Global Market Study on Diamond Core Drilling in Construction: A Paradigm Shift Away from Conventional Equipment Promises New Opportunities


Diamond Core Drilling In Construction  Market
  • Published On : Oct-2019 |
  • Pages : 190 Pages |
  • Format : PPT PDF Excel Word

Diamond core drilling, a power tool that uses a rotary diamond drill which is attached to a machine to create precise holes in the wall, has been gaining increasing application in the construction industry. Regarded as the hardest cutting material in the world, diamond drill bits are used to create openings in a range of materials including metal as well as in wet concrete and dry concrete. PMR’s report exclusively focuses on sales of new diamond core drilling equipment for the construction industry.

Recording a CAGR of ~8% during the forecast period of 2019-2029, the global market for diamond core drilling in construction is estimated to reach a value of ~US$ 990 Mn by 2029-end.

global diamond core drilling in construction market

Gains Underpinned by Significant Advances in Construction Activities

A prolific increase in the population is indirectly shaping the construction industry across the globe. In recent times, diamond core drilling in construction has been increasingly used to make holes in the floors, walls, and others, which safely solves various challenges, saves on labor costs, and ensure structure stability. Rapid renovations and repair of existing structures further remains promising for the growth of the global market for diamond core drilling in construction.

The construction of multi-story buildings has led to increase in the adoption of diamond core drilling tools of 100 mm dia and 250 mm dia. Such diameter range remains preferred among the end users, as they allow to drill an accurate hole on dry concrete as well as wet concrete.

Diamond Core Drilling in Construction over Conventional Equipment – The Shift is Underway

Diamond core drilling tools for construction industry offer various advantages over traditional tools such as the chisel, hammer, drilling tools, etc. These conventional tools require more time to make a single hole in the wall as well as an increased number of workforce to operate. For single holes, the conventional tools may be successful to an extent. However, they are likely to blur the design and dimension of walls.

On the contrary, the diamond core drilling tools can drill single as well as a bunch of holes in relatively less time without affecting the aesthetic appearance of walls or roof. Additionally, these tools can drill at any angle with the same efficiency as that of horizontal drilling, and the result is likely to influence the global market growth for diamond core drilling in construction.

Opportunities Abound in Europe and East Asia

The value of global construction industry is projected to reach nearly US$ 10 trillion by the end of 2020. Interestingly, East Asia and Europe cumulatively hold a noteworthy share in the same. Furthermore, global construction spending is estimated at US$ 9 trillion in which North America is expected to account for a 15% share. Growth in the residential sector coupled with the ongoing infrastructure investments is creating significant business opportunities in the diamond core drilling in construction landscape.

The South Asian market for diamond core drilling in construction is expected to grow ~8% annually through 2029, owing to increasing number of trade association with foreign countries. For instance, in 2018, India signed “Ashgabat Agreement” in order to easily export products to Europe and North America.

Growth prospects of the market for diamond core drilling in construction are further expected to increase in Middle East & Africa, owing to increasing investments in infrastructural development, especially in GCC countries.

Diamond Core Drilling in Construction: Market Structure Analysis

The global market for diamond core drilling in construction show a fair level of consolidation, with presence of limited number of players. Leading players are continuously focusing on new product launches and business expansion through collaborations and M&A activities to achieve stronger global footprint and maintain supremacy in the market.

  • For instance, in February 2018, Hilti Corporation completed its strategic partnership with Fieldwire, to leverage digital and hardware technology, driving productivity on construction sites.

Key stakeholders are also investing hefty sums of money in developing countries in order to create their brand image and to pave the path for business development.

  • In 2018, Robert Bosch GmbH invested more than US$ 112.3 Mn in an Indian manufacturing unit and other locations in Asia Pacific to develop the business of mobility solutions, and safety & security services.

Analyst’s Viewpoint

Countries such as China, the U.S., Indonesia, and India are likely to offer greater opportunities for stakeholders operating in the global market for diamond core drilling in construction. Pricing pressure has been compelling manufacturers to lower the price of their products to sustain sales and target a large section of end users.

Global Diamond Core Drilling in Construction Market - Scope of the Report

Persistence Market Research recently published a research study on the diamond core drilling in construction market, which includes the global industry analysis 2014-2018 and forecast 2019-2029. It offers a detailed value-volume analysis of the diamond core drilling in construction market, along with insights via BPS analysis in (US$ Mn), market attractiveness analysis, and Y-o-Y growth on the basis of operation, drilling technique, and region. The volume analysis of the diamond core drilling in construction market has been considered in units (number of diamond core drilling in constructions), and data has been provided for the historical period ranging from 2014-2018 and forecasted period up to 2029 with 2018 as the base year.

In addition to the quantitative analysis provided by market size estimates and growth trends, the report on the global diamond core drilling in construction market also provides qualitative analysis in the shape of market dynamics, such as drivers, restraints, trends, opportunities, forecast factors, macroeconomic factors, key success factors, market definition, value chain, and other factors that influence and impact the global diamond core drilling in construction market.

