Global DTH Hammer Bits Market Size Will Escalate to USD 1,203 Million in 2026
The DTH bit is basically a small jackhammer that can be screwed onto the bottom of the drill string. The quick hammer action breaks the hard rock into small flakes and dust and is blown clear by the air exhaust from the DTH hammer.
Market Insights
The study projects that the DTH Hammer Bits market will register a 4.38% CAGR in terms of revenue, which is expected to reach USD 1,203 million in 2026 from USD 891 million in 2019.
The consumption of DTH Hammer Bits is related to the downstream industry and the global economy. The growth rate of the DTH Hammer Bits industry may not be able to maintain this trend due to some uncertainties in the global economy in the coming years. But it is certain that the market for DTH Hammer Bits is still full of hope.
North America and Europe are the two major markets for DTH Hammer Bits, followed by Asia-Pacific, with production values accounting for 32.17%, 30.27% and 29.36% of the world respectively. In the coming years, there is an increasing demand for DTH Hammer Bits in the regions of North America and Europe that is expected to drive the market for more advanced DTH Hammer Bits. Increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on mining, oil and gas industry, retrofitting and renovation of old technology, increasing adoption of DTH Hammer Bits is poised to drive growth in North America and Europe markets.
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Competitive Outlook
Although the market competition of DTH Hammer Bits is fierce worldwide, there are many enterprises can obtain considerable profit form the manufacturing and marketing of DTH Hammer Bits and that is the reason that we believe there will also be enterprises enter this market. However, it has been suggested that companies planning to enter the industry should carefully analyze the market and its own advantages and disadvantages.
The major global DTH Hammer Bits market competitors include Sandvik, Atlas copco, Borat Lonyear, Mincon, Rockmore, Halco Rock Tools, Bulroc, Drill King, Center Rock, Numa, EDM, Wooke, Teamwhole, Heijingang, SPM, SF Diamond, HaoQuan, Prodrill Equipment, Sanshan, Yikuang, Shihua, and etc.
Type Outlook
• Flat
• Concave
• Others
Application Outlook
• Mining Industry
• Waterwell Drilling
• Construction
• Oil & Gas Industry
• Others
Regional Outlook:
North America (United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Denmark, Finland, Iceland, Norway and Sweden, Spain, Belgium, Poland, Russia, Turkey, and Others)
Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, and Others)
Latin America (Brazil, Argentina, Peru, Chile, and Others)
Middle East & Africa (GCC Countries, Southern Africa, and North Africa)
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The research report provides in-depth analysis on:
• The estimation of the growth rate, market size and share of the DTH Hammer Bits Market throughout the forecast period.
• The assessments for the regional market layout characteristics in the world.
• The SWOT of the DTH Hammer Bits Market.
• Leading manufacturers’ profiles, product features, business features, target customer features.
• Significant trends for the growth prospects of the DTH Hammer Bits Market by 2026.
• The report tracks detailed information about merges, innovations, policies and recent developments in the industry.
DTH Hammer Bits Market Intended Audience:
l DTH Hammer Bits manufacturers
l DTH Hammer Bits importers and exporters
l DTH Hammer Bits traders, distributors, and suppliers
l DTH Hammer Bits industry associations
l Product managers, DTH Hammer Bits industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of DTH Hammer Bits Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of DTH Hammer Bits Market by Types
4 Segmentation of DTH Hammer Bits Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of DTH Hammer Bits Market in Major Countries
7 North America DTH Hammer Bits Landscape Analysis
8 Europe DTH Hammer Bits Landscape Analysis
9 Asia Pacific DTH Hammer Bits Landscape Analysis
10 Latin America, Middle East & Africa DTH Hammer Bits Landscape Analysis
11 Major Players Profile
11.1 Sandvik
11.1.1 Sandvik Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Atlas copco
11.3 Borat Lonyear
11.4 Mincon
11.5 Rockmore
11.6 Halco Rock Tools
11.7 Bulroc
11.8 Drill King
11.9 Center Rock
11.10 Numa
11.11 EDM
11.12 Wooke
11.13 Teamwhole
11.14 Heijingang
11.15 SPM
11.16 SF Diamond
11.17 HaoQuan
11.18 Prodrill Equipment
11.19 Sanshan
11.20 Yikuang
…
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
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