DTH
hammer is recognized as Down-the-Hole hammer. DTH hammer bits are screws
attached to DTH hammers, which are used to drill holes through several rocks
and associated materials. These bits are basically a small jackhammer screwed
to the bottom of a drill string. The bits are made of numerous grades of
tungsten carbide and are strong enough to break various kinds of rocks. The
bits are available in various sizes from 2” to 36”, with all shanks, multiple
head or face design and with numerous tungsten carbide styles to suit a huge
variety of drilling conditions. The rate of penetration and bit life are the
most vital criteria in selecting the right bit for particular application.
According
to study, “Global DTH Hammer Bits Market 2019
by Manufacturers, Regions, Type and Application, Forecast to 2024”
the key companies operating in the global DTH hammer bits market are Borat
Lonyear, Sandvik AB, Halco Rock Tools, Atlas copco, Rockmore, Mincon Group
Plc., Center Rock Inc., Bulroc, Givens International Drilling Supplies, Inc.,
Wooke, Drill King International L.P., Heijingang, Numa Tool Company, SF
Diamond, Jentech Drilling Supplies, Top Drill Hammer & Bits, EDM, Prodrill
Equipment, Teamwhole, Yikuang, SPM, Sanshan, HaoQuan, Shihua.
Based
on product type, DTH hammer bits market is segmented into concave bits, flat
face bits, convex bits and hybrid bits. The concave bit design provides good
stability during drilling while convex product design is suitable for most
drilling applications, abrasive rock to provide a combination of speed and good
service life. Based on shape, market is segmented into ballistic and dome or
spherical shape. In addition, based on end-user industry, market is segmented
into construction industry, waterwell drilling, mining industry, oil & gas
industry and others. The construction industry segment is anticipated to
witness fastest growth rate due to rise in number of new buildings &
skyscrapers during the forecast period.
The
DTH hammer bits market is driven by increase in construction sector
expenditures, followed by growth in adoption of DTH hammer bits, presence of
prominent players, rise in energy demands and increase in demand for geothermal
resources for district heating systems, geothermal heat pumps and electricity
generation power plants. However, lack of awareness & technical skills
coupled with environmental issues may impact the market. Moreover, increase in
interest of investors, rise in trend of automation and surge in government
funding are key opportunities for market.
Based
on geography, the European and North-American regions hold major share in DTH
hammer bits market owing to more-intense competition, increase in number of new
residential & corporate building and rise in launches in introducing new
products in the regions. The Asian-Pacific region is projected to witness
higher growth rate due to rise in urbanization & significant increase in
the disposable income of people, growth in spending on oil & gas industry,
mining, retrofitting over the forecast period. It is estimated that future of
the market will be bright on account of growth in renovation of old
technologies and constant improvisation and technical advancement in
infrastructure development projects during the forecast period. The global
market is likely to grow at a CAGR of approximately 0.6% over the next five
years, will reach US $1080 million in 2024, from US $1050 million in 2019.
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