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Mining Drilling Services Market by Mining Type (Metal, Coal, Mineral, and Quarry): Global Opportunity Analysis and Industry Forecast, 2020–2030

A06303
Pages: 102
May 2020 | 1144 Views
 
Author(s) : Rutuja Danekar, and Eswara Prasad
Tables: 48
Charts: 46
 

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Mining Drilling Services Market Outlook - 2030

The mining drilling services market was valued at $2.5 billion in 2019, and is projected to reach $4.4 billion by 2030, growing at a CAGR of 6.7% fr    om 2020 to 2030.

Drilling services include drilling work carried out on contract basis for numerous mining customer bases, operating across the wide ranges of commodities such as coal, metals, and others. Various types of drilling services are surface drilling, underground coring, and others. Furthermore, the drilling services’ agreements are typically carried out through a tender process. Drilling service providers quote an extensive costing process that guarantees that the projects are well planned and taken into consideration the geography, geology, time-frame, and others.

Mining-Drilling-ServicesMarket-2020-2030

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Drilling is a significant component of the mining industry and used for various purposes such as body characterization, surface & underground blast hole drilling, underground roof bolting & cabling, dewatering, and others. There are numerous advancements in the drilling technology such as development of global positioning system (GPS), wireless communications, sensors, and others. While there are numerous things at development stage such as automated drill rigs and battery-operated drill rigs. An automated drilling rig provides the mining industry a rapid solution for excavation operation. 

Furthermore, battery-operated drill rigs have potential of drilling blast patterns in short period of time as well as accurately than any human-operated machines. Some of the advantages of battery-operated drill rigs are no harmful exhaust fumes, less maintenance costs, and if equipped with chargers or exchangeable batteries would offer support for long-working hours of continuous mining operations. Drilling technology has evolved and served the needs of the industry. 

Moreover, the demand for minerals is estimated to increase as many countries in the world are aiming to achieve low carbon economy. While fossil fuels have improved living standards up to certain extent, their related problems such as greenhouse gas emissions has led to global warming. Therefore, to tackle global warming many industries have taken several steps, for instance, the automotive industry is focusing toward the development of low-emission energy and transportation systems. Low-emission energy and transportation systems are more mineral intensive than their fossil fuel-based components; this transition to low carbon economy is anticipated to offer lucrative growth opportunity for the mining sector.

On the basis of mining type, the global mining drilling services market is segmented into metal, coal, mineral, and quarry. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the mining drilling services market are BoartLongyear, Ausdrill, Action D&B, PAMA, Byrnecut Australia, and others.

Global mining drilling services market, by Mining Type

By mining type, the mineral segment accounted for the largest mining drilling services market share in 2019, and is anticipated to continue this trend during the forecast period. This is attributed to rise in production of minerals across the globe.

Mineral mining is very important for metal productions, which are used in number of applications such as electrical, construction, and automotive. Moreover, growth in trends toward low-carbon economy increases the demand for mineral mining, which further fuels the growth of the drilling services market during the forecast period. In addition, increase in the demand for commodities across the globe drives the growth of the market for mineral mining. Furthermore, digitalization in mining offers instrumented, interconnected, and integrated mining operations. This helps in monitoring drilling services and further improves the mining operations; thereby, boosting the growth of the market globally. Metal production, metal trade, and metal investing are the key factors that drive the growth of the global mining drilling services during the forecast period.

Mining Drilling Services Market
By Application

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Mineral is projected as the most lucrative segment.

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Global mining drilling services market, by region

Asia-Pacific valued for the highest market share of 57.0% in 2019, owing to increase in demand for minerals and precious metals such as gold, silver, diamond, and platinum, which lead to a higher penetration of mining drills and breakers in Asia-Pacific. Furthermore, rise in demand for coal production, owing to rise in demand for power is driving the growth of the drilling services market in the Asia-Pacific region during the forecast period.   

Mining Drilling Services Market
By Region

2030
Asia Pacific 
North America
Europe
Lamea

Asia Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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China is the largest contributor to the Asia-Pacific metal and coal mining industry in terms of production, consumption, and reserves. The demand for high-quality machinery can be an opportunity for the players in the industry. Indonesia is one of the top producers and exporters of coal. Indonesia has large amount of proven reserves of medium and low-quality coal. Moreover, rise in demand from the developing countries such as China and India, from the Asia-Pacific region, is expected to boost the production of coal in Indonesia. Which, in turn, is anticipated to fuel the growth of the market. 

