The global Vertical Shaft Drilling Rig market size is expected to reach $ 481 million by 2032, rising at a market growth of 4.8% CAGR during the forecast period (2026-2032).
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 studies the global Vertical Shaft Drilling Rig production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Vertical Shaft Drilling Rig and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Vertical Shaft Drilling Rig that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Vertical Shaft Drilling Rig total production and demand, 2021-2032, (Units)
Global Vertical Shaft Drilling Rig total production value, 2021-2032, (USD Million)
Global Vertical Shaft Drilling Rig production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Units), (based on production site)
Global Vertical Shaft Drilling Rig consumption by region & country, CAGR, 2021-2032 & (Units)
U.S. VS China: Vertical Shaft Drilling Rig domestic production, consumption, key domestic manufacturers and share
Global Vertical Shaft Drilling Rig production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Units)
Global Vertical Shaft Drilling Rig production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Units)
Global Vertical Shaft Drilling Rig production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Units)
This report profiles key players in the global Vertical Shaft Drilling Rig market based on the following parameters - company overview, production, value, 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.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Vertical Shaft Drilling Rig market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Vertical Shaft Drilling Rig Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Vertical Shaft Drilling Rig Market, Segmentation by Type:
Raise Boring Machine
Shaft Drilling Machine
Deep Shaft Drilling Rig
Global Vertical Shaft Drilling Rig Market, Segmentation by Diameter:
<1m
1-4m
4-12m
Global Vertical Shaft Drilling Rig Market, Segmentation by Drive Type:
Full Hydraulic Shaft Drilling Rig
Electric Shaft Drilling Rig
Other
Global Vertical Shaft Drilling Rig Market, Segmentation by Application:
Mining Engineering
Hydraulic and Hydro-power Engineering
Geothermal and Energy Engineering
Geological Exploration
Companies Profiled:
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
Key Questions Answered:
1. How big is the global Vertical Shaft Drilling Rig market?
2. What is the demand of the global Vertical Shaft Drilling Rig market?
3. What is the year over year growth of the global Vertical Shaft Drilling Rig market?
4. What is the production and production value of the global Vertical Shaft Drilling Rig market?
5. Who are the key producers in the global Vertical Shaft Drilling Rig market?
6. What are the growth factors driving the market demand?

1 Supply Summary
1.1 Vertical Shaft Drilling Rig Introduction
1.2 World Vertical Shaft Drilling Rig Supply & Forecast
1.2.1 World Vertical Shaft Drilling Rig Production Value (2021 & 2025 & 2032)
1.2.2 World Vertical Shaft Drilling Rig Production (2021-2032)
1.2.3 World Vertical Shaft Drilling Rig Pricing Trends (2021-2032)
1.3 World Vertical Shaft Drilling Rig Production by Region (Based on Production Site)
1.3.1 World Vertical Shaft Drilling Rig Production Value by Region (2021-2032)
1.3.2 World Vertical Shaft Drilling Rig Production by Region (2021-2032)
1.3.3 World Vertical Shaft Drilling Rig Average Price by Region (2021-2032)
1.3.4 North America Vertical Shaft Drilling Rig Production (2021-2032)
1.3.5 Europe Vertical Shaft Drilling Rig Production (2021-2032)
1.3.6 China Vertical Shaft Drilling Rig Production (2021-2032)
1.3.7 Japan Vertical Shaft Drilling Rig Production (2021-2032)
1.4 Market Drivers, Restraints and Trends
1.4.1 Vertical Shaft Drilling Rig Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Vertical Shaft Drilling Rig Major Market Trends
2 Demand Summary
2.1 World Vertical Shaft Drilling Rig Demand (2021-2032)
2.2 World Vertical Shaft Drilling Rig Consumption by Region
2.2.1 World Vertical Shaft Drilling Rig Consumption by Region (2021-2026)
