Construction Industry Core Drill Market to surge at 5.7% CAGR and Hit USD 1280 million by 2023
Market Study Report adds 2018-2023 Global Construction Industry Core Drill market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Selbyville, Delaware – December 11, 2018 /MarketersMedia/ —
One of the major drivers of the construction industry core drill market is the continuous growth of urbanization worldwide. In the year 2015, around 54 percent of the global population resided in urban areas. This is estimated to rise to 66 percent of the world population in the year 2050.
The worldwide Construction Industry Core Drill market is expected to grow at a CAGR of 5.7% over the next five years, will reach 1280 million US$ in 2023, from 920 million US$ in 2017, according to a new Research now available with Market Study Report.com.
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A core drill is a drill specifically designed to remove a cylinder of material, much like a hole saw. The material left inside the drill bit is referred to as the core.
Urbanization continues to grow strongly. In 2015, approximately 54 per cent of the world?s population lived in urban areas. By 2050, the corresponding figure is expected to rise to 66 per cent of the world?s population. Urbanization is fastest in Africa and Asia, and is expected to gain 56 per cent (Africa) and 64 per cent (Asia) proportion of urban population by 2050. In 2015, the corresponding percentage for urban population was 40 (Africa) and 48 (Asia). In 2015, the most urban regions were Northern America (82 per cent), Latin America and the Caribbean (80 per cent) and Europe (74 per cent). Continued urbanization is expected across the globe over the coming decades.
Construction markets include broadly different kind of construction and technical projects, such as highways, railways, airports, harbors and community development facilities, industrial buildings, skyscrapers and power plants. The construction projects may include entirely new objects or they can be additions or alterations, or maintenance projects. According to the division of the company?s market segments, tunneling has been separated to its own special field and therefore not included in the construction markets.
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Market trends and market overview. According to the view of the company?s management, the construction markets are driven mostly by urbanization and infrastructure construction, especially in the emerging markets, where urbanization and demand for associated infrastructure is increasing. In the industrialized markets, construction requires more demanding techniques, among others, in expanding subway and other underground facilities as well as road network. Usage of drilling piling, which reinforces the foundation, is increasing worldwide and the market seems promising as the projects and operators grow and international contracts expand. The demand for consumables relating to excavation is growing as the buildings reach further down to soil.
Core drills used in metal are called annular cutters. Core drills used for concrete are generally called Diamond Core Drills and are water cooled. For drilling masonry, carbide core drills can be used.
Even presently, urbanization has been continuing to grow strongly, with the fastest growth in Africa and Asia, which are expected to acclaim 56 percent and 64 percent proportion respectively of the urban population by the year 2050. As per Global Info Research, in 2015, the urban population’s corresponding percentage was 40% in Africa, and 48% in Asia, and in the same year Northern America (82 percent), Europe (74 percent), Latin America and the Caribbean (80 percent) were recorded as the most urban regions.
In addition, new investments in infrastructure construction, owing to urbanization and the growing need for mobility of goods and people, particularly in emerging markets where population and urbanization are witnessing rapid growth, will fuel market demand. Meanwhile in developed nations, new investments are expected for renovation and modernization of existing infrastructure. Factors like increased land prices and concentration of people in urban areas have amplified the demand for construction and tunneling applications like bridges, tunnels, underground municipal water treatment facilities or parking halls and oil storages that need dedicated rock excavation, ground piling, and underpinning. The global construction industry core drill market was valued at $920 million in 2017 and is estimated to reach $1440 million by 2025, growing at a CAGR of 5.8% during the forecasted timeframe.
Table of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Construction Industry Core Drill Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
4 Global Construction Industry Core Drill Market Analysis by Regions
5 North America Construction Industry Core Drill by Countries
6 Europe Construction Industry Core Drill by Countries
7 Asia-Pacific Construction Industry Core Drill by Countries
8 South America Construction Industry Core Drill by Countries
9 Middle East and Africa Construction Industry Core Drill by Countries
10 Global Construction Industry Core Drill Market Segment by Type
11 Global Construction Industry Core Drill Market Segment by Application
12 Construction Industry Core Drill Market Forecast (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
More Details on this Report at: https://www.marketstudyreport.com/reports/global-construction-industry-core-drill-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023
Related Reports: –
2018-2023 Global Construction Industry Core Drill Consumption Market Report
Urbanization continues to grow strongly. In 2015, approximately 54 per cent of the world?s population lived in urban areas. By 2050, the corresponding figure is expected to rise to 66 per cent of the world?s population. Urbanization is fastest in Africa and Asia, and is expected to gain 56 per cent (Africa) and 64 per cent (Asia) proportion of urban population by 2050. In 2015, the corresponding percentage for urban population was 40 (Africa) and 48 (Asia). In 2015, the most urban regions were Northern America (82 per cent), Latin America and the Caribbean (80 per cent) and Europe (74 per cent). Continued urbanization is expected across the globe over the coming decades.
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