Key Benefits For Stakeholders

  • The report provides an in-depth mining drilling services market analysis of the mining drilling services market forecast along with the current and future market trends.

  • This report highlights mining drilling services market growth, the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.

  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building in mining drilling services market forecast.

  • A comprehensive analysis covers mining drilling services market trends, factors that drive and restrain the market growth.

  • The qualitative data in this report aims on mining drilling services market size, market dynamics, trends, and developments.

Key Segments Of Mining Drilling Services 

By Mining type

  • Metal
  • Coal
  • Mineral 
  • Quarry

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.Key findings

2.2.1.Top investment pockets

2.3.CXOs perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the global drilling service market
3.4.Market Share Analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in the demand for electric vehicles
3.5.1.2.Rise in penetration of advanced technologies

3.5.2.Restraint

3.5.2.1.Government regulations related to the mining operations

3.5.3.Opportunity

3.5.3.1.Transition to a low-carbon economy

CHAPTER 4:GLOBAL DRILLING SERVICE MARKET, BY MINING TYPE

4.1.Overview

4.1.1.Market size and forecast, by mining type

4.2.Coal

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Coal market share analysis, by country

4.3.Metal

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Metal market share analysis, by country

4.4.Mineral

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Mineral market share analysis, by country

4.5.Quarry

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Quarry market share analysis, by country

CHAPTER 5:DRILLING SERVICES MARKET, BY REGION

5.1.Overview

5.1.1.Market size and forecast, by region

5.2.North America

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by mining type
5.2.3.Key Players in the Country

5.2.4.U.S.

5.2.4.1.Key market trends, growth factors, and opportunities
5.2.4.2.Market size and forecast, by mining type

5.2.5.Canada

5.2.5.1.Key market trends, growth factors, and opportunities
5.2.5.2.Market size and forecast, by mining type

5.2.6.Mexico

5.2.6.1.Key market trends, growth factors, and opportunities
5.2.6.2.Market size and forecast, by mining type

5.3.Asia-Pacific

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by mining type
5.3.3.Market size and forecast, by country

5.3.4.Indonesia

5.3.4.1.Key market trends, growth factors, and opportunities
5.3.4.2.Market size and forecast, by mining type

5.3.5.Key Players in the Indonesia Market
5.3.6.Australia

5.3.6.1.Key market trends, growth factors, and opportunities
5.3.6.2.Market size and forecast, by mining type

5.3.7.Key Players in Australia Market
5.3.8.Rest of Asia-Pacific

5.3.8.1.Key market trends, growth factors, and opportunities
5.3.8.2.Market size and forecast, by mining type

5.4.Europe

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by mining type
5.4.3.Market share analysis, by Region
5.4.4.Germany

5.4.4.1.Key market trends, growth factors, and opportunities
5.4.4.2.Key market trends, growth factors, and opportunities

5.4.5.UK

5.4.5.1.Key market trends, growth factors, and opportunities
5.4.5.2.Key market trends, growth factors, and opportunities

5.4.6.Sweden

5.4.6.1.Key market trends, growth factors, and opportunities
5.4.6.2.Key market trends, growth factors, and opportunities

5.4.7.Denmark

5.4.7.1.Key market trends, growth factors, and opportunities
5.4.7.2.Key market trends, growth factors, and opportunities

5.4.8.France

5.4.8.1.Key market trends, growth factors, and opportunities
5.4.8.2.Key market trends, growth factors, and opportunities

5.4.9.Italy 

5.4.9.1.Key market trends, growth factors, and opportunities
5.4.9.2.Key market trends, growth factors, and opportunities

5.4.10.Spain 

5.4.10.1.Key market trends, growth factors, and opportunities
5.4.10.2.Key market trends, growth factors, and opportunities

5.4.11.Rest of Europe

5.4.11.1.Key market trends, growth factors, and opportunities
5.4.11.2.Key market trends, growth factors, and opportunities

5.5.LAMEA (Latin America Middle East & Africa)

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by mining type
5.5.3.Market share analysis, by Region
5.5.4.Brazil

5.5.4.1.Key market trends, growth factors, and opportunities
5.5.4.2.Key market trends, growth factors, and opportunities

5.5.5.South Arabia

5.5.5.1.Key market trends, growth factors, and opportunities
5.5.5.2.Key market trends, growth factors, and opportunities

5.5.6.South Africa

5.5.6.1.Key market trends, growth factors, and opportunities
5.5.6.2.Key market trends, growth factors, and opportunities

