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Oil and Mineral Exploration Drilling in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil and Mineral Exploration Drilling Market Research Report | Specialist Engineering, Infrastructure & Contractors | Mining & Mining Services | 2016

Not a drill: Decreased investment in the Mining division has caused industry exits

The Oil and Mineral Exploration Drilling market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Ausdrill Ausdrill market share
Boart Longyear Boart Longyear market share
Industry Statistics & Market Size
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Annual Growth 12-17
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Annual Growth 17-22
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What is the Oil and Mineral Exploration Drilling industry?

The Oil and Mineral Exploration Drilling industry is in the declining stage of its economic life cycle. The industry has struggled following the peak of the mining investment boom in 2012-13. Since then, most mining companies have transitioned away from exploring for new resources and investing in greenfield mining sites, and have instead focused on increasing production at existing brownfield sites. This trend, coupled with falling commodity prices, has caused demand for the industry's exploratory drilling services to decline.

Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to decline at a compound annual rate of 7.9% over the 10 years through 2021-22... purchase to read more


Industry ProductsRelated ReportsTable of Contents
Major products in this industry
Reverse-circulation drillingAir-core drillingDiamond drillingHydraulic-rotary drillingOther exploration drillingRotary air-blast drilling

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