How Is the Metal Mining Support Activities Market Expected To Grow Through 2023-2032?
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According to The Business Research Company’s Metal Mining Support Activities Global Market Report 2023, The global metal mining support activities market is expected to grow from $158.86 billion in 2022 to $170.09 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The metal mining support activities market is expected to grow to $234.19 billion in 2027 at a CAGR of 8.3%.
Asia-Pacific held the largest metal mining support activities market share.
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Key Metal Mining Support Activities Market Segments
The global metal mining support activities market is segmented –
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
3) By Service Provider Type: Independent Contractors, Companies
Metal Mining Support Activities Market Prominent Players
Major players in the metal mining support activities market are The Metallurgical Corp of China, Hochtief AG, NRW Holdings Limited, The Weir Group plc, Major Drilling Group International Inc., Aveng Limited, Boart Longyear Ltd., and Foraco International SA.
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Prominent Metal Mining Support Activities Market Trend
Mining support firms are increasingly turning to 3D modelling tools to minimise discovery costs, improve prospecting, and enable focussed exploration. A geological 3D modelling tool creates computerised images of the earth’s crust based on geological and geophysical data of the earth’s surface and crust. It also provides extensive mapping and visualisation of structural data of prospective mining zones, as well as assistance to corporations in mine resource assessment, allowing stakeholders to better interpret the data. This technology improves exploration success rates and discovery efficiency. For example, BRGM, a major geological exploration company based in France, performed 3D geological modelling at the Gardanne coal basin.
The Metal Mining Support Activities Global Market Report 2023 provides comprehensive insights on the metal mining support activities market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the metal mining support activities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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