Global Market Study on Contract Mining Services, 2019-2027: Contractors Caving in to Mining Automation

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Key Findings – Contract Mining Services Market

1. The global demand for contract mining services is projected to experience approximately 1.2X decline between 2019 and 2027.
2. Mining automation is gaining momentum, leading to the considerable fall in the revenues of contract mining services market.
3. Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA) are likely to remain leading markets for contract mining service providers.
4. Australia and South Africa will particularly continue to represent high-growth countries.
5. North America and Europe are poised to remain important target markets for vendors in the contract mining services market.

While contract mining services typically allow completion of mining processes at lesser turnaround time, mining companies have been particularly benefiting from the most desirable advantage, i.e. the complete land optimization. Several small and mid-sized companies have gone through the route of contract mining services, and a number of new businesses are currently planning to step in the contract mining services landscape.

Although contract miners assure to align their services with risk management in terms of workforce and occupational health and safety, they are repeatedly failing to build the certainty of sustainable jobs as a result of a few prime challenges, such as labor broking, sub-contracting, casualization, relatively lenient legislation, and a fair amount of political interference.

Top Factors Shaping Contract Mining Services Market

The Degree of Mechanization Is Increasing

Mines are typically characterized by low mechanization levels and thus, continue to face challenges thrown by massive labor spend of nearly 35-40% of the overall mining costs. Rising automation of the mining industry is however shaping the industry differently, since the recent past, which is prominently impeding the growth of contract mining services. However, in the backdrop of narrow mine shafts that remain unprofitable when subject to mechanization, manual labor continues to sustain demand, sustaining revenues of the contract mining services space. 

Governments Are Pushing the Number of Mining Projects

Increasing R&D spending targeting exploration of new areas will remain among the key factors sustaining contract mining services market. Moreover, rapid urbanization and the increasing spending on mining are expected to create potential growth opportunities for the contract mining services market. Another strong influencer identified by the research includes rapidly improving awareness about safety and security services across the mining industry.

Several governments also play a significant role in boosting the growth of mining landscape, thereby reserving pointing to potential opportunities to contractors. For an instance, the Argentinian government had signed a collaborative agreement with the country’s provinces, in 2017, regarding the increase in mining projects across Argentina.

Automated Mining Equipment Is Trending Among Service Providers

While cutting edge technology enabled mining equipment is gaining ground recently, a majority of service vendors prefer delivering fully automated mining equipment in order to gain edge over the competition, in contract mining services market. The demand for technologically advanced contract mining service equipment is thus likely to grow at a steady yet promising pace and will mark an important trend among the participants in global contract mining services market.

While automated contract mining service equipment provides high efficiency without compromising on the safety of workers, research anticipates that it will be among the most vital factors responsible for the mining industry’s revival, thereby the growth of contract mining services market.

Commodity Prices Remain Key Indicators of Market Performance

Recently, the global economic slowdown and subsequent slump of commodity prices are heavily affecting miners, eventually pulling the overall demand for contract mining services and thereby, the profit margins of contract mining service providers. To combat this scenario creating a declining market for contract mining services, mining companies are highly likely to prioritize outsourcing rather than fresh investments, which will potentially help them optimize expenditure.

In the light of recently changing picture of mining industry owing to a strong increase in mining activities, companies will be compelled to exclusively focus on the core mining operations, outsourcing rock breakage, material handling, and other chores to contract mining service providers. Research points to a possible resurrection of the contract mining industry, however, at a gradual pace.

Contract Mining Services Market Structure Analysis

Slumping commodity prices translates into deterring mining investments, eventually leading to stoppage of mine expansion projects. While this has had a considerably negative impact on the contract mining industry, high labor dependence is also a crucial factor contributing to the decline of contract mining services market. Some of the globally recognized mining players are targeting new investments to achieving the reduced capital spend, which is strongly influencing the commodity prices. This, coupled with in-demand mining operations such as drilling and development, will hold a far-reaching impact on the growth of contract mining services market. 

