Market

How is US Market Performing in the Mining Drill Bits Market?

North America is the world’s second-largest mining drill bit market, with the United States holding the highest revenue share. In addition, regarding production value, the United States is the world’s leading mining country in North America. The United States ranks sixth in the world in industrial minerals and metals production. On the other hand, the country’s extensive mining industry has significantly increased the market for mining drill bits. The nation is one of the top 10 producers of minerals like iron ore, copper, gold, silver, and zinc. Additionally, the nation has a significant stake in 52 copper projects spread across Africa and Europe.

How is the economy impacting global mining drill bits growth?

The short-term impact of the Russia-Ukraine conflict on the global economy’s recovery from the COVID-19 pandemic was negative. Economic sanctions have been imposed against several nations due to the conflict between these two countries. Commodity prices have also increased, and supply chains have been disrupted, affecting the global market for mining drill bits. However, mining operations play a significant role in the economic growth of different national governments. A large portion of the economies of many nations in the Asia Pacific and the Middle East come from the mining sector. Saudi Arabia passed a new mining law in 2021 to increase foreign investment in its mining sector and diversify its economy from crude oil and fuels. This is expected to strengthen the mineral mining sector, propelling the mining drill bits market forward.

What is the competitive environment of the mining drill bits market?

The global mining drill bit industry’s major players, such as Epiroc AB, Universal Drilling Technique LLC, and Sandvik AB, concentrate on developing new products to enhance their market presence. Furthermore, these companies expand their operations by acquiring small businesses to compete effectively. Many players have adopted product launches as their primary developmental strategy to enhance their product portfolio. For example, at CONEXPO 2017 in February 2017, Robit Plc introduced the BulrocRobit Hyper 331, a new DTH hammer. The new hammer expands the group’s Down-The-Hole (DTH) hammer range from 1′ (25mm) to 33′ (838mm). Likewise, Epiroc AB designed an automatic bit changer for the Pit Viper 270 and 290 series drill rigs in September 2021. Rotary tricone bits can be switched out by pressing a button on the automatic bit changer. This method of changing drill bits is quicker, more efficient, and safer.

Executive Summary

What are the key trends in the Mining Drill Bits market?

  • Growing requirement for commodities to increase demand for mining equipment: One of the major trends driving the growth of the mining drill bits market is an increase in demand for coal, metal, and mineral commodities. Furthermore, increased mining activities due to demand for precious metals such as silver, gold, and diamonds are driving the growth of the drill bit market. The growing industrial landscape, fueled by population growth and increased energy demands due to automation and digitalization, has increased the demand for raw materials. Increased urbanization and industrialization increased the demand for commodities such as oil, gas, and agricultural fertilizers, all heavily reliant on mining, thereby mining drill bits market.

What are all the technical developments in the mining drill bits market?

The global market for mining drill bits is becoming increasingly popular with technological advancement. Players in the market are creating a range of technological innovations, like drill bit designs that improve performance traits, strength, and versatility. Leading mining drill bit manufacturers are developing new drill bits to maintain and strengthen their global market position. For example, in May 2022, Epiroc, a Swedish mining and industrial equipment manufacturer, introduced the Powerbit X. This new diamond-protected drill bit allows an operator to dig a single hole with just one drill bit. In-hole bit replacements are an unfavorable option that leads to significant productivity losses over time. This new technology and buttons with diamond protection could save hundreds of hours. Powerbit X’s extraordinarily hard-to-surface allows for a 90% reduction in CO2 emissions per drilled meter compared to standard drill bits. Powerbit X uses less power and resources due to its extended bit life.

Which are the key investments by the mining drill bits market players?

Mining drill bit manufacturers invest in product research and development to improve their existing product lines and introduce new and innovative mining drill bits. Moreover, machine learning (MI) and artificial intelligence (AI) will enable the development of new, technologically advanced mining drill bits in the coming years. Mining companies are also investing heavily in expanding their capacity to meet the increased demand for metals and ores caused by the expansion of the automotive industry. For instance, in 2018, Atlas Copco acquired two businesses, Renegade Drilling Supplies Proprietary Ltd and Hy-Performance Fluid Power Pvt Ltd, an Australian service provider for infrastructure and mining, to diversify its product line of drilling consumables for mining exploration.

