The Mining Support Services industry has benefited from improved operating conditions over the past few years, although mixed demand conditions have meant that revenue has fluctuated. Industry revenue is expected to increase at an annualised 1.9% over the five years through 2023-24, to an estimated $13.3 billion. An upsurge in capital expenditure on mining over the past few years has driven improved downstream demand, yet the fragmented and varied nature of the industry means that the benefits of this trend were not uniformly shared. Some segments of the industry are countercyclical, which means that a jump in mining activity often crowds out demand for third-party services like mining shutdown, rehabilitation or maintenance. In 2023-24, a sharp drop in vital downstream industries, like coal mining, is set to contribute to a revenue decline of an estimated 4.6%.Digging deep: Increased mining activity is boosting revenue for mining support services
Industry firms provide mining support services that are integral to a range of mining processes. These services include maintenance, transport, rehabilitation and shutdown services. Contractors that perform all operations at a mine on behalf of another entity are excluded from the industry. Exploration drilling is also excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
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