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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mining Drilling Services Market Size
The global mining drilling services market stood at a value of around USD 2.86 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.50% to reach USD 5.06 billion by 2032.
Increasing Demand for Coal for various Applications is Driving the Global Mining Drilling Services Industry
The increasing demand for coal is propelling the demand for drilling services for coal mining. Over the forecast period, the anticipated rise in demand for coal, due to heightened application in power generation and cement and steel production is likely to bolster the market growth. In addition to this, favourable policies of the government of emerging economies to ramp up the production of coal to bridge the gap between demand and supply of coals is likely to aid the coal mining segment. Moreover, coal is comparatively cheaper to mine and the supplies of this fossil fuel is more than its counterparts such as oil and gas. These advantages of coal mining are anticipated to generate a significant demand for drilling services. Furthermore, the growing research and development activities aimed towards reducing the detrimental impact on environment by coal mining are likely to be a boon for the market over the forecast period.
Mining Drilling Services Market Report Snapshots
Mining Drilling Services Market Size
Mining Drilling Services Market Share
Mining Drilling Services Market Growth
Mining Drilling Services Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global mining drilling services market attained a value of nearly USD 2.86 billion.
The market is estimated to grow at a CAGR of 6.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.06 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing demand for valuable minerals and materials from various end use industries such as building and construction, rapid urbanisation and industrialisation in the emerging economies, and growing adoption of lithium-ion based electrical gadgets.
The increasing penetration of technology such as global positioning system (GPS) and wireless communication and sensors, in the drilling techniques are likely to be the key trends in the market.
Coal, metal, mineral, and quarry are the different products, based on which the market has been segmented.
The major players in the industry are Action Drill & Blast, Perenti Global Limited, Boart Longyear, Byrnecut Australia Pty Ltd, and PT United Tractors TBK, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124