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Machinery & Equipment Global Vertical Shaft Drilling Rig Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4705995
    • |
  • 09 June, 2026
    • |
  • Global
    • |
  • 111 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Vertical Shaft Drilling Rig market size was valued at US$ 345 million in 2025 and is forecast to a readjusted size of US$ 481 million by 2032 with a CAGR of 4.8% during review period.
A vertical shaft drilling rig is specialized equipment for vertical or near-vertical drilling in mines, tunnels, and geological exploration. It operates by rotating a drill bit while using mud or air circulation to remove debris, enabling deep rock excavation. The price of a vertical shaft drilling rig varies by model, depth, and automation level, generally ranging from 1–30 million CNY per unit (approximately 0.14–4.3 million USD per unit).Key components include the drilling mast, drill platform, rotary system, power unit, hoisting system, and hydraulic or electronic control systems. Main materials include steel, alloy steel, cast steel, high-hardness drill bits, and hydraulic/electronic components. In the industry chain, upstream includes steel and specialty alloy producers, motor and hydraulic component manufacturers, and drill bit companies. Downstream covers coal and metal mines, tunnel construction, geothermal and oil & gas drilling, as well as equipment leasing and construction services. As a high-value equipment, vertical shaft drilling rigs integrate mechanical, hydraulic, electronic, and construction technologies, serving as core machinery for mining and underground engineering.
This report is a detailed and comprehensive analysis for global Vertical Shaft Drilling Rig market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Vertical Shaft Drilling Rig market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2021-2032
Global Vertical Shaft Drilling Rig market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2021-2032
Global Vertical Shaft Drilling Rig market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2021-2032
Global Vertical Shaft Drilling Rig market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Vertical Shaft Drilling Rig
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Vertical Shaft Drilling Rig market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Herrenknecht, Mühlhäuser, Komatsu, Master Drilling, Terratec, Palmieri Group, Epiroc, Lone Star Drilling Company, Boart Longyear, XCMG Construction Machinery Co., Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Vertical Shaft Drilling Rig market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Raise Boring Machine
Shaft Drilling Machine
Deep Shaft Drilling Rig
Market segment by Diameter
<1m
1-4m
4-12m
Market segment by Drive Type
Full Hydraulic Shaft Drilling Rig
Electric Shaft Drilling Rig
Other
Market segment by Application
Mining Engineering
Hydraulic and Hydro-power Engineering
Geothermal and Energy Engineering
Geological Exploration
Major players covered
Herrenknecht
Mühlhäuser
Komatsu
Master Drilling
Terratec
Palmieri Group
Epiroc
Lone Star Drilling Company
Boart Longyear
XCMG Construction Machinery Co., Ltd.
Northern Heavy Industries Group Co., Ltd.
Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd.
Jikai Equipment Manufacturing Co., Ltd.
Zhongmei Mining Construction Group
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Vertical Shaft Drilling Rig product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Vertical Shaft Drilling Rig, with price, sales quantity, revenue, and global market share of Vertical Shaft Drilling Rig from 2021 to 2026.
Chapter 3, the Vertical Shaft Drilling Rig competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Vertical Shaft Drilling Rig breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Vertical Shaft Drilling Rig market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Vertical Shaft Drilling Rig.
Chapter 14 and 15, to describe Vertical Shaft Drilling Rig sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Vertical Shaft Drilling Rig Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Raise Boring Machine
    • 1.3.3 Shaft Drilling Machine
    • 1.3.4 Deep Shaft Drilling Rig
  • 1.4 Market Analysis by Diameter
    • 1.4.1 Overview: Global Vertical Shaft Drilling Rig Consumption Value by Diameter: 2021 Versus 2025 Versus 2032
    • 1.4.2 <1m
    • 1.4.3 1-4m
    • 1.4.4 4-12m
  • 1.5 Market Analysis by Drive Type
    • 1.5.1 Overview: Global Vertical Shaft Drilling Rig Consumption Value by Drive Type: 2021 Versus 2025 Versus 2032
    • 1.5.2 Full Hydraulic Shaft Drilling Rig
