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Mining Drilling Services Market

Global Mining Drilling Services Market Share, Forecast: By Mining Type: Coal, Metal, Mineral, Quarry; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Mining Drilling Services Market Outlook

The global mining drilling services market stood at a value of around USD 2.86 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.50% to reach USD 5.06 billion by 2032.

 

mining drilling services market

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Increasing Demand for Coal for various Applications is Driving the Global Mining Drilling Services Industry

The increasing demand for coal is propelling the demand for drilling services for coal mining. Over the forecast period, the anticipated rise in demand for coal, due to heightened application in power generation and cement and steel production is likely to bolster the market growth. In addition to this, favourable policies of the government of emerging economies to ramp up the production of coal to bridge the gap between demand and supply of coals is likely to aid the coal mining segment. Moreover, coal is comparatively cheaper to mine and the supplies of this fossil fuel is more than its counterparts such as oil and gas. These advantages of coal mining are anticipated to generate a significant demand for drilling services. Furthermore, the growing research and development activities aimed towards reducing the detrimental impact on environment by coal mining are likely to be a boon for the market over the forecast period.

 

The Asia Pacific Accounts for a Significant Share in the Market for Mining Drilling Services

The market in this region is being driven by the increasing demand for mining drilling services for the excavation of precious minerals such as gold, silver, and platinum in countries such as India, where the requirement of jewellery and ornaments is high. Over the forecast period, the rapid industrialisation, urbanisation, and infrastructure development in the emerging economies of the continent is anticipated to boost the demand for mining drilling services. Moreover, the rising aerospace and defence expenditure in the military power such as India and China are propelling the demand for durable and strong metals for the manufacture of equipment. This is likely to accelerate the mining processes in the coming years.

 

Market Segmentation

Mining drilling services refer to the process of extracting valuable minerals and metals for various mining customer bases. These services may include the offering of different samples of soil for analysis purposes, land exploration, and geotechnical applications. The methods of drilling involved in these services differ, and can include auger drilling, aircore, and diamond core, among others.

 

mining drilling services market by segments

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Based on mining type, the market can be segmented into:

  • Coal
  • Metal
  • Mineral
  • Quarry

 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

mining drilling services market by region

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Increasing Application of Mining Drilling Services for the Extraction of Valuable Metals to Boost the Growth of the Mining Drilling Services Industry

The increasing demand for mining drilling services for the extraction of valuable metals owing to the increasing application of these metals in building and construction and automotive industry is driving the market growth. In addition to this, the growing demand for lithium to manufacture lithium-ion batteries is propelling the dependence on mining drilling services. In this regard, an increased adoption of lithium-ion battery powered electronic gadgets in the household is being witnessed. Moreover, drilling techniques for mining applications are extremely reliable and can maximise output even in toughest conditions. Over the forecast period, the increasing preference of mining customers towards drilling services providing equipment capable of carrying out high-capacity rock drilling in quarries and rock excavation projects is anticipated to accelerate the market growth. Furthermore, the market is anticipated to be aided by the technological advancements in the drilling technology which include the penetration of global positioning system (GPS) and wireless communication and sensors, which are likely to bolster the operational efficiency and precision in the drilling process.

 

Key Players in the Global Mining Drilling Services Market

The report gives a detailed analysis of the following key players in the global mining drilling services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Action Drill & Blast
  • Perenti Global Limited
  • Boart Longyear
  • Byrnecut Australia Pty Ltd
  • PT United Tractors TBK
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Mining Type
  • Region
Breakup by Mining Type
  • Coal
  • Metal
  • Mineral
  • Quarry
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Action Drill & Blast
  • Perenti Global Limited
  • Boart Longyear
  • Byrnecut Australia Pty Ltd
  • PT United Tractors TBK
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Mining Drilling Services Market Report Snapshots

Mining Drilling Services Market Size

Mining Drilling Services Market Share

Mining Drilling Services Market Growth

Mining Drilling Services Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market
8    Global Mining Drilling Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Mining Drilling Services Historical Market (2018-2023) 
    8.3    Global Mining Drilling Services Market Forecast (2024-2032)
    8.4    Global Mining Drilling Services Market by Mining Type
        8.4.1    Coal
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Metal
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Mineral
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Quarry
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Mining Drilling Services Market by Region       
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
9    North America Mining Drilling Services Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Mining Drilling Services Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Mining Drilling Services Market Analysis
    11.1    China    
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Mining Drilling Services Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Mining Drilling Services Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Action Drill & Blast
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Perenti Global Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Boart Longyear
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Byrnecut Australia Pty Ltd
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    PT United Tractors TBK
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Mining Drilling Services Market: Key Industry Highlights, 2018 and 2032
2.    Global Mining Drilling Services Historical Market: Breakup by Mining Type (USD Billion), 2018-2023
3.    Global Mining Drilling Services Market Forecast: Breakup by Mining Type (USD Billion), 2024-2032
4.    Global Mining Drilling Services Historical Market: Breakup by Region (USD Billion), 2018-2023
5.    Global Mining Drilling Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
6.    North America Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2023
7.    North America Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
8.    Europe Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    Europe Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Asia Pacific Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Asia Pacific Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Latin America Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Latin America Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Middle East and Africa Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Middle East and Africa Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Global Mining Drilling Services Market Structure.

Key Questions Answered in the Report

In 2023, the global mining drilling services market attained a value of nearly USD 2.86 billion.

The market is estimated to grow at a CAGR of 6.50% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.06 billion by 2032.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the increasing demand for valuable minerals and materials from various end use industries such as building and construction, rapid urbanisation and industrialisation in the emerging economies, and growing adoption of lithium-ion based electrical gadgets.

The increasing penetration of technology such as global positioning system (GPS) and wireless communication and sensors, in the drilling techniques are likely to be the key trends in the market.

Coal, metal, mineral, and quarry are the different products, based on which the market has been segmented.

The major players in the industry are Action Drill & Blast, Perenti Global Limited, Boart Longyear, Byrnecut Australia Pty Ltd, and PT United Tractors TBK, among others.

Analyst Review

The global mining drilling services market reached a value of around USD 2.86 billion in 2023, driven by the increasing application of precious metals and minerals in aerospace and defence and automotive industry and thriving building and construction sector. Aided by the technological advancements in the drilling technologies, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.50%, to reach a value of about USD 5.06 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on mining type, the market has been segmented into coal, metal, mineral, and quarry. The major regional markets for mining drilling services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Action Drill & Blast, Perenti Global Limited, Boart Longyear, Byrnecut Australia Pty Ltd, and PT United Tractors TBK, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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