openPR Logo
Press release

Global Mining Market: Strong Growth Propelled by Technological Advancements and Favorable Government Policies

01-29-2025 11:01 AM CET | Chemicals & Materials

Press release from: The Business Research Company

Global Mining Market

Global Mining Market

Delving into the Numbers: What is the Projected Market Size of the Global Mining Market and its Growth Rate?
The global mining market has seen a steady growth over the years with significant advancements in technology and rise in investments. The key statistics are:
•The market grew from $2260.85 billion in 2024 to $2401.85 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.2%.
•The market size is projected to reach $3002.5 billion by 2029, growing at a CAGR of 5.7%.

Unearthing the Drivers: What is Driving the Growth in the Mining Market?
The growth in the mining market is significantly influenced by government subsidies and foreign direct investments (FDI) in the mining industry. Governments worldwide are providing support through public finance institutions, fiscal support through budget allocations and tax exemptions, and investments through state-owned mining and utility companies. For instance, in May 2024, according to the Australian Bureau of Statistics, the mining industry in Australia witnessed growth, reaching 220 in 2023 from 202 in 2022. These government policies are expected to continue supporting the growth of the mining market.

Request A Free Sample Copy
https://www.thebusinessresearchcompany.com/sample.aspx?id=1860&type=smp

Chiseling the Contributors: Who Are the Key Players Driving Mining Market Growth?
The key players in the mining market include:
•BHP Group Limited
•Rio Tinto Group
•Glencore plc
•Vale S.A.
•China Shenhua Energy Company Limited
•Anglo American Plc
•China Coal Energy Company Limited and many more.

Uncovering Innovations: What Are The Key Trends in The Mining Market?
The major trends include:
•Focus on use of Lidar (light detection and ranging)
•Adoption of drone technology
•Product innovations
•Launch of digital twin
•Use of 3d mine visualizers
•Adoption of battery-driven mining machinery and equipment
•Technological advancements, automated mining machinery
•Rise in the use of telematics

Digging Deeper: What Are The Segments of The Global Mining Market?
The mining market can be categorized into:
1) By Type: Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, and Zinc, Metal Ore, Coal, Lignite and Anthracite
2) By Process: Underground Mining, Surface Mining
3) By Service Provider: Independent Contractors, Companies

Identifying the Leaders: Which Region Leads the Mining Market?
Asia-Pacific was the largest region in the mining market in 2024, with North America following closely. The growth is spread across various regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.

Pre-book the Report for Swift Delivery
https://www.thebusinessresearchcompany.com/report/mining-global-market-report

What Is Covered In The Mining Market Global Market Report?
- Market Size Analysis: Analyze the Mining Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mining Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mining Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mining Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report
https://www.thebusinessresearchcompany.com/customise?id=1860&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: mailto:info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company

The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Mining Market: Strong Growth Propelled by Technological Advancements and Favorable Government Policies here

News-ID: 3839226 • Views:

More Releases from The Business Research Company

Emerging Trends to Reshape the Vertical Farming Market: Technological Advancements And Sustainable Practices In Vertical Farming as a Key Influencer
Emerging Trends to Reshape the Vertical Farming Market: Technological Advancemen …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Vertical Farming Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The size of the vertical farming market has seen rapid growth in recent years. Predictions estimate it will increase from $7.74 billion in 2024 to $9.55 billion in 2025. This represents a compound annual growth
Plant Breeding And CRISPR Plants Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Plant Breeding And CRISPR Plants Market Landscape to 2034: Key Forces Shaping th …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Plant Breeding And CRISPR Plants Market Size By 2025? In recent years, the market size for plant breeding and CRISPR plants has seen considerable growth. It stands projected to escalate from $13.56 billion in 2024 to a noteworthy $15.5 billion in 2025, boasting a compound
Soaring Demand Set to Propel Livestock Monitoring Market to $7.14 Billion by 2029
Soaring Demand Set to Propel Livestock Monitoring Market to $7.14 Billion by 202 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Livestock Monitoring Market Through 2025? In recent times, there has been a significant increase in the livestock monitoring market size. The market, which stands at $3.48 billion in 2024, is projected to rise to $3.94 billion by 2025, depicting a compound annual
Emerging Trends to Drive Forestry And Logging Market Growth at 7.9% CAGR Through 2029
Emerging Trends to Drive Forestry And Logging Market Growth at 7.9% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Forestry And Logging Market Size Growth Forecast: What to Expect by 2025? The market size for forestry and logging has seen a substantial growth in the past couple of years. It is expected to increase from $980.05 billion in 2024 to $1055.36 billion in 2025, with a compound annual

All 5 Releases


More Releases for Mining

Gold Mining Market is Booming Worldwide | Newmont Mining, Coeur Mining, Freeport …
The " Gold Mining - Market Development Outlook " Study has been added to AMA Research repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are Newmont Mining United States), Coeur Mining (United States), Freeport-McMoRan (United States), North Bloomfield Mining and Gravel
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe. The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining. Surface
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally. Summary GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe. Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due