Reports
Global Contract Mining Services Industry Report: Country Overview; Recent Events; Value Chain Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027
Contract Mining Services Industry Report by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices
The global Contract Mining Services market reached a value of USD 11.3 billion in 2021. The industry is projected to grow at a CAGR of around -1.8% in the forecast period of 2022-2027 to reach a value of USD 10.1 billion by 2027.
The Contract Mining Services industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The international market for contract mining services is projected to expand even though the commodity market is weak because the mining organisations are choosing to outsource their work rather than investing their capital spending and augmenting their expenses. The Asia Pacific is the highest category spender by region which is driving the demand for the Contract Mining Services industry.
Industry Definition and Segmentation
The companies in the contract mining industry offer services for the fundamental phases of a mining operation and hence help mining organisations in their mining production process. These mining organisations obtain expense and productivity benefits from subcontracting the mining activities instead of conducting them on their own which is in turn leading to the progress of the contract mining services market. Contract mining companies usually have access to a huge pool of mining equipment and machinery, and competent professionals to cater to the need of their clients. The global Contract Mining Services industry report comprises segments based on application (Gold, Iron Ore, Coal, Oil & Gas, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa).
The Asia Pacific Region is Driving the Growth of the Industry
It is projected that the Asia Pacific region excluding Japan (APEJ) will continue to dominate the regional market for leading suppliers of contract mining services. The constant demand for coal mining in the APEJ is considered to be a major factor in strengthening the contract mining services market development in the region. Owing to the regular change in the cost and demand for coal globally and the growth of the coal mining industry in Asia is likely to indicate encouraging progress in the upcoming years. Along with this factor, the focus of Asian countries to intensify the improvement of steel manufacturing is estimated to increase the demand for coking coal in the future ahead. This situation will specifically help APEJ and may generate several potential prospects for contract mining services providers in the forthcoming years.
The lower investment and expenditure for mining companies gives them an opportunity to use their money in a better way and emphasises the organisation’s other important competencies, which may be exploration, sales, and marketing. In addition, exhausting ore groups in surface mines have prompted mining companies to conduct deeper mineral extraction, which has led to the rise in the demand for contract mining services. Furthermore, the supplier has the access to all equipment and modern machinery and expertise so that they are able to be in a good position in the market.
However, a drop in the prices of the commodities due to the worldwide economic slump led to a decrease in demand which would in turn hamper the expansion of the mining activities.
Best Procurement Practices
The global Contract Mining Services oil industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by Contract Mining Services providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.
Category Management Studies
The mining industry includes several operational activities like materials handling, rock breakage, designing mine, maintaining equipment, budgeting, and scheduling. At a certain phase, the management team in the mining operation needs to determine whether to embark on important mining activities employing their own personnel and machinery or to subcontract the operation to a focused mining contractor. Moreover, the mining companies save their money and are able to concentrate on their essential business tasks. The industry offers products and services including surface contract mining, underground contract mining, oil, and gas extraction, and sonstige and comprises activities such as surface contract mining services, underground contract mining services, and oil and gas extraction on an agreement basis.
Utilising Pioneering Technologies by the Suppliers is Anticipated to Further Drive the Contract Mining Services Market
A large number of contract mining service suppliers are adopting cutting-edge and advanced technologies as a part of their plans and approaches. Owing to the increasing automation services, the rise in the demand for the Internet of Things (IoT), robotics, and other advanced and innovative methodologies employed for mining activities will propel employment and digging expenditures in the mining industry.
The key zones in the industry are North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Key Industry Players Mentioned in the Contract Mining Services Industry Report
- CIMIC Group Limited
- Downer EDI Limited
- Macmahon Holdings Limited
- Murray and Roberts Holdings Ltd.
- Aveng Moolmans (PTY) Ltd.
Market Landscape
Amongst the prominent market players, acquisitions, tactical mergers, and collaborations between contract mining service suppliers are anticipated to continue to be ideal progressive strategies. Another major strategy is that the contract mining service providers are employing the latest and most advanced technologies such as automation, robotics, and IoT which is likely to increase the professional and excavation costs in the mining sector. In addition, most of the leading contract mining service companies in the market are providing focused and dedicated mining services for various applications such as automotive, excavation, medical, transportation, scrap, and recycling, and others while looking at newer prospects in applications that are evolving in a variety of functions.
Key Initiatives by Companies
- In August 2021, Macmahon Holdings strengthened its company by extending several contracts concerning the Tropicana and Telfer gold operations, Western Australia, and the Hu’u copper-gold venture based in Indonesia.
1. Executive Summary
2. Contract Mining Services Market Snapshot
2.1. Contract Mining Services Market Outlook
2.2. Contract Mining Industry Analysis by Application
2.2.1. Gold
2.2.2. Iron Ore
2.2.3. Coal
2.2.4. Oil & Gas
2.2.5. Others
2.3. Region Overview
2.3.1. North America
2.3.2. Asia Pacific
2.3.3. Europe
2.3.4. Latin America
2.3.5. Middle East and Africa
3. Impact of Recent Events
4. Contract Mining Services Value Chain Analysis
5. Contract Mining Services Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Contract Mining Services Cost Structure
9. Contract Mining Services Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Contract Mining Services Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. CIMIC Group Limited
14.2. Downer EDI Limited
14.3. Macmahon Holdings Limited
14.4. Murray and Roberts Holdings Ltd.
14.5. Aveng Moolmans (PTY) Ltd.
In 2021, the global attained a value of USD 11.3 billion 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of -1.8%.
The lower investment and expenditure for mining companies allows them to use their money in a better way and emphasises the organisation’s other important competencies, which may be exploration, sales, and marketing. This is leading to the growth of the market.
The major regions in the industry are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Some of the leading players in the industry are CIMIC Group Limited, Downer EDI Limited, Macmahon Holdings Limited, Murray and Roberts Holdings Ltd., and Aveng Moolmans (PTY) Ltd.
The global Contract Mining Services market reached a value of USD 11.3 billion in 2021 and is projected to grow at a CAGR of around -1.8% in the forecast period of 2022-2027. It is anticipated that the Asia Pacific region excluding Japan (APEJ) will persist to dominate the regional market for leading suppliers of contract mining services. This is primarily because of the constant demand for coal mining in the APEJ. The lower investment and expenditure for mining companies gives them an opportunity to use their money in a better way and emphasises the organisation’s other important competencies, which may be exploration, sales, and marketing. Some of the leading players in the industry are CIMIC Group Limited, Downer EDI Limited, Macmahon Holdings Limited, Murray and Roberts Holdings Ltd., and Aveng Moolmans (PTY) Ltd.
Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, and actionable, and help them remain ahead of their competition.
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