The Mining Support Activities Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s insightful Mining Support Activities Global Market Report for 2024, the robust trajectory of the mining support activities market has been unmistakably evident. From its valuation of $283.99 billion in 2023, a significant surge is anticipated, propelling it to a formidable $304.81 billion by 2024, marking an impressive compound annual growth rate (CAGR) of 7.3%. The remarkable expansion during the historical period is attributed to the interplay of global economic dynamics, technological innovations, and geopolitical factors.
Projections for the future are equally compelling, as the mining support activities market is poised for substantial advancement. Forecasts indicate an ascent to $407.48 billion by 2028, with a commendable CAGR of 7.5%. This anticipated growth in the forecast period is underpinned by the transformative forces of automation and digitalization, coupled with the impetus provided by global infrastructure development. Noteworthy trends in this period encompass electrification and lightweighting, the integration of advanced materials, additive manufacturing, digitalization and connectivity, as well as fostering collaboration and partnerships within the industry.
Government policies to support the mining industry is expected to drive the support activities for mining market. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. The amount of government support includes the support through governments’ public finance institutions such as bilateral development banks and export credit agencies investing in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies. For instance, in 2021, the Ministry of mines of the Government of India, enacted the Mines and Minerals Amendment Act 2021, and published The Mineral Conservation and Development Rules to facilitate the growth of Mining industry in India and to regulate the industry.These government policies will continue to support the mining processes and thus are projected to increase the growth of support activities for mining market.
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The mining support activities market covered in this report is segmented –
1) By Type: Coal Mining Support Activities; Metal Mining Support Activities; Nonmetallic Minerals Mining Support Activities
2) By Service Provider Type: Independent Contractors; Companies
3) By Application: Mining Companies; Construction Companies; Other Applications
Top 5 Major Players:
- Metallurgical Corporation of China Limited,
- PT United Tractors Tbk,
- Perenti Global Ltd.,
- NRW Holdings Limited,
- Weir Group PLC
Subsegments Covered: Coal Mining Drilling Services; Coal Mining Exploration Services; Coal Mining Draining Services; Other Coal Mining Support Activities; Metal Mining Drilling Services; Metal Mining Exploration Services; Metal Mining Draining Services; Other Metal Mining Support Activities; Nonmetallic Minerals Mining Drilling Services; Nonmetallic Minerals Mining Exploration Services; Nonmetallic Minerals Mining Draining Services; Other Nonmetallic Minerals Mining Support Activities
The mining support activities market report table of contents includes:
1. Executive Summary
2. Mining Support Activities Market Characteristics
3. Mining Support Activities Product/Service Analysis -Product/Service Examples
4. Mining Support Activities Market Trends And Strategies
5. Mining Support Activities Market – Macro Economic Scenario
….
68. Global Mining Support Activities Market Competitive Benchmarking
69. Global Mining Support Activities Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Mining Support Activities Market
71. Mining Support Activities Market Future Outlook and Potential Analysis
72. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Mining Support Activities Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Mining Support Activities Market, Segmentation By Service Provider Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Mining Support Activities Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 144: Metallurgical Corporation of China Limited Financial Performance
Table 145: PT United Tractors Tbk Financial Performance
Table 146: Perenti Global Ltd Financial Performance
Table 147: NRW Holdings Limited Financial Performance
Table 148: Weir Group plc. Financial Performance
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