지하 암반 굴착 장비 시장 : 기기 유형별, 조작 모드별, 기술별, 구멍 지름별, 심도 범위별, 용도별, 최종사용자 산업별, 유통 채널별 - 세계 예측(2026-2032년)

The Underground Rock Drilling Equipment Market was valued at USD 2.50 billion in 2025 and is projected to grow to USD 2.68 billion in 2026, with a CAGR of 7.82%, reaching USD 4.24 billion by 2032.

High-stakes introduction explaining how technological, operational, and regulatory forces are reshaping underground rock drilling equipment choices and strategic priorities

Underground rock drilling equipment sits at the intersection of heavy industry evolution and accelerating technological change, with stakeholders ranging from OEMs and rental houses to major mining operators and infrastructure contractors. Recent years have seen the convergence of electrification, automation, and digitalization, altering the ways equipment is specified, sold, maintained, and financed. As demand drivers shift with global infrastructure priorities and commodity cycles, operators increasingly prioritize equipment that delivers higher uptime, lower lifecycle costs, and improved environmental compliance.

This executive summary synthesizes actionable intelligence for senior leaders across manufacturing, procurement, and operations. It frames the competitive landscape, regulatory influences, and customer expectations shaping product roadmaps and go-to-market strategies. Rather than presenting isolated data points, the narrative connects operational realities-such as deep drilling requirements and aftermarket service economics-with strategic responses like modular designs, subscription-based service models, and partnerships for electrified drivetrains. The goal is to equip decision-makers with a concise, forward-looking perspective that supports investment choices and operational planning in a rapidly evolving sector.

Compelling overview of converging technological, operational, and commercial disruptions that are accelerating the modernization of underground rock drilling equipment

The landscape for underground rock drilling equipment is transforming through several concurrent shifts that are both technological and commercial in nature. Electrification of drive systems has progressed from experimental offerings to commercially viable platforms, driven by urban emissions regulation and the desire to lower onsite diesel usage. Alongside electrification, automation and machine-control systems have matured, enabling semi-automatic and fully automated operation modes that reduce operator variability and improve penetration rates in complex ground conditions. These advances are complemented by increasingly sophisticated sensor suites and data analytics, which enable predictive maintenance and condition-based servicing that minimize unplanned downtime.

Commercially, business models are evolving in response to customer demand for flexible acquisition and utilization strategies. Rental and subscription arrangements are growing in prominence, enabling contractors to match capacity to project cycles while shifting responsibility for maintenance back to suppliers. Aftermarket services and digital support offerings have become key differentiators, with extended warranties, remote diagnostics, and training services bundling value beyond the initial sale. Supply chain resiliency is another critical shift; firms are diversifying suppliers, nearshoring select components, and redesigning bill-of-materials to reduce exposure to single-source risks. Taken together, these shifts are recalibrating how equipment is developed, marketed, and serviced, creating a competitive environment where agility and integration of hardware and services matter as much as raw equipment performance.

In-depth analysis of how the 2025 United States tariff actions reshaped sourcing strategies, procurement behavior, and aftermarket dynamics across the underground drilling ecosystem

The introduction of new tariff measures in the United States in 2025 has had a meaningful, multi-dimensional effect on the underground rock drilling equipment landscape. Tariffs targeting select capital goods and components have increased landed costs for certain imported assemblies, prompting OEMs and tiered suppliers to reassess sourcing strategies and component standardization. In response, many manufacturers accelerated nearshoring and supplier diversification to mitigate cost volatility and delivery delays. This transition has required requalification of components and incremental engineering investment, which has influenced product launch timetables and pushed some vendors to emphasize service-led revenue while they reconfigure supply chains.

Contractors and rental firms felt the downstream impact through higher acquisition costs for specific imported configurations, which in turn elevated interest in rental models and refurbished units as short-term mitigations. Procurement teams have placed greater emphasis on total lifecycle cost analysis and supplier risk scoring, integrating tariff sensitivity into capital approval processes. Meanwhile, secondary markets for rebuilt and remanufactured equipment gained traction as operators sought cost-effective paths to maintain fleet capacity. The tariff environment also encouraged collaborations between manufacturers and local component producers to retain competitiveness, with many firms offering localized assembly or aftermarket support to preserve margin and customer relationships. Overall, the tariff environment catalyzed supply chain redesign, greater emphasis on localization, and a stronger market for flexible acquisition and service solutions.