Some major players in the mining drill bits market are Universal Drilling Technique LLC (Ukraine), MICON-Drilling GmbH (Germany), Caterpillar Inc (U.S.), Brunner & Lay Inc (U.S.), Changsha Heijingang Industrial Co. Ltd (China), Epiroc AB (Sweden), Mitsubishi Materials Corporation (Japan), Robit Plc (Finland), Rockmore International (U.S.), Sandvik AB (Sweden), Western Drilling Tools (Canada), Xiamen Prodrill Equipment Co. Ltd (China), Boart Longyear (U.S.), DATC Group (France), Shareate Tools Ltd (China), and Cenerg Global Tools Pvt Ltd (India).

What are the Major Driving Factors for the Mining Drill Bits Market?

Some key factors propelling the growth of the global mining drill bits market include rising blast hole drilling for open-pit mining, increased demand for underground mining drill equipment, and increased mining activity due to advanced technologies. Moreover, increased mining activity correlates directly with increased drill bit usage. Increased mining would therefore increase demand for mining drill bits globally.

What are the Major Risks for the Mining Drill Bits Market?

A challenge for vendors is an increase in the cost of raw materials used to manufacture drill bits, which is expected to limit the global market growth. Another barrier to market growth is a need for more skilled labor to operate mining drill bits. Access to remote mining sites is another constraint to market growth. The high cost of mining drill bits is also a significant obstacle to market expansion.

Which is the key material in the mining drill bits market?

The PDC diamond material segment will dominate the global mining drill bit market in the coming years. This is due to the increasing use of industrial-grade diamonds for drilling oil and geothermal wells. The diamond material also provides high penetration rates, excellent wear resistance, and increased effectiveness. A PDC diamond bit is suitable for cutting a wide range of materials due to its superior strength. Such diamond-related characteristics are fueling the growth of this segment. Significant industrial growth in India, Japan, China, and Australia, as well as rising demand for petroleum and coal resources, are further expected to support the growth of this PDC diamond materials segment.

How is the mining drill bits market performing in regions?

The Middle East & Africa region is expected to grow the fastest in the global mining drill bits market during the forecasted period. The GCC nations, also known as OPEC nations, are the world’s largest oil producers and include Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait, and Oman in the Middle East. Their crude oil & gas extraction drives up demand for mining drill bits in the region. The region’s main markets are Iraq, South Africa, Iran, and Nigeria. The market in this region is projected to be driven by the rise in advanced mining and drilling equipment utilization in GCC nations. In November 2021, Nigeria’s Mining and Steel Development Industry proposed a three-year tax break for mining investors. These government subsidies in the region are propelling market growth.

What is the regulatory landscape for the mining drill bits market?

The government has imposed numerous rules and regulations on the mining industry participants due to growing awareness of the environmental damage caused by mining. However, tighter government regulations on onshore drilling activities may constrain gas and oil drill bit market growth.

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What are the major players planning for the future of the mining drill bits market?

Companies in the global mining drill sector are investing heavily in improving the quality of their products and meeting customer demands. For example, in March 2022, Nabors Industries, a global drilling contractor, invested USD 8 million in developing plasma bits, an emerging drilling tool technology. On the other hand, Epiroc introduced the Omega S rotary and Epsilon2 tritone drill bits in February 2021. These products were designed to improve drilling performance and mining longevity. Such innovations and R&D investments are beneficial to mining drill bits market growth.

