According to the latest report by IMARC Group, titled “Mining Drilling Services Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” The global mining drilling services market size reached US$ 2.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2027, exhibiting a growth rate (CAGR) of 7.03% during 2022-2027.
Report Metric
Historical: 2016-2021
Base Year: 2020
Forecast Year: 2022-2027
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Mining Drilling Services Market Industry Definition and Application:
Mining drilling services are the drilling operations carried out on a contractual basis to extract coal, metals, or minerals. They include services for exploration, development, production, and closure of mines. Besides this, mining drilling services are also used for body characterization, underground roof bolting, surface and underground blast hole drilling, cabling, dewatering, etc. Such services help in accurate and precise depth tracking, improving the efficiency of operations, enhancing the safety of the workforce, etc. As a result, they find widespread applications in quarry, coal, mineral, and metal mining.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Mining Drilling Services Market Trends and Drivers:
Mining drilling services are the drilling operations carried out on a contractual basis to extract coal, metals, or minerals. They include services for exploration, development, production, and closure of mines. Besides this, mining drilling services are also used for body characterization, underground roof bolting, surface and underground blast hole drilling, cabling, dewatering, etc. Such services help in accurate and precise depth tracking, improving the efficiency of operations, enhancing the safety of the workforce, etc. As a result, they are widely used in quarry, coal, mineral, and metal mining.
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Mining Drilling Services Market Segmentation:
The report has segmented the market on the basis on region and mining type.
Breakup by Mining Type:
Metal
Coal
Mineral
Quarry
Breakup by Region:
North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa
Who are the Major Mining Drilling Services Market Key players?
The report provides a detailed analysis of the market leaders, including.
Action Drill & Blast, Baker Hughes, Boart Longyear, Byrnecut Group, Halliburton Company, Perenti Global Limited, PT UNITED TRACTORS TBK and Schlumberger Limited.
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