The Mining Services industry's main activity is contract mining, which makes its performance highly dependent on trends in mining activity. Rising demand and high prices for minerals led to a mining boom over the past five years, thus increasing demand for mining services. Industry revenue is expected to grow by 10.3% per year over the five years through 2012-13. Revenue is expected to total about $12.5 billion by that time, up 8.0% from the previous year. The industry accounts for 0.4% of total GDP and is expected to generate net profit before tax of $1.44 billion in 2012-13.
Firms in this industry carry out parts of a mining operation on a fee or contract basis. The industry also includes firms providing specialist oilfield services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.