North America Mining Consulting Services Market Introduction and Overview
According to SPER Market Research, the North America Mining Consulting Services Market is estimated to reach USD 8.09 Billion by 2033 with a CAGR of 6.13%
The report includes an in-depth analysis of the North America Mining Consulting Services Market, including market size and trends, product mix, applications, and supplier analysis. Mining consulting services provide competent and comprehensive help for all stages of the mining development process. Mining engineering and consulting services help to save cash and energy, which improves mining operations overall. These consulting services offer their clients through the utilisation of big data, drones, imagery, and digital technology. Consultants are skilled designers, mining planners, operations specialists, or maintenance engineers who work outside of the mine.
- January 2024: Micon International has inked a deal with Halyard Inc., a professional services provider in Mineral Processing and Project Delivery, to expand its services in the Geological, Mining, and Metallurgical Consulting sectors. The agreement aims to collaborate across the project spectrum, using a broader range of skills while maintaining the same degree of personal and technical commitment to project excellence that customers have come to expect from both teams.
- June 2023: WSP bought Calibre Professional Services One Pty Ltd (Calibre) to improve its position as a leading service provider for the entire mining asset life cycle. The acquisition also aims to decarbonise their operations and infrastructure, as well as provide vital minerals for the global green transition.
Market Opportunities and Challenges
Mining's rapid expansion is driven by rising demand for metal minerals, coal, and other resources. Simultaneously, investment appraisal and audits in some mining organisations necessitate mining consulting services to aid mining operations. The usage of digital technology has improved these companies' industrial activities. As a result, the global mining consulting services industry has grown significantly.
Continuous digitalization in mining merges cloud computing, artificial intelligence, robotics, and big data to optimise exploration, production, supply chain, and sustainability activities. Embracing this technology has a positive impact on operational costs for mining companies. The full integration of digital tools improves operational efficiency and value delivery, hence promoting development opportunity. Furthermore, collaborations in the mining consultancy sector aim to provide high-quality solutions while prioritising safety and environmental concerns and driving economic growth. This trend emphasises the growing necessity of comprehensive approaches to mining consulting in today's market.
However, rising inflation affects all activities of a mining operation, with energy and fuel prices being the most crucial. Fuel, energy, maintenance, explosives, and mining costs are all increasing, contributing significantly to increased mining costs. The surge in precious metal prices over the previous few years has raised production and maintenance expenses, which is likely to hurt the mining consulting services market. According to the World Nuclear Association's biennial forecast, uranium prices would rise by 20% in 2023. In recent times, the demand for uranium has surged among sceptics due to its applications in nuclear power generation and the growing popularity of nuclear energy as a source of renewable energy.
Market Competitive Landscape
The North American mining consulting services market is divided into major and medium-sized regional businesses that offer a diverse range of products both locally and nationally along the value chain. Many companies are actively functioning in many nations to fulfil the unique needs of their clients. In terms of the competitive landscape, the market has both established and emerging mining consulting services organisations. Many firms are currently functioning in various countries to suit clients' specialised needs in professional service sectors such as geotechnical engineering, environmental management, development assistance, occupational hygiene, asbestos and hazardous materials, and engineering, among others. The major key players in the North America Mining Consulting Services Market are: 911 Metallurgist, Bain & Company, Deloitte, DSS Sustainable Solutions Switzerland SA, Global Resource Engineering, KPMG, LEK Consulting, McKinsey & Company, Micon International Limited, SRK Consulting, SLR Consulting Limited, Stantec, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application
|
| Regions covered | Canada, US, Rest of North America
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| Companies Covered | 911 Metallurgist, Bain & Company, Deloitte, DSS Sustainable Solutions Switzerland SA, Global Resource Engineering, KPMG, LEK Consulting, McKinsey & Company, Micon International Limited, SRK Consulting, SLR Consulting Limited, Stantec, Others
|
COVID-19 Impact on North America Mining Consulting Services Market
The COVID-19 epidemic harmed the market, resulting in lower costs and lower demand, providing issues for mining businesses. Currency depreciation and dropping oil prices significantly reduced production costs, lowering miners' breakeven points. Mining activity were reduced due to lockdowns, as well as labour and material shortages, which impacted consultancy services. Nonetheless, the pandemic spurred the spread of digital technologies, which benefited remote consulting. Consulting businesses provided virtual support, which enhanced project monitoring and client communication. Despite the hurdles, digital technologies created new opportunity for consulting firms to adapt and serve mining companies during unpredictable times.
