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Report World - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Global Boring Machinery Market 2024

Boring Machinery Market Size

The global boring machinery market fell to $X in 2022, shrinking by -2% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.5% against 2019 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Boring Machinery Production

In value terms, boring machinery production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 30% against the previous year. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Boring Machinery Exports

Exports

In 2022, shipments abroad of boring or sinking machinery increased by 2.5% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 75%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the global exports remained at a lower figure.

In value terms, boring machinery exports totaled $X in 2022. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 110% against the previous year. The global exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) and Thailand (X units) represented roughly 45% of total exports in 2022. The United Arab Emirates (X units) took a 7.2% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (6.1%). Singapore (X units), Italy (X units), Spain (X units), Russia (X units), Germany (X units), the UK (X units), Japan (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +30.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest boring machinery supplying countries worldwide were China ($X), Singapore ($X) and the United Arab Emirates ($X), with a combined 34% share of global exports.

The United Arab Emirates, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The global export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), while the other global leaders experienced more modest paces of growth.

Boring Machinery Imports

Imports

In 2022, purchases abroad of boring or sinking machinery decreased by -10.5% to X units, falling for the second year in a row after three years of growth. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 33%. Global imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, boring machinery imports dropped markedly to $X in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2019 with an increase of 73%. Over the period under review, global imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X units) and Sudan (X units) were the major importers of boring or sinking machinery in 2022, amounting to approx. 14% and 11% of total imports, respectively. The United States (X units) took the next position in the ranking, followed by Nigeria (X units). All these countries together held approx. 12% share of total imports. Spain (X units), Kuwait (X units), Egypt (X units), Russia (X units), Iraq (X units), Marshall Islands (X units), Colombia (X units), Indonesia (X units) and Belize (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belize (with a CAGR of +69.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest boring machinery importing markets worldwide were Mexico ($X), the United States ($X) and Egypt ($X), with a combined 20% share of global imports. Sudan, Spain, Russia, Kuwait, Iraq, Colombia, Indonesia, Nigeria, Belize and Marshall Islands lagged somewhat behind, together comprising a further 17%.

Belize, with a CAGR of +57.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average boring machinery import price amounted to $X per unit, reducing by -17% against the previous year. Overall, the import price saw a mild descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. As a result, import price attained the peak level of $X per unit, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per unit), while Marshall Islands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+0.1%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Spain, Canada and Indonesia, with a combined 38% share of global consumption. Japan, South Africa, Germany, China, Italy, the United Arab Emirates, France, Syrian Arab Republic, Singapore and Nigeria lagged somewhat behind, together comprising a further 34%.
The countries with the highest volumes of in 2021 were Indonesia, Canada and Spain, together accounting for 37% of global production. Italy, Japan, the United Arab Emirates, Germany, South Africa, the Netherlands, China, Singapore, Syrian Arab Republic and the UK lagged somewhat behind, together comprising a further 42%.
In value terms, the United Arab Emirates, Singapore and Germany constituted the countries with the highest levels of exports in 2021, with a combined 21% share of global exports. These countries were followed by the UK, Italy, Malaysia, the Netherlands, Turkey, South Korea, the Czech Republic, Poland, Indonesia and Romania, which together accounted for a further 29%.
In value terms, the largest boring machinery importing markets worldwide were India, the United Arab Emirates and Canada, together accounting for 11% of global imports. Singapore, Spain, Germany, France, Australia, Oman, Mexico, Nigeria, Congo and Algeria lagged somewhat behind, together accounting for a further 12%.
In 2021, the average boring machinery export price amounted to $5.8 per unit, waning by -17.7% against the previous year.
In 2021, the average boring machinery import price amounted to $8.9 per unit, falling by -19.3% against the previous year.

This report provides an in-depth analysis of the global boring machinery market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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