REPORT ATTRIBUTE DETAILS
Mining Drill Bits Market by Volume Yes
Mining Drill Bits Market by Value Yes
Mining Drill Bits Market, Tornado Analysis Yes
Mining Drill Bits Market, STAR Analysis Yes
Mining Drill Bits Market, SRC Analysis Yes
Mining Drill Bits Market, Import-Export Data Yes (On Demand)
Mining Drill Bits Market Pricing Analysis Yes (On Demand)
Mining Drill Bits Market Segment Analysis By Type (Rotary Bit, Fixed Cutter Bits, Roller Cone Bits, DTH Hammer Bit, and Others)

By Material (PDC Diamond, Tungsten Carbide, Steel, and Others)

By Application (Surface Mining and Underground Mining)

By Size (Below 8 inches, 8 to 11 inches, and Above 11 inches)

Mining Drill Bits Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Mining Drill Bits Market Key Companies Universal Drilling Technique LLC (Ukraine), MICON-Drilling GmbH (Germany), Caterpillar Inc (U.S.), Brunner & Lay Inc (U.S.), Changsha Heijingang Industrial Co. Ltd (China), Epiroc AB (Sweden), Mitsubishi Materials Corporation (Japan), Robit Plc (Finland), Rockmore International (U.S.), Sandvik AB (Sweden), Western Drilling Tools (Canada), Xiamen Prodrill Equipment Co. Ltd (China), Boart Longyear (U.S.), DATC Group (France), Shareate Tools Ltd (China), and Cenerg Global Tools Pvt Ltd (India)
Mining Drill Bits Market Competitive Landscape Competitive Benchmarking

Market Share Analysis

Geographical Presence Analysis

Key Players Market Positioning

Major Strategies Adopted

Segmentation of Global Mining Drill Bits Market-

Global Mining Drill Bits Market – By Type

  • Rotary Bit
  • Fixed Cutter Bits
  • Roller Cone Bits
  • DTH Hammer Bit
  • Others

Global Mining Drill Bits Market – By Size

  • PDC Diamond
  • Tungsten Carbide
  • Steel
  • Others

Global Mining Drill Bits Market – By Application

  • Below 8 inches
  • 8 to 11 inches
  • Above 11 inches

Global Mining Drill Bits Market – By Material

  • Surface Mining
  • Underground Mining

Global Mining Drill Bits Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Mining Drill Bits Market
2.2. Global Mining Drill Bits Market, By Material
2.3. Global Mining Drill Bits Market, By Size
2.4. Global Mining Drill Bits Market, By Type
2.5. Global Mining Drill Bits Market, By Application
2.6. Global Mining Drill Bits Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Mining Drill Bits Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Material
3.5.2. Size
3.5.3. Type
3.5.4. Application
3.5.5. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company Market Share of Key Players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Mining Drill Bits Market
7.1. Global Mining Drill Bits Market, by Material, 2017-2030(US$ Bn)
7.1.1. Overview
7.1.2. Global Mining Drill Bits Market, By Material, 2022 vs 2030 (in%)
7.1.3. Global Mining Drill Bits Market, By PDC Diamond, 2017-2030 (US$ Bn)
7.1.4. Global Mining Drill Bits Market, By Tungsten Carbide, 2017-2030 (US$ Bn)
7.1.5. Global Mining Drill Bits Market, By Steel, 2017-2030 (US$ Bn)
7.1.6. Global Mining Drill Bits Market, By Others, 2017-2030 (US$ Bn)
7.2. Global Mining Drill Bits Market, by Size, 2017-2030(US$ Bn)
7.2.1. Overview
7.2.2. Global Mining Drill Bits Market, By Size, 2022 vs 2030 (in%)
7.2.3. Global Mining Drill Bits Market, By Below 8 inches, 2017-2030 (US$ Bn)
7.2.4. Global Mining Drill Bits Market, By 8 to 11 inches, 2017-2030 (US$ Bn)
7.2.5. Global Mining Drill Bits Market, By Above 11 inches, 2017-2030 (US$ Bn)
7.3. Global Mining Drill Bits Market, by Type, 2017-2030(US$ Bn)
7.3.1. Overview
7.3.2. Global Mining Drill Bits Market, By Type, 2022 vs 2030 (in%)
7.3.3. Global Mining Drill Bits Market, By Rotary Bit, 2017-2030 (US$ Bn)
7.3.4. Global Mining Drill Bits Market, By Fixed Cutter Bits, 2017-2030 (US$ Bn)
7.3.5. Global Mining Drill Bits Market, By Roller Cone Bits, 2017-2030 (US$ Bn)
7.3.6. Global Mining Drill Bits Market, By DTH Hammer Bit, 2017-2030 (US$ Bn)
7.3.7. Global Mining Drill Bits Market, By Others, 2017-2030 (US$ Bn)
7.4. Global Mining Drill Bits Market, by Application, 2017-2030(US$ Bn)
7.4.1. Overview
7.4.2. Global Mining Drill Bits Market, By Application, 2022 vs 2030 (in%)
7.4.3. Global Mining Drill Bits Market, By Surface Mining, 2017-2030 (US$ Bn)
7.4.4. Global Mining Drill Bits Market, By Underground Mining, 2017-2030 (US$ Bn)