Comprehensive segmentation insight linking equipment types, applications, operation modes, and distribution channels to product design, service strategy, and commercial priorities

A nuanced understanding of segmentation is essential to align product strategy and commercial motions with customer needs and operational contexts. Equipment Type segmentation differentiates Down The Hole Drills, Percussion Drills, Rotary Drills, and Top Hammer Drills, each with distinct performance envelopes and sub-variants across Electric, Hydraulic, and Pneumatic powertrains. The Down The Hole category includes electric, hydraulic, and pneumatic subtypes that are optimized for deep, high-penetration operations, while Percussion Drills available in electric and hydraulic configurations tend to be selected for rock fracturing and medium-depth applications. Rotary Drills provided in electric and hydraulic formats are typically deployed where continuous rotation and hole integrity are priorities, and Top Hammer Drills, offered across electric, hydraulic, and pneumatic platforms, deliver high-impact energy for surface and shallow depth drilling.

Application segmentation differentiates construction tasks such as foundation drilling, road construction, and tunneling from geotechnical exploration duties like rock sampling and soil sampling, as well as mining applications that span hard rock and soft rock extraction and well drilling in the oil and gas sector. End user industry segmentation distinguishes between primary buyers in construction, mining, oil and gas, and quarrying, each of which imposes different utilization cycles and maintenance expectations. Operation Mode segmentation divides the market into automatic, manual, and semi-automatic modes, reflecting the degree of machine autonomy and the corresponding need for operator training and remote support. Technology segmentation into electric, hydraulic, and pneumatic systems shapes considerations around energy infrastructure, emissions, and integration with site electrification. Bore Diameter and Depth Range segmentation-large, medium, and small bore options across deep, medium, and shallow depth ranges-inform mechanical design, powertrain selection, and consumable lifecycles. Finally, Distribution Channel segmentation comprises aftermarket services, direct sales, distributors, and rental, which dictate go-to-market approaches, revenue recognition patterns, and service delivery models. By mapping product portfolios and commercial models against these segmentation dimensions, firms can better prioritize R&D investments, optimize channel strategies, and tailor value propositions to distinct buyer cohorts.

Strategic regional intelligence explaining how Americas, Europe Middle East & Africa, and Asia-Pacific dynamics drive distinct product, service, and go-to-market priorities for drilling equipment

Regional dynamics vary significantly and should inform where companies concentrate product development, channel expansion, and service investments. The Americas region remains driven by large-scale infrastructure programs, robust mining activity in select jurisdictions, and a mature rental market that supports flexible equipment deployment. This environment favors providers that can offer integrated maintenance solutions and financing models to help contractors manage cyclical demand. In Europe, Middle East & Africa, regulatory pressure on emissions and worker safety, combined with complex geology in many markets, encourages adoption of electrified, automated platforms and advanced fleet management services. Policy incentives for low-emission equipment in certain countries accelerate investment in electric drivetrains and charging infrastructure.

Asia-Pacific presents a heterogeneous landscape with rapid urbanization and aggressive infrastructure buildouts in some countries, coexisting with intense mining activity in others. High-volume construction requirements and a sizeable local manufacturing base create opportunities for cost-competitive electric and hydraulic solutions, while growth in rental and distributor networks supports market entry for international players. Across all regions, aftermarket service capability, spare parts availability, and training programs are decisive factors for customer choice. Consequently, regional go-to-market plans should prioritize local service footprints, flexible financing, and technology offerings that align with regulatory priorities and operational realities in each geography.

Actionable company-level analysis showing how product innovation, service network scale, and commercial flexibility define competitive leadership in drilling equipment markets

Competitive dynamics in underground rock drilling equipment center on a few recurring themes: product differentiation through technology integration, scale and reach of service networks, and the ability to deliver financing or rental options that reduce customer capital exposure. Leading equipment providers are investing in electrified drivetrains, integrated automation packages, and digital diagnostic platforms to lock in recurring services revenue. At the same time, nimble regional manufacturers and specialized service providers are leveraging proximity and localized design to capture projects that prize cost efficiency and rapid support.

Partnerships between OEMs, component suppliers, and technology vendors have become commonplace, with collaboration focused on battery integration, control-system interoperability, and telematics. Aftermarket strategies increasingly include long-term service contracts, predictive maintenance offerings, and spare parts optimization to raise lifetime value per unit. Distribution strategies vary from direct sales for large, customized deployments to distributor and rental-focused models for short-term projects and smaller buyers. In this environment, companies that combine a clear product roadmap with scalable service delivery and flexible commercial terms tend to secure longer customer lifecycles, while those that lag in digital offerings or service responsiveness face growing pressure on margins and retention.

Practical and prioritized recommendations for OEMs, suppliers, and distributors to accelerate electrification, service revenue growth, and supply chain resilience in drilling operations

Industry leaders should adopt a pragmatic, phased approach to capture near-term value while positioning for longer-term structural change. First, prioritize modular electrification pathways that allow existing hydraulic platforms to be retrofitted with electric sub-systems, reducing capital intensity and accelerating time-to-market. Concurrently, expand predictive maintenance capabilities by standardizing telematics architectures and embedding condition-based service offerings into core warranties and rental agreements. This will shift revenue profiles toward higher-margin, recurring service income and strengthen customer stickiness.

