What is the global market size of Construction Industry Core Drill Market?

Construction Industry Core Drill Market size was valued at USD 1079.8 million in 2021 and is poised to grow from USD 1120.83 million in 2022 to USD 1510.5 million by 2030, growing at a CAGR of 3.8% in the forecast period (2023-2030).

Global Construction Industry Core Drill Market Size, Share, Growth Analysis, By Type(Wet drill bit and Dry drill bit), By Application(Electricians and Plumbers) - Industry Forecast 2024-2031

Report ID: SQMIG20B2016 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 59 | Figures: 75

Global Construction Industry Core Drill Market Insights

Global Construction Industry Core Drill Market size was valued at USD 1.12 billion in 2022 and is poised to grow from USD 1.16 billion in 2023 to USD 1.60 billion by 2031, growing at a CAGR of 3.80% during the forecast period (2024-2031).

Increasing urbanization and construction across the globe are significant driving factors for the global construction industry core drill market growth. Urbanization and increasing demand for goods have increased the demand for new investments in infrastructure construction such as highways and underground construction. A core drill is a drill specifically designed to remove cylinders of material, such as holes. In developed countries, investments in infrastructure construction are increasing. The increasing demand for Tunnels and bridges, underground parking halls, underground municipal water treatment facilities, and oil storage that require special rock excavation and earth piling and underpinning increases the growth of the market. Construction and infrastructure investment increases the demand for minerals and rock materials. Excavation of foundations of buildings and excavation of road cuttings, piling, micro piling, and underpinning are drilling methods used in construction. Core drilling is a quick, and gentle method for drilling holes, and is generally noted as an essential service by most concrete-cutting specialists.

US Construction Industry Core Drill Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Construction Industry Core Drill Market Report Snapshots

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To understand the competitive landscape, we are analyzing key Construction Industry Core Drill Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Construction Industry Core Drill Market market. 'Hilti', 'Husqvarna AB', 'Tyrolit', 'Robert Bosch Tool Corporation', 'Atlas Copco', 'Makita Corporation', 'Pentruder AB', 'Weka Elektrowerkzeuge', 'Shinhan Diamond Industrial Co., Ltd.', 'Cedima', 'Diamond Products Limited', 'CS Unitec', 'Kor-it Inc.', 'Cardi Corporation', 'Dixie Diamond Manufacturing Inc.', 'Golz', 'Norton Clipper', 'Multiquip Inc.', 'Diamond Vantage', 'Typhoon Diamond Tools Inc.'

Increasing urbanization and construction across the globe are driving factors of growth of global construction industry core drill market. Core drills require low maintenance cost, can be easily handle. Drilling machines are highly portable, they can be moved from one place to another place. Rapid innovations and repair existing constructions increases the growth of global construction core drill market.

Major projects to drill exploratory wells for their mineral formations are providing huge growth opportunities to the core drilling market, such activities are expected to grow with increasing energy needs. For example: There are more than 65,000 oil and gas fields of all sizes in the world. Further, the construction market is expected to drive the core drilling market during the analysed period.

Global Construction Industry Core Drill Market is being analysed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, the UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analysed considering various micro and macro trends.

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Global Construction Industry Core Drill Market Size, Share, Growth Analysis, By Type(Wet drill bit and Dry drill bit), By Application(Electricians and Plumbers) - Industry Forecast 2024-2031

Global Construction Industry Core Drill Market Insights

Global Construction Industry Core Drill Market Report Snapshots

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