8. North America Mining Drill Bits Market Analysis
8.1. North America Mining Drill Bits Market, by Material, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Mining Drill Bits Market, by Size, 2017-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Mining Drill Bits Market, by Type, 2017-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Mining Drill Bits Market, by Application, 2017-2030(US$ Bn)
8.4.1. Overview
8.4.2. SRC Analysis
8.5. North America Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
8.5.1. U.S.
8.5.1.1. U.S. Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.5.1.2. U.S. Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
8.5.1.3. U.S. Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
8.5.1.4. U.S. Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
8.5.1.5. U.S. Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
8.5.2. Canada
8.5.2.1. Canada Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.5.2.2. Canada Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
8.5.2.3. Canada Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
8.5.2.4. Canada Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
8.5.2.5. Canada Mining Drill Bits, By Application, 2017-2030 (US$ Bn)

9. Europe Mining Drill Bits Market Analysis
9.1. Europe Mining Drill Bits Market, by Material, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Mining Drill Bits Market, by Size, 2017-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Mining Drill Bits Market, by Type, 2017-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis

9.4. Europe Mining Drill Bits Market, by Application, 2017-2030(US$ Bn)
9.4.1. Overview
9.4.2. SRC Analysis
9.5. Europe Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
9.5.1. Germany
9.5.1.1. Germany Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.1.2. Germany Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
9.5.1.3. Germany Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
9.5.1.4. Germany Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
9.5.1.5. Germany Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
9.5.2. France
9.5.2.1. France Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.2.2. France Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
9.5.2.3. France Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
9.5.2.4. France Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
9.5.2.5. France Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
9.5.3. UK
9.5.3.1. UK Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.3.2. UK Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
9.5.3.3. UK Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
9.5.3.4. UK Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
9.5.3.5. UK Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
9.5.4. Italy
9.5.4.1. Italy Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.4.2. Italy Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
9.5.4.3. Italy Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
9.5.4.4. Italy Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
9.5.4.5. Italy Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
9.5.5. Spain
9.5.5.1. Spain Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.5.2. Spain Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
9.5.5.3. Spain Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
9.5.5.4. Spain Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
9.5.5.5. Spain Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
9.5.6. Rest of Europe
9.5.6.1. Rest of Europe Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.6.2. Rest of Europe Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
9.5.6.3. Rest of Europe Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
9.5.6.4. Rest of Europe Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
9.5.6.5. Rest of Europe Mining Drill Bits, By Application, 2017-2030 (US$ Bn)