    • 1.5.3 Electric Shaft Drilling Rig
    • 1.5.4 Other
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global Vertical Shaft Drilling Rig Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Mining Engineering
    • 1.6.3 Hydraulic and Hydro-power Engineering
    • 1.6.4 Geothermal and Energy Engineering
    • 1.6.5 Geological Exploration
  • 1.7 Global Vertical Shaft Drilling Rig Market Size & Forecast
    • 1.7.1 Global Vertical Shaft Drilling Rig Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global Vertical Shaft Drilling Rig Sales Quantity (2021-2032)
    • 1.7.3 Global Vertical Shaft Drilling Rig Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Herrenknecht
    • 2.1.1 Herrenknecht Details
    • 2.1.2 Herrenknecht Major Business
    • 2.1.3 Herrenknecht Vertical Shaft Drilling Rig Product and Services
    • 2.1.4 Herrenknecht Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Herrenknecht Recent Developments/Updates
  • 2.2 Mühlhäuser
    • 2.2.1 Mühlhäuser Details
    • 2.2.2 Mühlhäuser Major Business
    • 2.2.3 Mühlhäuser Vertical Shaft Drilling Rig Product and Services
    • 2.2.4 Mühlhäuser Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Mühlhäuser Recent Developments/Updates
  • 2.3 Komatsu
    • 2.3.1 Komatsu Details
    • 2.3.2 Komatsu Major Business
    • 2.3.3 Komatsu Vertical Shaft Drilling Rig Product and Services
    • 2.3.4 Komatsu Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Komatsu Recent Developments/Updates
  • 2.4 Master Drilling
    • 2.4.1 Master Drilling Details
    • 2.4.2 Master Drilling Major Business
    • 2.4.3 Master Drilling Vertical Shaft Drilling Rig Product and Services
    • 2.4.4 Master Drilling Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Master Drilling Recent Developments/Updates
  • 2.5 Terratec
    • 2.5.1 Terratec Details
    • 2.5.2 Terratec Major Business
    • 2.5.3 Terratec Vertical Shaft Drilling Rig Product and Services
    • 2.5.4 Terratec Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Terratec Recent Developments/Updates
  • 2.6 Palmieri Group
    • 2.6.1 Palmieri Group Details
    • 2.6.2 Palmieri Group Major Business
    • 2.6.3 Palmieri Group Vertical Shaft Drilling Rig Product and Services
    • 2.6.4 Palmieri Group Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Palmieri Group Recent Developments/Updates
  • 2.7 Epiroc
    • 2.7.1 Epiroc Details
    • 2.7.2 Epiroc Major Business
    • 2.7.3 Epiroc Vertical Shaft Drilling Rig Product and Services
    • 2.7.4 Epiroc Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Epiroc Recent Developments/Updates
  • 2.8 Lone Star Drilling Company
    • 2.8.1 Lone Star Drilling Company Details
    • 2.8.2 Lone Star Drilling Company Major Business
    • 2.8.3 Lone Star Drilling Company Vertical Shaft Drilling Rig Product and Services
    • 2.8.4 Lone Star Drilling Company Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Lone Star Drilling Company Recent Developments/Updates
  • 2.9 Boart Longyear
    • 2.9.1 Boart Longyear Details
    • 2.9.2 Boart Longyear Major Business
    • 2.9.3 Boart Longyear Vertical Shaft Drilling Rig Product and Services
    • 2.9.4 Boart Longyear Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Boart Longyear Recent Developments/Updates
  • 2.10 XCMG Construction Machinery Co., Ltd.
    • 2.10.1 XCMG Construction Machinery Co., Ltd. Details
    • 2.10.2 XCMG Construction Machinery Co., Ltd. Major Business
    • 2.10.3 XCMG Construction Machinery Co., Ltd. Vertical Shaft Drilling Rig Product and Services
    • 2.10.4 XCMG Construction Machinery Co., Ltd. Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 XCMG Construction Machinery Co., Ltd. Recent Developments/Updates
  • 2.11 Northern Heavy Industries Group Co., Ltd.
    • 2.11.1 Northern Heavy Industries Group Co., Ltd. Details
    • 2.11.2 Northern Heavy Industries Group Co., Ltd. Major Business
    • 2.11.3 Northern Heavy Industries Group Co., Ltd. Vertical Shaft Drilling Rig Product and Services
    • 2.11.4 Northern Heavy Industries Group Co., Ltd. Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Northern Heavy Industries Group Co., Ltd. Recent Developments/Updates
  • 2.12 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd.
    • 2.12.1 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Details
    • 2.12.2 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Major Business
    • 2.12.3 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Vertical Shaft Drilling Rig Product and Services
    • 2.12.4 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Recent Developments/Updates
  • 2.13 Jikai Equipment Manufacturing Co., Ltd.
