According to Cognitive Market Research, the global Rock Drilling Tools market is USD 1351.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.
North America held the major market of more than 40% of the global revenue with a market size of USD 540.48 million in 2023. It will grow at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030
Europe Rock Drilling Tools projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 405.36 million
Asia Pacific held the market more than 23% of the global revenue with market size of USD 310.78 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030
Latin America market of more than 5% of the global revenue with a market size of USD 67.56 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030
Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 27.02 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030
The demand for Rock Drilling Tools is rising due to increase in Infrastructure and Construction Projects.
Demand for hydraulic drill remains higher in the Rock Drilling Tools market.
The mining end use category held the highest Rock Drilling Tools market revenue share in 2023.
