Mining Support Services in Australia Industry Market Research Report Now Updated by IBISWorld

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Demand for industry services has been volatile, and has dipped overall as investment in expansion in most of the Mining division has slowed. For this reason, industry research firm IBISWorld has updated its report on the Mining Support Services industry in Australia.

IBISWorld Market Research

IBISWorld Market Research

The highly fragmented industry provides services, typically on a contract basis, to mining companies or their construction service providers.

Operators in the Mining Support Services industry in Australia provide specialist construction, drilling and pumping services that help downstream mining industries build infrastructure to manage water or extract oil and gas at mining sites. The industry also provides services to cement oil and gas well castings, which ensure the security and performance of oil and gas wells. According to IBISWorld industry analyst Caroline Finch, “the industry has a strong skill base that enables it to provide a range of specialist mining services, which are often not economically viable for mining companies to develop or provide in-house.” The highly fragmented industry provides services, typically on a contract basis, to mining companies or their construction service providers. Depending on project scope, the industry also provides ancillary oil and gas field support services to clients.

In the past five years, demand for industry services has been volatile, but has dipped overall as investment in expansion in most of the Mining division has slowed. “The expansion of the Oil and Gas Extraction industry has emerged as a primary driver of industry growth in the period,” says Finch. Contractions in spending elsewhere in the division have resulted in an expected revenue decline of a compound annual 6.2% over the five years through 2014-15. The industry is projected to decline a further 4.2% in 2014-15, to reach $7.3 billion. This is expected to occur as the Mining division shifts to a focus on production rather than investment, and the need for the industry's services decreases. The industry exhibits low levels of market share concentration.

As capital expenditure is winding back in most mining industries, Mining Support Services industry performance is forecast to remain volatile. Momentum in the Oil and Gas Extraction industry is expected to continue through to 2016-17, with a number of large-scale projects partly offsetting declining activity in other areas like coal mining in some years.

For more information, visit IBISWorld’s Mining Support Services industry in Australia report page.

This industry consists of units mainly engaged in providing mining support services integral to the mining process. This industry excludes contracted mining services.

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IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

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Gavin Smith
IBISWorld
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