Mining

Global Mining Drilling Services Market Overview: Trends Shaping Growth to 2029

November 14, 2025 by The Business Research Company

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What Market Value Is The Mining Drilling Services Industry Expected To Reach By 2029, Starting From 2025 Levels?

The mining drilling services market has experienced consistent expansion over recent years. This market is projected to expand from $3.01 billion in 2024 to reach $3.12 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 3.5%. Factors such as a surge in resource demand, a boom in exploration activities, shifts in commodity prices, recurring mining industry cycles, and the identification of new deposits are identified as contributors to its historical growth.

The mining drilling services market is expected to experience steady expansion in the next few years. This market is projected to reach $3.78 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth throughout this period is attributable to factors such as mining infrastructure development, evolving market competition dynamics, global geopolitical stability, ongoing energy transition initiatives, and prevailing economic trends. Key developments foreseen in the forecast period include the adoption of advanced drilling technologies, increased automation and robotics, reliance on data-driven decision making, and the implementation of remote operations and monitoring.

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Which Factors And Drivers Are Influencing The Mining Drilling Services Market In 2025?

The expansion in mining output is anticipated to fuel the progress of the mining drilling services market in the future. Mining involves the extraction of valuable resources from the ground. This increase in mining activities stems from industries’ reliance on subterranean mineral commodities. Consequently, these escalating needs have heightened the call for mining drilling services. For example, in June 2024, the Australian Bureau of Statistics, a government body located in Australia, announced that Australia’s mining sector generated an unprecedented $455 billion in export revenue during the 2022-23 financial year. This highlights Australia’s remarkable proficiency in extracting and processing minerals, thereby establishing its industry as a vital global provider to satisfy the growing demand for resources. As a result, the heightened output in mining operations is propelling the expansion of the mining drilling services market.

What Are The Leading Segments Analyzed In The Mining Drilling Services Market?

The mining drilling services market covered in this report is segmented –

1) By Type: Surface Mining; Underground Mining

2) By Application: Metal; Coal; Mineral; Quarry

3) By End-User: Construction; Manufacturing; Technology Industries

Subsegments:

1) By Surface Mining: Open-Pit Drilling; Blast Hole Drilling; Geological Exploration Drilling; Auger Drilling

2) By Underground Mining: Diamond Core Drilling; Reverse Circulation Drilling; Raise Boring; Longhole Drilling

What Long-Term Trends Will Shape The Future Growth Of The Mining Drilling Services Industry?

Technological progress is a significant trend gaining traction within the mining drilling services market. Prominent companies in the mining drilling services sector are concentrating on developing novel technological solutions to bolster their market presence. For example, in September 2024, New Concept Mining, a South Africa-based provider of ground support solutions for the mining industry, inaugurated a Hydraulic Rock Drill (HRD) manufacturing plant in Johannesburg. This new facility is committed to manufacturing cutting-edge hydraulic rock drills, which are vital for hard-rock mining operations. The opening of this plant reinforces New Concept Mining’s standing as a leading provider of advanced mining equipment and emphasizes its continuous dedication to innovation and the creation of high-quality, locally produced items for the global mining market.

Which Major Firms Are Strengthening Their Position In The Mining Drilling Services Industry?

Major companies operating in the mining drilling services market include Schlumberger Limited, Sandvik Mining and Construction, Perenti Group, BoartLongyear, Major Drilling Group International Inc, Byrnecut Mining Pty. Ltd, Action Drill & Blast, Barminco, Foraco International S.A, Capital Drilling, Orbit Garant Drilling Inc., Geodrill, Master Drilling Group Limited, Ausdrill, Geotech Drilling Services Ltd., Gregg Drilling LLC, REI Drilling Inc., Viking Drilling LLC, Drillmech Engineering & Hydraulic Services, Dando Drilling International, Central African Drilling, Drillex International, Xploration Services Limited, Midwest Mineral Exploration Services

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Which Region Shows The Highest Potential For Future Expansion In The Mining Drilling Services Market?

Asia-Pacific was the largest region in the mining drilling services market in 2024. The regions covered in the mining drilling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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