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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Air Core Drilling Market Outlook

The global air core drilling market stood at a value of around USD 1.22 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.40% to reach USD 1.96 billion by 2032.

Global Air Core Drilling Market

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Increased Utilisation of Dust Drilling to Aid the Global Air Core Drilling Industry

Based on application, the dust drilling segment occupies a significant share in the industry. Dust drilling is a cost-effective technique, providing an ideal environment for the use of air hammers. Dust drilling does not require any fluid system for clean-up and extends the drill bit life. Apart from being the least expensive type of air drilling, the process offers a maximum penetration rate. However, this technique cannot effectively handle wellbore fluid influxes, requiring the need to switch to mist or foam drilling in the presence of water.

North America Accounts for a Significant Share in the Market

The air core drilling industry in North America is driven by the expansion of various end use industries, including  construction, oil and gas, and others. The rising demand for energy is leading to the growth of the oil and gas industry in the region, thereby propelling the market. Furthermore, the presence of advanced technologies and the thriving construction sector in the United States and Canada are anticipated to augment the market growth in the region over the forecast period.

Air Core Drilling: Market Segmentation

Air core drilling is defined as the process of penetrating the earth for the purpose of extracting minerals and resources. Usually, hardened steel and tungsten blades are used in this technique. In favourable climate conditions, air core drilling can reach up to 300 metres inside the earth.

Global Air Core Drilling Market by Segment

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Based on application, the market can be segmented into:

  • Dust Drilling
  • Mist Drilling
  • Foam Drilling
  • Aerated Fluid Drilling
  • Nitrogen Membrane Drilling

The major end uses of air core drilling include:

  • Oil and Gas
  • Mining
  • Construction
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Air Core Drilling Market by Region

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Rising Application of Air Core Drilling in the Construction Sector to Boost the Growth of the Air Core Drilling Industry

The rising application of air core drilling in the construction sector is driving the market. Air core drilling is an important process in the construction industry for investigating and removing chemical and radioactive wastes from the surface and for making a surface barrier to stop the diffusion of contamination. Hence, the rising investments in residential and commercial construction projects in emerging economies are likely to propel the market in the forecast period. Moreover, the growing mining activities in various nations owing to the rising demand for fossil fuels and other resources to carry out industrial processes are anticipated to boost the market growth in the forecast period.

Key Industry Players in the Global Air Core Drilling Market

The report gives a detailed analysis of the following key players in the global air core drilling market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Bostech Drilling Australia Pty Ltd 
  • Geodrill Limited
  • Schlumberger Limited
  • Halliburton Company
  • Brown Bros Drilling
  • Master Drilling Group Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • End Use
  • Region
Breakup by Application
  • Dust Drilling
  • Mist Drilling
  • Foam Drilling
  • Aerated Fluid Drilling
  • Nitrogen Membrane Drilling
Breakup by End Use
  • Oil and Gas
  • Mining
  • Construction
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bostech Drilling Australia Pty Ltd 
  • Geodrill Limited
  • Schlumberger Limited
  • Halliburton Company
  • Brown Bros Drilling
  • Master Drilling Group Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global air core drilling market attained a value of nearly USD 1.22 billion.

The market is estimated to grow at a CAGR of 5.40% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.96 billion by 2032.

The major drivers of the market include the rising applications of air core drilling in various end use industries, rising investments in the commercial construction projects, and the rapid industrialisation and urbanisation.

The shift from using heavy machinery to air core drilling for greater convenience is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Dust drilling, mist drilling, foam drilling, aerated fluid drilling, and nitrogen membrane drilling are the major applications of the product included in the market report.

Oil and gas, mining, and construction, among others are the different end uses of the product.

The major players in the industry are Bostech Drilling Australia Pty Ltd, Geodrill Limited, Schlumberger Limited, Halliburton Company, Brown Bros Drilling, and Master Drilling Group Ltd., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124