How PBI/Gordon Companies leveraged our Sirolimus API Market report
VM Intelligence · Sample preview · Construction and Manufacturing · Forecast 2027–2033
Mining Drills Market
- By Drill Type: Rotary Drills, Percussion Drills, Top Hammer Drills, Down-the-Hole (DTH) Drills, Diamond Core Drills
- By Application: Surface Mining, Underground Mining, Exploration Drilling, Blast Hole Drilling, Geotechnical Drilling
- By Power Source: Diesel-Powered Drills, Electric-Powered Drills, Hydraulic-Powered Drills
- By End-User Industry: Metal Mining, Coal Mining, Construction and Quarrying, Oil and Gas Exploration
- By Mobility Type: Truck-Mounted Drills, Crawler-Mounted Drills, Stationary Drills, Track-Mounted Drills
Key Highlights
A snapshot of what the full report proves- 01 Market size - $X,XXX.XM global market in 2025 - the verified base-year revenue. Executive Summary →
- 02 Forecast - Full 2033 market projection modelled inside - unlock the forecast value to see where the market lands. Market Outlook →
- 03 Growth - Year-by-year CAGR across 2027–2033 - unlock the growth rate and the full model. Market Outlook →
- 04 Leading segment - Rotary Drills leads By Drill Type at XX% share. Market, by Service Type →
- 05 Global coverage - Sized across 5 regions and 20 countries, each broken out by segment. Market, by Geography →
- 06 Competitive landscape - 16 companies profiled with SWOT, benchmarking and market-share analysis. Company Profiles →
Inside the Report
12 chapters · 298 pages- 01 Introduction Definition, segmentation & scope p.12 →
- 02 Research Methodology How the numbers were built p.20 →
- 03 Executive Summary The market in one chapter p.34 →
- 04 Market Outlook Drivers, restraints, trends p.66 →
- 11 Competitive Landscape 5 sections p.179 →
- 12 Company Profiles 16 players: SWOT & benchmarking p.187 →
Full report · locked preview
Everything inside the Mining Drills Market report
A complete, evidence-based study - 12 chapters and 125 sections covering market size, segmentation across 5 axes, regional analysis and 16 company profiles, forecast to 2033.
Segmentation covered
Drill Type 5
Application 5
Power Source 3
End-User Industry 4
Mobility Type 4
Companies profiled
Sandvik AB
Epiroc AB
Caterpillar Inc.
Komatsu Ltd.
Atlas Copco AB
Joy Global Inc. (now part of Komatsu)
Boart Longyear Ltd.
Furukawa Rock Drill Co. Ltd.
Herrenknecht AG
Dando Drilling International
Normet Group
Casagrande Group
+4 more
Verified · Analyst-reviewed · No payment to preview
Trusted & certified by
★★★★★ Excellent
★★★★★ Excellent
16 players profiled - tiered by revenue contribution, footprint and R&D capability.
ACE Matrix · p.153 →Sandvik AB
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.155 →Epiroc AB
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.160 →Caterpillar Inc.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.166 →Komatsu Ltd.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.173 →Atlas Copco AB
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.178 →Joy Global Inc. (now part of Komatsu)
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.184 →Boart Longyear Ltd.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.191 →Furukawa Rock Drill Co. Ltd.
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.196 →Herrenknecht AG
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.202 →Dando Drilling International
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking · Segment breakdown
Full profile · p.209 →Normet Group
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.214 →Casagrande Group
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.220 →Soilmec S.p.A.
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.227 →Geosense Ltd.
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.232 →Schramm
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.238 →Inc.
