The Japan mining
drilling services market is expected to grow at a rate of significant CAGR in
the forecast period, FY2023-FY2027. The use of advanced technologies and
equipment and the growing competition among the market players influence market
demand. An increase in the need for minerals and coal production and the
affordability of availing mining drilling services are expected to fuel the
need of the Japan mining drilling services market.
Mining drilling services
refer to drilling operations carried out on a contractual basis for the
extraction of minerals, metals, and coal. The services included in the mining
drilling services include services for mine closure, exploration, production,
and development along with body characterization, underground, and surface
blast hole drilling. Mining drilling services improve the accuracy and
efficiency of mining operations and enhance the safety of the workers, which is
one of the main reasons they find applications in mineral, quarry, and coal
mining.
Rise In Efforts to Boost
Mining Industry Supports Market Growth
Increase in the efforts to
flourish the mining industry as Japan depends majorly on the export of minerals
and metals for its domestic usage. High-scale iron and steel production in the
country requires extensive extraction and processing to make it suitable for
use. The surge in the adoption of low-emission transportation and emission
systems influences the demand for mining mineral sources. The use of advanced
technology for integrating components in automobiles to use mineral-based fuel
instead of fossil-based fuel contributes to market growth. Favorable government
policies to support the extraction of domestic metals and non-metals and
extensive research and development activities are expected to create growth
opportunities for the growth of Japan mining drilling services market.
Increasing energy
requirements drives the market demand
Increasing energy
requirements due to rapid industrialization and urbanization are fueling the
demand for the adoption of advanced services to meet domestic demand. Coal is
extracted in Japan and finds several applications, such as electricity
generation. The government of Japan has suggested that the power companies
maintain a higher efficiency to thermal plants and the plants using petroleum
and liquified natural gas. By setting up a requisite high target, the
government is hoping only the essential market players are expected to survive
till the next decade and make the necessary upgrades to stay in the market,
which enhances the quality and quantity of the mineral explored from the
reserves.
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Market Segmentation
The Japan mining drilling
services market is segmented on the basis of mining type, type, regional
distribution, and competition landscape. Based on the mining type, the market
is divided into metal, coal, mineral, and quarry.
Based on the type, the market is divided into surface and underground. The
market is also studied on the basis of regional distribution and the regions
are majorly divided into Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and
Others.
Market Players
Furukawa Co. Ltd., Action
Drill & Blast, Sumitomo Metal Mining Co., Ltd., Nittetsu Mining Co., Ltd.,
Boart Longyear Mining Company, United Tractors, Perenti Global Limited, are
among the major market players in the Japan region that led the market growth of
the Japan mining drilling services market.
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Attribute
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Details
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Base Year
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FY2021
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Historic Data
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FY2017 – FY2020
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Estimated Year
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FY2022
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Forecast Period
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FY2023 – FY2027
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Quantitative Units
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Revenue in USD Million, and CAGR for FY2017-FY2021 and FY2022-FY2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Mining
Type
Type
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Region scope
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Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and Others
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Key companies profiled
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Furukawa Co. Ltd., Action Drill & Blast, Sumitomo Metal
Mining Co., Ltd., Nittetsu Mining Co., Ltd., Boart Longyear Mining Company, United
Tractors, Perenti Global Limited
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Japan mining
drilling services market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Japan Mining Drilling Services Market, By Mining Type:
- Metal
- Coal
- Mineral
- Quarry
- Japan Mining Drilling Services Market, By Type:
- Japan Mining
Drilling Services Market, By Region:
o Hokkaido & Tohoku
o Chubu
o Chugoku
o Kyushu
o Others
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Japan mining drilling services
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Japan Mining Drilling Services Market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]