The global DTH Drill Rig market is segmented into seven regions: North America, Europe, MEA, East Asia (Japan, China, and South Korea), South Asia (India, Thailand, Malaysia, Indonesia, Philippines, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America. South Asia is anticipated to witness a high growth in the global DTH drill rig market owing to a rise in mining, construction, and water exploration activities. Furthermore, MEA and Latin America are projected to showcase the most enthusiastic growth in the global DTH drill rig market due to the rise in urbanization coupled with a surge in oil & gas consumption across the region.
The significant increase in demand for DTH drill rigs due to their convenience and highly efficient operation as compared to conventional drilling methods is anticipated to drive the global DTH drill rig market. Moreover, the burgeoning demand for rare earthy metals and natural resources are also expected to propel the demand for the DTH drill rig.