5.5.7.Rest of LAMEA

5.5.7.1.Key market trends, growth factors, and opportunities
5.5.7.2.Key market trends, growth factors, and opportunities

CHAPTER 6:COMPANY PROFILES

6.1.ACTION DRILL & BLAST

6.1.1.Company overview
6.1.2.Company snapshot
6.1.3.Operating business segments

6.2.AUSDRILL

6.2.1.Company overview
6.2.2.Company snapshot
6.2.3.Operating business segments
6.2.4.Product portfolio
6.2.5.Business performance

6.2.6.EBITDA

6.3.BOARTLONGYEAR

6.3.1.Company overview
6.3.2.Company snapshot
6.3.3.Operating business segments
6.3.4.Product portfolio
6.3.5.Business performance
6.3.6.EBITDA

6.4.BYRNECUT GROUP

6.4.1.Company overview
6.4.2.Company snapshot
6.4.3.Operating business segments
6.4.4.Product portfolio

6.5.PT UNITED TRACTORS TBK

6.5.1.Company overview
6.5.2.Company snapshot
6.5.3.Operating business segments
6.5.4.Business performance
6.5.5.Key strategic moves and developments

CHAPTER 7:WORLD MINING AND DRILLING CONTRACTORS

LIST OF TABLES

TABLE 01.GLOBAL DRILLING SERVICE MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 02.GLOBAL DRILLING SERVICE MARKET FOR COAL, BY REGION, 2019–2030 ($MILLION)
TABLE 03.GLOBAL DRILLING SERVICE MARKET FOR METAL, BY REGION, 2019–2030 ($MILLION)
TABLE 04.GLOBAL DRILLING SERVICE MARKET FOR MINERAL, BY REGION, 2019–2030 ($MILLION)
TABLE 05.GLOBAL DRILLING SERVICE MARKET FOR QUARRY, BY REGION, 2019–2030 ($MILLION)
TABLE 06.GLOBAL DRILLING SERVICE MARKET, BY REGION 2019–2030 ($MILLION)
TABLE 07.NORTH AMERICA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 08.US DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 09.CANADA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 10.EUROPE DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 11.UK DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 12.GERMANY DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 13.FRANCE DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 14.SPAIN DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 15.ITALY DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 16.REST OF EUROPE DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 17.ASIA-PACIFIC DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 18.ASIA-PACIFIC DRILLING SERVICES MARKET, BY COUNTRY 2019–2030 ($MILLION)
TABLE 19.INDONESIA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 20.AUSTRALIA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 21.CHINA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 22.INDIA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 23.JAPAN DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 24.REST OF ASIA-PACIFIC DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($MILLION)
TABLE 25.LAMEA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($ MILLION)
TABLE 26.MEXICO DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($ MILLION)
TABLE 27.SOUTH AFRICA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($ MILLION)
TABLE 28.SAUDI ARABIA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($ MILLION)
TABLE 29.REST OF LAMEA DRILLING SERVICES MARKET, BY MINING TYPE 2019–2030 ($ MILLION)
TABLE 30.ACTION D&B: COMPANY SNAPSHOT
TABLE 31.ACTION D&B: OPERATING SEGMENTS
TABLE 32.AUSDRILL: COMPANY SNAPSHOT
TABLE 33.AUSDRILL: OPERATING SEGMENTS
TABLE 34.AUSDRILL: PRODUCT PORTFOLIO
TABLE 35.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 36.AUSDRILL: EBITDA
TABLE 37.BOART: COMPANY SNAPSHOT
TABLE 38.BOART: OPERATING SEGMENTS
TABLE 39.BOART: PRODUCT PORTFOLIO
TABLE 40.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 41.BOART: EBITDA
TABLE 42.BYRNECUT: COMPANY SNAPSHOT
TABLE 43.BYRNECUT: OPERATING SEGMENTS
TABLE 44.BYRNECUT: PRODUCT PORTFOLIO
TABLE 45.UNITED TRACTORS: COMPANY SNAPSHOT
TABLE 46.UNITED TRACTORS: OPERATING SEGMENTS
TABLE 47.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 48.UNITED TRACTORS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.TOP INVESTMENT POCKETS: BY COUNTRY
FIGURE 03.HIGH BARGAINING POWER OF EQUIPMENT PROVIDERS
FIGURE 04.HIGH BARGAINING POWER OF BUYERS
FIGURE 05.LOW THREAT OF NEW ENTRANTS
FIGURE 06.HIGH INTENSITY OF RIVALRY
FIGURE 07.MODERATE THREAT OF SUBSTITUTE
FIGURE 08.MARKET SHARE ANALYSIS
FIGURE 09.DRILLING SERVICE MARKET DYNAMICS
FIGURE 10.GLOBAL DRILLING SERVICE MARKET REVENUE, BY MINING TYPE ($MILLION)
FIGURE 11.COAL MARKET SHARE ANALYSIS, 2020
FIGURE 12.METAL MARKET SHARE ANALYSIS, 2020
FIGURE 13.MINERAL MARKET SHARE ANALYSIS, 2020
FIGURE 14.QUARRY MARKET SHARE ANALYSIS, 2020
FIGURE 15.COMPARATIVE ANALYSIS OF SPECIALTY CHEMICALS MARKET FOR MINERAL, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 16.COMPARATIVE ANALYSIS OF SPECIALTY CHEMICALS MARKET FOR COAL, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF SPECIALTY CHEMICALS MARKET FOR AGROCHEMICALS, BY QUARRY, 2019 & 2027 ($MILLION)
FIGURE 18.COMPARATIVE ANALYSIS OF SPECIALTY CHEMICALS MARKET FOR AGROCHEMICALS, BY METAL, 2019 & 2027 ($MILLION)
FIGURE 19.U.S. SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 20.CANADA SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 21.MEXICO SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 22.GERMANY SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 23.UK SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 24.FRANCE SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 25.SPAIN SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 26.ITALY SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 27.REST OF EUROPE SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 28.CHINA SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 29.INDIA SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 30.JAPAN SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 31.SOUTH KOREA SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 32.REST OF ASIA PACIFIC SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 33.BRAZIL SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 34.SOUTH AFRICA SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 35.SOUDI ARABIA SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 36.REST OF LAMEA SPECIALTY CHEMICALS MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 37.AUSDRILL: NET SALES,2017–2019 ($MILLION)
FIGURE 38.AUSDRILL: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 39.AUSDRILL: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 40.BOART: NET SALES, 2016–2018 ($MILLION)
FIGURE 41.BOART: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 42.BOART: REVENUE SHARE BY PRODUCTS AND SERVICES, 2018 (%)
FIGURE 43.BOART: REVENUE SHARE BY COMMODITY, 2018 (%)
FIGURE 44.BOART: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 45.UNITED TRACTORS: REVENUE, 2017–2019 ($MILLION)
FIGURE 46.UNITED TRACTORS: REVENUE SHARE BY SEGMENT, 2019 (%)

