Dublin, Feb. 15, 2024 (GLOBE NEWSWIRE) -- The "Mining Support Activities Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive global market report on mining support activities has been released, showcasing an industry on the rise with projections indicating a growth from $283.99 billion in 2023 to an impressive $407.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The market research report highlights extensive growth in areas such as automation, digitalization, electrification, and the incorporation of advanced materials, significantly reshaping the supporting framework of the mining sector.
Driven by technological advancements and increasing focus on sustainability and global infrastructure development, the mining support activities market is undergoing a remarkable transformation. The report provides a deep dive into government initiatives worldwide facilitating this sector, underlying the importance of investments from government-backed financial institutions, tax incentives, and legislative support as key drivers of market growth. Notable growth is also expected in the Asia-Pacific region, which has emerged as a powerhouse in the mining support activities space, followed closely by Western Europe.
The market is broadly categorized into coal mining support, metal mining support, and non-metallic mineral mining support activities. Each sector is dissected to reveal underlying trends and projections. It further explains the impact of the COVID-19 pandemic, showcasing the market's resilience and its expected recovery trajectory.
Within the mining framework, technology such as Geographic Information System (GIS) is pinpointed as an innovative tool revolutionizing the industry by enhancing discovery processes and operational efficiency through geographical data management. The report elucidates on key partnerships forming within the industry as companies strive for sustainability and operational excellence.
Featuring an array of major companies leading the charge towards progressive mining support activities, including entities specializing in drilling, exploration, and mine site preparation, the report comprehensively details significant collaborations and ongoing projects that are setting the pace for future industry standards.
The report finally encompasses a sweeping geographical analysis detailing the contributions of numerous countries within the Asia-Pacific, Western Europe, North America, and other regions to the mining support sector.
A selection of companies mentioned in this report includes
- 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
For more information about this report visit https://www.researchandmarkets.com/r/bdif4j
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