Mining Support Activities Global Market To Reach Value Of About $222.6 Billion In 2025
22 Apr, 2021
The mining support activities market consists of sales of mining support services and related goods by entities (organizations, sole traders and partnerships) that perform support activities on a contract or fee basis for coal, metal and nonmetallic mineral (except fuels) mining. Support activities include exploration of minerals, drilling, draining of mines and other support activities.
Global Mining Support Activities Market Size And Drivers:
The global mining support activities market is expected to grow from $163.7 billion in 2020 to $187.68 billion in 2021 at a compound annual growth rate (CAGR) of 14.6%. The market is expected to reach $222.63 billion in 2025 at a CAGR of 4%.
Government policies to support the mining industry are expected to drive the support activities for mining market.
Request For A Sample For The Global Mining Support Activities Market Report:
Trends In The Global Mining Support Activities Market
GIS technology is increasingly being used by mining companies to monitor critical factors such as sustainability, geological composition and compliance. GIS systems capture, record, evaluate and present spatial or geographic data. GIS integrates exploration datasets such as geophysical images, geochemistry, geologic maps, radiometric surveys, boreholes, and mineral deposits leading to efficient discovery of new mineral deposits. This technology also provides 3D visualization tools as it integrates data from various data sources. They are also used in allied industries such as production, mine closure and reclamation.
Global Mining Support Activities Market Segments:
The global mining support activities market is further segmented based on type, service provider type and geography.
By Type: Coal Mining Support Activities, Metal Mining Support Activities, Nonmetallic Minerals Mining Support Activities.
By Service Provider Type: Independent Contractors, Companies.
Subsegments Covered: Coal Mining Drilling Services, Coal Mining Exploration Services, Coal Mining Draining Services, Other Coal Mining Support Activities, Metal Mining Drilling Services, Metal Mining Exploration Services, Metal Mining Draining Services, Other Metal Mining Support Activities, Nonmetallic Minerals Mining Drilling Services, Nonmetallic Minerals Mining Exploration Services, Nonmetallic Minerals Mining Draining Services, Other Nonmetallic Minerals Mining Support Activities.
By Geography: The global mining support activities market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global mining support activities market, accounting for 54% of the total market.
Read More On The Report For The Global Mining Support Activities Market At:https://www.thebusinessresearchcompany.com/report/mining-support-activities-global-market-report
Mining Support Activities Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides mining support activities market overviews, analyzes and forecasts market size and growth for the global mining support activities market, mining support activities market share, mining support activities market players, mining support activities market segments and geographies, mining support activities market’s leading competitors’ revenues, profiles and market shares. The mining support activities market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.