The Mining Drilling Services Global Market Report 2023 by The Business Research Company, provides mining drilling services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Mining Drilling Services Global Market Report 2023, the market size is expected to grow from $2.64 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global mining drilling services market is expected to grow to $3.73 billion in 2027 at a CAGR of 6.9%
The rise in the production of mining is expected to propel the growth of the mining drilling services market going forward. Mining refers to the method of extracting useful materials from the earth. Mining production is growing due to industries’ dependency on the supply of mineral commodities from underground. Thus, these requirements have increased the demand for mining drilling services.
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The mining drilling services market is segmented:
1) By Type: Surface Mining, Underground Mining
2) By Application: Metal, Coal, Mineral, Quarry
3) By End-User: Construction, Manufacturing, Technology Industries
Technological advancement is a key trend gaining popularity in the mining drilling services market. Major companies operating in the mining drilling services market are focused on developing new technological solutions to strengthen their position in the market. For instance, in July 2021, Perenti, an Australia-based company operating in mining drilling services, launched idoba, a new technology-driven service offering for the mining industry, that leverages in-house technology and data expertise to add value to the global mining services activities. The idoba technology is the culmination of Perenti’s strategic technological growth which, in addition to supporting the Perenti business, would provide digital product and technology services to clients with revenue and earnings that are generated from these services.
The mining drilling services market report table of contents includes:
1. Executive Summary
2. Mining Drilling Services Market Characteristics
3. Mining Drilling Services Market Trends And Strategies
4. Mining Drilling Services Market – Macro Economic Scenario
5. Mining Drilling Services Market Size And Growth
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26. Africa Mining Drilling Services Market
27. Mining Drilling Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mining Drilling Services Market
29. Mining Drilling Services Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Action Drill & Blast
- Ausdrill
- BoartLongyear
- Byrnecut Mining Pty. Ltd
- PT United Tractors Tbk
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