The mining drilling services market was valued at $2.5 billion in 2019, and is projected to reach $4.4 billion by 2030, growing at a CAGR of 6.7% from 2020 to 2030.
Drilling services can be defined as drilling activities carried out on contract basis for various mining customer base, operating across a broad range of commodities. The wide ranges of commodities are coal; metals such as copper, nickel, zinc, and other metal minerals and others. Drilling services for minerals include steps such as extraction of solid rock core. The technical analysis is carried out after extraction of solid rock core. These types of services are termed as noncore activities by mining companies and are generally contracted to service providers, such as BoartLongyear. The technical analysis offers mining companies with critical data or information regarding the life of a mining project. Drilling services are used in each stage of the life cycle of the mining operation. The stages of mining operation are exploration, development &production, and mine closure.
The market is anticipated to witness considerable growth, owing to numerous factors such as rise in mining production, advancement in the drilling methods or technologies, and others. However, one of the factors hindering the growth of the market is stringent environment regulations. The mining drilling services market is segmented on the basis of mining type and region. Depending on mining type, the market is classified into coal, metal, mineral, and quarry. On the basis of region, the market is analyzed across the North America, Europe, Asia-Pacific, and LAMEA. The key players profiled in the report are BoartLongyear, Ausdrill, Action D&B, PAMA, and Byrnecut Australia.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
BY Mining Type
By Region
KEY MARKET PLAYERS
Drilling services can be defined as drilling activities carried out on contract basis for various mining customer base, operating across a broad range of commodities. The wide ranges of commodities are coal; metals such as copper, nickel, zinc, and other metal minerals and others. Drilling services for minerals include steps such as extraction of solid rock core. The technical analysis is carried out after extraction of solid rock core. These types of services are termed as noncore activities by mining companies and are generally contracted to service providers, such as BoartLongyear. The technical analysis offers mining companies with critical data or information regarding the life of a mining project. Drilling services are used in each stage of the life cycle of the mining operation. The stages of mining operation are exploration, development &production, and mine closure.
The market is anticipated to witness considerable growth, owing to numerous factors such as rise in mining production, advancement in the drilling methods or technologies, and others. However, one of the factors hindering the growth of the market is stringent environment regulations. The mining drilling services market is segmented on the basis of mining type and region. Depending on mining type, the market is classified into coal, metal, mineral, and quarry. On the basis of region, the market is analyzed across the North America, Europe, Asia-Pacific, and LAMEA. The key players profiled in the report are BoartLongyear, Ausdrill, Action D&B, PAMA, and Byrnecut Australia.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the mining drilling services market from 2019 to 2030 to determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- Estimations and forecast are based on factors impacting the market growth, in terms of revenue.
- Profiles of leading players operating in the mining drilling services market are provided to understand the competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET SEGMENTS
BY Mining Type
- Coal
- Metal
- Mineral
- Quarry
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- LAMEA
KEY MARKET PLAYERS
- BoartLongyear
- Ausdrill
- Action D&B
- PAMA
- Byrnecut Australia
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Drilling Service Market, by Mining Type
Chapter 5: Drilling Services Market, by Region
Chapter 6: Company Profiles
Executive Summary
According to the report titled, 'Mining Drilling Services Market by Mining Type: Opportunity Analysis and Industry Forecast, 2020-2030' the demand for drilling services majorly depends on the exploration, production, and development activities conducted by mining companies, specifically with respect to commodities such as gold, copper, and other metals. Drilling services also comprise wide range of drilling technologies such as surface &underground diamond coring, reverse circulation, sonic drilling, and others.The demand for drilling services is expected to increase in metal mining. This is attributed to rise in production of electric vehicles. As rise in production of electric vehicles fuels the adoption of lithium, which is used in the manufacturing of batteries. However, currently, the mining activities in Asia are hampered and the exports are disrupted due to COVID-19. Moreover, because of the quarantine measures, the supply chain is shattered across the global market, which is negatively impacting the market.
The mining drilling services market is analyzed on the basis of mining type and region. On the basis of mining type, the market is fragmented into coal, metal, mineral, and quarry. On the basis of region, the market is analyzed across the U.S., Asia-Pacific, and rest of the world. According to the U.sS. Geological Survey, U.S. mines produced nearly $82.2 billion in minerals in the year 2018.. There is 3% increase in the mining production as compare to the production in the year 2017. This increase in mining and production activities in the region drives the growth of the U.S. drilling services market. China, India, Australia, and Indonesia are the top players in the coal production globally, which is driving the mining drilling services market growth in the Asia-Pacific region. Most of the coal produced in Asia-Pacific is utilized in the electricity production followed by the iron & steel industry, and other.
The mining drilling services market size was valued at $2.5 billion in 2019, and is projected to reach $4.4 billion by 2030, growing at a CAGR of 6.7% from 2020 to 2030. On the basis of mining type, the mineral segment accounted for the highest share in the market, more than half of market, in 2019. In addition, the metal segment accounted for one fourth market share. This is attributed to increase in the demand for lithium, and cobalt owing to rise in adoption of lithium from battery manufacturers. By region, Asia-Pacific accounted for the second highest share in the market; around 57.0% share in 2019. This is attributed to the presence of key players in the region
The major player studied and profiled in the global mining drilling services Market are BoartLongyear, Ausdrill, Action D&B, PAMA, and Byrnecut Australia.
Key Findings of the Study:
On the basis of mining type, the coal segment garnered a share of 4.4% in 2019 in terms of revenue.
By region, Europe and North America acquired the more than half of mining drilling services market share in 2019, and Asia-Pacific is anticipated to be the largest segment by the end of 2030.
Australia is the fastest growing market in the pharmaceuticals sector, registering a significant CAGR during the forecast period
Mineral mining segment is the capturing major share in the mining drilling services market, growing at a significant CAGR from 2020 to 2030.
Layne Drilling is the key player in the U.S. mining drilling services market, holding around one-fourth market share.
Companies Mentioned
- BoartLongyear
- Ausdrill
- Action D&B
- PAMA
- Byrnecut Australia
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
