1. Market Research
  2. > Mining and Quarrying Market Trends
Mining Drill Bits Market by Type, Material, Operation, and Bit Size : Global Opportunity Analysis and Industry Forecast, 2019-2026

Mining Drill Bits Market by Type, Material, Operation, and Bit Size : Global Opportunity Analysis and Industry Forecast, 2019-2026

  • September 2019
  • 297 pages
  • ID: 5824856
  • Format: PDF
  • By Allied Market Research


Table of Contents

Mining Drill Bits Market by Type (Rotary Bits, DTH Hammers Bits, and Others), Material (Steel, Diamond, and Tungsten Carbide), Operation (Underground Drilling, and Surface Drilling), and Bit Size (Up to 150 mm, 151-200 mm, 201-250 mm, 251-300 mm, and Above 300 mm): Global Opportunity Analysis and Industry Forecast, 2019-2026

The global mining drill bits market was valued at $1,145,000 thousand in 2018, and is projected to reach $1,711,800 thousand by 2026, growing at a CAGR of 5.1% from 2019 to 2026. Mining drill bits are cutting tools that are used to dig the hole of circular area. These drill bits are deployed to remove rock or debris material to create different size of holes. There are certain specialized mining drill bits that can drill holes with a non-circular cross-section. They are available in variety of shapes and sizes with different kinds of body material such as diamond and tungsten. The drill bits are attached to the drill rod of drilling machine to drill or cut through the earth or surface, typically by rotation motion. The drill rob grasps the upper most part of the bit called shank.
Mining drills act as a reliable means to carry mining operations. The mining drill bits are widely used in open-pit mines and quarries. In initial phase of open pit mining or surface mining blasting is required to create hole in the ground to facilitate the deep drilling process. In addition, it is required to dig the hole to place explosive in certain depth for blasting operation in mining. Hence, the demand for these drill bits is increasing at the mining sites.
Increase in demand for metal and mineral commodities is one of the major factors that boosts the growth of the mining drill bits market. Furthermore, rise in demand for metal due to high demand from the automotive industry is also expected to fuel the market growth.
In addition, one of the main factors that drive the growth of the drill bits market is increase in mining activities due to growth in demand for precious metals such as gold, silver, and diamonds. Different trends for gold and diamond as well as fashion jewelry has increased the demand for these precious metals.
However, increase in purchasing cost of drill bits is a challenge faced by vendors, which is expected to restrain the market growth. Furthermore, growth in awareness regarding environmental damage sustained due to mining has led to imposition of many rules and regulations on the mining industry players by the governments. This in turn hinders the growth of the mining drill bits industry. Moreover, increase in technological innovations such as artificial intelligence (AI) and machine learning (ML) provides lucrative opportunities for the growth of the mining drill bits market in the coming years.
The global mining drill bits market is segmented based on type, material, operation, bit size, and region. Based on type, the market is divided into rotary bits, DTH hammers, and others. The rotary bits segment is further bifurcated into fixed cutter bits and roller cone bits. Whereas, the others segment is classified into anchor bits, cross bits, and chisel bits. Based on material, the market is classified into steel, diamond, and tungsten carbide. The diamond drill bits segment is further divided into thermally stable diamond bits, PDC, and surface set diamond bits. By operation, it is bifurcated into underground drilling and surface drilling. Furthermore, by bit size, the market is divided into up to 150 mm, 151–200 mm, 201–250 mm, 251–300 mm, and above 300 mm.
The global mining drill bits market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the market throughout the forecast period.

The key market players profiled in the report include Brunner and Lay, Caterpillar Inc., Changsha Heijingang Industrial Co., Ltd, Epiroc AB, Mitsubishi Materials Corporation., Robit Plc, Rockmore International, Sandvik, Western Drilling Tools Inc, and Xiamen Prodrill Equipment Co., Ltd.

?The report provides an extensive analysis of the current and emerging mining drill bits market trends and dynamics.
?In-depth market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
?Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
?A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
?The global mining drill bits market forecast analysis from 2018 to 2026 is included in the report.
?The key market players within mining drill bits market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the mining drill bits industry.


•Rotary Bits
oFixed Cutter Bits
oRoller Cone Bits
•DTH Hammers Bits

oThermally Stable Diamond Bits
oSurface Set Diamond Bits
•Tungsten Carbide

•Underground Drilling
•Surface Drilling

•Up to 150 mm
•151–200 mm
•201–250 mm
•251–300 mm
•Above 300 mm

•North America
oRest of Europe

oSouth Korea
oRest of Asia-Pacific

oLatin America
oMiddle East

•Brunner and Lay
•Caterpillar Inc.
•Changsha Heijingang Industrial Co., Ltd
•Epiroc AB
•Mitsubishi Materials Corporation
•Robit Plc
•Rockmore International, Sandvik
•Western Drilling Tools Inc
•Xiamen Prodrill Equipment Co., Ltd

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Heat Gun Market - Global Outlook and Forecast 2019-2024

Heat Gun Market - Global Outlook and Forecast 2019-2024

  • $ 3500
  • November 2019

The global heat gun market is expected to grow at a CAGR of over 5% during the forecast period 2018?2024.Increasing industrialization across the world and the growing application of power tools in households ...

IDC FutureScape: Worldwide Mining 2020 Predictions

IDC FutureScape: Worldwide Mining 2020 Predictions

  • $ 4500
  • October 2019

This IDC study contains the outlook of IDC Energy Insights' analyst team for the worldwide mining industry for 2020-2025. The outlook is presented through the lens of the 10 predictions that make up, in ...

Analysis of Global Mining Chemicals Market, Forecast to 2025

Analysis of Global Mining Chemicals Market, Forecast to 2025

  • $ 4950
  • October 2019

Grinding aids, flocculants, mining collectors, solvent extractants, and frothers are the key mining chemicals used in mineral processing of ores of various minerals which are mined worldwide.Ore processing ...

Global Mining Automation Industry $ 4950 October 2019


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on