Some of the most prominent players in the global competitive landscape of contract mining services industry, include Ledcor IP Holdings Ltd., Brierty, The Redpath Group, SGS SA, Saumya Mining, Mining Plus, Byrnecut Group, Macmahon, CIMIC Group, BGC Contracting Pty Ltd., Exact Mining Group, Downer Group, PYBAR Mining Services, and Laxyo Group. Leveraging the flexibility in terms of equipment offerings, a majority of companies active in contract mining services market are focused on offering advanced technology enabled machinery, to maintain an edge over other service providers.

Table of Contents

1. Global Contract Mining Services Market – Executive Summary

2. Global Contract Mining Services Market Overview
       2.1. Introduction
              2.1.1. Global Contract Mining Services Market Taxonomy
              2.1.2. Global Contract Mining Services Market Definition
       2.2. Global Contract Mining Services Market Size (US$ Mn) and Forecast, 2013-2027
              2.2.1. Global Contract Mining Services Market Y-o-Y Growth
       2.3. Global Contract Mining Services Market Dynamics
       2.4. Supply Chain
       2.5. Cost Structure
       2.6. Pricing Analysis 
       2.7. Raw Material Sourcing Strategy and Analysis
       2.8. Service Provider List
       2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Contract Mining Services Market Analysis and Forecast 2013-2027 
       3.1. Global Contract Mining Services Market Size and Forecast By Product Type, 2013-2027
              3.1.1. Surface Contract Mining Services Market Size and Forecast, 2013-2027
                      3.1.1.1. Revenue (US$ Mn) Comparison, By Region
                      3.1.1.2. Market Share Comparison, By Region
                      3.1.1.3. Y-o-Y growth Comparison, By Region
              3.1.2. Underground Mining Services Market Size and Forecast, 2013-2027
                      3.1.2.1. Revenue (US$ Mn) Comparison, By Region
                      3.1.2.2. Market Share Comparison, By Region
                      3.1.2.3. Y-o-Y growth Comparison, By Region
       3.2. Global Contract Mining Services Market Size and Forecast By End User  , 2013-2027
              3.2.1. Iron Ore Mining Firms Market Size and Forecast, 2013-2027
                      3.2.1.1. Revenue (US$ Mn) Comparison, By Region
                      3.2.1.2. Market Share Comparison, By Region
                      3.2.1.3. Y-o-Y growth Comparison, By Region
              3.2.2. Coal Mining Firms Market Size and Forecast, 2013-2027
                      3.2.2.1. Revenue (US$ Mn) Comparison, By Region
                      3.2.2.2. Market Share Comparison, By Region
                      3.2.2.3. Y-o-Y growth Comparison, By Region
              3.2.3. Oil and gas Extraction Firms Market Size and Forecast, 2013-2027
                      3.2.3.1. Revenue (US$ Mn) Comparison, By Region
                      3.2.3.2. Market Share Comparison, By Region
                      3.2.3.3. Y-o-Y growth Comparison, By Region
              3.2.4. Gold Mining Firms Market Size and Forecast, 2013-2027
                      3.2.4.1. Revenue (US$ Mn) Comparison, By Region
                      3.2.4.2. Market Share Comparison, By Region
                      3.2.4.3. Y-o-Y growth Comparison, By Region
              3.2.5. Other Mining Firms Market Size and Forecast, 2013-2027
                      3.2.5.1. Revenue (US$ Mn) Comparison, By Region
                      3.2.5.2. Market Share Comparison, By Region
                      3.2.5.3. Y-o-Y growth Comparison, By Region

4. North America Contract Mining Services Market Size and Forecast, 2013-2027
       4.1. Revenue (US$ Mn) Comparison, By Country 
       4.2. Revenue (US$ Mn) Comparison, By Product Type 
       4.3. Revenue (US$ Mn) Comparison, By End User  
 
