The global mining drilling services market size reached US$ 2.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2022-2028.
Mining drilling services refer to the drilling operations carried out on a contractual basis for the extraction of coal, metals and minerals. They involve services for mine exploration, development, production and mine closure. These services are also used for body characterization, surface and underground blast hole drilling, underground roof bolting and cabling and dewatering. They use autonomous drills, rotary steerable systems and mud motors for logging-while-drilling (LWD), measurement-while-drilling (MWD) operations. Mining drilling services provide accurate and precise depth tracking and aid in improving the efficiency of mining operations and enhancing the safety of the workforce. As a result, they find extensive applications for mineral, coal, quarry and metal mining.
2. What is the expected growth rate of the global mining drilling services market during 2023-2028?
3. What are the key factors driving the global mining drilling services market?
4. What has been the impact of COVID-19 on the global mining drilling services market?
5. What is the breakup of the global mining drilling services market based on the mining type?
6. What are the key regions in the global mining drilling services market?
7. Who are the key players/companies in the global mining drilling services market?
Mining drilling services refer to the drilling operations carried out on a contractual basis for the extraction of coal, metals and minerals. They involve services for mine exploration, development, production and mine closure. These services are also used for body characterization, surface and underground blast hole drilling, underground roof bolting and cabling and dewatering. They use autonomous drills, rotary steerable systems and mud motors for logging-while-drilling (LWD), measurement-while-drilling (MWD) operations. Mining drilling services provide accurate and precise depth tracking and aid in improving the efficiency of mining operations and enhancing the safety of the workforce. As a result, they find extensive applications for mineral, coal, quarry and metal mining.
Mining Drilling Services Market Trends:
Significant growth in the mining industry across the globe, along with increasing off-shore and on-shore oil exploration activities, is one of the key factors creating a positive outlook for the market. To meet the growing energy requirements, both developed and emerging economies are increasingly adopting effective mining and drilling services to ensure optimum extraction of oil and gas resources. Moreover, widespread adoption of low-emission energy and transportation systems across industries is providing a thrust to the market growth. Automobile manufacturers are integrating components that use mineral-based fuels in place of fossil fuels to minimize the carbon footprints. In line with this, the increasing utilization of directional drilling services is also contributing to the growth of the market. These services offer enhanced flexibility and minimal site restoration requirements, soil contamination and geological abnormalities. Additionally, various advancements in the drilling technologies, such as the development of battery-operated drill rigs, are favoring the market growth. Other factors, including the implementation of favorable government policies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global mining drilling services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on mining type.Breakup by Mining Type:
- Metal
- Coal
- Mineral
- Quarry
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Action Drill & Blast, Baker Hughes, Boart Longyear, Byrnecut Group, Halliburton Company, Perenti Global Limited, PT UNITED TRACTORS TBK and Schlumberger Limited.Key Questions Answered in This Report
1. How big is the global mining drilling services market?2. What is the expected growth rate of the global mining drilling services market during 2023-2028?
3. What are the key factors driving the global mining drilling services market?
4. What has been the impact of COVID-19 on the global mining drilling services market?
5. What is the breakup of the global mining drilling services market based on the mining type?
6. What are the key regions in the global mining drilling services market?
7. Who are the key players/companies in the global mining drilling services market?
Table of Contents
1 Preface3 Executive Summary9 Value Chain Analysis11 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Mining Drilling Services Market
6 Market Breakup by Mining Type
7 Market Breakup by Region
8 SWOT Analysis
10 Porters Five Forces Analysis
12 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Action Drill & Blast
- Baker Hughes
- Boart Longyear
- Byrnecut Group
- Halliburton Company
- Perenti Global Limited
- PT UNITED TRACTORS TBK and Schlumberger Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | November 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2.5 Billion |
| Forecasted Market Value ( USD | $ 3.8 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
