Surface Mining Market Research Report - Forecast To 2027

Global Surface Mining Market Information: By Type (Strip Mining, Terrace Mining, and Open-Pit Mining), Application (Coal Mining, Metal Mining, Mineral Mining) and Region- Forecast To 2027

ID: MRFR/CO/4048-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for updated data.

Market Synopsis:      


Surface mining is one of the mining techniques where the overlying layer of soil and rock is removed and recovery of the essential minerals. This method of mining provides considerably better recovery, safety, flexibility, environmental conditions, and grade control as compared to other mining methods such as underground mining. Increasing mining activities and growing demand for technically advanced solutions mainly in emerging nations are estimated to fuel the industry in the upcoming period. It assures maximum utilization of mines and aids in reducing processing cost involved in crushing by producing small grains, thus eliminating the need for buying the additional crushing equipment.


There is seen an increased demand for power generation due to factors such as rapid urbanization and industrialization across the globe. This, in turn, has led to an increased demand for coal, which is a vital resource for energy production by the energy industries. Metal like steel is used across industries, includes construction, transportation, manufacturing, and a variety of consumer products. Increased disposable income has boomed the market for manufactured consumer goods. These factors play a vital role in the upsurge in mining activities for coal, metals, and minerals.


As per World Energy Council, coal provides around 40% of the world’s electricity. However, climate change mitigation demands, the transition to cleaner energy forms and increased competition from other resources are presenting challenges for the sector. Economic growth, along with the structural changes, strongly influence world energy consumption. As countries develop, the standard of living improves, and energy demand grows rapidly.


With declining commodity prices, unavailability of skilled manpower and constant technology advancements in the mining equipment market, the mining companies today are struggling. The opportunity for the new entrants and established firms can be the collaborations and partnerships with the giant energy and power companies, which utilize coal and other minerals for the production of electricity. However, factors such as stringent policies and regulations regarding the use of coal for power generation and the unavailability of skilled labor may hamper the growth of the global surface mining equipment market over the review period.


The global surface mining market is segmented by type of mining method (longwall extraction, room, and pillar extraction), application (coal mining, metal mining, mineral mining), and geography (The Americas, Europe, Asia Pacific, and RoW).


Surface Mining Market by Segment


 Surface Mining Market


Regional Analysis


The global market can be segmented on the basis of geography into Asia Pacific, North America, Europe, and the Rest of the World. Countries like China, India, Indonesia, and others dominate the Asian mining sector. Flourishing mining activities in countries such as China and India are likely to show a potential growth opportunities to the surface mining market. Increasing demand for coal and chromium is estimated to provide intense growth.


An expanding role of governments and other agencies is focusing on environmental safety on a global platform. There are stringent fuel consumption, greenhouse effects, and labor safety regulations, which pushes miners, especially in developed countries, to replace traditional machinery to improve productivity due to government regulations. To meet new safety standards with high levels of efficiency, manufacturers prioritize new technology for surface mining. With growing mining activities in Latin America and demand for coal for power generation in emerging nations have led to the increased demand for surface mining by the mining companies.


The key players of global surface mining market includes Komatsu Ltd (Japan), Caterpillar Inc (U.S.), Sandvik AB (Sweden), Atlas Copco AB (Sweden), Hitachi Construction Machinery Co., Ltd (Japan), BHP Billiton (Australia), Vale S.A (Brazil), Rio Tinto (U.K.). Anglo American Plc. (U.K.), Freeport-McMoRan Inc. (U.S.) and Barrick Gold Corporation (Canada)



Frequently Asked Questions (FAQ) :


Global surface mining market projected to grow at approximately 7.2% CAGR during the assessment period (2017-2023).

On the basis of applications, the metal mining segment holds majority shares in the global surface mining market.

Increased demand for power generation led by the rapid urbanization & industrialization across the globe is a major tailwind pushing the growth of the global surface mining market.

Asia Pacific holds the largest share in the global surface mining market, followed by North America and Europe, respectively.

Caterpillar Inc. (U.S.), Sandvik AB (Sweden), Komatsu Ltd (Japan), Hitachi Construction Machinery Co., Ltd (Japan), BHP Billiton (Australia), Atlas Copco AB (Sweden), Rio Tinto (U.K.). Anglo American Plc. (U.K.), Vale S.A (Brazil), Barrick Gold Corporation (Canada), and Freeport-McMoRan Inc. (U.S.), are some of the top players operating in the global surface mining market.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Type

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Threat of substitutes

3.1.4 Segment rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Surface Mining Market, By Type

5.1 Introduction

5.2 Strip Mining

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Terrace Mining

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Open-Pit Mining

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Surface Mining Market, By Application

6.1 Introduction

6.2 Coal Mining

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Coal Mining

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Mineral Mining

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Surface Mining Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Type, 2020-2027

