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Global Mining Drilling Services Market: By Mining Type: Coal, Metal, Mineral, Quarry; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Industry Events and Developments
Global Mining Drilling Services Market Outlook
The global mining drilling services market stood at a value of around USD 2.52 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.50% to reach USD 3.69 billion by 2027.
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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.
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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.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Mining Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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. |
*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 (2018-2022)
8.3 Global Mining Drilling Services Market Forecast (2023-2028)
8.4 Global Mining Drilling Services Market by Mining Type
8.4.1 Coal
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Metal
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Mineral
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Quarry
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.5 Global Mining Drilling Services Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Mining Drilling Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Mining Drilling Services Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Mining Drilling Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Mining Drilling Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Mining Drilling Services Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Mining Drilling Services Historical Market: Breakup by Mining Type (USD Billion), 2018-2022
3. Global Mining Drilling Services Market Forecast: Breakup by Mining Type (USD Billion), 2023-2028
4. Global Mining Drilling Services Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Mining Drilling Services Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Mining Drilling Services Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Mining Drilling Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Global Mining Drilling Services Market Structure.
Key Questions Answered in the Report
In 2021, the global mining drilling services market attained a value of nearly USD 2.52 billion.
The market is estimated to grow at a CAGR of 6.50% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 3.69 billion by 2027.
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 2.52 billion in 2021, 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 2023-2028, growing at a CAGR of 6.50%, to reach a value of about USD 3.69 billion by 2027.
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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