5. Latin America Contract Mining Services Market Size and Forecast, 2013-2027
       5.1. Revenue (US$ Mn) Comparison, By Country 
       5.2. Revenue (US$ Mn) Comparison, By Product Type 
       5.3. Revenue (US$ Mn) Comparison, By End User   

6. Europe Contract Mining Services Market Size and Forecast, 2013-2027
       6.1. Revenue (US$ Mn) Comparison, By Country 
       6.2. Revenue (US$ Mn) Comparison, By Product Type 
       6.3. Revenue (US$ Mn) Comparison, By End User   

7. Japan Contract Mining Services Market Size and Forecast, 2013-2027
       7.1. Revenue (US$ Mn) Comparison, By Country 
       7.2. Revenue (US$ Mn) Comparison, By Product Type 
       7.3. Revenue (US$ Mn) Comparison, By End User   

8. APEJ Contract Mining Services Market Size and Forecast, 2013-2027
       8.1. Revenue (US$ Mn) Comparison, By Country 
       8.2. Revenue (US$ Mn) Comparison, By Product Type 
       8.3. Revenue (US$ Mn) Comparison, By End User   

9. MEA Contract Mining Services Market Size and Forecast, 2013-2027
       9.1. Revenue (US$ Mn) Comparison, By Country 
       9.2. Revenue (US$ Mn) Comparison, By Product Type 
       9.3. Revenue (US$ Mn) Comparison, By End User
   
10. Global Contract Mining Services Market Company Share, Competition Landscape and Company Profiles
       10.1. Company Share Analysis
       10.2. Competition Landscape
       10.3. Company Profiles
              10.3.1. LAXYO
              10.3.2. Downer Group
              10.3.3. PYBAR Mining Services
              10.3.4. Exact Mining Group
              10.3.5. BGC Contracting Pty Ltd
              10.3.6. CIMIC Group
              10.3.7. Macmahon
              10.3.8. Byrnecut Group
              10.3.9. Ledcor IP Holdings Ltd
              10.3.10. Saumya Mining
              10.3.11. SGS SA
              10.3.12. The Redpath Group
              10.3.13. Brierty

