Mining Drilling Services Global Market Report 2025

Mining drilling services involve the extraction of stones, minerals, and resources from various subsurface levels. This process necessitates the use of substantial and robust equipment to carry out the drilling tasks. Such services play a crucial role in providing geologists with diverse soil samples for analysis and aiding in the retrieval of valuable minerals.

The primary categories of mining drilling services encompass surface mining and underground mining. Surface mining involves the extraction method where the soil and overlaying rock covering mineral deposits are excavated. Its applications span across metals, coal, minerals, and quarries, serving industries such as construction, manufacturing, and technology

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the ensuing trade tensions in spring 2025 are heavily affecting the mining sector, especially in areas such as equipment acquisition, export flows, and supply chain stability. Increased tariffs on imported heavy machinery, drilling tools, and specialized parts have driven up both capital and operational expenditures, leading to delays in project development and reduced production efficiency. Simultaneously, retaliatory tariffs from major trading partners have diminished global demand for U.S. sourced minerals particularly critical resources like lithium, copper, and rare earth elements intensifying revenue challenges. These impacts are hitting mid-sized and niche mining companies the hardest due to their reliance on international markets. In response, the industry is focusing on building domestic equipment supply chains, scaling up mineral recycling programs, and lobbying for tariff relief to regain competitiveness and safeguard long-term resource availability.

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

The mining drilling services market size has grown steadily in recent years. It will grow from $3.01 billion in 2024 to $3.12 billion in 2025 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to resource demand surge, boom in exploration activities, commodity price fluctuations, mining industry cycles, discovery of new deposits.

The mining drilling services market size is expected to see steady growth in the next few years. It will grow to $3.78 billion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to mining infrastructure development, market competition dynamics, global geopolitical stability, energy transition initiatives, economic trends. Major trends in the forecast period include advanced drilling technologies, automation and robotics, data-driven decision making, remote operations and monitoring.

The forecast of 4.9% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariffs on imported drill bits and rigs can raise costs for exploration companies, particularly in remote or hard-to-access reserves. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increase in mining production is expected to drive growth in the mining drilling services market. Mining involves extracting valuable materials from the earth, and as industries rely more on the supply of mineral commodities from underground, the demand for mining drilling services has surged. For instance, in June 2024, the Australian Bureau of Statistics reported that Australia's mining sector achieved record export earnings of $455 billion for the 2022-23 financial year. This highlights the country's exceptional capabilities in mineral extraction and processing, positioning the industry as a vital global supplier to meet the growing demand for resources. Therefore, the rise in mining production is propelling the growth of the mining drilling services market.

The anticipated surge in electricity consumption stands as a key driver for the projected growth of the mining drilling services market in the foreseeable future. Electricity, being a vital form of energy stemming from the presence of charged particles, whether statically or in current, heavily relies on mining drilling services for extracting essential raw materials such as coal, minerals, or metals. These resources play a fundamental role in powering electricity generation processes and manufacturing components crucial to electrical infrastructure. For example, as per Enerdata's World Energy and Climate Statistics, a France-based information services company, electricity consumption in the United States witnessed a 1.8% increase in 2022. Consequently, the escalating demand for electricity serves as a primary catalyst propelling the expansion of the mining drilling services market.

Technological advancement is a significant trend gaining traction in the mining drilling services market. Major companies in this sector are focusing on developing innovative technological solutions to enhance their market position. For example, 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 new facility is dedicated to producing cutting-edge hydraulic rock drills, which are crucial for hard-rock mining operations. The establishment of this plant reinforces New Concept Mining's status as a key player in providing advanced mining equipment and underscores its commitment to innovation and the development of high-quality, locally manufactured products for the global mining market.

Leading entities within the mining drilling services market are strategically forging partnerships to elevate drill hole data analysis within the mining sector. A strategic partnership denotes a collaborative alliance between multiple entities, be it corporations, entities, or governmental bodies, aimed at mutually advantageous goals. For instance, in December 2023, International Directional Services (IDS) LLC, a US-based drilling services enterprise, entered a partnership with Veracio, a US mining technology firm. Through this collaboration, the objective is to enhance the precision and caliber of drill hole data analysis, amplify operational efficiency, and propel advancements in drilling and downhole technologies. Leveraging expertise in directional drilling and geological data gathering, this joint effort seeks to enable clients to curtail drilling expenses, mitigate operational discrepancies, minimize waste, and champion sustainable mining practices.

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 include Schlumberger Limited, 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 2024. The regions covered in the mining drilling services market report are Asia-Pacific, 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, 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.

Mining Drilling Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mining drilling services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for mining drilling services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The mining drilling services market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Surface Mining; Underground Mining
• 2) By Application: Metal; Coal; Mineral; Quarry
• 3) By End-User: Construction; Manufacturing; Technology Industries
• Subsegments:
• 1) By Surface Mining: Open-Pit Drilling; Blast Hole Drilling; Geological Exploration Drilling; Auger Drilling
• 2) By Underground Mining: Diamond Core Drilling; Reverse Circulation Drilling; Raise Boring; Longhole Drilling
• Companies Mentioned: Schlumberger Limited; 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
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.