DTH Hammer Bits Market is projected to grow with a CAGR of 2.1% during the forecast period of 2018 to 2025. In 2017, the convex type DTH hammer segment generated the highest revenue share of the global DTH hammer bits market.
DTH, a down-the-hole drill is basically a jackhammer that is attached at the bottom of a drill string. The DTH hammer is the fastest way among others, to drill various types of rocks varying from soft limestone to hard granite. The benefits that DTH has brought to the industry are humongous. The DTH system has completely revolutionized the blast-hole industry. DTH hammer bits are extensively used in the mining industry, oil & gas industry, water-well industry and geothermal industry.
The constant advancements and improvisations in the technologies and the swift increase in infrastructural development projects have influenced the demand for Global DTH hammer bits, driving the market growth. In addition to this, increment in construction fields, intense competition, technological advancements, the swift rise in urbanization and the significant increase in the disposable income of people is likely to stimulate the demand pace of DTH hammer bits market in the near future. However, lack of awareness and technical skills coupled with environmental issues might hamper the growth of DTH hammer bits market. On the other hand, the expanding interest of investors, government funding, and the rising trend of automation might act as a future opportunity for the positive growth of the market in the years to come.
DTH HAMMER BITS MARKET DETERMINANTS-IMPACT ANALYSIS, 2016 Vs. 2022
The global DTH hammer bits market is segmented on the basis of type, application and Geography. By type, the market is segmented as concave face, convex face, flat face and others. On the basis of application, the market is bifurcated as oil & gas, construction, water-well drilling, mining and others. Geographically, the market is segmented into North America, Europe, China, India, South- East Asia and Japan.
GLOBAL DTH HAMMER BITS MARKET SIZE AND GROWTH RATE, 2017-2022
Some major players active in the market are Sandvik, Atlas copco, Borat Lonyear, Mincon, Rockmore, Halco Rock Tools, Bulroc, Drill King, Center Rock, Numa, WooKE and others.
DTH HAMMER BITS MARKET SEGMENTATION
• Mining Industry
• Waterwell Drilling
• Oil & Gas Industry
• North America
• South East Asia
• Rest of World
DTH HAMMER BITS MARKET KEY PLAYERS
• Atlas Copco
• Borat Longyear
• Halco Rock Tools
• Drill King
• Center Rock