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
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
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
Key Market Players
- Action D&B
- Byrnecut Australia