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.245 →Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Global · 2025–2033
$8,039M by 2033 · 11.5% CAGR
Market estimates & forecast (USD Million)
Fig. 15 · p.34 →Segment mix, 2033 (% share)
Fig. 16 · p.35 →- Rotary Drills48.2
- Percussion Drills18.6
- Top Hammer Drills10.0
- Down-the-Hole (DTH) Drills9.0
- Diamond Core Drills14.3
Regions, 2025 → 2033 (USD Mn)
§6.1 · p.75 →North America$1,108M → $2,674M · 11.6%
Europe$772.5M → $1,920M · 12.1%
Asia Pacific$705.3M → $1,704M · 11.7%
Latin America$436.6M → $1,071M · 11.9%
Middle East and Africa$335.8M → $805.2M · 11.6%
Top countries, 2033 (USD Mn)
§6.2 · p.78 →Year-over-year growth (%)
§3.12 · p.44 →11.482026
11.482027
11.502028
11.512029
11.542030
11.542031
11.552032
11.562033
CAGR by region (%)
Fig. 22 · p.71 →Market share by company, 2033 (%)
Fig. 41 · p.152 →- Sandvik AB12.8
- Epiroc AB18.5
- Caterpillar Inc.7.6
- Komatsu Ltd.14.1
- Atlas Copco AB5.5
- Joy Global Inc. (now part of Komatsu)13.5
- Others28.0
Segment contribution to growth (%)
Fig. 18 · p.39 →Drill Type14.4%
Application12.1%
Power Source23.4%
End-User Industry14.5%
Mobility Type35.6%
Competitive positioning (ACE matrix)
Fig. 40 · p.153 →Adoption & penetration (% of addressable)
Fig. 12 · p.31 →Revenue by application (USD Mn)
§5.3 · p.62 →Demand by end-use (USD Mn)
§5.4 · p.66 →Average selling price trend (index, 2025=100)
Fig. 27 · p.58 →Top companies by revenue, 2033 (USD Mn)
Fig. 42 · p.155 →Revenue by region, 2033 (%)
Fig. 20 · p.70 →- North America32.7
- Europe23.5
- Asia Pacific20.8
- Latin America13.1
- Middle East and Africa9.9
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
8 players benchmarked across 6 dimensions — scored 0–100 from share, portfolio, reach, innovation, financials and installed base. Methodology · §8.1 · p.160 →
Competitive scorecard (score 0–100)
Table 31 · p.161 →| Company | Market share | Product portfolio | Geographic reach | Innovation & R&D | Financial strength | Customer base | Composite |
|---|---|---|---|---|---|---|---|
| Sandvik AB | 92 | 75 | 81 | 89 | 87 | 96 | 87 |
| Epiroc AB | 76 | 77 | 87 | 72 | 88 | 82 | 80 |
| Caterpillar Inc. | 76 | 70 | 79 | 63 | 74 | 75 | 73 |
| Komatsu Ltd. | 70 | 78 | 80 | 58 | 73 | 66 | 71 |
| Atlas Copco AB | 76 | 71 | 73 | 53 | 53 | 67 | 66 |
| Joy Global Inc. (now part of Komatsu) | 67 | 56 | 62 | 71 | 66 | 48 | 62 |
| Boart Longyear Ltd. | 43 | 42 | 54 | 62 | 65 | 41 | 51 |
| Furukawa Rock Drill Co. Ltd. | 43 | 38 | 49 | 56 | 38 | 59 | 47 |
Vendor positioning (presence × innovation)
Fig. 43 · p.163 →Strengths profile (top 3 players)
Fig. 44 · p.165 →- Sandvik AB
- Epiroc AB
- Caterpillar Inc.
Capability coverage
§8.3 · p.168 →| Company | Global delivery | R&D depth | Digital platform | Sustainability | After-sales | Custom solutions |
|---|---|---|---|---|---|---|
| Sandvik AB | ◐ | ✓ | ◐ | ✓ | ✓ | ✓ |
| Epiroc AB | ◐ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Caterpillar Inc. | ✓ | ◐ | ✓ | ◐ | ✓ | ◐ |
| Komatsu Ltd. | ◐ | ✓ | ✓ | ◐ | ✓ | − |
| Atlas Copco AB | ✓ | ✓ | ✓ | − | ◐ | − |
| Joy Global Inc. (now part of Komatsu) | ◐ | ◐ | ◐ | ✓ | − | ◐ |
| Boart Longyear Ltd. | − | − | ◐ | ◐ | − | − |
| Furukawa Rock Drill Co. Ltd. | − | − | − | ◐ | − | − |
✓ Full ◐ Partial − Limited
Overall competitive index (composite, ranked)
Fig. 45 · p.170 →1Sandvik AB87
2Epiroc AB80
3Caterpillar Inc.73
4Komatsu Ltd.71
5Atlas Copco AB66
6Joy Global Inc. (now part of Komatsu)62
7Boart Longyear Ltd.51
8Furukawa Rock Drill Co. Ltd.47
Competitive tiers
§8.4 · p.172 →Leader2
Set the pace on share, breadth and innovation.