11. Research Methodology

12. Secondary and Primary Sources

13. Assumptions and Acronyms

14. Disclaimer

List of Tables

TABLE 1 Global Contract Mining Services Market Value (US$ Mn), 2013-2018
TABLE 2 Global Contract Mining Services Market Value (US$ Mn), 2019-2027
TABLE 3 Global Contract Mining Services Market Value (US$ Mn) and Y-o-Y, 2018-2027
TABLE 4 Global Surface Contract Mining Services Segment Value (US$ Mn), By Region 2013-2018
TABLE 5 Global Surface Contract Mining Services Segment Value (US$ Mn), By Region 2019-2027
TABLE 6 Global Surface Contract Mining Services Segment Market Share, By Region 2013-2018
TABLE 7 Global Surface Contract Mining Services Segment Market Share, By Region 2019-2027
TABLE 8 Global Surface Contract Mining Services Segment Y-o-Y, By Region 2018-2027
TABLE 9 Global Underground Mining Services Segment Value (US$ Mn), By Region 2013-2018
TABLE 10 Global Underground Mining Services Segment Value (US$ Mn), By Region 2019-2027
TABLE 11 Global Underground Mining Services Segment Market Share, By Region 2013-2018
TABLE 12 Global Underground Mining Services Segment Market Share, By Region 2019-2027
TABLE 13 Global Underground Mining Services Segment Y-o-Y, By Region 2018-2027
TABLE 14 Global Iron Ore Mining Firms Segment Value (US$ Mn), By Region 2013-2018
TABLE 15 Global Iron Ore Mining Firms Segment Value (US$ Mn), By Region 2019-2027
TABLE 16 Global Iron Ore Mining Firms Segment Market Share, By Region 2013-2018
TABLE 17 Global Iron Ore Mining Firms Segment Market Share, By Region 2019-2027
TABLE 18 Global Iron Ore Mining Firms Segment Y-o-Y, By Region 2018-2027
TABLE 19 Global Coal Mining Firms Segment Value (US$ Mn), By Region 2013-2018
TABLE 20 Global Coal Mining Firms Segment Value (US$ Mn), By Region 2019-2027
TABLE 21 Global Coal Mining Firms Segment Market Share, By Region 2013-2018
TABLE 22 Global Coal Mining Firms Segment Market Share, By Region 2019-2027
TABLE 23 Global Coal Mining Firms Segment Y-o-Y, By Region 2018-2027
TABLE 24 Global Oil and gas Extraction Firms Segment Value (US$ Mn), By Region 2013-2018
TABLE 25 Global Oil and gas Extraction Firms Segment Value (US$ Mn), By Region 2019-2027
TABLE 26 Global Oil and gas Extraction Firms Segment Market Share, By Region 2013-2018
TABLE 27 Global Oil and gas Extraction Firms Segment Market Share, By Region 2019-2027
TABLE 28 Global Oil and gas Extraction Firms Segment Y-o-Y, By Region 2018-2027
TABLE 29 Global Gold Mining Firms Segment Value (US$ Mn), By Region 2013-2018
TABLE 30 Global Gold Mining Firms Segment Value (US$ Mn), By Region 2019-2027
TABLE 31 Global Gold Mining Firms Segment Market Share, By Region 2013-2018
TABLE 32 Global Gold Mining Firms Segment Market Share, By Region 2019-2027
TABLE 33 Global Gold Mining Firms Segment Y-o-Y, By Region 2018-2027
TABLE 34 Global Other Mining Firms Segment Value (US$ Mn), By Region 2013-2018
TABLE 35 Global Other Mining Firms Segment Value (US$ Mn), By Region 2019-2027
TABLE 36 Global Other Mining Firms Segment Market Share, By Region 2013-2018
TABLE 37 Global Other Mining Firms Segment Market Share, By Region 2019-2027
TABLE 38 Global Other Mining Firms Segment Y-o-Y, By Region 2018-2027
TABLE 39 North America Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
TABLE 40 North America Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
TABLE 41 North America Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
TABLE 42 North America Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
TABLE 43 North America Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
TABLE 44 North America Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
TABLE 45 Latin America Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
TABLE 46 Latin America Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
TABLE 47 Latin America Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
TABLE 48 Latin America Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
TABLE 49 Latin America Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
TABLE 50 Latin America Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
TABLE 51 Europe Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
TABLE 52 Europe Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
TABLE 53 Europe Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
TABLE 54 Europe Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
TABLE 55 Europe Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
TABLE 56 Europe Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
TABLE 57 Japan Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
TABLE 58 Japan Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
TABLE 59 Japan Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
TABLE 60 Japan Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
TABLE 61 Japan Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
TABLE 62 Japan Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
TABLE 63 APEJ Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
TABLE 64 APEJ Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
TABLE 65 APEJ Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
TABLE 66 APEJ Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
TABLE 67 APEJ Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
TABLE 68 APEJ Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
TABLE 69 MEA Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
TABLE 70 MEA Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
TABLE 71 MEA Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
TABLE 72 MEA Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
TABLE 73 MEA Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
TABLE 74 MEA Contract Mining Services Market Value (US$ Mn), By End User   2019-2027

