Mining Drilling Services Market Forecasts to 2028 - Global Analysis By Type (Surface Mining, Underground Mining and Other Types), Mining Type (Coal, Metal, Mineral and Quarry), Service (Exploration Drilling, Production Drilling, Well Drilling and Other Services), Mining Method (Open Pit Mining and Underground Mining)), Equipment Type, End Users and By Geography
Estimated Year Value (2022)
US $3.21 BN
Projected Year Value (2028)
US $5.29 BN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Mining Drilling Services Market is accounted for $3.21 billion in 2022 and is expected to reach $5.29 billion by 2028 growing at a CAGR of 8.7% during the forecast period. Mining drilling services are used in the process of extracting minerals, mines, and rocks from different depths below the surface. The services are typically performed for blasting and rock removal work, surface clearance or underground drilling and boring, overburden removal, other development and site preparation services, and other comparable excavating and earth-moving services. Mining drilling services are widely used for mineral exploration as well as site investigation for mine development, production, and closure because they are crucial for identifying the types and structures of the rocks under feet.
According to the U.S. Geological Survey, U.S. mines produced nearly $82.2 billion in minerals in the year 2018. There is 3% increase in the mining production as compare to the production in the year 2017.
Increasing need for minerals
The exponentially increasing demand and need for minerals that are extracted from the earth's core is anticipated to be one of the primary factors driving the enormous growth in the global mining drilling services market during the forecast period. Minerals like iron and copper, as well as the residential and commercial sectors, are the foundation of the modern world. The mining industry is registering soaring demand due to rampant industrialization and increased demand from end-user verticals, which in turn translates to more needs for related services. Moreover, the increment of investments in mining sector exploration and technological advancement, industrial growth may also benefit.
Increasing environmental concerns
Mining operations are thought to pose a long-term threat to the earth's ability to survive. This is particularly relevant to irresponsible mining practices or profit-driven businesses that only focus on the bottom line without taking into account the permanent harm these practices cause to the ecosystem. Drilling operations for mining can seriously harm the environment by causing soil erosion, water pollution, and air pollution. Because of this, the mining drilling services industry is subject to strict regulation on a global scale, and world leaders are working to mitigate the negative effects that business operations have on the environment.
Increasing demand for renewable energy
The growing demand for renewable energy as nations implement policies to lessen dependence on non-renewable energy sources is one of the key segments that is anticipated to significantly benefit the global market for mining drilling services. Due to increased investments in capturing wind and solar energy, companies that deal in lithium, silver, and copper are anticipated to grow at the fastest rates during the forecast period. The growing demand for tight oil and shale gas, as well as other untapped portions of unconventional resources, may also expand the market for mining drilling services.
Increment of geopolitical hazard
The global Mining Drilling Services market expected to hamper growth during the forecast period. The companies that provide mining drilling services are frequently exposed to or vulnerable to severe geopolitical unrest like terrorism, war, and political instability. Growing rumors surround the impact of the escalating political tension between the western and eastern territories in the upcoming years. The conflict between Russia and Ukraine is a prime example. Such elements have a significant financial impact on the sector that deals with the shortage of skilled labor.
The market for mining drilling services suffered greatly as a result of the COVID-19 pandemic. A decrease in mining investments and exploration activities was brought on by the temporary shutdown of mining operations, disruptions in the global supply chain, and economic uncertainty. The market is predicted to pick up steam, though, as economies grow stronger and mineral demand increases. To protect their employees and guarantee continuous operations, mining companies have put in place rigorous health and safety measures. In order to reduce human interaction and increase operational efficiency, remote monitoring technologies and automation have also seen an increase in adoption.
The surface mining segment is expected to be the largest during the forecast period
The surface mining segment is expected to have the largest share during the forecast period. The most popular mining technique for removing the topsoil to access the minerals beneath is surface mining. Due to its advantages over underground mining, including low cost, high safety, and the ability to recover a sizable portion of the resource while conducting the mining activity, surface mining has been gaining more traction. Furthermore, surface mining can achieve high production rates by using large-scale mining machinery.