 
 

According to the perspectives of CXOs of leading companies, the mining drilling services market is significantly depended on the mining industry. The demand for mining drilling services is hampered as the mining industry is facing several environmental problems from past few years. 

The mining operations are energy concentrated and largely depend on the petroleum derivatives such as fossil fuels to meet their energy demands. Moreover, advancement in drilling technologies would contribute in controlling the emissions. As drilling equipment are being developed that does not emit fumes such as battery-operated drill rigs. 

In addition, the factors that boost the market growth are rise in the demand for products such as lithium and cobalt from mineral battery manufacturers as it is used in electric vehicles. Furthermore, there are numerous advancements in the drilling technology such as development of global positioning system (GPS), wireless communications, sensors, and others. Thus, increase in penetration of advanced technologies is expected to act as key trend for global mining drilling services market.
 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The demand for drilling services majorly depends on the exploration, production, and development activities conducted by mining companies, specifically with respect to commodities such as gold, copper, and other metals.

A. The global Mining Drilling Services market anticipated to grow at CAGR of 6.7% during the forecast period.

A. To get latest version of mining drilling services market report can be obtained on demand from the website.

A. New product launches, business collaboration and acquisition are the major growth strategies adopted by the players in this market.

A. Growing trends toward low-carbon economy increase the demand for mineral mining, which further fuels the growth of the drilling services market during the forecast period

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Asia Pacific regions expected to provide lucrative growth opportunities to the global Mining Drilling Services market.

A. BoartLongyear, Ausdrill, Action D&B, PAMA, and Byrnecut Australia are some of the prominent market players in this market.

A. Mineral is the largest segment in the global Mining Drilling Services market.

A. Major customer of the Mining Drilling Services are from metal manufacturers, coal manufactuers, and metal industrial sector are the key potential consumers in the Mining Drilling Services market.

 

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