Mining Drilling Services Market - Global Industry Analysis

Mining Drilling Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Heavy Industry Report Format : PDF Report Code: ZMR-6909 Status : Upcoming

Description

Global Mining Drilling Services Market: Overview

The global market for mining drilling services was estimated at USD 2,495.3 million in 2020 and it is expected to expand at a CAGR of 6.1% over the forecast period. Drilling is an important part of the mining industry and is utilized for a variety of objectives including body characterization, surface, & underground roof bolting, underground blast hole drilling, & cabling, dewatering, and others. Drilling technology has seen several developments, including the creation of global positioning systems (GPS), sensors, wireless communications, and others. While many things are in the works, such as battery-powered drill rigs and automated drill rigs. A quick option for excavation operations in the mining sector is provided by automated drilling rig. Furthermore, battery-powered drill rigs can drill blast patterns in less time and with greater accuracy than human-powered devices.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Mining Drilling Services Market: Growth Factors

The global mining drilling services market is growing at a speedy rate. Growing energy need supported by new infrastructure construction is the prime factor that is fostering the growth of the market. Over the previous few decades, different nations around the world have seen a significant increase in overall energy use. The construction of new industrial and commercial infrastructures has spurred both developing and developed economies to produce massive power demand, hence fueling the expansion of this industry. In addition to this, hydrocarbon industry developments and discoveries in the oil field strengthen market prospects. Some of the benefits of battery-powered drill rigs include less toxic exhaust gases, lower maintenance costs, and the ability to sustain long hours of uninterrupted mining operations if fitted with exchangeable or chargers batteries. All these advantages of the device are adding up to the growth of the market. Furthermore, technological advancements and collaborations with tech companies to upgrade the features of the device may generate numerous opportunities for the growth of the global mining drilling services market during the forecast period. For instance, in Nov 2019, Microsoft announced that it is using software to train drills, robots, and drones to think like humans. However, the growing preference for the use of energy-efficient technologies may impede global mining drilling services market growth.

The impact of COVID-19 pandemic on the mining drilling services market was severe. This is primarily associated to access to finance, changes in prices of commodities, the availability of the workforce, and services necessary for mining activity. Also, strict regulations around the world led to the halt of any mining activities during the pandemic period. However, mining is considered as one of the pillars of global development and with the occurrence of pre-pandemic conditions, the market for mining drilling services is expected to stabilize and grow at a healthy rate over the forecast period.

Global Mining Drilling Services Market: Segmentation

The global market for mining drilling services is categorized based on type and region. The type segment of the market is bifurcated into coal, mineral, metal, and quarry.

Global Mining Drilling Services Market: Regional Analysis

Asia Pacific is expected to be the largest market in the global mining drilling services market. This is primarily due to increased interest in precious metals and minerals such as gold, diamond, silver, and platinum, which resulted in a larger penetration of mining drills and breakers in Asia Pacific. Furthermore, the increase in demand for coal production as a result of the increase in demand for electricity is propelling the growth of the drilling services market in the region. In terms of reserves, consumption, and production, China is the major contributor to the Asia Pacific metal and coal mining sector. The need for high-quality machinery may be an opportunity for industry participants. Indonesia is a major producer & exporter of coal and has a considerable quantity of confirmed medium and low-quality coal deposits. Further, the growth of the mining industry in Indonesia is expected to offer good opportunities for market expansion.

Global Mining Drilling Services Market: Competitive Players

The global mining drilling services market is largely acquired by key market players. These players include Action D&B, A. BoartLongyear, Ausdrill, Byrnecut Australia, and PAMA.

Global Mining Drilling Services Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global mining drilling services market is growing at a speedy rate. Growing energy need supported by new infrastructure construction is the prime factor that is fostering the growth of the market. Furthermore, technological advancements and collaborations with tech companies to upgrade the features of the device may generate numerous opportunities for the growth of the global mining drilling services market during the forecast period.

The global mining drilling services market is largely acquired by key market players. These players include Action D&B, A. BoartLongyear, Ausdrill, Byrnecut Australia, and PAMA.

Asia Pacific is expected to be the largest market in the global mining drilling services market. This is primarily due to increased interest in precious metals and minerals such as gold, diamond, silver, and platinum, which resulted in a larger penetration of mining drills and breakers in Asia Pacific. Furthermore, the increase in demand for coal production as a result of the increase in demand for electricity is propelling the growth of the drilling services market in the region.

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