The report on the global diamond core drilling in construction market aims at providing insights about the market size and its associated development for interested stakeholders. Marketing and business intelligence has been facilitated through information based on the competition landscape, business strategies, key demand-side trends, technology development, and a list of market participants with relevant information on diamond core drilling in construction. PMR has not only presented the research findings, but also added suitable recommendations and market dynamics that can be helpful for market entry, business development, and sustenance in the diamond core drilling in construction market.

Key Segments of the Global Diamond Core Drilling in Construction Market

PMR’s study on the global diamond core drilling in construction market is divided into three significant segments by operation, drilling technique, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Operation

Drilling Technique

By Region

  • Hand Held
  • Rig Operated
  • Stitch Drilling
  • Underwater Diamond Drilling

 

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa
  • Emerging Countries

The diamond core drilling in construction market report provides significant information pertaining to the abovementioned segments in the global diamond core drilling in construction market. The final part in the market background is included in the forecast factors, which includes the study of factors that are expected to have an impact on the diamond core drilling in construction market. These factors include demand for forestry products, technology adoption, and other key insights about the diamond core drilling in construction market.

A section dedicated to the pricing analysis of diamond core drilling in construction has been provided on the basis of log diameter on regional fronts, whose weighted average selling price has been computed to arrive at the global average prices. This pricing analysis provides pricing by each configuration. Assumptions and key considerations for the same have also been explained.

The following sections consist of the global diamond core drilling in construction market analysis by operation, drilling technique, and region/country. The overall analysis of the diamond core drilling in construction market begins with the overall global market assessment, followed by the analysis of numerous regions citing the macroeconomic environment of each particular region. Each regional section of the report contains qualitative data and quantitative aspects of the global diamond core drilling in construction market.

In the final section of the report, we have provided a competition analysis with the company market share analysis about diamond core drilling in construction, and the performance of manufacturers by tiers. In the competition dashboard section of the global diamond core drilling in construction market report, we have provided a dashboard view of prominent players, along with market share and their key business strategies. This helps clients understand the strategies deployed by market players and allows them to develop effective strategies accordingly.

Key Questions Answered in PMR’s Global Diamond Core Drilling in Construction Market Report

  • Which regions are expected to prevail as prominent markets over the foreseen years?
  • Which factors will be pivotal driving factors for spurring the demand for diamond core drilling in construction in global over the forecast period?
  • How current developments and technologies which will impact the global diamond core drilling in construction market?
  • How can market participants capture low-hanging opportunities in the global diamond core drilling in construction market in developed regions?
  • Who are the significant players in the global diamond core drilling in construction market?
  • What are the crucial strategies of prominent participants in the global diamond core drilling in construction market to upscale their position in this landscape?

Global Diamond Core Drilling in Construction Market: Research Methodology

The first stage of the research includes the formulation of a primary hypothesis, which was gathered from primary as well as secondary approaches. The subsequent stage involves the triangulation of data collected from two different approaches.

For the final data analysis of the diamond core drilling in construction market, we have considered 2018 as the base year and basic data was collected from public sources as well as sources such as company annual reports, investor presentations & press releases, World Bank statistics on revenue sales, newsletters, published reports on the public domain, industry association reports, and paid databases on finance and corporate information. The collated data from these sources was further validated from diamond core drilling in construction manufacturers, distributors, end-user procurement agencies, and regional representatives.

For the market estimation, we have considered both demand-side as well as supply-side drivers and trends. The historical data includes data for the period of 2014-2018 and forecast estimation for the period of 2019-2029. Our team has considered diamond core drilling in construction technology developments, market trends, and strategic developments, among manufacturers of diamond core drilling in construction. The forecast presented in the global diamond core drilling in construction market report evaluates the actual market size (US$ Mn) in 2018 with regard to the product (diamond core drilling in construction), and the expected market value in the global diamond core drilling in construction market over the forecast period. Moreover, the report shows the market attractiveness in the next ten years. This market attractiveness value help clients identify real opportunities in the global diamond core drilling in construction market.

Furthermore, our team also considers mandated industry standards and regulations of diamond core drilling in construction for every region, which are approximately the same as power tools. Furthermore, to analyse the market share and competition analysis, we have tracked some of the key company developments such as collaborations, expansions, mergers & acquisitions, product launches, awards, and recognition. For market share and tier analysis based on key and regional players in the diamond core drilling in construction market, we have collected data from the annual reports published by manufacturers of diamond core drilling in construction and estimated the market share of players based on the distribution of products at a regional level. Competition benchmarking has been provided for the top nine competitors with respect to the sales performance of diamond core drilling in construction.

Company Profiles:

  • Hilti Corporation 
  • Atlas Copco (India) Ltd. 
  • WEKA Elektrowerkzeuge KG
  • Robert Bosch GmbH
  • Elektrowerkzeuge GmbH Eibenstock
  • Milwaukee Tool
  • Husqvarna AB
  • Husqvarna AB
  • Controls S.p.A.
  • KERN-DEUDIAM Diamantwerkzeuge und Maschinen GmbH
  • Shibuya Company, Ltd.
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