List of Figures

FIG. 1 Global Contract Mining Services Market Value (US$ Mn), 2013-2018
FIG. 2 Global Contract Mining Services Market Value (US$ Mn) Forecast, 2019-2027
FIG. 3 Global Contract Mining Services Market Value (US$ Mn) and Y-o-Y, 2018-2027
FIG. 4 Global Surface Contract Mining Services Segment Market Value (US$ Mn) By Region, 2013-2018
FIG. 5 Global Surface Contract Mining Services Segment Market Value (US$ Mn) By Region, 2019-2027
FIG. 6 Global Surface Contract Mining Services Segment Y-o-Y Growth Rate, By Region, 2018-2027
FIG. 7 Global Underground Mining Services Segment Market Value (US$ Mn) By Region, 2013-2018
FIG. 8 Global Underground Mining Services Segment Market Value (US$ Mn) By Region, 2019-2027
FIG. 9 Global Underground Mining Services Segment Y-o-Y Growth Rate, By Region, 2018-2027
FIG. 10 Global Iron Ore Mining Firms Segment Market Value (US$ Mn) By Region, 2013-2018
FIG. 11 Global Iron Ore Mining Firms Segment Market Value (US$ Mn) By Region, 2019-2027
FIG. 12 Global Iron Ore Mining Firms Segment Y-o-Y Growth Rate, By Region, 2018-2027
FIG. 13 Global Coal Mining Firms Segment Market Value (US$ Mn) By Region, 2013-2018
FIG. 14 Global Coal Mining Firms Segment Market Value (US$ Mn) By Region, 2019-2027
FIG. 15 Global Coal Mining Firms Segment Y-o-Y Growth Rate, By Region, 2018-2027
FIG. 16 Global Oil and gas Extraction Firms Segment Market Value (US$ Mn) By Region, 2013-2018
FIG. 17 Global Oil and gas Extraction Firms Segment Market Value (US$ Mn) By Region, 2019-2027
FIG. 18 Global Oil and gas Extraction Firms Segment Y-o-Y Growth Rate, By Region, 2018-2027
FIG. 19 Global Gold Mining Firms Segment Market Value (US$ Mn) By Region, 2013-2018
FIG. 20 Global Gold Mining Firms Segment Market Value (US$ Mn) By Region, 2019-2027
FIG. 21 Global Gold Mining Firms Segment Y-o-Y Growth Rate, By Region, 2018-2027
FIG. 22 Global Other Mining Firms Segment Market Value (US$ Mn) By Region, 2013-2018
FIG. 23 Global Other Mining Firms Segment Market Value (US$ Mn) By Region, 2019-2027
FIG. 24 Global Other Mining Firms Segment Y-o-Y Growth Rate, By Region, 2018-2027
FIG. 25 North America Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
FIG. 26 North America Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
FIG. 27 North America Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
FIG. 28 North America Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
FIG. 29 North America Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
FIG. 30 North America Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
FIG. 31 Latin America Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
FIG. 32 Latin America Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
FIG. 33 Latin America Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
FIG. 34 Latin America Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
FIG. 35 Latin America Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
FIG. 36 Latin America Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
FIG. 37 Europe Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
FIG. 38 Europe Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
FIG. 39 Europe Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
FIG. 40 Europe Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
FIG. 41 Europe Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
FIG. 42 Europe Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
FIG. 43 Japan Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
FIG. 44 Japan Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
FIG. 45 Japan Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
FIG. 46 Japan Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
FIG. 47 Japan Contract Mining Services Market Value (US$ Mn), By 2013-2018
FIG. 48 Japan Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
FIG. 49 APEJ Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
FIG. 50 APEJ Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
FIG. 51 APEJ Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
FIG. 52 APEJ Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
FIG. 53 APEJ Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
FIG. 54 APEJ Contract Mining Services Market Value (US$ Mn), By End User   2019-2027
FIG. 55 MEA Contract Mining Services Market Value (US$ Mn), By Country 2013-2018
FIG. 56 MEA Contract Mining Services Market Value (US$ Mn), By Country 2019-2027
FIG. 57 MEA Contract Mining Services Market Value (US$ Mn), By Product Type 2013-2018
FIG. 58 MEA Contract Mining Services Market Value (US$ Mn), By Product Type 2019-2027
FIG. 59 MEA Contract Mining Services Market Value (US$ Mn), By End User   2013-2018
FIG. 60 MEA Contract Mining Services Market Value (US$ Mn), By End User   2019-2027

Report Description

Report Synopsis

RRI offers an 8-year forecast of the global contract mining services market for the period 2019 to 2027. With respect to the overall market value, the global contract mining services market is estimated to record a steady rate of growth during the forecast period. The contract mining services market report offers the global market trends and market dynamics across six business regions – North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ) and the Middle East and Africa (MEA). These regional markets influence the current status and the future prospects of the global contract mining services market during the forecast period of 2019 – 2027.