Sandvik ABEpiroc AB
Challenger2
Strong scale, closing on the leaders.
Caterpillar Inc.Komatsu Ltd.
Contender2
Focused players with pockets of strength.
Atlas Copco ABJoy Global Inc. (now part of Komatsu)
Niche2
Specialists in a single segment or region.
Boart Longyear Ltd.Furukawa Rock Drill Co. Ltd.
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Go-to-market strategy
Land Drill Type in North America, then scale across Mining Drills Market — a $235M beachhead inside a $3.75B market.
Beachhead (SOM)$235Mobtainable near-term
Serviceable (SAM)$1.30Breachable market
Primary motionPartner-led + digitalgo-to-market
Time to scale5 Qto full motion
Ideal customer profile (who to sell to)
§GTM 1 · p.190 →Champion89 fit
Rotary Drills
Best fit — highest urgency & budget in Drill Type.
Economic buyer77 fit
Percussion Drills
Strong fit — clear ROI and a fast path to value.
End user68 fit
Top Hammer Drills
Emerging fit — growing demand, longer sales cycle.
Market-entry sequence (beachhead → scale)
Fig. GTM 1 · p.192 →Beachhead · 2025–2026
Win Drill Type in North America
Concentrated ICP, fastest proof and references.
Expand · 2026–2028
Add Application & next regions
Repeat the motion in adjacent, look-alike segments.
Scale · 2028–2033
Full-market coverage + Power Source
Multi-channel, platform & ecosystem plays.
Channel mix (routes to market)
§GTM 3 · p.195 →Direct sales43%
Partner / channel28%
Digital / self-serve19%
Marketplaces9%
Positioning & messaging
§GTM 2 · p.194 →For Drill Type leaders who need defensible market intelligence, VM Intelligence is the fastest, source-cited way to size, segment and win Mining Drills Market — unlike generic, static research.
Live & source-cited
Every figure triangulated from 600K+ sources and traceable.
Ready in minutes
A full, tailored report compiled on demand — not weeks.
Scope you control
Pick the chapters, regions and companies that matter.
GTM funnel & unit economics (conversion · CAC / LTV)
Fig. GTM 2 · p.198 →Awareness100%
Marketing qualified38%
Sales qualified21%
Evaluation12%
Closed-won8%
$13.4KCAC
$72KLTV
5.3:1LTV : CAC
< 3 moCAC payback
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Investment thesis
Mining Drills Market is a durable-growth opportunity — $9.54B by 2033, compounding at 7.2%.
TAM · 2025$5.46Btoday
TAM · 2033$9.54Bforecast
CAGR7.2%2027–2033
Cumulative$66.0Brevenue opportunity
Market opportunity (TAM · SAM · SOM)
Fig. 3 · p.14 →TAM$9.54BTotal addressable market
SAM$3.68BServiceable available market
SOM$592MServiceable obtainable market
Growth trajectory (USD Million)
Fig. 4 · p.16 →Why invest now
§2.1 · p.10 →7.2% CAGR
Demand compounds through 2033, outpacing GDP across Drill Type.
Global tailwinds
North America leads today; fastest gains coming from emerging regions.
Structural shift
Adoption in Drill Type moving from early to mainstream — durable secular demand.
Consolidation upside
16+ players, no runaway leader — room to build scale and roll up share.
Investment highlights
§2.2 · p.12 →$9.54BLarge & growingTAM by 2033 at 7.2% CAGR
$3.68BServiceable nowreachable with today’s model
$592MBeachhead winobtainable near-term share
16+Fragmented fieldplayers — consolidation runway
Return scenarios (2033 market value)
Fig. 6 · p.22 →$7.44BBear4.7% CAGR
$9.54BBase7.2% CAGR
$12.2BBull9.5% CAGR
Key risks & mitigants
§9.1 · p.180 →- Input-cost volatilityLong-term supply contracts & hedging
- Regulatory / policy shiftsDiversified exposure across 5 regions
- Technology disruptionR&D pipeline & Application optionality
- Customer concentrationBroaden installed base beyond top accounts
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Board pack · executive summary
Mining Drills Market — a $6.43B market by 2033. Plan: grow share from 10.3% to 18.7%.
