Global Underground Drilling Rig Market Size: North America vs Europe (2024–2032)

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in USD Million

Competitive Trends Across the North America and Europe Underground Drilling Rig Markets (2024–2032)

Published by MMR Statistics Reserch Team, December 2025

Significant momentum was observed in North America in 2024, with the market valued at USD 1,159.16 million, compared with Europe at USD 1,022.48 million. In 2025, North America was estimated to reach USD 1,226.02 million, while Europe was estimated at USD 1,074.67 million. By 2032, North America is projected to reach USD 1,931.55 million, while Europe is expected to expand to USD 1,620.07 million. North America is projected to maintain its leading position, supported by advanced drilling technologies and sustained infrastructure investment.

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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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