Global Underground Drilling Rig Market Size & YoY Growth (2024–2032)

With a strong growth trajectory, the Global Underground Drilling Rig market size was valued at USD *** Mn in ***. As the sector continues its expansion, it is estimated to reach USD *** Mn. in ***, reflecting a YoY growth rate of ***%. This upward trend is expected to continue, with estimates of USD *** Mn. in *** and USD *** Mn. in ***. By ***, the Underground Drilling Rig market is forecasted to reach USD *** Mn, and growth is anticipated to continue through ***. This sustained growth is driven by several key factors, including the increasing demand for infrastructure development , advancements in drilling technologies, and the rising need for resource extraction . YoY growth rates are forecasted to range from ***% in *** to ***% in ***, signaling continued positive momentum in the industry. These dynamics create a favorable environment for innovation...