2.2.2 World Vertical Shaft Drilling Rig Consumption Forecast by Region (2027-2032)
2.3 United States Vertical Shaft Drilling Rig Consumption (2021-2032)
2.4 China Vertical Shaft Drilling Rig Consumption (2021-2032)
2.5 Europe Vertical Shaft Drilling Rig Consumption (2021-2032)
2.6 Japan Vertical Shaft Drilling Rig Consumption (2021-2032)
2.7 South Korea Vertical Shaft Drilling Rig Consumption (2021-2032)
2.8 ASEAN Vertical Shaft Drilling Rig Consumption (2021-2032)
2.9 India Vertical Shaft Drilling Rig Consumption (2021-2032)
3 World Manufacturers Competitive Analysis
3.1 World Vertical Shaft Drilling Rig Production Value by Manufacturer (2021-2026)
3.2 World Vertical Shaft Drilling Rig Production by Manufacturer (2021-2026)
3.3 World Vertical Shaft Drilling Rig Average Price by Manufacturer (2021-2026)
3.4 Vertical Shaft Drilling Rig Company Evaluation Quadrant
3.5 Industry Rank and Concentration Rate (CR)
3.5.1 Global Vertical Shaft Drilling Rig Industry Rank of Major Manufacturers
3.5.2 Global Concentration Ratios (CR4) for Vertical Shaft Drilling Rig in 2025
3.5.3 Global Concentration Ratios (CR8) for Vertical Shaft Drilling Rig in 2025
3.6 Vertical Shaft Drilling Rig Market: Overall Company Footprint Analysis
3.6.1 Vertical Shaft Drilling Rig Market: Region Footprint
3.6.2 Vertical Shaft Drilling Rig Market: Company Product Type Footprint
3.6.3 Vertical Shaft Drilling Rig Market: Company Product Application Footprint
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
3.8 New Entrant and Capacity Expansion Plans
3.9 Mergers, Acquisition, Agreements, and Collaborations
4 United States VS China VS Rest of the World
4.1 United States VS China: Vertical Shaft Drilling Rig Production Value Comparison
4.1.1 United States VS China: Vertical Shaft Drilling Rig Production Value Comparison (2021 & 2025 & 2032)
4.1.2 United States VS China: Vertical Shaft Drilling Rig Production Value Market Share Comparison (2021 & 2025 & 2032)
4.2 United States VS China: Vertical Shaft Drilling Rig Production Comparison
4.2.1 United States VS China: Vertical Shaft Drilling Rig Production Comparison (2021 & 2025 & 2032)
4.2.2 United States VS China: Vertical Shaft Drilling Rig Production Market Share Comparison (2021 & 2025 & 2032)
4.3 United States VS China: Vertical Shaft Drilling Rig Consumption Comparison
4.3.1 United States VS China: Vertical Shaft Drilling Rig Consumption Comparison (2021 & 2025 & 2032)
4.3.2 United States VS China: Vertical Shaft Drilling Rig Consumption Market Share Comparison (2021 & 2025 & 2032)
4.4 United States Based Vertical Shaft Drilling Rig Manufacturers and Market Share, 2021-2026
4.4.1 United States Based Vertical Shaft Drilling Rig Manufacturers, Headquarters and Production Site (States, Country)
4.4.2 United States Based Manufacturers Vertical Shaft Drilling Rig Production Value (2021-2026)
4.4.3 United States Based Manufacturers Vertical Shaft Drilling Rig Production (2021-2026)
4.5 China Based Vertical Shaft Drilling Rig Manufacturers and Market Share
4.5.1 China Based Vertical Shaft Drilling Rig Manufacturers, Headquarters and Production Site (Province, Country)
4.5.2 China Based Manufacturers Vertical Shaft Drilling Rig Production Value (2021-2026)
4.5.3 China Based Manufacturers Vertical Shaft Drilling Rig Production (2021-2026)
4.6 Rest of World Based Vertical Shaft Drilling Rig Manufacturers and Market Share, 2021-2026
4.6.1 Rest of World Based Vertical Shaft Drilling Rig Manufacturers, Headquarters and Production Site (State, Country)
4.6.2 Rest of World Based Manufacturers Vertical Shaft Drilling Rig Production Value (2021-2026)
4.6.3 Rest of World Based Manufacturers Vertical Shaft Drilling Rig Production (2021-2026)
5 Market Analysis by Type
5.1 World Vertical Shaft Drilling Rig Market Size Overview by Type: 2021 VS 2025 VS 2032
5.2 Segment Introduction by Type
5.2.1 Raise Boring Machine
5.2.2 Shaft Drilling Machine
5.2.3 Deep Shaft Drilling Rig
5.3 Market Segment by Type
5.3.1 World Vertical Shaft Drilling Rig Production by Type (2021-2032)
5.3.2 World Vertical Shaft Drilling Rig Production Value by Type (2021-2032)
