Global Underground Drilling Rig Market Size: Europe vs Asia Pacific (2024–2032)

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in USD Million

Asia Pacific Leadership to Strengthen Its Position Over Europe in the Underground Drilling Rig Market (2024–2032)

Published by MMR Statistics Reserch Team, December 2025

Strong regional acceleration was evident in 2024, as Asia Pacific was valued at USD 1,534.91 million, exceeding Europe’s USD 1,022.48 million. In 2025, Asia Pacific was estimated at USD 1,628.14 million, while Europe stood at USD 1,074.67 million. By 2032, the Asia Pacific Underground Drilling Rig Market is projected to reach USD 2,617.43 million, compared with USD 1,620.07 million in Europe. Asia Pacific is expected to dominate due to large-scale industrial expansion and infrastructure development.

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Underground Drilling

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Information

Unit

in USD Million

Region

Global

Time Period

2024-2032

Source Name

MMR Statistics

Source Link

https://www.mmrstatistics.com/

Publisher Name

MMR Statistics

Publisher Link

https://www.mmrstatistics.com/

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