Second, redesign commercial models to emphasize flexibility: broaden rental fleets, introduce subscription-based bundles that include parts and service, and offer performance-based contracts where feasible. Third, shore up supply chain resilience by qualifying secondary suppliers, adopting common platforms to reduce SKU complexity, and selectively nearshoring critical components to mitigate tariff and logistics exposure. Fourth, invest in workforce development and remote-training tools to address the skills gap created by automation and electrification; this ensures operators can maximize uptime and safety. Finally, pursue targeted partnerships with local distributors and service providers to accelerate regional penetration, while maintaining centralized standards for quality and data interoperability. Executed together, these actions will improve operational resilience, shorten product development cycles, and create differentiated commercial propositions that meet evolving customer expectations.

Transparent explanation of the mixed-methods research approach combining secondary review, stakeholder interviews, and triangulation to validate equipment, service, and regional insights

The research underpinning this executive summary combines systematic secondary review with targeted primary engagement to ensure findings are grounded in operational reality. Secondary analysis drew on industry publications, regulatory releases, and supplier technical literature to identify technology trends, regulatory drivers, and common product configurations. Primary research involved structured interviews with senior procurement and operations leaders across construction, mining, oil and gas, and quarrying sectors, complemented by conversations with OEM product managers, distributor executives, and rental house operators to validate commercial behaviors and service expectations.

Data were triangulated through cross-referencing interview insights with product specifications, service offering descriptions, and observable market activity to ensure consistency and minimize bias. Segmentation matrices were applied to categorize equipment types, applications, operation modes, and distribution channels, enabling comparative analysis across regions and end-user industries. Quality controls included peer review by industry domain specialists and reconciliation of divergent viewpoints through follow-up engagements. The methodology emphasizes transparency and repeatability, enabling clients to understand the assumptions behind key conclusions and to request deeper drill-downs into specific segments or geographies as required.

Concise conclusion highlighting why electrification, digital services, and supply chain realignment determine the next phase of competitiveness for drilling equipment providers

The underground rock drilling equipment sector is at an inflection point where technological progress, evolving commercial models, and geopolitical factors collectively reshape competitive dynamics. Electrification and automation are reducing reliance on legacy powertrains while improving safety and operational consistency. At the same time, supply chain realignment and tariff pressures are accelerating localization and encouraging flexible acquisition strategies such as rental and subscription models. Service differentiation-through predictive maintenance, remote diagnostics, and integrated training-has emerged as a critical source of margin and long-term customer retention.

For decision-makers, the imperative is clear: align product roadmaps with modular electrification, embed digital services that drive recurring revenue, and design distribution models that prioritize responsiveness and total cost of ownership. Companies that act decisively on these fronts will strengthen their competitive position and be better prepared to capture demand across diverse applications and regions. Conversely, firms that delay investment in electrification, automation, and service capabilities risk ceding ground to more agile competitors and losing influence in key growth markets.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Definition
• 1.3. Market Segmentation & Coverage
• 1.4. Years Considered for the Study
• 1.5. Currency Considered for the Study
• 1.6. Language Considered for the Study
• 1.7. Key Stakeholders

2. Research Methodology

• 2.1. Introduction
• 2.2. Research Design
  • 2.2.1. Primary Research
  • 2.2.2. Secondary Research
• 2.3. Research Framework
  • 2.3.1. Qualitative Analysis
  • 2.3.2. Quantitative Analysis
• 2.4. Market Size Estimation
  • 2.4.1. Top-Down Approach
  • 2.4.2. Bottom-Up Approach
• 2.5. Data Triangulation
• 2.6. Research Outcomes
• 2.7. Research Assumptions
• 2.8. Research Limitations

3. Executive Summary

• 3.1. Introduction
• 3.2. CXO Perspective
• 3.3. Market Size & Growth Trends
• 3.4. Market Share Analysis, 2025
• 3.5. FPNV Positioning Matrix, 2025
• 3.6. New Revenue Opportunities
• 3.7. Next-Generation Business Models
• 3.8. Industry Roadmap

4. Market Overview

• 4.1. Introduction
• 4.2. Industry Ecosystem & Value Chain Analysis
  • 4.2.1. Supply-Side Analysis
  • 4.2.2. Demand-Side Analysis
  • 4.2.3. Stakeholder Analysis
• 4.3. Porter's Five Forces Analysis
• 4.4. PESTLE Analysis
• 4.5. Market Outlook
  • 4.5.1. Near-Term Market Outlook (0-2 Years)
  • 4.5.2. Medium-Term Market Outlook (3-5 Years)
  • 4.5.3. Long-Term Market Outlook (5-10 Years)
• 4.6. Go-to-Market Strategy

