Global Metal Mining Support Activities Market Drivers 2024, Forecast To 2033
16 Jan, 2024
The metal mining support activities market has demonstrated robust growth, progressing from $172.65 billion in 2023 to $184.72 billion in 2024, with a 7.0% CAGR. Historic growth is linked to commodity prices, technological advancements, global economic trends, and geopolitical factors. Expected to witness strong growth, the market is anticipated to reach $249.06 billion in 2028, showcasing a 7.8% CAGR. Contributing factors include metal demand and a focus on environmental sustainability. Notable trends encompass electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
Global Metal Mining Support Activities Market Key Driver
The metal mining support activities market is expected to grow with the increased demand for metals, particularly steel. The World Steel Association forecasts a 2.2% rise in steel demand in 2023, driving the need for metal mining support activities. Metal ore reserves, especially iron ore, are abundant globally, supporting metal ore mining activities.
Get A Free Sample Of The Global Metal Mining Support Activities Market ReportGlobal Metal Mining Support Activities Market Segments
The metal mining support activities market covered in this report is segmented –
1) By Type: Metal Mining Drilling Services, Metal Mining Exploration Services, Metal Mining Draining Services, Other Metal Mining Support Activities
2) By Process: Underground, Opencast
3) By Service Provider Type: Independent Contractors, Companies
By Geography: The regions covered in the metal mining support activities market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the metal mining support activities market in 2023. South America was the second largest region in the metal mining support activities market. The regions covered in the metal mining support activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Metal Mining Support Activities Industry Players
Metallurgical Corporation of China Limited, Hochtief AG, NRW Holdings Limited, Weir Group plc, Major Drilling Group International Inc., Aveng Limited, Boart Longyear Ltd., Foraco International SA, PT United Tractors Tbk, Perenti Global Ltd., Ausenco Limited, AusGroup Limited, Ausmex Mining Group Limited, AusTin Mining Limited, Auswide Mining Group Limited, Barminco Holdings Pty Limited, BGC Contracting Pty Ltd., Bis Industries Holdings Limited, Byrnecut Australia Pty Ltd., Cementation USA Inc., CIMIC Group Limited, Clough Limited, Coffey International Limited, Downer EDI Limited, DRA Global Limited, Dyno Nobel Inc., Energold Drilling Corp., FLSmidth & Co. A/S, Golder Associates Corporation, Hatch Ltd., Imdex Limited, KBR Inc., Lycopodium Limited, Macmahon Holdings Limited, Monadelphous Group Limited, Orica Limited
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Metal Mining Support Activities Market Overview
Metal mining support activities are direct services or service-related activities offered while performing different operations for metal mining.
Metal Mining Support Activities Global Market Report 2023 provides data on the global metal mining support activities market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The metal mining support activities market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.