Mining Drilling Services Market Report 2026

The mining drilling services market size has grown steadily in recent years. It will grow from $3.12 billion in 2025 to $3.27 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increasing mineral exploration activities, expansion of underground mining projects, rising demand for geological data sampling, availability of heavy drilling equipment, growth of contract mining services.

The mining drilling services market size is expected to see strong growth in the next few years. It will grow to $3.98 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increasing investment in advanced drilling technologies, rising focus on reducing drilling downtime, expansion of drilling services in emerging markets, growing adoption of remote-controlled drilling systems, increasing emphasis on environmentally responsible drilling. Major trends in the forecast period include increasing adoption of precision drilling techniques, rising demand for deep exploration drilling, growing use of automated drilling rigs, expansion of contract-based drilling services, enhanced focus on operational efficiency in drilling.

The growth in mining production is expected to drive the expansion of the mining drilling services market going forward. Mining refers to the process of extracting valuable materials from the earth, and increasing industrial dependence on mineral commodities has boosted the demand for mining drilling services. For instance, in November 2025, data from the U.S. Energy Information Administration, a U.S.-based government energy statistics agency, reported 524 producing coal mines in the U.S. in 2024, compared with 560 mines in 2023, reflecting sustained high levels of active mining operations that support ongoing project activity. Therefore, the rise in mining production is fueling growth in the mining drilling services market.

Major companies in the mining drilling services market are focusing on developing innovative technological solutions to enhance their market position. For instance, in September 2024, New Concept Mining, a South Africa-based provider of ground support solutions for the mining industry, launched a Hydraulic Rock Drill (HRD) manufacturing plant in Johannesburg. This facility is dedicated to producing advanced hydraulic rock drills, which are critical for hard-rock mining operations. The launch reinforces New Concept Mining’s role as a key provider of cutting-edge mining equipment and underscores its commitment to innovation and the production of high-quality, locally manufactured products for the global mining market.

In October 2024, Drilling Tools International Corp., a US-based manufacturer and rental provider of downhole drilling tools, acquired European Drilling Projects B.V. for an undisclosed amount. This acquisition enhances Drilling Tools International's presence in Europe and expands its global market reach. The move strengthens the company's regional foothold and broadens its portfolio of advanced drilling solutions, supporting growth in the oil and natural gas sectors. European Drilling Projects B.V. is based in the Netherlands and specializes in providing mining drilling services.

Major companies operating in the mining drilling services market are Sandvik Mining and Construction, Perenti Group, BoartLongyear, Major Drilling Group International Inc, Byrnecut Mining Pty. Ltd, Action Drill & Blast, Barminco, Foraco International S.A, Capital Drilling, Orbit Garant Drilling Inc., Geodrill, Master Drilling Group Limited, Ausdrill, Geotech Drilling Services Ltd., Gregg Drilling LLC, REI Drilling Inc., Viking Drilling LLC, Drillmech Engineering & Hydraulic Services, Dando Drilling International, Central African Drilling, Drillex International, Xploration Services Limited, Midwest Mineral Exploration Services.

Asia-Pacific was the largest region in the mining drilling services market in 2025. The regions covered in the mining drilling services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mining drilling services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mining drilling services market includes revenues earned by entities by providing impact drill, rotatory drill, breaking, ore removing, blasting services. 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.

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