The global air core drilling market size was valued at USD 1.81 billion in 2023 and is projected to reach USD 2.73 billion by 2030, expanding at a CAGR of 6.1% from 2024 to 2030. Market growth is primarily driven by the rising demand for efficient, cost-effective extraction methods across the mining and oil & gas industries.
As conventional drilling and extraction techniques become increasingly expensive and less effective—particularly in geologically complex environments—air core drilling has emerged as a preferred alternative. The method is highly regarded for its ability to deliver high-quality, uncontaminated samples, enabling accurate mineral assessment and informed decision-making during exploration activities.
In addition, the rapid expansion of the global construction industry is significantly contributing to market growth. Continuous infrastructure development, especially in emerging economies, has increased demand for reliable drilling solutions for foundation work and geotechnical investigations. Air core drilling is widely adopted in construction due to its capability to efficiently penetrate a wide range of soil and rock formations, making it suitable for diverse construction applications.
Key Market Trends & Insights
- The Asia Pacific air core drilling market dominated the global market with a 40.0% share in 2023.
- The China air core drilling market led the Asia Pacific region in 2023.
- By application, the dust drilling segment accounted for the largest market share at 39.7% in 2023.
- By industry, the construction sector is expected to grow at a CAGR of 6.4% during the forecast period.
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Market Size & Forecast
- 2023 Market Size: USD 1.81 Billion
- 2030 Projected Market Size: USD 2.73 Billion
- CAGR (2024–2030): 6.1%
- Largest Market (2023): Asia Pacific
Competitive Landscape
The air core drilling market is characterized by the presence of several established players that collectively hold a significant market share and influence industry trends through technological advancements, service expansion, and strategic partnerships.
Leading companies operating in the air core drilling market include:
- Perenti ABN
- Atlas Copco
- Bostech Drilling Australia
- Brown Bros Drilling
- DAL Group
- Epicore Mining India Limited
- Halliburton Company
- Geodrill
- SLB
- Wallis Drilling Pty Ltd
Recent Developments
- June 2024: Noble Corporation plc and Diamond Offshore Drilling, Inc. announced a definitive merger agreement under which Noble is expected to acquire Diamond through a combination of stock and cash. The merger aims to strengthen the companies’ offshore drilling capabilities, particularly with seventh-generation drillships and high-spec harsh-environment semisubmersible rigs, enhancing their competitive positioning in the global drilling market.
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Conclusion
The global air core drilling market is poised for sustained growth, driven by increasing exploration activities in mining and oil & gas sectors, alongside expanding construction and infrastructure projects worldwide. Its advantages—including cost efficiency, operational speed, and high sample integrity—position air core drilling as a critical solution for modern drilling applications. With Asia Pacific leading market adoption and technological advancements continuing to enhance drilling efficiency, the market is expected to witness steady expansion through 2030.
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