    • 2.13.1 Jikai Equipment Manufacturing Co., Ltd. Details
    • 2.13.2 Jikai Equipment Manufacturing Co., Ltd. Major Business
    • 2.13.3 Jikai Equipment Manufacturing Co., Ltd. Vertical Shaft Drilling Rig Product and Services
    • 2.13.4 Jikai Equipment Manufacturing Co., Ltd. Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Jikai Equipment Manufacturing Co., Ltd. Recent Developments/Updates
  • 2.14 Zhongmei Mining Construction Group
    • 2.14.1 Zhongmei Mining Construction Group Details
    • 2.14.2 Zhongmei Mining Construction Group Major Business
    • 2.14.3 Zhongmei Mining Construction Group Vertical Shaft Drilling Rig Product and Services
    • 2.14.4 Zhongmei Mining Construction Group Vertical Shaft Drilling Rig Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Zhongmei Mining Construction Group Recent Developments/Updates

3 Competitive Environment: Vertical Shaft Drilling Rig by Manufacturer

  • 3.1 Global Vertical Shaft Drilling Rig Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Vertical Shaft Drilling Rig Revenue by Manufacturer (2021-2026)
  • 3.3 Global Vertical Shaft Drilling Rig Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Vertical Shaft Drilling Rig by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Vertical Shaft Drilling Rig Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Vertical Shaft Drilling Rig Manufacturer Market Share in 2025
  • 3.5 Vertical Shaft Drilling Rig Market: Overall Company Footprint Analysis
    • 3.5.1 Vertical Shaft Drilling Rig Market: Region Footprint
    • 3.5.2 Vertical Shaft Drilling Rig Market: Company Product Type Footprint
    • 3.5.3 Vertical Shaft Drilling Rig Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Vertical Shaft Drilling Rig Market Size by Region
    • 4.1.1 Global Vertical Shaft Drilling Rig Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Vertical Shaft Drilling Rig Consumption Value by Region (2021-2032)
    • 4.1.3 Global Vertical Shaft Drilling Rig Average Price by Region (2021-2032)
  • 4.2 North America Vertical Shaft Drilling Rig Consumption Value (2021-2032)
  • 4.3 Europe Vertical Shaft Drilling Rig Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Vertical Shaft Drilling Rig Consumption Value (2021-2032)
  • 4.5 South America Vertical Shaft Drilling Rig Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Vertical Shaft Drilling Rig Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Vertical Shaft Drilling Rig Sales Quantity by Type (2021-2032)
  • 5.2 Global Vertical Shaft Drilling Rig Consumption Value by Type (2021-2032)
  • 5.3 Global Vertical Shaft Drilling Rig Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Vertical Shaft Drilling Rig Sales Quantity by Application (2021-2032)
  • 6.2 Global Vertical Shaft Drilling Rig Consumption Value by Application (2021-2032)
  • 6.3 Global Vertical Shaft Drilling Rig Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Vertical Shaft Drilling Rig Sales Quantity by Type (2021-2032)
  • 7.2 North America Vertical Shaft Drilling Rig Sales Quantity by Application (2021-2032)
  • 7.3 North America Vertical Shaft Drilling Rig Market Size by Country
    • 7.3.1 North America Vertical Shaft Drilling Rig Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Vertical Shaft Drilling Rig Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Vertical Shaft Drilling Rig Sales Quantity by Type (2021-2032)
  • 8.2 Europe Vertical Shaft Drilling Rig Sales Quantity by Application (2021-2032)
  • 8.3 Europe Vertical Shaft Drilling Rig Market Size by Country
    • 8.3.1 Europe Vertical Shaft Drilling Rig Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Vertical Shaft Drilling Rig Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Vertical Shaft Drilling Rig Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Vertical Shaft Drilling Rig Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Vertical Shaft Drilling Rig Market Size by Region
    • 9.3.1 Asia-Pacific Vertical Shaft Drilling Rig Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Vertical Shaft Drilling Rig Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Vertical Shaft Drilling Rig Sales Quantity by Type (2021-2032)
  • 10.2 South America Vertical Shaft Drilling Rig Sales Quantity by Application (2021-2032)
  • 10.3 South America Vertical Shaft Drilling Rig Market Size by Country
    • 10.3.1 South America Vertical Shaft Drilling Rig Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Vertical Shaft Drilling Rig Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Vertical Shaft Drilling Rig Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Vertical Shaft Drilling Rig Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Vertical Shaft Drilling Rig Market Size by Country
    • 11.3.1 Middle East & Africa Vertical Shaft Drilling Rig Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Vertical Shaft Drilling Rig Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Vertical Shaft Drilling Rig Market Drivers
  • 12.2 Vertical Shaft Drilling Rig Market Restraints
  • 12.3 Vertical Shaft Drilling Rig Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Vertical Shaft Drilling Rig and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Vertical Shaft Drilling Rig
  • 13.3 Vertical Shaft Drilling Rig Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Vertical Shaft Drilling Rig Typical Distributors
  • 14.3 Vertical Shaft Drilling Rig Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Vertical Shaft Drilling Rig. Industry analysis & Market Report on Vertical Shaft Drilling Rig is a syndicated market report, published as Global Vertical Shaft Drilling Rig Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Vertical Shaft Drilling Rig market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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