rock drill bit exporters

China lead the world in rock drill bit exports in 2017, with a massive $1.2 billion in revenue – accounting for an impressive sixty percent of the global market. This is a dramatic rise from recent years, firmly cementing China’s standing as the preeminent supplier of these items.

The majority of China’s rock drill bits find their way to developing nations in the continents of Asia, Africa, and Latin America where these are utilised extensively in various industries such as mining, construction, and quarrying.

When it comes to the task of breaking through rocky surfaces, China’s drill bits are armed with a reliable and tough asset – tungsten carbide. This strong and solid material can bear both the blazing heat and powerful force associated with the process of piercing into rock. Furthermore, its knack for resisting wear and tear makes it an ideal choice for drill bits.

Due to its abundance of tungsten carbide and competitive labor prices, Chinese manufacturers of rock drill bits have gained a significant advantage against their global opponents; they are able to produce these tools far more cheaply.

In a show of support for the rock drill bit industry, the Chinese government has granted manufacturers generous financial incentives and tax relief.

In the midst of a pandemic-induced economic climate, the rock drill bit industry in China still boasts a bright future. This potential for growth will be spurred by the long-term expansion of China’s formidable mining and construction sectors, along with climbing global interest in these products as developing countries continue to evolve.

Related Product