$438 billion from global mining support activities industry through 2031

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Dublin, June 24, 2022 (GLOBE NEWSWIRE) — The Mining Support Activities Global Market Report 2022 has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the critical information they need to evaluate the global mining market support activities in the wake of the COVID-19 shutdown.

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The description:

What is the largest and fastest growing market for mining support activities? What is the relationship between the market and the overall economy, demographics and other similar markets? What forces will shape the market in the future? The global Mining Support Activities market report answers all these questions and more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces historical and forecast market growth by geography. It places the market in the context of broader mining market support activities and compares it to other markets.

  • The market characteristics section of the report defines and explains the market.

  • The market size section gives the market size (in billions of dollars) covering both the historical market growth, the impact of the COVID-19 virus and the forecast of its recovery.

  • Market segmentations break down the market into sub-markets.

  • The regional and country breakdowns section gives an analysis of the market in each geography and the market size by geography and compares their historical and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, major developed countries and major emerging markets.

  • The competitive landscape gives a description of the competitive nature of the market, market shares and a description of the major companies. The main financial transactions that have shaped the market in recent years are identified.

  • The trends and strategies section analyzes the shape of the market coming out of the crisis and suggests how companies can grow as the market recovers.

  • The mining market support activities section of the report provides context. It compares mining market support activities with other mining market segments by size and growth, historical and forecast. It analyzes the proportion of GDP, expenditure per capita, support activities for the comparison of mining indicators.

Major companies in the mining support activities market include The Metallurgical Corp of China, Hochtief AG, PT United Tractors Tbk, Perenti Global Ltd, NRW Holdings Limited, The Weir Group plc, Major Drilling Group International Inc, Aveng Limited, Boart Longyear Ltd ., and Foraco International SA.

The global mining support activities market is expected to grow from $236.12 billion in 2021 to $267.58 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The mining support activities market is expected to reach $438.17 billion in 2026 at a CAGR of 13.1%.

The mining support activities market includes sales of mining support services and related goods by entities (organizations, sole proprietorships, and partnerships) that perform support activities on a contract or fee basis for the mining of coal, metals and non-metallic minerals (except fuels). Support activities include mineral exploration, drilling, mine drainage and other support activities.

The main types of mining support activities are coal mining support activities, metal mining support activities and non-metallic mineral mining support activities. Coal mining support activities include activities such as coal exploration and traditional prospecting methods, such as taking core samples and making geological observations at potential sites on a contractual or lump sum. Services are provided by independent contractors and businesses to mining companies, construction companies and others.

Asia-Pacific was the largest region in the mining support activities market in 2021. Western Europe was the second largest region in the mining support activities market. Regions covered in Mining Support Activities Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Government policies aimed at supporting the mining industry should stimulate mining market support activities. Governments provide subsidies and encourage foreign direct investment (FDI) in the mining industry. The amount of government support includes support through public financing institutions such as bilateral development banks and export credit agencies that invest in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies.

GIS technology is increasingly used by mining companies to monitor critical factors such as durability, geological composition and compliance. GIS systems capture, record, evaluate and present spatial or geographic data. GIS integrates exploration datasets such as geophysical images, geochemistry, geological maps, radiometric surveys, boreholes and mineral deposits leading to the 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 related industries such as production, mine closure and reclamation. For example, according to GISGIG, the global GIS market is expected to reach $12.7 billion by 2024.

Main topics covered:

1. Summary

2. Structure of the report

3. Characteristics of the mining support activities market
3.1. Market definition
3.2. Key segments

4. Mining Support Activities Market Product Analysis
4.1. Featured products/services
4.2. Key Features and Differentiators
4.3. Development products

5. Mining Support Activities Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End customers

6. Mining Support Business Market Customer Information
6.1. Customer preferences
6.2. End-use market size and growth

7. Mining Support Activities Market Trends and Strategies

8. Impact of COVID-19 on mining support activities

9. Mining Support Activities Market Size and Growth
9.1. Market size
9.2. Historical Market Growth, Value (Billions of dollars)
9.2.1. Market Drivers
9.2.2. Market Constraints
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market Drivers
9.3.2. Market Constraints

10. Mining Support Activities Market Regional Analysis
10.1. Global Mining Support Activities Market, 2021, by Region, Value (USD Billion)
10.2. Global Mining Support Activities Market, 2016-2021, 2021-2026F, 2031F, Historical & Forecast, By Region
10.3. Global Mining Support Activities Market Comparison, Growth and Market Share, by Region

11. Mining Support Activities Market Segmentation
11.1. Global Mining Support Activities Market Segmentation by Type, History & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Coal Mining Support Activities

  • Support activities for metal mines

  • Support activities for the extraction of non-metallic minerals

11.3. Global Mining Support Activities Market, Segmentation by Service Provider Type, History & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Independent contractors

  • Companies

11.3. Global Mining Support Activities Market, Segmentation by Application, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Mining companies

  • Construction companies

  • Other Apps

12. Mining Support Activities Market Segments
12.1. Global Coal Mining Support Activities Market, Segmentation by Type, 2016-2021, 2021-2026F, 2031F, Value (USD Billion) – Coal Mining Drilling Services; Coal mine exploration services; Coal mine drainage services; Other Coal Mining Support Activities
12.2. Global Metal Mining Support Activities Market, Segmentation by Type, 2016-2021, 2021-2026F, 2031F, Value (USD Billion) – Metal Mining Drilling Services; metal mining exploration services; Metal mine drainage services; Other Metal Mining Support Activities
12.3. Global Non-Metallic Mineral Mining Support Activities Market, Segmentation by Type, 2016-2021, 2021-2026F, 2031F, Value (USD Billion) – Non-Metallic Mineral Mining Drilling Services; Mining exploration services for non-metallic minerals; Non-metallic mineral mine drainage services; Other non-metallic mineral mining support activities

13. Mining Support Activities Market Metrics
13.1. Mining Support Activities Market Size, Percentage of GDP, 2016-2026, Global
13.2. Average Per Capita Spending in Mining Support Activities Market, 2016-2026, Global

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