Market size · 2033$6.43Btotal addressable
Market CAGR5.1%2027–2033
Target share18.7%from 10.3% today
Revenue ambition$1.20Bby 2033
Strategic scorecard (current vs 2033 target)
Table 1 · p.6 →| Objective | Current | Target · 2033 | Status |
|---|---|---|---|
| Market share | 10.3% | 18.7% | At risk |
| Revenue | $679M | $1.20B | At risk |
| Geographic coverage | 2 of 5 regions | 5 of 5 regions | On track |
| Segment coverage | 3 of 5 axes | 5 of 5 axes | On track |
| Gross margin | 35.8% | 42.5% | At risk |
| Customer retention | 90.2% | 92.0% | On track |
Where to play (strategic priorities)
§1.2 · p.8 →1
Lead segment
Win in Drill Type
Largest revenue pool and fastest secular demand — concentrate to build share here first.
2
Geographic
Expand across North America & beyond
Deepen the leading region, then scale into the fastest-growing emerging markets.
3
Adjacency
Build Application capability
A defensible second engine — invest in Application to widen the moat and cross-sell.
Strategic roadmap (2025–2033)
Fig. 1 · p.10 →Phase 1 · Foundation
2025–2027
- Secure core Drill Type share
- Fix unit economics
- Stand up data & ops
Phase 2 · Scale
2028–2030
- Enter new regions
- Launch Application
- Selective M&A
Phase 3 · Lead
2031–2033
- Category leadership
- Premium mix & margin
- Platform & ecosystem
Board decisions & asks
§1.4 · p.14 →- Approve $147M capacity & capability investment
- Greenlight bolt-on M&A in Application
- Authorise North America expansion plan
- Fund R&D program for Drill Type leadership
Risk watchlist (RAG)
§9 · p.180 →- Demand / macro slowdownOn track
- Competitive share lossBehind
- Input-cost & supply riskAt risk
- Regulatory / policy changeAt risk
- Execution & talentBehind
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Sales deck · value proposition
Win the Mining Drills Market conversation — a $7.63B market you can size, segment and defend in minutes.
Market size · 2033$7.63Btotal opportunity
Growth9.3%CAGR to 2033
Addressable buyers1,275+accounts in scope
Typical ROI5.3×in year one
Who buys (target personas)
§1.1 · p.4 →Product / BU leader
Head of Drill Type
Goal Grow share in Drill Type
Pain Blind spots on demand, pricing & competitors.
Regional GM
North America lead
Goal Prioritise the right markets
Pain No granular, country-level view of the market.
M&A / strategy
Strategy & Corp Dev
Goal Find where to invest or acquire
Pain Slow, inconsistent third-party research.
From pain to solution
§1.2 · p.6 →Decisions made on stale, generic dataLive, source-cited figures, continuously updated
Weeks waiting on a research vendorA full report compiled in minutes
No view of competitors or whitespaceCompany profiles, ACE matrix & benchmarking
Hard to defend the numbers internallyEvery figure traceable to its original source
The business case (ROI)
Fig. 2 · p.9 →5.3×return on cost, year one
< 3 mopayback period
$94K+research cost avoided
10×faster than a custom study
Time to insight
Cost to run
Risk of a wrong call
Why buyers trust it (proof points)
§1.3 · p.12 →600K+source studies indexed
100%analyst-reviewed
16+players profiled in this market
Coverage includes
Sandvik ABEpiroc ABCaterpillar Inc.Komatsu Ltd.Atlas Copco ABJoy Global Inc. (now part of Komatsu)Boart Longyear Ltd.Furukawa Rock Drill Co. Ltd.+8 more
Objection handling
§1.4 · p.14 →“We already have market data.”
This triangulates 600K+ sources into one current, defensible view — not another silo.
“How do we know it’s accurate?”
Analyst-reviewed, and every figure is source-cited and traceable to its origin.
“It’s not in the budget.”
A fraction of a single analyst-day — and it pays back on the first decision it informs.
“We need it tailored to us.”
Choose the chapters, regions and companies before you build — you only pay for scope.
What you get (packages)
§1.5 · p.16 →Report
- Full multi-chapter report
- Market size, share & forecast
- Segment & regional breakdowns
- PDF + editable Excel + PPT
Most popular
Report + Add-ons
- Everything in Report
- Interactive Visualizer
- Competitive benchmarking
- Investor / board / sales decks
Enterprise
- Multiple reports & markets
- Team seats & sharing
- Analyst support & custom scope
- API / data-feed options
Almost there
Access your Mining Drills Market report
Sign in to unlock the full report - it’s compiled live and ready in minutes.
or continue with your email
Your report is ready to access
Mining Drills Market Report is ready
Verify your email to unlock it. We sent a 6-digit code to your inbox.
