Global $2.75 Bn Auger Drilling Markets, 2021-2026 - Growing Demand for Metals and Minerals & Technology Enhancement in the Auger Drilling - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Auger Drilling Market (2021-2026) by Type, Structure, Design, Mounting, End User, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Auger Drilling Market is estimated to be USD 1.8 Bn in 2021 and is expected to reach USD 2.75 Bn by 2026, growing at a CAGR of 8.85%.

Market Dynamics

The factors flourishing the market growth are increasing auger drilling machines because it offers a cost-effective and well-organized solution for drilling.

The cumulative infrastructure projects and fast growth of mines provide beneficial opportunities for the market player of the auger drilling market. The building of sewer lines and oil & gas pipelines are broad applications of the auger drilling market likely to boost the growth. Due to its low cost, auger drilling is widely utilized in the mining sector.

The unsafe work environment and limited skilled staff for auger drilling factors may hamper the market's growth if not taken care of. In addition, laws & guidelines in various established nations for worker's security in unsafe surroundings are anticipated to hinder market growth.

Some of the companies covered in this report are Sollami Company, Sysbohr GmbH, Terex Corporation, The Toro Company, Total Drilling Supply LLC, VidaXL International B.V..

Recent Development

• Auger Torque Launches 1-Ton Earth Drill For High-Torque Applications - 17th May 2021
• The Toro Company Announces New Underground Construction Business Strategy - 26th Sep 2019.

Market Segmentation

• By Type, the market is classified as handheld and machine. Amongst the two, the machine segment is estimated to hold the highest market share during the forecast period.
• By Structure, the market is classified as bucket augers and continuous flight augers. Amongst all, the bucket augers segment is estimated to hold the highest market share during the forecast period.
• By Design, the market is classified as double start and single start. Amongst the two, the double start segment is estimated to hold the highest market share during the forecast period.
• By Mounting, the market is classified as portable auger and truck-mounted auger. Amongst the two, the truck-mounted auger segment is estimated to hold the highest market share during the forecast period.
• By End User, the market is classified as agriculture, construction, industrial, and mining. Amongst all, the construction segment is estimated to hold the highest market share during the forecast period.
• By Application, the market is classified as drilling environmental test wells, foundation repair, soil sampling, and wood drill. Amongst all, the wood drill segment is estimated to hold the highest market share during the forecast period.
• By Geography, North America is projected to lead the market.

Market Influencers

Drivers

• Increasing Demand for Drilling and Boring
• Growing Demand for Metals and Minerals
• Technology Enhancement in the Auger Drilling

Restraints

• Long Time for Drilling
• Required to Handle Heavy Equipment

Opportunities

• Increasing Mining Activities in Asia-Pacific
• Developing New Technologies in Both Types of Augers

Challenges

• Environmental Hazards of Auger Drilling

Companies Mentioned

• Agromaster Agricultural Machinery
• American Drilling Corp, LLC
• Andreas Stihl AG & Company KG
• Auger Torque Europe Ltd
• Autoguide Equipment
• Barbco Inc
• Beijing Cortech Drilling Equipment Co. Ltd
• Bor-It Mfg. Co., Inc.
• Champion Equipment Company
• EMDE Industrie-Technik GmbH
• Herrenknecht AG
• Hyundai Power Equipment
• Jewett Construction Company
• Liebherr Group
• Little Beaver Inc.
• Makita Power Tools India Pvt. Ltd.
• Marl Technologies Inc.
• Premier Augers
• Prime Hitech Engineering Limited
• Sollami Company
• Sysbohr GmbH
• Terex Corporation
• The Toro Company
• Total Drilling Supply LLC
• VidaXL International B.V.

For more information about this report visit https://www.researchandmarkets.com/r/4re5b0