Product Code: ETC104505 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The rock drilling machine market in malaysia size was estimated at USD 33 million in 2018 and is projected to register a CAGR of 4.4% during the forecast period. Growing construction activities are anticipated to propel product demand over the forecast period. The growing population along with industrial infrastructure expansion necessitate an increase in housing projects which aid industry growth.Strong government support toward infrastructure development throughout Asia Pacific acts as one of the key drivers augmenting business outlook. Additionally, supportive initiatives from local governments have facilitated stronger opportunities within tunnel works & foundation constructions thus contributing toward revenue generation from rock drilling machines sales across different parts of Malaysia
The Malaysia rock drilling machine market is poised for growth due to ongoing construction and infrastructure development projects. These machines are essential for mining and construction activities, which are integral to the country`s economic expansion. The need for efficient and precise drilling operations will contribute to the demand for rock drilling machines.
The rock drilling machine market in Malaysia is expected to expand due to infrastructure development and mining activities. Nevertheless, the sector faces obstacles such as fluctuating commodity prices affecting investment decisions and the need for skilled operators to maximize machine efficiency.
The rock drilling machine market in Malaysia faced a dual impact from the pandemic. The slowdown in construction and mining activities during lockdowns led to decreased demand for drilling equipment. Simultaneously, restrictions on workforce mobility affected the availability of skilled operators needed to operate the machines effectively. As the construction and mining sectors gradually recover, the market is expected to rebound, but ongoing vigilance is necessary to adapt to changing conditions and potential future disruptions.
The Malaysia rock drilling machine market plays a pivotal role in the construction and mining sectors. Prominent players such as DrillMaster Equipment, RockTech Solutions, and DrillCrafters MY specialize in producing rock drilling machines and equipment. These companies prioritize performance, durability, and safety features to support infrastructure and resource extraction projects.