Report Description

The contract mining services market report offers an exhaustive analysis of the contract mining services market and provides detailed market insights on the various factors driving the global contract mining services market. The contract mining services market report showcases an extensive analysis of the global as well as regional market structures. It includes the key market drivers, trends and challenges. The contract mining services market report offers a detailed assessment of the different stakeholder strategies that are likely to help the providers of contract mining services succeed in the global contract mining services business. This market report segments the contract mining services market based on the product type, end user and regions with a global perspective.

The contract mining services market is estimated to register a steady growth rate during the forecast period. The growth of the global contract mining services market can be primarily attributed to the applicability of this technology in different verticals. The market report starts with an introduction, followed by the overview of the global contract mining services market with respect to its current and forecasted value. The overview section includes an extensive analysis on the key market dynamics that influence the global contract mining services market from the economy, demand and supply perspectives. The contract mining services market segments have been extensively analysed. A comprehensive analysis has been provided in terms of the contract mining services market size across all the regional market segments.

The contract mining services market report also showcases an extensive analysis of the contract mining services market across different countries and regions. This section of the report offers an outlook for the contract mining services market during the forecast period of 2019 to 2027. The market outlook section presents the latest product offerings, along with the key technological developments in the global contract mining services market. This market research report discusses the key market trends contributing to the growth of the contract mining services markets across all the regions. It also provides the market driver intensity mapping along with its impact on the contract mining services market in each region. The regional contract mining services markets analysed in the market report are North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Italy & the rest of Europe), Japan, Asia Pacific excluding Japan (China, India, Malaysia, Singapore, Australia & the rest of Asia Pacific excluding Japan) and the Middle East and Africa (GCC Countries, South Africa, Israel & the rest of Middle East and Africa). This global contract mining services market study offers the current regional market scenarios and the future prospects of growth in those regional markets. 2018 has been considered the base year in the contract mining services market report, and data has been provided for the remaining 12 months of 2018.

For the purpose of accurate forecast evaluation, the global contract mining services market study starts by the sizing of the current market scenario. This forms a platform that facilitates the deduction of future growth trends in the global contract mining services market. RRI has performed different analyses based on the current technological trends in the market with regards to the technological aspects of contract mining services.

The global contract mining services market is segmented into various market segments as mentioned earlier. All the contract mining services market segments – product type, end user and region – have been studied in terms of basis point shares to fully deduce the relative contribution of each market segment to the growth of the global contract mining services market. The Basis Point Share (BPS) analysis enables the recognition of the key segmental trends in the global contract mining services market.

Another key feature of this market report is the absolute dollar opportunity analysis for all the contract mining services market segments. The absolute dollar opportunity analysis facilitates the forecasting of the level of opportunity that a market participant can look to achieve. Absolute dollar opportunity analysis also facilitates the identification of potential resources from the product delivery point-of-view as well as from the sales perspectives in the global contract mining services market.

The final chapter of the global contract mining services market report showcases a competition landscape, which provides a dashboard view of various contract mining services providers in the market value chain. In addition, the competition landscape offers the regional presence and intensity analyses of the leading market players operating in the global contract mining services market. This section primarily offers a detailed study on the key market players specific to their product portfolio and specific market segment in the global contract mining services supply chain. Clients can gain segment-specific vendor information and can identify the key competitors in the global contract mining services market on the basis of in-depth segmental and product portfolio-based analyses.

The detailed company profiles in the report evaluate the short- and long-term strategies, along with the key product offerings. Some of the key competitors profiled in the global contract mining services market report include, Saumya Mining, Mining Plus, Byrnecut Group, Macmahon, BGC Contracting Pty Ltd., Exact Mining Group, Downer Group, PYBAR Mining Services, Laxyo Group, CIMIC Group, The Redpath Group, SGS SA, Brierty and Ledcor IP Holdings Ltd.