Core Drill Market: Current Analysis and Forecast (2021-2027)

Core drilling is the process of drilling below the earth's surface to obtain a core of soil or rock sample in order to determine its properties. Core drilling is an important part of geotechnical site investigation that is carried out for the planning and construction of sub-surface structures such as tunnels and pipelines. Any construction project will inevitably require crews to core drill concrete. Core drilling is a fast, accurate and clean way to drill holes in concrete and is usually listed as a basic service by most concrete-cutting experts. As technology, machinery, and methods have steadily improved over time, the size and scope of what builders can create has rapidly accelerated. The world's largest projects under construction today span the globe, and even beyond. For instance: The construction sector is one of the largest in the world economy, with about EURO XX trillion spent on construction-related goods and services every year.

Based on product, the Core Drill Market is segmented into Hand-held Core Drill, Core Drill Rig. Currently, Hand-held Core Drill dominates the

market, however, Core Drill Rig is expected to witness highest CAGR growth during the forecast period.

Based on Bits type, Dry Core Bits, Wet Core Bits. Dry Core Bits is expected to witness significant growth during the analyzed period.

Based on Coating material, the market is bifurcated into Diamond Coated, Carbide Coated. Diamond Coated drilling tools owing to its hardness nature is expected to witness significant growth during coming years.

Based on Size, the market is segmented into Small Core drill, Medium-sized Core drill, Large Core drills. Residential end-user can use a small core drill at home, while a powerful, medium-sized drill can be used for buildings and mines. Large drills are usually used for the cutting of concrete on massive construction projects.

Based on application, the Core Drill Market is segmented into Residential, Building and Mines, Construction & Infrastructure. Currently, Construction & Infrastructure segment dominates the market and is expected to maintain its dominance through the forecast period.

For a better understanding of the market of the Core drill, the report is analyzed based on different regions including North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Rest of APAC), and Rest of World. 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.

Some of the major players operating in the market include Husqvarna AB, Hilti Corporation, Makita Corporation, Pentruder UK Ltd, Milwaukee Electric Tool Corporation, Tyrolit, B+Btec, WEKA Elektrowerkzeuge KG, Ramset, LISSMAC Maschinenbau etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.