That code is invalid or expired. Please try again.
Trusted by strategy, finance & consulting teams
Related Reports
Construction and Manufacturing · scroll →HDPE Geocell Market
Market size, share, segmentation and regional forecast.
$2.0B market · 2025 base year
View reportHDPE Butt Welding Machine Market
Market size, share, segmentation and regional forecast.
$3.0B market · 2025 base year
View reportAutomatic Sliding Door Systems Market
Market size, share, segmentation and regional forecast.
$3.2B market · 2025 base year
View reportFour Way Reversing Valves Market
Market size, share, segmentation and regional forecast.
$6.2B market · 2025 base year
View reportHDG Steel Market
Market size, share, segmentation and regional forecast.
$5.6B market · 2025 base year
View reportNatural Stone Cladding Panels Market
Market size, share, segmentation and regional forecast.
$5.0B market · 2025 base year
View reportDamper Testing Equipment Market
Market size, share, segmentation and regional forecast.
$852M market · 2025 base year
View reportContinuous Casting Machines Market
Market size, share, segmentation and regional forecast.
$5.9B market · 2025 base year
View reportAir Damper Market
Market size, share, segmentation and regional forecast.
$356M market · 2025 base year
View reportH Beam Market
Market size, share, segmentation and regional forecast.
$3.2B market · 2025 base year
View reportHazardous Location Lighting Fixtures Market
Market size, share, segmentation and regional forecast.
$514M market · 2025 base year
View reportHazardous Location Air Conditioners Market
Market size, share, segmentation and regional forecast.
$3.9B market · 2025 base year
View reportThe showdown
Custom-built vs. off-the-shelf
Scroll to watch them go head-to-head
WinnerVMR Custom Report
- Tailored to your exact scope
- Delivered in minutes
- Live, always-current data
- Fully editable data (XLSX)
- You choose the companies
- Source-cited & traceable
Off-the-shelf PDF
- Generic, one-size template
- Waits 2–5 days
- A fixed snapshot in time
- Locked, flat PDF
- Preset company list
- Opaque sourcing
Customer Testimonials
Proof from industry leaders who rely on us
These stories come from the executives who depend on VMR’s intelligence for market entry, expansion, assessment, and planning. Their outcomes and experiences reflect our commitment to clarity.
600,000+source studies indexed
100%analyst-reviewed
Every figuresource-cited & traceable
In their words
Watch clients tell their story
How VMR helped University of Limerick with Anesthesia Monitoring Devices
How VMR helps brands expand into Africa & emerging markets
Unlock your GTM strategy: an Elsewedy Electric success story
Beyond sales data: layering NielsenIQ data to support strategy
How VMR became the trusted partner for United Alloy
Questions, answered
How is the research actually conducted?
Every report is compiled from VMR’s continuously-updated intelligence across 600,000+ source studies - primary interviews, company filings, trade data, and government & industry databases. Figures are triangulated across multiple credible sources, then reviewed by a research analyst before your report is delivered.
What exactly do I get inside the report?
A full multi-chapter study: market definition & methodology, executive summary, market outlook (drivers, restraints, trends, Porter’s Five Forces), segment deep-dives, regional & country breakdowns, competitive landscape, and a full profile for every company you select - with interactive charts and data tables throughout.
How accurate are the numbers, and can I trust them?
Market sizing is reconciled across leading sources (Gartner, BCG, MarketsandMarkets, government bodies and more), with outliers removed and a confidence-graded median used for the base year. Every figure is source-cited and traceable to its origin, and an analyst validates the model before delivery.
Can I customise the chapters, regions and companies?
Yes. Choose exactly the chapters, regions and countries, and the companies you want benchmarked before you build - then adjust your selection and recompile anytime from your account. You only pay for the scope you need.
What formats do I receive, and is the data editable?
Every report is readable online in full. Downloadable formats are available as optional $99 add-ons: a formatted PDF and a fully editable XLSX containing all underlying data tables - so you can re-chart, re-model, or drop any figure straight into your own deck.