Market Size of Australia Mining Logistics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 9.96 Billion |
| Market Size (2029) | USD 12.14 Billion |
| CAGR (2024 - 2029) | 4.04 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Australia Mining Logistics Market Analysis
The Australia Mining Logistics Market size is estimated at USD 9.96 billion in 2024, and is expected to reach USD 12.14 billion by 2029, growing at a CAGR of 4.04% during the forecast period (2024-2029).
- The COVID-19 pandemic impacted the country's mining industry, which further affected the mining logistics market. In addition, mining exploration expenditure declined in 2020 because of the pandemic crisis. Now, the industry is recovering and reaching pre-pandemic levels.
- However, mining has long been a cornerstone of the Australian economy, and the gold rushes were pivotal in the country's early development. Australia is presently amid yet another minerals boom, exhibited by high prices for and record export volumes of mineral commodities, especially iron ore and coal. This follows previous mineral booms in the early 1960s and mid-1980s. The present boom is underpinned by the high demand for primary commodities in the industrializing economies of China and India.
- The vital link in mining logistics is provided by multimodal logistics, which includes trucks, trains, and ships. A competitive edge could be gained through careful planning, efficient end-to-end logistics solutions, and time and money savings.
- Despite the pandemic, many gold mines have continued to increase production levels, with Newmont Corporation, Northern Star Resources, and Kirkland Lake Gold as some of the highest gold producers. This uptake in production has increased mining equipment demand and production, improving employment rates within the resources sector.