10. Asia Pacific Mining Drill Bits Market Analysis
10.1. Asia Pacific Mining Drill Bits Market, by Material, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Mining Drill Bits Market, by Size, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Mining Drill Bits Market, by Type, 2017-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Mining Drill Bits Market, by Application, 2017-2030(US$ Bn)
10.4.1. Overview
10.4.2. SRC Analysis
10.5. Asia Pacific Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
10.5.1. China
10.5.1.1. China Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.1.2. China Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
10.5.1.3. China Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
10.5.1.4. China Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
10.5.1.5. China Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
10.5.2. Japan
10.5.2.1. Japan Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.2.2. Japan Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
10.5.2.3. Japan Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
10.5.2.4. Japan Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
10.5.2.5. Japan Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
10.5.3. India
10.5.3.1. India Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.3.2. India Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
10.5.3.3. India Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
10.5.3.4. India Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
10.5.3.5. India Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
10.5.4. South Korea
10.5.4.1. South Korea Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.4.2. South Korea Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
10.5.4.3. South Korea Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
10.5.4.4. South Korea Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
10.5.4.5. South Korea Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
10.5.5. South-East Asia
10.5.5.1. South-East Asia Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.5.2. South-East Asia Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
10.5.5.3. South-East Asia Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
10.5.5.4. South-East Asia Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
10.5.5.5. South-East Asia Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
10.5.6. Rest of Asia Pacific
10.5.6.1. Rest of Asia Pacific Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.6.2. Rest of Asia Pacific Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
10.5.6.3. Rest of Asia Pacific Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
10.5.6.4. Rest of Asia Pacific Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
10.5.6.5. Rest of Asia Pacific Mining Drill Bits, By Application, 2017-2030 (US$ Bn)

11. Latin America Mining Drill Bits Market Analysis
11.1. Latin America Mining Drill Bits Market, by Material, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Mining Drill Bits Market, by Size, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Mining Drill Bits Market, by Type, 2017-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Mining Drill Bits Market, by Application, 2017-2030(US$ Bn)
11.4.1. Overview
11.4.2. SRC Analysis
11.5. Latin America Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
11.5.1. Brazil
11.5.1.1. Brazil Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.5.1.2. Brazil Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
11.5.1.3. Brazil Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
11.5.1.4. Brazil Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
11.5.1.5. Brazil Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
11.5.2. Mexico
11.5.2.1. Mexico Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.5.2.2. Mexico Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
11.5.2.3. Mexico Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
11.5.2.4. Mexico Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
11.5.2.5. Mexico Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
11.5.3. Rest of Latin America
11.5.3.1. Rest of Latin America Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.5.3.2. Rest of Latin America Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
11.5.3.3. Rest of Latin America Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
11.5.3.4. Rest of Latin America Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
11.5.3.5. Rest of Latin America Mining Drill Bits, By Application, 2017-2030 (US$ Bn)

12. Middle East and Africa Mining Drill Bits Market Analysis
12.1. Middle East and Africa Mining Drill Bits Market, by Material, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Mining Drill Bits Market, by Size, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Mining Drill Bits Market, by Type, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Mining Drill Bits Market, by Application, 2017-2030(US$ Bn)
12.4.1. Overview
12.4.2. SRC Analysis
12.5. Middle East and Africa Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
12.5.1. GCC Countries
12.5.1.1. GCC Countries Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.1.2. GCC Countries Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
12.5.1.3. GCC Countries Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
12.5.1.4. GCC Countries Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
12.5.1.5. GCC Countries Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
12.5.2. South Africa
12.5.2.1. South Africa Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.2.2. South Africa Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
12.5.2.3. South Africa Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
12.5.2.4. South Africa Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
12.5.2.5. South Africa Mining Drill Bits, By Application, 2017-2030 (US$ Bn)
12.5.3. Rest of Middle East and Africa
12.5.3.1. Rest of Middle East and Africa Mining Drill Bits Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.3.2. Rest of Middle East and Africa Mining Drill Bits, By Material, 2017-2030 (US$ Bn)
12.5.3.3. Rest of Middle East and Africa Mining Drill Bits, By Size, 2017-2030 (US$ Bn)
12.5.3.4. Rest of Middle East and Africa Mining Drill Bits, By Type, 2017-2030 (US$ Bn)
12.5.3.5. Rest of Middle East and Africa Mining Drill Bits, By Application, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. Universal Drilling Technique LLC (Ukraine)
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. MICON-Drilling GmbH (Germany)
13.3. Caterpillar Inc (U.S.)
13.4. Brunner & Lay Inc (U.S.)
13.5. Changsha Heijingang Industrial Co. Ltd (China)
13.6. Epiroc AB (Sweden)
13.7. Mitsubishi Materials Corporation (Japan)
13.8. Robit Plc (Finland)
13.9. Rockmore International (U.S.)
13.10. Sandvik AB (Sweden)
13.11. Western Drilling Tools (Canada)
13.12. Xiamen Prodrill Equipment Co. Ltd (China)
13.13. Boart Longyear (U.S.)
13.14. DATC Group (France)
13.15. Shareate Tools Ltd (China)
13.16. Cenerg Global Tools Pvt Ltd (India)
13.17. Others

