Frequently asked questions
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.
Asia Pacific had the largest global mining drill bits market share in 2022.
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.
The DTH hammer bit segment had a major share in the global market in 2022.
The underground mining segment had a major share in the global market.