About Mining Consulting Service
Mining consulting services provides design, engineering, management, geological and environmental services, which helps in increase in mine’s efficiency and facilitate technical services. This involves the use of various techniques to analyze and improve business processes using data from multiple sources.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.26% |
Firms in this market are concentrated in either Germany or in China. As there are much more opportunities for expansion in markets like China and India where there is a huge need for energy and reliance on diesel engines the players focus on these regions. Constant innovation is necessary to survive in this market. Firms in this market are largely private limited companies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Mining Consulting Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ausenco (Australia), WSP (Canada), Black & Veatch (United States), Ramboll Group (Denmark), FTI Consulting (United States), Arup (United Kingdom), Micon International (Canada), Ukwazi Mining (South Africa), AMC Consultants (Australia) and DMT-Group (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bain & Company (United States), Mine Design Engineering (MDEng) (Canada) and Independent Mining Consultants, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Mining Consulting Service market by Type (Investment Assessment & Auditing, Permitting & Compliance, Project & Information Management and Monitoring & Testing), Application (Mine Evaluation, Mine Design, Exploration, Resource Modeling / Estimation and Technical Advisory) and Region.
On the basis of geography, the market of Mining Consulting Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Big Data will boost the Mining Consulting Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Economic Consulting and Strategic Communications Services
Market Growth Drivers:
Rapidly Consolidating Mining Sector and Governments in Developed and Emerging Countries Are Weighing Mining Industry Reforms in a Bid to Address Environmental Issues
Challenges:
Economic Pressures on the Mining Industry Have Led To Years of Downsizing and a Resultant Reduction in the In-House Technical Capacity of the Mining Companies
Opportunities:
High Economic Growth In Emerging Markets, Led By China And India, Continues To Trigger Strong Demand
Market Leaders and their expansionary development strategies
In May 2020, EnhanceA is the only online platform that allows clients to search, book and engage with consultants across multiple companies in the mining, oil and gas and infrastructure sectors. Our software streamlines the process of engaging consultants, making it simpler and more efficient for both businesses and individuals.
In August 2023, CFlo is Asia’s leading Technology & EPI (Engineering, Procurement, Installation) services provider, specializing in bespoke and modular mineral beneficiation & waste recycling solutions. The company has formed a consultancy partnership with MinRizon Projects Pty Ltd, an esteemed Australian firm acclaimed for its exceptional proficiency in spearheading new project developments, conducting comprehensive studies, and delivering advanced engineering solutions within the dynamic realm of the mineral processing industry.
Key Target Audience
Base Metals Commodity Sector, Precious Metals Commodity Sectors and Industrial Minerals Commodity Sectors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.