Market Development Forecast of China\'s Rock Drilling Tools Industry in 2019 _ Enterprise

Original Title: Market Development Forecast of China's rock drilling tools Industry in 2019 According to the Report on Research and Investment Strategy of China's Rock Drilling Tools Industry (2019 Edition) released by Timber Information Consulting, rock drilling tools mainly include roller bits, diamond core bits,dth button bits, down-the-hole drilling tools, etc.,Borehole Drill Bits, which are mainly used in mining, geological exploration, infrastructure construction and other fields. There are about 200 manufacturers of rock drilling tools above the global scale, among which advanced enterprises are mainly distributed in developed industrial countries and regions such as the United States,mining drill bit, Europe and Canada. Roller bit is one of the representative products of rock drilling tools, which is widely used in mining, oil drilling, infrastructure construction and other fields. In 2011, the global roller bit market was $1.380 billion, and by 2014, it has grown to $1.671 billion, and the industry has maintained a rapid growth trend. It is estimated that the global roller bit market will reach 2.35 billion US dollars in 2019, with a compound growth rate of 7.06% during the period. Up to now, China has not yet formed a large cemented carbide tool and die manufacturing enterprise with the ability of cemented carbide, rock drilling tools, rock drilling machinery and rock drilling technology service industry chain,Tapered Rock Bit, such as Sandvik and Atlas. Domestic rock drilling tool enterprises are generally independent manufacturers mainly producing rock drilling tools, with small scale and low industry concentration. Except for some enterprises that rely on technology and industry experience to expand the international market and participate in international division of labor and cooperation to compete with international advanced enterprises, other enterprises do not have strong market competitiveness. Return to Sohu to see more Responsible Editor:. wt-dthtools.com