5.3.3 World Vertical Shaft Drilling Rig Average Price by Type (2021-2032)
6 Market Analysis by Diameter
6.1 World Vertical Shaft Drilling Rig Market Size Overview by Diameter: 2021 VS 2025 VS 2032
6.2 Segment Introduction by Diameter
6.2.1 <1m
6.2.2 1-4m
6.2.3 4-12m
6.3 Market Segment by Diameter
6.3.1 World Vertical Shaft Drilling Rig Production by Diameter (2021-2032)
6.3.2 World Vertical Shaft Drilling Rig Production Value by Diameter (2021-2032)
6.3.3 World Vertical Shaft Drilling Rig Average Price by Diameter (2021-2032)
7 Market Analysis by Drive Type
7.1 World Vertical Shaft Drilling Rig Market Size Overview by Drive Type: 2021 VS 2025 VS 2032
7.2 Segment Introduction by Drive Type
7.2.1 Full Hydraulic Shaft Drilling Rig
7.2.2 Electric Shaft Drilling Rig
7.2.3 Other
7.3 Market Segment by Drive Type
7.3.1 World Vertical Shaft Drilling Rig Production by Drive Type (2021-2032)
7.3.2 World Vertical Shaft Drilling Rig Production Value by Drive Type (2021-2032)
7.3.3 World Vertical Shaft Drilling Rig Average Price by Drive Type (2021-2032)
8 Market Analysis by Application
8.1 World Vertical Shaft Drilling Rig Market Size Overview by Application: 2021 VS 2025 VS 2032
8.2 Segment Introduction by Application
8.2.1 Mining Engineering
8.2.2 Hydraulic and Hydro-power Engineering
8.2.3 Geothermal and Energy Engineering
8.2.4 Geological Exploration
8.3 Market Segment by Application
8.3.1 World Vertical Shaft Drilling Rig Production by Application (2021-2032)
8.3.2 World Vertical Shaft Drilling Rig Production Value by Application (2021-2032)
8.3.3 World Vertical Shaft Drilling Rig Average Price by Application (2021-2032)
9 Company Profiles
9.1 Herrenknecht
9.1.1 Herrenknecht Details
9.1.2 Herrenknecht Major Business
9.1.3 Herrenknecht Vertical Shaft Drilling Rig Product and Services
9.1.4 Herrenknecht Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.1.5 Herrenknecht Recent Developments/Updates
9.1.6 Herrenknecht Competitive Strengths & Weaknesses
9.2 Mühlhäuser
9.2.1 Mühlhäuser Details
9.2.2 Mühlhäuser Major Business
9.2.3 Mühlhäuser Vertical Shaft Drilling Rig Product and Services
9.2.4 Mühlhäuser Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.2.5 Mühlhäuser Recent Developments/Updates
9.2.6 Mühlhäuser Competitive Strengths & Weaknesses
9.3 Komatsu
9.3.1 Komatsu Details
9.3.2 Komatsu Major Business
9.3.3 Komatsu Vertical Shaft Drilling Rig Product and Services
9.3.4 Komatsu Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.3.5 Komatsu Recent Developments/Updates
9.3.6 Komatsu Competitive Strengths & Weaknesses
9.4 Master Drilling
9.4.1 Master Drilling Details
9.4.2 Master Drilling Major Business
9.4.3 Master Drilling Vertical Shaft Drilling Rig Product and Services
9.4.4 Master Drilling Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.4.5 Master Drilling Recent Developments/Updates
9.4.6 Master Drilling Competitive Strengths & Weaknesses
9.5 Terratec
9.5.1 Terratec Details
9.5.2 Terratec Major Business
9.5.3 Terratec Vertical Shaft Drilling Rig Product and Services
9.5.4 Terratec Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.5.5 Terratec Recent Developments/Updates
9.5.6 Terratec Competitive Strengths & Weaknesses
9.6 Palmieri Group
9.6.1 Palmieri Group Details
9.6.2 Palmieri Group Major Business
9.6.3 Palmieri Group Vertical Shaft Drilling Rig Product and Services
9.6.4 Palmieri Group Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.6.5 Palmieri Group Recent Developments/Updates
9.6.6 Palmieri Group Competitive Strengths & Weaknesses
9.7 Epiroc
9.7.1 Epiroc Details
9.7.2 Epiroc Major Business
9.7.3 Epiroc Vertical Shaft Drilling Rig Product and Services
9.7.4 Epiroc Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.7.5 Epiroc Recent Developments/Updates
9.7.6 Epiroc Competitive Strengths & Weaknesses
9.8 Lone Star Drilling Company
9.8.1 Lone Star Drilling Company Details
9.8.2 Lone Star Drilling Company Major Business
9.8.3 Lone Star Drilling Company Vertical Shaft Drilling Rig Product and Services
9.8.4 Lone Star Drilling Company Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.8.5 Lone Star Drilling Company Recent Developments/Updates