Key Target Audience:
- Mining Companies (Large, Mid-sized, and Small)
- Exploration and Production Companies
- Government Agencies and Regulatory Bodies in the Mining Sector
- Financial Institutions and Investment Firms
- Engineering and Construction Firms
- Environmental Agencies and Conservation Organizations
- Mining Equipment Manufacturers and Suppliers
- Non-Governmental Organizations (NGOs) focusing on Mining Issues
- Others
Our in-depth analysis of the North America Mining Consulting Services Market includes the following segments:
|
By Type: |
Digital Transformation
Geology & Exploration Study
Mine Closure
Mine Design & Engineering
Reserve Estimation
Others
|
|
By Application: |
Open-Pit Mining
Underground Mining
|
|
By Region: |
Canada
US
Rest of North America
|
Key Topics Covered in the Report:
- North America Mining Consulting Services Market Size (FY’2024-FY’2033)
- Overview of North America Mining Consulting Services Market
- Segmentation of North America Mining Consulting Services Market By Type (Digital Transformation, Geology & Exploration Study, Mine Closure, Mine Design & Engineering, Reserve Estimation, Site Assessment, Technical Advisory, Waste Management, Others)
- Segmentation of North America Mining Consulting Services Market By Application (Open-Pit Mining, Underground Mining)
- Statistical Snap of North America Mining Consulting Services Market
- Expansion Analysis of North America Mining Consulting Services Market
- Problems and Obstacles in North America Mining Consulting Services Market
- Competitive Landscape in the North America Mining Consulting Services Market
- Impact of COVID-19 and Demonetization on North America Mining Consulting Services Market
- Details on Current Investment in North America Mining Consulting Services Market
- Competitive Analysis of North America Mining Consulting Services Market
- Prominent Players in the North America Mining Consulting Services Market
- SWOT Analysis of North America Mining Consulting Services Market
- North America Mining Consulting Services Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Mining Consulting Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Mining Consulting Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Mining Consulting Services Market
7. North America Mining Consulting Services Market, By Type (USD Million)
7.1. North America Mining Consulting Services Market Value Share and Forecast, By Type, 2024-2033
7.2. Digital Transformation
7.3. Geology & Exploration Study
7.4. Mine Closure
7.5. Mine Design & Engineering
7.6. Reserve Estimation
7.7. Site Assessment
7.8. Technical Advisory
7.9. Waste Management
7.10. Others
8. North America Mining Consulting Services Market, By Application (USD Million)
8.1. North America Mining Consulting Services Market Value Share and Forecast, By Application, 2024-2033
8.2. Open-Pit Mining
8.3. Underground Mining
9. North America Mining Consulting Services Market Forecast, 2020-2033 (USD Million)
9.1. North America Mining Consulting Services Market Size and Market Share
10. North America Mining Consulting Services Market, By Type, 2020-2033 (USD Million)
10.1. North America Mining Consulting Services Market Size and Market Share By Type (2020-2026)
10.2. North America Mining Consulting Services Market Size and Market Share By Type (2027-2033)
11. North America Mining Consulting Services Market, By Application, 2020-2033 (USD Million)
11.1. North America Mining Consulting Services Market Size and Market Share By Application (2020-2026)
11.2. North America Mining Consulting Services Market Size and Market Share By Application (2027-2033)
12. North America Mining Consulting Services Market, By Region, 2020-2033 (USD Million)
12.1. North America Mining Consulting Services Market Size and Market Share By Region (2020-2026)
12.2. North America Mining Consulting Services Market Size and Market Share By Region (2027-2033)
12.3. Canada
12.4. US
12.5. Rest of North America
13. Company Profile
13.1. 911 Metallurgist
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Bain & Company
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Deloitte
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. DSS Sustainable Solutions Switzerland SA
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Global Resource Engineering
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. KPMG
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. LEK Consulting
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. McKinsey & Company
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Micon International Limited
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. SRK Consulting
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. SLR Consulting Limited
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Stantec
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope