© 2016 Global Market Insights, Inc. USA. All Rights Reserved Borehole Equipment Market to grow at 5.5% CAGR over

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Increase in infrastructure spending due to positive economic growth will drive overall Borehole Equipment Market growth. Large scale infrastructure investment projects in Europe and MEA will influence industry demand.  High demand for boring and exploration along with growing developments in mining sector are key factors supporting market growth. Machine upgradation along with shifting mining companies focus towards maximum productivity will offer lucrative business opportunities in the coming years.  Increasing mineral extraction in the U.S., Venezuela, Indonesia, Nigeria, China, and Canada are among the major factor contributing product penetration. Rising onsite processing necessities coupled with huge untapped hydrocarbon reserves in Mexico are projected to propel borehole equipment market growth. Key Insights from Borehole Equipment Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America accounted for more than 30% of the industry share in Upcoming large-scale mining projects coupled with increase in construction of high- rise buildings in New York will positively influence the North America borehole equipment market growth.  Portable borehole equipment is projected to generate over USD 6 billion in revenue by Rising demand for mobile construction & mining equipment has enhanced the product demand. Benefits including easy transportability and performing task in remote locations are among the major influencing properties.  Hydraulic operations will witness growth over 6% up to High load carrying capacities along with accuracy and ease in controlling are key properties driving product demand. Supplying constant torque and force during the operation both in mining and infrastructure makes the product highly demanding. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Latest Research Report on Borehole Equipment Request for a sample of this research

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Mining will hold more than 60% of the industry share by Depletion of natural resources including minerals, coal and oil has encouraged the exploration, thus driving industry demand. Extensive excavation for geologically deposited substances, diamond, uranium and stones will propel the product demand in this segment.  Increased metal consumption including steel, aluminum, copper, nickel, lead, zinc and tin in several industries will propel the industry growth in APAC region. Strong demand for metal, particularly steel in numerous end-use industries including construction, energy, transport, packaging and appliances in emerging economies will stimulate business growth. Growing domestic demand for coal signifies a positive outlook for borehole equipment demand in China and India. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Borehole Equipment Market, By Product, 2016 & 2024 (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Bohrmeister (Pty) Ltd. Dando Drilling International Borehole Machinery Getech International. Global industry share is highly fragmented owing to the presence of many service providers. Major services provided by the company include core logging, well logging and mud logging. Boart Longyear, Major Drilling, Foraco, Energold and Orbit Garant are some of the dominating industry players. Heavy R&D investments and technological innovations are some of the strategies adopted by the service providers of the market. Major Companies in Borehole Equipment Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Europe accounted for over 15% of the industry share in Rapid urbanization in Germany, UK, France & Russia will propel the industry demand. As per analysis, urban population in UK is expected to surpass 80% by Urban population growth enhancing the construction will fuel regional industry growth.  Asia Pacific is the fastest growing region with CAGR over 6% up to Changing demographic trends including rapid growth in global population has enhanced the construction necessity. Regional Insights in Borehole Equipment Market:

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