Global Mining Drilling Services Market to Reach USD 4.6 Billion by 2033, Fostered by Increasing Onshore and Offshore Oil Exploration Activities

December 25, 2024 | Energy & Mining

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IMARC Group’s latest report, titled “Mining Drilling Services Market Report by Mining Type (Metal, Coal, Mineral, Quarry), and Region 2025-2033,” finds that the global mining drilling services market size reached USD 2.9 Billion in 2024. Mining drilling services involve a range of drilling activities performed on a contract basis to extract various commodities, such as coal, metals, and minerals. Some commonly offered mining drilling services include mine exploration, development, production, and mine closure. They rely on mud motors, autonomous drills, and rotary steerable systems for logging-while-drilling (LWD) and measurement-while-drilling (MWD) operations. They aid in surface and underground blast hole drilling, cabling and dewatering, underground roof bolting, and body characterization. They also assist in enhancing the efficiency of mining operations and improving the safety of workers while offering precise depth tracking. As a result, mining drilling services are gaining immense traction in coal, quarry, mineral, and metal mining.

Global Mining Drilling Services Market Trends:

The increasing onshore and offshore oil exploration activities represent the primary factor driving the market growth. Additionally, the escalating energy demand across the globe has led to the widespread adoption of efficient mining drilling services in both developed and developing countries for the optimum extraction of oil and gas resources. In line with this, the shifting inclination toward low-emission energy and transportation systems across various industries has catalyzed market growth. This is further supported by the large-scale integration of automobile components that utilize mineral-based fuels instead of fossil fuels by automotive manufacturers to reduce carbon footprints. Furthermore, the leading players are heavily investing in research and development (R&D) activities to introduce innovative product variants, such as automated and battery-operated drill rigs. Besides this, the rising adoption of directional drilling services that provide higher flexibility and minimal soil contamination, site restoration requirements, and geological abnormalities has propelled the market growth. Other factors, including the rapid expansion of the mining sector, surging coal production, escalating demand for precious metals, advancements in drilling technologies, and supportive government policies, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach USD 4.6 Billion by 2033, growing at a CAGR of 5.2% during 2025-2033.

Market Summary:

Based on the mining type, the market has been classified into metal, coal, mineral, and quarry.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being Action Drill & Blast (NRW Holdings Limited), Baker Hughes Group, Boart Longyear, Byrnecut Group, Halliburton Energy Services, Inc., Perenti Limited, PT UNITED TRACTORS TBK, and Schlumberger Limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Mining Type, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Action Drill & Blast, Baker Hughes, Boart Longyear, Byrnecut Group, Halliburton Company, Perenti Global Limited, PT UNITED TRACTORS TBK and Schlumberger Limited
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Mining Drilling Services Market to Reach USD 4.6 Billion by 2033, Fostered by Increasing Onshore and Offshore Oil Exploration Activities

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