List of Figures
FIG. 1 Global Mining Drill Bits Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Mining Drill Bits Market Segmentation
FIG. 4 Global Mining Drill Bits Market, by Material, 2022 (US$ Bn)
FIG. 5 Global Mining Drill Bits Market, by Size, 2022 (US$ Bn)
FIG. 6 Global Mining Drill Bits Market, by Type, 2022 (US$ Bn)
FIG. 7 Global Mining Drill Bits Market, by Application, 2022 (US$ Bn)
FIG. 8 Global Mining Drill Bits Market, by Geography, 2022 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Material, 2022
FIG. 10 Attractive Investment Proposition, by Size, 2022
FIG. 11 Attractive Investment Proposition, by Type, 2022
FIG. 12 Attractive Investment Proposition, by Application, 2022
FIG. 13 Attractive Investment Proposition, by Geography, 2022
FIG. 14 Global Market Share Analysis of Key Mining Drill Bits Market Manufacturers, 2022
FIG. 15 Global Market Positioning of Key Mining Drill Bits Market Manufacturers, 2022
FIG. 16 Global Mining Drill Bits Market Value Contribution, By Material, 2022 & 2030 (Value %)
FIG. 17 Global Mining Drill Bits Market, by PDC Diamond, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Mining Drill Bits Market, by Tungsten Carbide, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Mining Drill Bits Market, by Steel, Value, 2017-2030 (US$ Bn)
FIG. 20 Global Mining Drill Bits Market, by Others, Value, 2017-2030 (US$ Bn)
FIG. 21 Global Mining Drill Bits Market Value Contribution, By Size, 2022 & 2030 (Value %)
FIG. 22 Global Mining Drill Bits Market, by Below 8 inches, Value, 2017-2030 (US$ Bn)
FIG. 23 Global Mining Drill Bits Market, by 8 to 11 inches, Value, 2017-2030 (US$ Bn)
FIG. 24 Global Mining Drill Bits Market, by Above 11 inches, Value, 2017-2030 (US$ Bn)
FIG. 25 Global Mining Drill Bits Market Value Contribution, By Type, 2022 & 2030 (Value %)
FIG. 26 Global Mining Drill Bits Market, by Rotary Bit, Value, 2017-2030 (US$ Bn)
FIG. 27 Global Mining Drill Bits Market, by Fixed Cutter Bits, Value, 2017-2030 (US$ Bn)
FIG. 28 Global Mining Drill Bits Market, by Roller Cone Bits, Value, 2017-2030 (US$ Bn)
FIG. 29 Global Mining Drill Bits Market, by DTH Hammer Bit, Value, 2017-2030 (US$ Bn)
FIG. 30 Global Mining Drill Bits Market, by Others, Value, 2017-2030 (US$ Bn)
FIG. 31 Global Mining Drill Bits Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 32 Global Mining Drill Bits Market, by Surface Mining, Value, 2017-2030 (US$ Bn)
FIG. 33 Global Mining Drill Bits Market, by Underground Mining, Value, 2017-2030 (US$ Bn)
FIG. 34 U.S. Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 35 Canada Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 36 Germany Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 37 France Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 38 U.K. Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 39 Italy Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 40 Spain Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 41 Rest of Europe Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 42 China Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 43 Japan Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 44 India Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 45 South Korea Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 46 Southeast Asia Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 47 Rest of Asia Pacific Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 48 Latin America Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 49 Brazil Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 50 Mexico Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 51 Rest of Latin America Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 52 Middle East & Africa Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 53 GCC Countries Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 54 South Africa Mining Drill Bits Market, 2017-2030 (US$ Bn)
FIG. 55 Rest of Middle East and Africa Mining Drill Bits Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Mining Drill Bits Market
TABLE 2 Global Mining Drill Bits Market, by Competitive Benchmarking, 2022
TABLE 3 Global Mining Drill Bits Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Mining Drill Bits Market, by Key Strategies Analysis, 2022
TABLE 5 Global Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 6 Global Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 7 Global Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 8 Global Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 9 Global Mining Drill Bits Market, by Geography, 2017-2030 (US$ Bn)
TABLE 10 North America Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 11 North America Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 12 North America Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 13 North America Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 14 North America Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
TABLE 15 US Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 16 US Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 17 US Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 18 US Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 19 Canada Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 20 Canada Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 21 Canada Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 22 Canada Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 23 Europe Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 24 Europe Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 25 Europe Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 26 Europe Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 27 Europe Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
