$13.3bn
$XXX.Xm
36,909
1,773
$X.Xbn
The Mining Support Services industry has benefited from improved operating conditions over the past few years, although mixed demand conditions have meant that revenue has fluctuated. Industry revenue is expected to increase at an annualised 1.9% over the five years through 2023-24, to an estimated $13.3 billion. An upsurge in capital expenditure on mining over the past few years has driven improved downstream demand, yet the fragmented and varied nature of the industry means that the benefits of this trend were not uniformly shared. Some segments of the industry are countercyclical, which means that a jump in mining activity often crowds out demand for third-party services like mining shutdown, rehabilitation or maintenance. In 2023-24, a sharp drop in vital downstream industries, like coal mining, is set to contribute to a revenue decline of an estimated 4.6%.Despite fluctuating revenue over the past few years, profitability has trended upwards. Highly specialised segments of the industry have reaped the benefits of high commodity prices and a jump in export demand, allowing mining support services to lift prices without reducing demand. This trend sent profit margins upward, returning to levels seen during the mining boom a decade earlier. At the same time, some smaller businesses that run on tighter margins have left the industry, lifting industry-wide profitability. Burgeoning demand from growth sectors, like CSG and lithium mining, has also grown opportunities for mining support firms, providing a variety of value-added services to large mining projects. Yet, in 2023-24, weaker demand from coal mining and oil and gas extraction is projected to reverse these trends, reducing revenue and easing profit margins.The industry is forecast to grow steadily over the coming years, as the prevalence of long-term contracts limits the effect of falling demand from the mining division. Actual capital expenditure into mining is forecast to remain healthy, keeping a steady flow of new projects available for mining support firms to drive new business. Nonetheless, the industry will face a variety of pitfalls, as demand from fossil fuel extraction is likely to ease over the medium-term, driven by a society-wide transition to renewable energy sources. Overall, industry revenue is forecast to rise at an annualised 0.6% over the five years through 2028-29, to an estimated $13.7 billion.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $13.3bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
NRW Holdings | 1,127.6 | |
Perenti Global | 666.3 | |
GHD | 533.0 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Maintenance and shutdown services, Transport services and Rehabilitation services. Maintenance and shutdown services is the largest segment of the Mining Support Services in Australia.
As commodity prices surged, demand for directional drilling services also trended upwards
Industry firms provide mining support services that are integral to a range of mining processes. These services include maintenance, transport, rehabilitation and shutdown services. Contractors that perform all operations at a mine on behalf of another entity are excluded from the industry. Exploration drilling is also excluded from the industry.
Purchase this report to view all 4 major companies in this industry.
ANZSIC 1090 - Mining Support Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Mining Support Services industry is highly fragmented and varied. This dynamic has contributed to a mixed performance over the past few years, despite healthy demand from...
Learn about an industry's products and services, markets and trends in international trade.
Heavy rainfall on the eastern seaboard over the past few years has inflated demand for drainage and pumping services. Excessive water on mining sites has the potential to sev...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Third-party services need to locate near downstream clients. That’s why the large mining industry in Queensland and Western Australia attract a higher density of mining suppo...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly specialised, which limits direct competition. Mining support services tend to develop specialised capacities that are hard to replicate, protecting the...
Learn about the performance of the top companies in the industry.
NRW Holdings has built market share through acquisitions. This strategy has helped NRW garner a steady accumulation of valuable long-term contracts with a variety of mining p...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Demand from coal mining and oil and gas extraction is on track to tank in 2023-24. Mining companies are less likely to seek out third party service providers while demand is ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
A surge in demand from coal and gas miners has allowed mining support firms to lift their profit margins. Improved export demand is central to a jump in profitability, revert...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Mining Support Services industry in Australia is $13.3bn in 2024.
There are 1,773 businesses in the Mining Support Services industry in Australia, which has grown at a CAGR of 0.1 % between 2018 and 2023.
The market size of the Mining Support Services industry in Australia has been growing at a CAGR of 1.9 % between 2018 and 2023.
Over the next five years, the Mining Support Services industry in Australia is expected to grow.
The biggest companies operating in the Mining Support Services market in Australia are NRW Holdings, Perenti Global and GHD
Maintenance and shutdown services and Transport services are part of the Mining Support Services industry.
The company holding the most market share in Australia is NRW Holdings.
The level of competition is moderate and increasing in the Mining Support Services industry in Australia.