The minerals segment is expected to have the highest CAGR during the forecast period
The minerals segment showed the highest growth in the industry in 2022, and it is anticipated that it will maintain its hegemony throughout the forecast period. Since minerals are taken from the earth's core, the services used in this segment need to be performed with specialized methods and tools. The majority of drilling operations involve digging wells or deep holes in the earth from which minerals can be extracted. The target mineral and the surrounding region's geological characteristics determine the type of drilling technique to be used.
Region with largest share:
The Asia Pacific region market is estimated to witness a largest share of the global Mining Drilling Services market during the forecast period, due to a rise in the demand for minerals and precious metals like gold, silver, diamonds, and platinum as well as a higher penetration of mining drills and breakers, Asia-Pacific held the largest market share of 57.0% in 2019. In terms of production, consumption, and reserves, China is the largest contributor to the Asia-Pacific metal and coal mining industry. For those who are involved in the industry, the demand for high-quality machinery may present an opportunity. One of the top producers and exporters of coal is Indonesia. The proven reserves of medium and low quality coal are abundant in Indonesia. In addition, a rise in demand from Asia-Pacific developing nations like China and India is anticipated to increase coal production in Indonesia, which is then anticipated to fuel the market's expansion.
Region with highest CAGR:
During the forecast period, the Asia-Pacific region is expected to experience the highest growth in the global mining drilling services market, primarily because of the extensive mining operations carried out in the region. One of the biggest companies in the industry is based in Australia. With numerous multi-billion-dollar contracts in the drilling and blasting industries, NRW Holdings has earned a reputation for excellence. As a crucial component of Australia's economic expansion in the Asia-Pacific region, mining exports from the nation currently hold a 75% market share worldwide.
Key players in the market
Some of the key players in Mining Drilling Services market include Aban Offshore, Action Drill & Blast, Atlas Copco AB, Ausdrill Limited, Boart Longyear Ltd., Boodee Drilling., Byrnecut Group, Capital Drilling, Dando Drilling International, Drillco Mining and Exploration, Foraco International SA, Gregg Drilling LLC, Helmerich & Payne, HMR Drilling Services, JS Redpath Corporation, Layne Christensen Company, Major Drilling Group International Inc., Master Drilling Group Ltd., NRW Holdings, Orbit Garant Drilling , Orica Mining Services, Perenti Global Limited, PT UNITED TRACTORS TBK, Sandvik AB and Schlumberger Limited.
In March 2023, NRW Holdings announced that 2 of its subsidiaries were awarded an AUD 30 million contract from DIAB Engineering. The funds will be used over the course of the next three years and will be directed toward maintaining crushing and supporting infrastructure of the new Iron Bridge magnetite mine.
In February 2023, NRW Holdings, a construction and mining contractor giant based out of Australia, announced bagging an AUD 300 million contract for drilling and blast services.
In November 2022, Action Drill & Blast Pty Ltd (Action), a wholly owned subsidiary of NRW Holdings Limited was awarded by Talison Lithium Australia Pty Ltd (Talison Lithium) for its services in the Drill and Blast activities in Greenbushes Mine.
• Surface Mining
• Underground Mining
• Other Types
Mining Types Covered:
• Other Mining Types
• Exploration Drilling
• Production Drilling
• Well Drilling
• Other Services
Mining Methods Covered:
• Open Pit Mining
• Underground Mining
• Placer Mining
• Other Mining Methods
Equipment Types Covered:
• Drill Bits
• Drill Tubes
• Drilling Machinery
• Drilling Fluids
• Drill Reamers
• Other Equipment Types
End Users Covered:
• Technology Industries
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Mining Drilling Services Market, By Type
