The Global Mining Support Activities Market Report by The Business Research Company covers mining support activities market drivers and restraints, mining support activities market size, major players, and the impact of COVID-19 on the mining support activities market.
The mining support activities market consists of sales of mining support services and related goods by entities (organizations, sole traders and partnerships) that perform support activities on a contract or fee basis for coal, metal and non-metallic mineral (except fuels) mining. Support activities include exploration of minerals, drilling, draining of mines and other support activities. The mining support activities market is segmented into coal mining support activities, metal mining support activities and non-metallic minerals mining support activities.
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 global mining support activities market is expected to grow from $163.7 billion in 2020 to $187.68 billion in 2021 at a compound annual growth rate (CAGR) of 14.6%. 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 $222.63 billion in 2025 at a CAGR of 4%.
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Some mining support activities market trends include GIS technology, which is increasingly being used by mining companies to monitor critical factors such as sustainability, geological composition and compliance. GIS systems capture, record, evaluate and present spatial or geographic data. GIS integrates exploration datasets such as geophysical images, geochemistry, geologic maps, radiometric surveys, boreholes, and mineral deposits leading to efficient discovery of new mineral deposits. This technology also provides 3D visualization tools as it integrates data from various data sources.
Global mining support activities market segments include:
1) By Type: Coal Mining Support Activities, Metal Mining Support Activities, Non-metallic Minerals Mining Support Activities.
2) By Service Provider Type: Independent Contractors, Companies.
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, Non-metallic Minerals Mining Drilling Services, Non-metallic Minerals Mining Exploration Services, Non-metallic Minerals Mining Draining Services, Other Non-metallic Minerals Mining Support Activities.
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 mining support activities market share.
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The 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 mining support activities market overviews, analyzes and forecasts market size, share, mining support activities market players, mining support activities market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The 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 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 Limited, PT United Tractors Tbk, Downer EDI Mining-Blasting Services Pty Ltd, Barminco Ltd, Boart Longyear Ltd.
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 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 Mining Support Activities Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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