Global Underground Drilling Rig Market Size in Volume Forecast (2024–2032)

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in Hundred Units

Underground Drilling Rig Market Volume Forecast: Steady Growth Trends (2024-2032)

Published by MMR Statistics Reserch Team, November 2025

Steady growth is anticipated in the global underground drilling rig market from 2024 to 2032, with volumes steadily increasing throughout the forecast period. In 2024, the Underground Drilling Rig market was valued at 208.20 hundred units, serving as the baseline. In 2025, the volume is estimated to grow to 215.55 hundred units, reflecting ongoing demand and technological progress. The upward trend continues in the following years, with an expected increase to 223.53 hundred units in 2026 and 233.23 hundred units in 2027. By 2028, the market is forecasted to reach 243.63 hundred units, and this growth accelerates further, reaching 254.62 hundred units by 2029. Projections for 2030 indicate a continued rise to 266.22 hundred units, followed by 278.46 hundred units in 2031. The Underground Drilling Rig market is expected to reach 291.42 hundred units in 2032, highlighting robust growth at a CAGR of 3.84% and a promising outlook for the industry.

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Underground Drilling

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Information

Unit

in Hundred Units

Region

Global

Time Period

2024-2032

Source Name

Maximize Market Research Pvt. Ltd

Source Link

https://www.maximizemarketresearch.com/

Publisher Name

Maximize Market Research Pvt. Ltd

Publisher Link

https://www.maximizemarketresearch.com/

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