Mining Support Services in New Zealand - Industry Market Research Report

Mining Support Services in New Zealand - Industry Market Research Report

Mining Support Services in New Zealand

Capital expenditure on coal mining, oil and gas extraction and the value of the New Zealand dollar directly influence mining support services. Industry revenue is expected to fall at a compound annual rate of 1% over the five years through 2022-23 to $426.5 million, despite growth of 3.6% in 2022-23 as demand conditions stabilise following the COVID-19 pandemic. The pandemic weighed heavily on the industry's performance, with volatile commodity prices and economic uncertainty constraining demand for mining support services and negatively affecting profitability.

Industry firms provide mining support services, including mine site preparation, 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 excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market