Mining Drilling Services Market Report: Trends, Forecast and Competitive Analysis to 2030

Mining Drilling Services Trends and Forecast

The future of the global mining drilling services market looks promising with opportunities in the metal, coal, mineral, and quarry markets. The global mining drilling services market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are rising exploration of metals & minerals and significantly growing mining industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Mining Drilling Services by Segment

The study includes a forecast for the global mining drilling services by type, application, and region.

Mining Drilling Services Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Surface Mining
• Underground Mining

Mining Drilling Services Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Metal
• Coal
• Mineral
• Quarry

Mining Drilling Services Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Mining Drilling Services Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mining drilling services companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mining drilling services companies profiled in this report include-

• Boart Longyear
• Perenti
• Major Drilling
• Byrnecut
• PT United Tractors
• Orbit Garant Drilling
• Action Drill & Blast
• Foraco
• Ausdrill
• Aban Offshore

Mining Drilling Services Market Insights

Lucintel forecasts that surface mining will remain larger segment over the forecast period.

Within this market, metal will remain the largest segment due to rising demand for precious metals.

APAC will remain the largest region over the forecast period.

Features of the Global Mining Drilling Services Market

Market Size Estimates: Mining drilling services market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Mining drilling services market size by type, application, and region in terms of value ($B).

Regional Analysis: Mining drilling services market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the mining drilling services market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mining drilling services market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for mining drilling services market?

Answer: The global mining drilling services market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the mining drilling services market?

Answer: The major drivers for this market are rising exploration of metals & minerals and significantly growing mining industry.

Q3. What are the major segments for mining drilling services market?

Answer: The future of the mining drilling services market looks promising with opportunities in the metal, coal, mineral, and quarry markets.

Q4. Who are the key mining drilling services market companies?

Answer: Some of the key mining drilling services companies are as follows:

• Boart Longyear
• Perenti
• Major Drilling
• Byrnecut
• PT United Tractors
• Orbit Garant Drilling
• Action Drill & Blast
• Foraco
• Ausdrill
• Aban Offshore

Q5. Which mining drilling services market segment will be the largest in future?

Answer: Lucintel forecasts that surface mining will remain larger segment over the forecast period.

Q6. In mining drilling services market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the mining drilling services market by type (surface mining and underground mining), application (metal, coal, mineral, and quarry), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?