Rock Drilling Jumbo Market Size, Share, Growth, and Industry Analysis, By Type (Single Arm Rock Drilling Jumbo, Double Arm Rock Drilling Jumbo and Multi Arm Rock Drilling Jumbo), By Application (Mining, Railway and Highway Construction and Other), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Rock Drilling Jumbo Market Report Overview

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The global rock drilling jumbo market size was USD 398 million in 2021 and is projected to touch USD 596.77 million by 2031, exhibiting a CAGR of 4.1% during the forecast period.

Rock drilling jumbo is basically a simple machine which is majorly composed of rock drill, drill arm (the support, positioning and propelling mechanism), frame, travel system, and other necessary attachments. Drilling jumbos have a wide variety of application, mining being the leading one. It has main application in underground mining, which is done by drilling and blasting. It is also being increasingly used in tunnelling. However, presence of hard and rough rocks prevents smooth tunneling processes.  Moreover, these mining vehicles are very sturdy and long-lasting. Also, these are cost effective in comparison to other heavy machineries.

These simple machines have self-propelling feature where multiple rock drills can work simultaneously leads to enhanced work efficiency and productivity. Furthermore, technological innovation and advancement is highly predicted to result in production of higher quality products which bore satisfactory results. Earlier, rock drills used to run on compressed air power management systems whereas now electricity is being mostly used.

COVID-19 Impact: Disturbance in Supply Chains Results to Market Derailment 

The global COVID-19 pandemic has been unprecedented and staggering, with the rock drilling jumbo market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

With the rise of COVID-19 virus, regions all over the world had to undergo and face terrible challenges. In order to control the virus from spreading all the basic and fundamental socio-economic activities were ordered to be stopped. Strict government protocols and lockdowns were imposed in favor of public. In turn, these actions severely disrupted the regional as well as global supply chains and transportation processes, resulting in derailed market growth. To save expenditure, workers were forcefully removed from their jobs and work positions.

But, once the conditions started growing better, the respected market witnessed rise in demand of the product leading to increased product sales.

LATEST TRENDS

"Technological Innovation and Advancement to Propel Market Growth"

As of current market analysis, rock drilling jumbo market is expected to touch an impressive market rate of USD 529 million by 2028, growing at a respectable CAGR value of 4.1%. With useful marketing strategies and strong financial support, it is highly expected that the market will be able to gain a stronger market position in the upcoming years. Furthermore, with more regions getting interconnected with each other, public awareness about the product increases which significantly boosts product sales. Moreover, with the incorporation of modern technology and modern gadgets, the respected market is anticipated to produce advanced products that yield extraordinary results, leading to enhanced market advancement.

Rock Drilling Jumbo Market Segmentation

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• By Type

The market categorizes into Single Arm Rock Drilling Jumbo, Double Arm Rock Drilling Jumbo and Multi Arm Rock Drilling Jumbo.

In terms of product, Single Arm Rock Drilling Jumbo is the largest segment, with a share over 43%.

• By Application

The market categorizes into Mining, Railway and Highway Construction, and Other.

In terms of application, the largest application is Mining, followed by Railway and Highway Construction, etc.

DRIVING FACTORS

"Increase in Demand of the Product to Fuel Market Growth"

One of the major factors which promotes the growth of the rock drilling jumbo market is the increasing demand of the product both in regional as well as global markets. It is due to the advantageous features of jumbo drills such as its environment friendly nature. Also, jumbo drills are cost effective, making it not very difficult to be affordable by everyone. Moreover, jumbo drills, both diesel, and electric are zero-emission devices which makes it environmentally sustainable. Also, with proper knowledge prior to its use, jumbo drills are super easy to use and manage.

RESTRAINING FACTORS

"High Rates of Machinery Wear and Tear Leads to Limited Market Growth"

One of the limiting factor which that hampers the overall growth of the market is the risk of frequent machinery breakdown. This is highly anticipated to be due to the fact that drilling some very rough rocks require very high energy which if not supplied leads to machine breakdown. Also, requirement of high energy to make the machine work makes the process more expensive, resulting in restricting rock drilling jumbo market growth.

Rock Drilling Jumbo Market Regional Insights

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"Europe to Rule the Market Owing to High Production Rate"

Europe is the largest market, with a notable rock drilling jumbo market share. The existence of a large quantity of production units in this region results in high production rates which propels market growth. Furthermore, Asia-Pacific has eminent relations with different parts of the world. Moreover, this region also supports a lucrative transportation network system which in turn results in enhanced rock drilling jumbo market growth. Above it all, this region supports a strong and steady working population that is capable for performing various activities in market sector aiding in uplifting the market economy.  

KEY INDUSTRY PLAYERS

"Key Market Faces to Focus on Market Expansion"

All the key market players are predicted to take a firm approach towards the expansion of the market so as to make the product available to a wider range of area, increasing products sales. Epiroc, Sandvik Construction, Furukawa, Komatsu Mining Corp., J.H. Fletcher, Sitoncn, Mine Master, are some of the leading manufacturing companies. The top five manufacturers are anticipated to own an impressive market share of about 56%. Moreover, with the development of new technologies it is highly expected that product quality will most likely improve which will result in market advancement.

List of Market Players Profiled

• Epiroc (Sweden)
• Sandvik Construction (Sweden)
• Furukawa (Japan)
• Komatsu Mining Corp. (U.S.)
• J.H. Fletcher (U.S.)
• Sitoncn (Switzerland)
• Mine Master (Poland)
• Hebei Hong Yuan Hydraulic Machinery and Technology Co. (China)
• HAZEMAG (Germany)
• Lake Shore Systems (U.S.)
• XCMG (China)
• China Railway Engineering Equipment Group Co., Ltd. (China)
• Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. (China)
• Shandong China Coal Industrial & Mining Supplies Group Co.Ltd (China)
• Cocental – CMM (France)
• Sichuan Zuanshen Intelligent Machinery Manufacturing Co., Ltd. (China)

REPORT COVERAGE

The report promises its readers to effectively describe all the essential market features such driving factors, restraining factors, opportunities, risks, latest trends, COVID-19 impacts, and many more during the forecast period of 2022-28. This report also outlines the consumer behavior, industry relations, industrial patterns of the respected market. Thorough insights about the market are given through this report. All the information and data passed on from this report is fully verified and validated by trusted sources and backed by professional market analysts. Segmentation of the respective market on the basis of type, application and region is also briefly highlighted. The overall objective of this market research report is to effectively brief each and every important aspect of the market and help market players, stakeholders, market partners to gain a wider and clearer insight of the respective market.