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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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
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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

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124