Mining involves many operations such as rock breakage, materials handling, equipment maintenance, mine design, scheduling and budgeting. At one stage or the other mine managements often have to decide whether to undertake a major mining operation using their own equipment and personnel or to contract the operation out to a specialised mining contractor. By contracting out one or more of their mining operations, the mining companies can concentrate on their core businesses. The decision to adopt owner mining or contract mining is influenced by the life of the mine, the availability and use of capital, and that contract mining helps to reduce the cost of mines with short life spans. The general trends in the mining industry show that contract mining will be the way forward for most mines under various circumstances in the future.
This report contains market size and forecasts of Contract Mining Services in Global, including the following market information:
Global Contract Mining Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Contract Mining Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Surface Mining Services Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Contract Mining Services include Laxyo Group, Downer Group, PYBAR Mining Services, Exact Mining Group, BGC Contracting Pty Ltd, CIMIC Group, Macmahon, Byrnecut Group and Ledcor IP Holdings Ltd, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Contract Mining Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Contract Mining Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Contract Mining Services Market Segment Percentages, by Type, 2021 (%)
Surface Mining Services
Underground Mining Services
Global Contract Mining Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Contract Mining Services Market Segment Percentages, by Application, 2021 (%)
Iron Ore Mining Firms
Coal Mining Firms
Oil and Gas Extraction Firms
Gold Mining Firms
Others
Global Contract Mining Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Contract Mining Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Contract Mining Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Contract Mining Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Laxyo Group
Downer Group
PYBAR Mining Services
Exact Mining Group
BGC Contracting Pty Ltd
CIMIC Group
Macmahon
Byrnecut Group
Ledcor IP Holdings Ltd
Saumya Mining
SGS SA
The Redpath Group
Brierty
Mining Plus
Contract Mining Services Pty Ltd (CMS)
NRW Holdings Limited
Perenti Global Limited