TABLE 28 Germany Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 29 Germany Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 30 Germany Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 31 Germany Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 32 France Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 33 France Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 34 France Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 35 France Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 36 UK Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 37 UK Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 38 UK Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 39 UK Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 40 Italy Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 41 Italy Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 42 Italy Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 43 Italy Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 44 Spain Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 45 Spain Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 46 Spain Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 47 Spain Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 48 Rest of Europe Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 49 Rest of Europe Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 50 Rest of Europe Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 51 Rest of Europe Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 52 Asia Pacific Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 53 Asia Pacific Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 54 Asia Pacific Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 55 Asia Pacific Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 56 Asia Pacific Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
TABLE 57 China Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 58 China Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 59 China Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 60 China Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 61 Japan Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 62 Japan Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 63 Japan Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 64 Japan Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 65 India Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 66 India Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 67 India Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 68 India Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 69 South Korea Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 70 South Korea Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 71 South Korea Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 72 South Korea Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 73 South East Asia Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 74 South East Asia Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 75 South East Asia Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 76 South East Asia Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 77 Rest of Asia Pacific Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 78 Rest of Asia Pacific Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 79 Rest of Asia Pacific Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 80 Rest of Asia Pacific Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 81 Latin America Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 82 Latin America Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 83 Latin America Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 84 Latin America Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 85 Latin America Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
TABLE 86 Brazil Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 87 Brazil Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 88 Brazil Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 89 Brazil Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 90 Mexico Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 91 Mexico Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 92 Mexico Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 93 Mexico Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 94 Rest of Latin America Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 95 Rest of Latin America Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 96 Rest of Latin America Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 97 Rest of Latin America Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 98 Middle East and Africa Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 99 Middle East and Africa Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 100 Middle East and Africa Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 101 Middle East and Africa Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 102 Middle East and Africa Mining Drill Bits Market, by Country, 2017-2030 (US$ Bn)
TABLE 103 GCC Countries Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 104 GCC Countries Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 105 GCC Countries Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 106 GCC Countries Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 107 South Africa Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 108 South Africa Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 109 South Africa Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 110 South Africa Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)
TABLE 111 Rest of Middle East and Africa Mining Drill Bits Market, by Material, 2017-2030 (US$ Bn)
TABLE 112 Rest of Middle East and Africa Mining Drill Bits Market, by Size, 2017-2030 (US$ Bn)
TABLE 113 Rest of Middle East and Africa Mining Drill Bits Market, by Type, 2017-2030 (US$ Bn)
TABLE 114 Rest of Middle East and Africa Mining Drill Bits Market, by Application, 2017-2030 (US$ Bn)

Frequently asked questions

How does COVID-19 impact the global mining drill bits market?

Nearly every industry, including construction, mining, industrial manufacturing, oil & gas, automobiles, etc., was significantly impacted by COVID-19. Mining drill bit demand fell during the period owing to social distancing regulations and disruptions in the supply chain.

Which is the leading region of the market for mining drill bits?

Asia Pacific had the largest global mining drill bits market share in 2022.

What are the key drivers for the growth of the mining drill bits market?

The increasing use of mining to obtain coal and precious metals, technological developments in mining equipment, the evolution of the mining sector, and rising infrastructure development are key factors driving the global market for mining drill bits.

Which is the major segment in the mining drill bits market by type?

The DTH hammer bit segment had a major share in the global market in 2022.

Which is the major segment in the mining drill bits market by application?

The underground mining segment had a major share in the global market.

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