5.2 Surface Mining
5.3 Underground Mining
5.4 Other Types
6 Global Mining Drilling Services Market, By Mining Type
6.6 Other Mining Types
7 Global Mining Drilling Services Market, By Service
7.2 Exploration Drilling
7.3 Production Drilling
7.4 Well Drilling
7.5 Other Services
8 Global Mining Drilling Services Market, By Mining Method
8.2 Open Pit Mining
8.3 Underground Mining
8.4 Placer Mining
8.5 Other Mining Methods
9 Global Mining Drilling Services Market, By Equipment Type
9.2 Drill Bits
9.3 Drill Tubes
9.4 Drilling Machinery
9.5 Drilling Fluids
9.6 Drill Reamers
9.7 Other Equipment Types
10 Global Mining Drilling Services Market, By End User
10.4 Technology Industries
10.5 Other End Users
11 Global Mining Drilling Services Market, By Geography
11.2 North America
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.5 Other Key Strategies
13 Company Profiling
13.1 Aban Offshore
13.2 Action Drill & Blast
13.3 Atlas Copco AB
13.4 Ausdrill Limited
13.5 Boart Longyear Ltd.
13.6 Boodee Drilling.
13.7 Byrnecut Group
13.8 Capital Drilling
13.9 Dando Drilling International
13.10 Drillco Mining and Exploration
13.11 Foraco International SA
13.12 Gregg Drilling LLC
13.13 Helmerich & Payne
13.14 HMR Drilling Services
13.15 JS Redpath Corporation
13.16 Layne Christensen Company
13.17 Major Drilling Group International Inc.
13.18 Master Drilling Group Ltd.
13.19 NRW Holdings
13.20 Orbit Garant Drilling
13.21 Orica Mining Services
13.22 Perenti Global Limited
13.23 PT UNITED TRACTORS TBK
13.24 Sandvik AB
13.25 Schlumberger Limited
List of Tables
1 Global Mining Drilling Services Market Outlook, By Region (2020-2028) ($MN)
2 Global Mining Drilling Services Market Outlook, By Type (2020-2028) ($MN)
3 Global Mining Drilling Services Market Outlook, By Surface Mining (2020-2028) ($MN)
4 Global Mining Drilling Services Market Outlook, By Underground Mining (2020-2028) ($MN)
5 Global Mining Drilling Services Market Outlook, By Other Types (2020-2028) ($MN)
6 Global Mining Drilling Services Market Outlook, By Mining Type (2020-2028) ($MN)
7 Global Mining Drilling Services Market Outlook, By Coal (2020-2028) ($MN)
8 Global Mining Drilling Services Market Outlook, By Metal (2020-2028) ($MN)
9 Global Mining Drilling Services Market Outlook, By Mineral (2020-2028) ($MN)
10 Global Mining Drilling Services Market Outlook, By Quarry (2020-2028) ($MN)
11 Global Mining Drilling Services Market Outlook, By Other Mining Types (2020-2028) ($MN)
12 Global Mining Drilling Services Market Outlook, By Service (2020-2028) ($MN)
13 Global Mining Drilling Services Market Outlook, By Exploration Drilling (2020-2028) ($MN)
14 Global Mining Drilling Services Market Outlook, By Production Drilling (2020-2028) ($MN)
15 Global Mining Drilling Services Market Outlook, By Well Drilling (2020-2028) ($MN)
16 Global Mining Drilling Services Market Outlook, By Other Services (2020-2028) ($MN)
17 Global Mining Drilling Services Market Outlook, By Mining Method (2020-2028) ($MN)
18 Global Mining Drilling Services Market Outlook, By Open Pit Mining (2020-2028) ($MN)
19 Global Mining Drilling Services Market Outlook, By Underground Mining (2020-2028) ($MN)
20 Global Mining Drilling Services Market Outlook, By Placer Mining (2020-2028) ($MN)
21 Global Mining Drilling Services Market Outlook, By Other Mining Methods (2020-2028) ($MN)
22 Global Mining Drilling Services Market Outlook, By Equipment Type (2020-2028) ($MN)
23 Global Mining Drilling Services Market Outlook, By Drill Bits (2020-2028) ($MN)
24 Global Mining Drilling Services Market Outlook, By Drill Tubes (2020-2028) ($MN)
25 Global Mining Drilling Services Market Outlook, By Drilling Machinery (2020-2028) ($MN)
26 Global Mining Drilling Services Market Outlook, By Drilling Fluids (2020-2028) ($MN)
27 Global Mining Drilling Services Market Outlook, By Drill Reamers (2020-2028) ($MN)
28 Global Mining Drilling Services Market Outlook, By Other Equipment Types (2020-2028) ($MN)
29 Global Mining Drilling Services Market Outlook, By End User (2020-2028) ($MN)
30 Global Mining Drilling Services Market Outlook, By Construction (2020-2028) ($MN)
31 Global Mining Drilling Services Market Outlook, By Manufacturing (2020-2028) ($MN)
32 Global Mining Drilling Services Market Outlook, By Technology Industries (2020-2028) ($MN)
33 Global Mining Drilling Services Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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