5. Market Insights

• 5.1. Consumer Insights & End-User Perspective
• 5.2. Consumer Experience Benchmarking
• 5.3. Opportunity Mapping
• 5.4. Distribution Channel Analysis
• 5.5. Pricing Trend Analysis
• 5.6. Regulatory Compliance & Standards Framework
• 5.7. ESG & Sustainability Analysis
• 5.8. Disruption & Risk Scenarios
• 5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025

7. Cumulative Impact of Artificial Intelligence 2025

8. Underground Rock Drilling Equipment Market, by Equipment Type

• 8.1. Down The Hole Drills
  • 8.1.1. Electric
  • 8.1.2. Hydraulic
  • 8.1.3. Pneumatic
• 8.2. Percussion Drills
  • 8.2.1. Electric
  • 8.2.2. Hydraulic
• 8.3. Rotary Drills
  • 8.3.1. Electric
  • 8.3.2. Hydraulic
• 8.4. Top Hammer Drills
  • 8.4.1. Electric
  • 8.4.2. Hydraulic
  • 8.4.3. Pneumatic

9. Underground Rock Drilling Equipment Market, by Operation Mode

• 9.1. Automatic
• 9.2. Manual
• 9.3. Semi Automatic

10. Underground Rock Drilling Equipment Market, by Technology

• 10.1. Electric
• 10.2. Hydraulic
• 10.3. Pneumatic

11. Underground Rock Drilling Equipment Market, by Bore Diameter

• 11.1. Large
• 11.2. Medium
• 11.3. Small

12. Underground Rock Drilling Equipment Market, by Depth Range

• 12.1. Deep
• 12.2. Medium
• 12.3. Shallow

13. Underground Rock Drilling Equipment Market, by Application

• 13.1. Construction
  • 13.1.1. Foundation Drilling
  • 13.1.2. Road Construction
  • 13.1.3. Tunneling
• 13.2. Geotechnical Exploration
  • 13.2.1. Rock Sampling
  • 13.2.2. Soil Sampling
• 13.3. Mining
  • 13.3.1. Hard Rock Mining
  • 13.3.2. Soft Rock Mining
• 13.4. Oil & Gas

14. Underground Rock Drilling Equipment Market, by End User Industry

• 14.1. Construction
• 14.2. Mining
• 14.3. Oil And Gas
• 14.4. Quarrying

15. Underground Rock Drilling Equipment Market, by Distribution Channel

• 15.1. Aftermarket Services
• 15.2. Direct Sales
• 15.3. Distributors
• 15.4. Rental

16. Underground Rock Drilling Equipment Market, by Region

• 16.1. Americas
  • 16.1.1. North America
  • 16.1.2. Latin America
• 16.2. Europe, Middle East & Africa
  • 16.2.1. Europe
  • 16.2.2. Middle East
  • 16.2.3. Africa
• 16.3. Asia-Pacific

17. Underground Rock Drilling Equipment Market, by Group

• 17.1. ASEAN
• 17.2. GCC
• 17.3. European Union
• 17.4. BRICS
• 17.5. G7
• 17.6. NATO

18. Underground Rock Drilling Equipment Market, by Country

• 18.1. United States
• 18.2. Canada
• 18.3. Mexico
• 18.4. Brazil
• 18.5. United Kingdom
• 18.6. Germany
• 18.7. France
• 18.8. Russia
• 18.9. Italy
• 18.10. Spain
• 18.11. China
• 18.12. India
• 18.13. Japan
• 18.14. Australia
• 18.15. South Korea

19. United States Underground Rock Drilling Equipment Market

20. China Underground Rock Drilling Equipment Market

21. Competitive Landscape

• 21.1. Market Concentration Analysis, 2025
  • 21.1.1. Concentration Ratio (CR)
  • 21.1.2. Herfindahl Hirschman Index (HHI)
• 21.2. Recent Developments & Impact Analysis, 2025
• 21.3. Product Portfolio Analysis, 2025
• 21.4. Benchmarking Analysis, 2025
• 21.5. Atlas Copco AB
• 21.6. Boart Longyear Limited
• 21.7. Caterpillar Inc.
• 21.8. Epiroc AB
• 21.9. Furukawa Rock Drill Co., Ltd.
• 21.10. Herrenknecht AG
• 21.11. J.H. Fletcher & Co.
• 21.12. Jiangxi Siton Machinery Manufacturing Co., Ltd.
• 21.13. Kaishan Holding Group Co., Ltd.
• 21.14. Komatsu Ltd.
• 21.15. Liebherr-International AG
• 21.16. Mine Master Ltd
• 21.17. Sandvik AB
• 21.18. Sunward Equipment Group Co., Ltd.
• 21.19. XCMG Group Co., Ltd.