Mining Support Activities Global Market Report 2024

The mining support activities market size has grown strongly in recent years. It will grow from $283.99 billion in 2023 to $304.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historical period can be attributed to worldwide economic conditions, technological advancements, and geopolitical factors.

The mining support activities market size is expected to see strong growth in the next few years. It will grow to $407.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increased automation and digitalization, as well as global infrastructure development. Major trends in the forecast period include a focus on electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, and collaboration and partnerships.

Government initiatives aimed at supporting the mining industry are anticipated to be a driving force behind the growth of the support activities for mining market. Governments around the world are taking measures such as providing subsidies and encouraging foreign direct investments (FDI) in mining. This support encompasses various forms, including investments from government-backed financial institutions like bilateral development banks and export credit agencies, fiscal support through budget allocations and tax incentives, as well as investments from majority state-owned mining and utility companies. For example, in 2021, the Ministry of Mines of the Government of India enacted the Mines and Minerals Amendment Act 2021 and published The Mineral Conservation and Development Rules to promote the growth of the mining sector in India and regulate the industry. These government policies are expected to continue bolstering mining processes, thereby contributing to the growth of the support activities for mining market.

The primary categories of mining support activities include coal mining support activities, metal mining support activities, and non-metallic minerals mining support activities. Coal mining support activities encompass tasks like coal exploration and conventional prospecting techniques, involving activities such as taking core samples and making geological observations at potential sites, typically performed under contract or fee arrangements. These services are supplied by independent contractors and companies to mining firms, construction companies, and other clients.

The mining support activities market research report is one of a series of new reports that provides mining support activities market statistics, including mining support activities industry global market size, regional shares, competitors with a mining support activities market share, detailed mining support activities market segments, market trends and opportunities, and any further data you may need to thrive in the mining support activities industry. This mining support activities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The expanding mining industry is projected to be a key driver of growth in the mining support activities market. Mining involves the extraction of valuable minerals and resources from the earth, both on the surface and underground. Mining support activities encompass a range of services critical to the industry, including exploration, drilling, and mine site preparation. For instance, in May 2023, data from the Australian Bureau of Statistics revealed significant growth in the mining industry during the 2021-22 period. Earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 32.7%, reaching $54.3 billion, building upon the 4.9% increase of $7.7 billion seen in 2020-21. Similarly, mining income value added (IVA) also experienced substantial growth, with a 29.5% increase totaling $64.6 billion, following a 4.4% rise of $9.2 billion in 2020-21. Therefore, the expanding mining industry is a driving force behind the growth of the mining support activities market.

The outbreak of COVID-19 acted as a significant restraint on the support activities for mining market in 2020 due to global lockdowns and restrictions on movement, causing economic disruptions. However, it is expected that the support activities for mining market will recover from the pandemic's impact over the forecast period, as it was an unforeseen event and not indicative of ongoing or fundamental weaknesses in the market or the global economy.

In the mining sector, Geographic Information System (GIS) technology is becoming increasingly prevalent, enabling companies to monitor critical factors such as sustainability, geological composition, and compliance. GIS systems are designed to capture, record, evaluate, and present spatial or geographic data. These systems integrate exploration datasets, including geophysical images, geochemistry, geologic maps, radiometric surveys, boreholes, and mineral deposits, facilitating the efficient discovery of new mineral resources. GIS also offers 3D visualization tools by amalgamating data from diverse sources, and it finds applications in related industries such as production, mine closure, and reclamation. For example, the global GIS market is projected to reach $12.7 billion by 2024, according to GISGIG.

Major companies operating in the mining support activities market are increasingly focusing on forming strategic partnerships to drive market growth. These partnerships are aimed at enhancing operations and fostering innovation in responsible mining practices. For instance, in May 2023, Gradiant Corporation, a U.S.-based cleantech water project solutions provider, partnered with Schlumberger NV, a France-based oilfield services company, and Rio Tinto Group, a UK-based metals and mining corporation, to enhance productivity and sustainability in the mining sector. This collaborative effort is centered around advancing sustainability in mining through the application of data-driven interdisciplinary science, technology, and innovation. By working in cooperation with various stakeholders across ecosystems, including peers, competitors, and other industries, companies in the mining support activities sector can expedite the development of sustainable mining practices.

Major companies operating in the mining support activities market include Metallurgical Corporation of China Limited, PT United Tractors Tbk, Perenti Global Ltd., NRW Holdings Limited, Weir Group PLC, Major Drilling Group International Inc., Aveng Limited, Boart Longyear Ltd., Foraco International SA, Ausdrill Limited, CIMIC Group Limited, Downer Group, DRA Global Ltd., Dyno Nobel, Emeco Holdings Limited, FLSmidth & Co. A/S, Geotech Ltd., Golder Associates Inc., Hatch Ltd., Hexagon AB, Imdex Limited, Komatsu Ltd., Lycopodium Limited, Macmahon Holdings Limited, Mineral Resources Limited, Monadelphous Group Limited, Orica Limited, Outotec Oyj, Sandvik AB, Sedgman Limited, SRK Consulting (UK) Ltd., Thiess Pty Ltd., Worley Limited.

Asia-Pacific was the largest region in the mining support activities market in 2023. Western Europe was the second largest region in the mining support activities market. The regions covered in the mining support activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the mining support activities market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The mining support activities market consists of revenue earned by entities by offering supporting 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. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.