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The global mining drilling services market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.
Mining drilling services refer to the drilling operations carried out on a contractual basis for the extraction of coal, metals and minerals. They involve services for mine exploration, development, production and mine closure. These services are also used for body characterization, surface and underground blast hole drilling, underground roof bolting and cabling and dewatering. They use autonomous drills, rotary steerable systems and mud motors for logging-while-drilling (LWD), measurement-while-drilling (MWD) operations. Mining drilling services provide accurate and precise depth tracking and aid in improving the efficiency of mining operations and enhancing the safety of the workforce. As a result, they find extensive applications for mineral, coal, quarry and metal mining.
Significant growth in the mining industry across the globe, along with increasing off-shore and on-shore oil exploration activities, is one of the key factors creating a positive outlook for the market. To meet the growing energy requirements, both developed and emerging economies are increasingly adopting effective mining and drilling services to ensure optimum extraction of oil and gas resources. Moreover, widespread adoption of low-emission energy and transportation systems across industries is providing a thrust to the market growth. Automobile manufacturers are integrating components that use mineral-based fuels in place of fossil fuels to minimize the carbon footprints. In line with this, the increasing utilization of directional drilling services is also contributing to the growth of the market. These services offer enhanced flexibility and minimal site restoration requirements, soil contamination and geological abnormalities. Additionally, various advancements in the drilling technologies, such as the development of battery-operated drill rigs, are favoring the market growth. Other factors, including the implementation of favorable government policies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global mining drilling services market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and mining type.
Breakup by Mining Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Action Drill & Blast, Baker Hughes, Boart Longyear, Byrnecut Group, Halliburton Company, Perenti Global Limited, PT UNITED TRACTORS TBK and Schlumberger Limited.
|Base Year of the Analysis||2020|
|Segment Coverage||Mining Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Action Drill & Blast, Baker Hughes, Boart Longyear, Byrnecut Group, Halliburton Company, Perenti Global Limited, PT UNITED TRACTORS TBK and Schlumberger Limited.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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