The demand for drilling services majorly depends on the
exploration, production, and development activities conducted by mining
companies, specifically with respect to commodities such as gold, copper, and
other metals. Drilling services also comprise a wide range of drilling
technologies such as surface &underground diamond coring, reverse
circulation, sonic drilling, and others.
Get a PDF brochure for Industrial Insights and Business
Intelligence @ https://www.alliedmarketresearch.com/request-sample/6668
The demand for drilling services is expected to increase in
metal mining. This is attributed to rising in the production of electric
vehicles. As the rise in the production of electric vehicles fuels the adoption
of lithium, which is used in the manufacturing of batteries. However,
currently, mining activities in Asia are hampered and exports are disrupted due
to COVID-19. Moreover, because of the quarantine measures, the supply chain is
shattered across the global market, which is negatively impacting the market.
The mining
drilling services market is analyzed on the basis of mining type
and region. On the basis of mining type, the market is fragmented into coal,
metal, mineral, and quarry. On the basis of region, the market is analyzed
across the U.S., Asia-Pacific, and the rest of the world. According to the
U.sS. Geological Survey, U.S. mines produced nearly $82.2 billion in minerals
in the year 2018. There is a 3% increase in mining production as compared to
the production in the year 2017. This increase in mining and production
activities in the region drives the growth of the U.S. drilling services
market. China, India, Australia, and Indonesia are the top players in coal
production globally, which is driving the mining drilling services market
growth in the Asia-Pacific region. Most of the coal produced in Asia-Pacific is
utilized in electricity production followed by the iron & steel industry,
and other.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/6668
The mining drilling services market size was valued at $2.5
billion in 2019 and is projected to reach $4.4 billion by 2030, growing at a
CAGR of 6.7% from 2020 to 2030. On the basis of mining type, the mineral
segment accounted for the highest share of the market, more than half of the market,
in 2019. In addition, the metal segment accounted for one-fourth market share.
This is attributed to increasing in the demand for lithium, and cobalt owing to
the rise in the adoption of lithium from battery manufacturers. By region,
Asia-Pacific accounted for the second highest share in the market; around 57.0%
share in 2019. This is attributed to the presence of key players in the region
The major player studied and profiled in the global mining
drilling services Market are BoartLongyear, Ausdrill, Action D&B, PAMA, and
Byrnecut Australia.
Key Findings Of The Study:
- On the
basis of mining type, the coal segment garnered a share of 4.4% in 2019 in
terms of revenue.
- By
region, Europe and North America acquired more than half of the mining
drilling services market share in 2019, and Asia-Pacific is anticipated to
be the largest segment by the end of 2030.
- Australia
is the fastest-growing market in the pharmaceuticals sector, registering a
significant CAGR during the forecast period
- The
mineral mining segment is capturing a major share of the mining drilling
services market, growing at a significant CAGR from 2020 to 2030.
- Layne
Drilling is the key player in the U.S. mining drilling services market,
holding around one-fourth market share.
Procure Complete Report @ https://www.alliedmarketresearch.com/checkout-final/6cb52158c3e96da02236d4cd2321796e?utm_source=AMR&utm_medium=research&utm_campaign=P21776
About Us
Allied Market Research (AMR) is a full-service market
research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as
medium and small businesses with unmatched quality “Market Research Reports” and
“Business Intelligence Solutions.” AMR has a targeted view to provide business
insights and consulting to assist its clients to make strategic business
decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is
leading the organization toward providing high-quality data and insights. We
are in professional corporate relations with various companies and this helps
us in digging out market data that helps us generate accurate research data
tables and confirms the utmost accuracy in our market forecasting. Each and
every data presented in the reports published by us is extracted through
primary interviews with top officials from leading companies of the domain
concerned. Our secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals and analysts
in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
No comments:
Post a Comment