CATEGORY

Drilling Equipment and Consumables

Drilling equipment and consumables are used in mining sites to drill holes and consumables are used for uninterrupted drilling activity.

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CATEGORY ALERTS

Sandvik launches new top hammer longhole drill rig.

July 04, 2022
alert level: Medium

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Drilling Equipment and Consumables Market Monitoring Dashboard


Supply Demand

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Drilling Equipment and Consumables Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Drilling Equipment and Consumables category is 6.30%

Payment Terms

(in days)

The industry average payment terms in Drilling Equipment and Consumables category for the current quarter is 52.5 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Drilling Equipment and Consumables Suppliers


    2,300
    Total Suppliers
    67
    Diverse Suppliers
    85
    Normalized Supplier Rating
    Drilling Equipment and Consumables Supplier

    Find the right-fit drilling equipment and consumables supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85

    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    Drilling Equipment and Consumables market report transcript


    Global Market Outlook on Drilling Equipment and Consumables

    • Commodity price increase coupled with declining ore heads are the key market drivers
    • Shift of market focus in consumers preference in partnering equipped with best technology suppliers have been witnessed as an emerging trend in major regions such as Australia, Canada to optimize the buyer’s total cost of ownership

    Market Size and Trend

    • Gold, silver, and copper mining, along with exploration projects, were among the key commodities that continued to recover from impact of the pandemic, which drive the demand for mining equipment and consumables market.

    Global Drilling Equipment - Market Drivers and Constraints

    Drivers

    Increase in Commodity Demand/Price:

    • Commodity demand is a result of the global economic situation. The average commodity price is expected to grow between 5 percent and 6 percent until 2017. Increase in commodity demand will drive up the market for production and exploration drilling equipment.

    Decrease in ore grades at mine (surface and underground mining):

    • Falling in ore grades results in increased exploration activity, which in turn, acts as a driver for the rise in demand from the drilling equipment segment. In South America, a key mining region, copper and gold head grades are expected to decline by 21 percent and 18 percent, respectively, during 2014–2024

    Constraints

    Mining Slowdown:

    • Reduction in mineral output from mines and closure of high cost mining operations due to the current mining industry slow down is adversely impacting drilling equipment and mining consumables demand

    Reducing Exploration Spend:

    • Reduction is exploration spend in new mining activities across all major mining regions has severely impacted the demand for exploration drilling equipment. The spend in mineral exploration has decreased by 19 percent in Asia and around 12 percent in Australia in 2016

    Drilling Tools Market Overview

    • Mining drilling equipment components are sourced from multiple vendors and supplier power towards equipment is medium due to the fragmented nature of the supply nature.
    • The global drilling tools market is highly concentrated with Atlas Copco and Sandvik controlling around 54 percent of the drilling equipment market.
    • Many Tier-2 and 3 brands are available but performance is suspect.
    • High intensity of rivalry due to the presence of large number of global and domestic players.
    • Since high capital investment is required, new entrants find it difficult to enter the market.
    • The mining drilling equipment market is a consolidated one and the new suppliers will take years to be on par with performance and product portfolio of Tier-1 brands.
    • The mining drilling equipment cannot be replaced by others due to the (highly) specific nature of operations, which demand usage of sophisticated drilling equipment to suit the mining conditions.
    • The future of mining consumables and equipment lies in automation and technological developments centered around reducing man-power and improving productivity. Only a few suppliers have this advanced capability.
    • Many Tier-2 and 3 brands are available but performance is suspect.
    • High intensity of rivalry due to the presence of large number of global and domestic players in the drilling tools market.
    • Mining drilling equipment cost structure pricing by suppliers is done based on raw material prices and demand of the drilling equipment.

    Why Should You Buy This Report 

    • Information about mining drilling equipment market size and trends, regional overview, outlook, drivers and constraints, market driver analysis, etc.
    • Porter’s five force analysis of the global mining consumables and drilling tools market.
    • Supply trends, market share and SWOT analysis of major players like Atlas Copco, Sandvik, Caterpillar, etc.
    • Cost structure analysis, cost and price drivers analysis.
    • Best procurement models, sourcing channels best practices in the mining drilling equipment industry and risk analysis.