The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Mining Drilling Services Global Market Report 2023 offers crucial insights into the mining drilling services market help businesses analyse and build stronger strategies.

The global mining drilling services market is gearing up for substantial growth, projecting an increase from $2.64 billion in 2022 to $2.85 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 8%. This trajectory continues, with an anticipated market size of $3.73 billion in 2027, boasting a CAGR of 6.9%. Let’s delve into the factors driving this expansion, the major players shaping the market, and the technological trends propelling innovation.

Surge in Mining Production Sparks Market Growth

• Mining Definition: Extraction of useful materials from the earth.
• Industry Dependency: Growing industries rely on the supply of mineral commodities from underground sources.
• Demand for Drilling Services: Increased mining production amplifies the need for drilling services.
• Example: In 2021, U.S. mines produced nearly $90.4 billion in mineral commodities, reflecting a $9.7 billion increase over the previous year.
• Market Implication: The rise in mining production is a key driver propelling the growth of the mining drilling services market.

Major Players in the Mining Drilling Services Market

• Leading Companies: Action Drill & Blast, Ausdrill, BoartLongyear, Perenti Group, Schlumberger Limited, and more.
• Industry Dynamics: A mix of major players contributing to the competitiveness and growth of the market.

Embracing Technological Advancements

• Trending Innovation: Technological advancement is a key trend shaping the mining drilling services market.
• Example: Perenti, an Australia-based company, launched idoba, a technology-driven service offering for the mining industry.
• idoba Technology Features:
  • Leverages in-house technology and data expertise.
  • Adds value to global mining services activities.
  • Provides digital product and technology services to clients.
• Strategic Technological Growth: Reflects Perenti’s commitment to strategic technological advancement, supporting both its business and clients.

Segmentation of the Mining Drilling Services Market

1. By Type:
   • Surface Mining
   • Underground Mining
2. By Application:
   • Metal
   • Coal
   • Mineral
   • Quarry
3. By End-User:
   • Construction
   • Manufacturing
   • Technology Industries

Regional Dominance: Asia-Pacific Takes the Lead

• Market Share: In 2022, Asia-Pacific emerged as the largest region in the mining drilling services market.
• Driving Factors: The region’s robust mining activities contribute to its dominant position.

Future Outlook: Projections for 2027

• Anticipated Market Size: The global mining drilling services market is expected to reach $3.73 billion in 2027.
• CAGR for 2023-2027: A projected growth rate of 6.9%, highlighting sustained expansion.

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The Mining Drilling Services Global Market Report 2023  provides a comprehensive outlook of the mining drilling services market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mining drilling services market forecast offers a thorough analysis on mining drilling services market size, mining drilling services market share, prominent players and their strategies.

The Table Of Content For The Mining Drilling Services Market Include:
1. Mining Drilling Services Market Executive Summary
2. Mining Drilling Services Market Segments
3. Mining Drilling Services Market Size And Mining Drilling Services Market Growth Rate
4. Key Mining Drilling Services Market Trends
5. Major Mining Drilling Services Market Drivers
……
25. Key Mergers And Acquisitions In The Mining Drilling Services Market
26. Top Mining Drilling Services Companies
27. Mining Drilling Services Market Opportunities And Strategies
28. Mining Drilling Services Market, Conclusions And Recommendations
29. Appendix

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