Portland, OR, March 05, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, . According to the report, the global rotary blasthole drilling rig market accounted for $2.60 billion 2017 and is expected to reach $3.49 billion by 2025, registering a CAGR of 3.7% during the period 2018–2025.
The market is segmented on the basis of type, application, and geography. Based on type, the market is divided into mid-range drilling rig, large-range drilling rig, and other. The large-range drilling rig segment held the largest share in 2017, contributing more than two-thirds of the market share. However, the mid-range drilling rig segment is expected to register the fastest CAGR of 4.1% during the forecast period.
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On the basis of application, the market is segmented into quarries, open-pit mining, and others. The quarries segment is projected to manifest the fastest CAGR of 3.9% during the forecast period. However, the open-pit mining segment accounted for about two-fifths of the total market in 2017.
Based on geography, the market is divided into North America, LAMEA, Asia-Pacific, and Europe. Moreover, the Asia-Pacific region dominated the market in terms of revenue in 2017, contributing nearly one-third of the total market share. However, LAMEA is projected to portray the fastest CAGR of 4.7% during the forecast period.
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The major market players are analyzed in the report, including BAUER, Epicor, Komatsu Ltd., Sandvick, Schramm, Sunward, Caterpiller- CAT, FURUKAWA, Nanchang Kama Co., Ltd., and Sinosteel HYMC.
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