The metal mining support activities (except site preparation and related construction activities) market consists of sales of support activities for metal mining (except site preparation and related construction activities) by entities (organizations, sole traders and partnerships) that perform support activities for mining and quarrying of metallic minerals and for extraction of metal ores. Exploration for these minerals is included in this market and it includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites (but not geophysical surveying and mapping services). The metal mining support activities market is segmented into metal mining drilling services; metal mining exploration services; metal mining draining services and other metal mining support activities.
The global metal mining support activities market is expected to grow from $109.43 billion in 2020 to $127.69 billion in 2021 at a compound annual growth rate (CAGR) of 16.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $152.13 billion in 2025 at a CAGR of 4%.
