Press release
Support Activities For Mining Market Share, Size, Trends, Opportunities, Analysis and Forecast 2020-2030
Global Support Activities For Mining Market
The global support activities for mining market is expected to decline from $198.4 billion in 2019 to $165.3 billion in 2020 at a compound annual growth rate (CAGR) of -16.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3% from 2021 and reach $181.4 billion in 2023.
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The mining support 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.
Mining support companies are increasingly opting for 3D modeling technologies which reduce costs of discovery, improves prospecting and facilitates focused exploration. A geological 3D modeling tool provides computerized illustrations of earth crust based on geological and geophysical observations made on earth surface and earth crust. It also provides detailed mapping and visualization of structural data of prospective mining zones and supports companies in resource estimation of mines, thus aiding the stakeholders to better interpret the data. This technology enhances discovery efficiency and improves exploration success rate. For instance, BRGM, a leading geological exploration based in France, carried out 3D geological modeling at Gardanne coal basin.
Support Activities For Mining Market Segmentation: -
By Type
Support Activities For Coal Mining
Support Activities For Metal Mining
Support Activities For Nonmetallic Minerals Mining
By Service Provider Type
Independent Contractors
Companies
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Support Activities For Mining Market Characteristics
4. Support Activities For Mining Market Product Analysis
5. Support Activities For Mining Market Supply Chain
.......
20. Support Activities For Mining Market Competitive Landscape
21. Key Mergers And Acquisitions In The Support Activities For Mining Market
22. Market Background: Mining Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the Support Activities For Mining Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Support Activities For Mining Market are CIMIC Group Limited; PT United Tractors Tbk; Downer EDI Mining-Blasting Services Pty Ltd; Barminco Ltd; Boart Longyear Ltd
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