9.8.6 Lone Star Drilling Company Competitive Strengths & Weaknesses
9.9 Boart Longyear
9.9.1 Boart Longyear Details
9.9.2 Boart Longyear Major Business
9.9.3 Boart Longyear Vertical Shaft Drilling Rig Product and Services
9.9.4 Boart Longyear Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.9.5 Boart Longyear Recent Developments/Updates
9.9.6 Boart Longyear Competitive Strengths & Weaknesses
9.10 XCMG Construction Machinery Co., Ltd.
9.10.1 XCMG Construction Machinery Co., Ltd. Details
9.10.2 XCMG Construction Machinery Co., Ltd. Major Business
9.10.3 XCMG Construction Machinery Co., Ltd. Vertical Shaft Drilling Rig Product and Services
9.10.4 XCMG Construction Machinery Co., Ltd. Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.10.5 XCMG Construction Machinery Co., Ltd. Recent Developments/Updates
9.10.6 XCMG Construction Machinery Co., Ltd. Competitive Strengths & Weaknesses
9.11 Northern Heavy Industries Group Co., Ltd.
9.11.1 Northern Heavy Industries Group Co., Ltd. Details
9.11.2 Northern Heavy Industries Group Co., Ltd. Major Business
9.11.3 Northern Heavy Industries Group Co., Ltd. Vertical Shaft Drilling Rig Product and Services
9.11.4 Northern Heavy Industries Group Co., Ltd. Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.11.5 Northern Heavy Industries Group Co., Ltd. Recent Developments/Updates
9.11.6 Northern Heavy Industries Group Co., Ltd. Competitive Strengths & Weaknesses
9.12 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd.
9.12.1 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Details
9.12.2 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Major Business
9.12.3 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Vertical Shaft Drilling Rig Product and Services
9.12.4 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.12.5 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Recent Developments/Updates
9.12.6 Zhangjiakou Xuanhua Huatai Mining & Metallurgical Machinery Co., Ltd. Competitive Strengths & Weaknesses
9.13 Jikai Equipment Manufacturing Co., Ltd.
9.13.1 Jikai Equipment Manufacturing Co., Ltd. Details
9.13.2 Jikai Equipment Manufacturing Co., Ltd. Major Business
9.13.3 Jikai Equipment Manufacturing Co., Ltd. Vertical Shaft Drilling Rig Product and Services
9.13.4 Jikai Equipment Manufacturing Co., Ltd. Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.13.5 Jikai Equipment Manufacturing Co., Ltd. Recent Developments/Updates
9.13.6 Jikai Equipment Manufacturing Co., Ltd. Competitive Strengths & Weaknesses
9.14 Zhongmei Mining Construction Group
9.14.1 Zhongmei Mining Construction Group Details
9.14.2 Zhongmei Mining Construction Group Major Business
9.14.3 Zhongmei Mining Construction Group Vertical Shaft Drilling Rig Product and Services
9.14.4 Zhongmei Mining Construction Group Vertical Shaft Drilling Rig Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.14.5 Zhongmei Mining Construction Group Recent Developments/Updates
9.14.6 Zhongmei Mining Construction Group Competitive Strengths & Weaknesses
10 Industry Chain Analysis
10.1 Vertical Shaft Drilling Rig Industry Chain
10.2 Vertical Shaft Drilling Rig Upstream Analysis
10.2.1 Vertical Shaft Drilling Rig Core Raw Materials
10.2.2 Main Manufacturers of Vertical Shaft Drilling Rig Core Raw Materials
10.3 Midstream Analysis
10.4 Downstream Analysis
10.5 Vertical Shaft Drilling Rig Production Mode
10.6 Vertical Shaft Drilling Rig Procurement Model
10.7 Vertical Shaft Drilling Rig Industry Sales Model and Sales Channels
10.7.1 Vertical Shaft Drilling Rig Sales Model
10.7.2 Vertical Shaft Drilling Rig Typical Distributors
11 Research Findings and Conclusion
12 Appendix
12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer