The Global Metal Mining Support Activities Market Report by The Business Research Company covers metal mining support activities market drivers and restraints, metal mining support activities market size, major players, and the impact of COVID-19 on the metal mining support activities market.
The metal mining support activities (except site preparation and related construction activities) market consists of sales of support activities for metal mining (except site preparation and related construction activities) by entities (organizations, sole traders and partnerships) that perform support activities for mining and quarrying of metallic minerals and for extraction of metal ores. Exploration for these minerals is included in this market and it includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites (but not geophysical surveying and mapping services). The metal mining support activities market is segmented into metal mining drilling services, metal mining exploration services, metal mining draining services and other metal mining support activities.
Mining support companies are increasingly opting for 3D modeling technologies which reduce costs of discovery, improves prospecting and facilitates focused exploration.
The global metal mining support activities market is expected to grow from $109.43 billion in 2020 to $127.69 billion in 2021 at a compound annual growth rate (CAGR) of 16.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $152.13 billion in 2025 at a CAGR of 4%.
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Some metal mining support activities market trends include mining support companies increasingly opting for 3D modeling technologies which reduce costs of discovery, improve prospecting and facilitate focused exploration. A geological 3D modeling tool provides computerized illustrations of earth crust based on geological and geophysical observations made on earth surface and earth crust. It also provides detailed mapping and visualization of structural data of prospective mining zones and supports companies in resource estimation of mines, thus aiding the stakeholders to better interpret the data.
Global metal mining support activities market segments include:
1) By Type: Metal Mining Drilling Services, Metal Mining Exploration Services, Metal Mining Draining Services, Other Metal Mining Support Activities.
2) By Process: Underground, Opencast.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global metal mining support activities market share.
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The Metal Mining Support Activities Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides metal mining support activities market overviews, analyzes and forecasts market size, share, metal mining support activities market players, metal mining support activities market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The metal mining support activities market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Metal Mining Support Activities Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: CIMIC Group, PT United Tractors, Downer Blasting Services (DBS), Barminco Holdings Pty Limited, Boart Longyear.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Metal Mining Support Activities Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Metal Mining Support Activities Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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