7.2.3 Market Estimates & Forecast by Application, 2020-2027

7.2.4 The U.S.

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast by Type, 2020-2027

7.2.4.3 Market Estimates & Forecast by Application, 2020-2027

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2020-2027

7.2.5.2 Market Estimates & Forecast by Type, 2020-2027

7.2.5.3 Market Estimates & Forecast by Application, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Type, 2020-2027

7.3.3 Market Estimates & Forecast by Application, 2020-2027

7.3.4 U.K.

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast by Type, 2020-2027

7.3.4.3 Market Estimates & Forecast by Application, 2020-2027

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2020-2027

7.3.5.2 Market Estimates & Forecast by Type, 2020-2027

7.3.5.3 Market Estimates & Forecast by Application, 2020-2027

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast by Type, 2020-2027

7.3.6.3 Market Estimates & Forecast by Application, 2020-2027

7.3.7 Spain

7.3.7.1 Market Estimates & Forecast, 2020-2027

7.3.7.2 Market Estimates & Forecast by Type, 2020-2027

7.3.7.3 Market Estimates & Forecast by Application, 2020-2027

7.3.8 Rest of Europe

7.3.8.1 Market Estimates & Forecast, 2020-2027

7.3.8.2 Market Estimates & Forecast by Type, 2020-2027

7.3.8.3 Market Estimates & Forecast by Application, 2020-2027

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Type, 2020-2027

7.4.3 Market Estimates & Forecast by Application, 2020-2027

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast by Type, 2020-2027

7.4.4.3 Market Estimates & Forecast by Application, 2020-2027

7.4.5 India

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast by Type, 2020-2027

7.4.5.3 Market Estimates & Forecast by Application, 2020-2027

7.4.6 Japan

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast by Type, 2020-2027

7.4.6.3 Market Estimates & Forecast by Application, 2020-2027

7.4.7 South Korea

7.4.7.1 Market Estimates & Forecast, 2020-2027

7.4.7.2 Market Estimates & Forecast by Type, 2020-2027

7.4.7.3 Market Estimates & Forecast by Application, 2020-2027

7.4.8 Australia

7.4.8.1 Market Estimates & Forecast, 2020-2027

7.4.8.2 Market Estimates & Forecast by Type, 2020-2027

7.4.8.3 Market Estimates & Forecast by Application, 2020-2027

7.4.9 Rest of Asia Pacific

7.4.9.1 Market Estimates & Forecast, 2020-2027

7.4.9.2 Market Estimates & Forecast by Type, 2020-2027

7.4.9.3 Market Estimates & Forecast by Application, 2020-2027

7.5 Middle East & Africa

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Type, 2020-2027

7.5.3 Market Estimates & Forecast by Application, 2020-2027


8 Competitive Landscape

9 Company Profile

9.1 Komatsu Ltd (Japan)

9.1.1 Company Overview

9.1.2 Products/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Caterpillar Inc. (U.S.)

9.2.1 Company Overview

9.2.2 Products/Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Sandvik AB (Sweden)

9.3.1 Company Overview

9.3.2 Products/Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 Atlas Copco AB (Sweden)

9.4.1 Company Overview

9.4.2 Products/Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 Hitachi Construction Machinery Co., Ltd (Japan)

9.5.1 Company Overview

9.5.2 Products/Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 BHP Billiton (Australia)

9.6.1 Company Overview

9.6.2 Products/Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 Vale S.A (Brazil)

9.7.1 Company Overview

9.7.2 Products/Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Rio Tinto (U.K.)

9.8.1 Company Overview

9.8.2 Products/Services Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Anglo American Plc. (U.K.)

9.9.1 Company Overview

9.9.2 Products/Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 Freeport-McMoRan Inc. (U.S.)

9.10.1 Company Overview

9.10.2 Products/Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.10.6 SWOT Analysis

9.11 Barrick Gold Corporation (Canada)

9.11.1 Company Overview

9.11.2 Products/Services Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis


List of Tables

Table 1 Global Surface Mining Market: By Region, 2020-2027

Table 2 North America Surface Mining Market: By Country, 2020-2027

Table 3 Europe Surface Mining Market: By Country, 2020-2027

Table 4 Asia-Pacific Surface Mining Market: By Country, 2020-2027

Table 5 RoW Surface Mining Market: By Country, 2020-2027

Table 6 Global Surface Mining Market, By Type , By Regions, 2020-2027

Table 7 North America Surface Mining Market, By Type , By Country, 2020-2027

Table 8 Europe Surface Mining Market, By Type , By Country, 2020-2027

Table 9 Asia-Pacific Surface Mining Market By Type , By Country, 2020-2027

Table 10 RoW Surface Mining Market By Type , By Country, 2020-2027

Table 11 Global Ambient Food Packaging By Application Market: By Regions, 2020-2027

Table 12 North America Surface Mining Market By Application : By Country, 2020-2027

Table 13 Europe Surface Mining Market By Application : By Country, 2020-2027

Table 14 Asia Pacific Surface Mining Market By Application : By Country, 2020-2027

Table 15 RoW Surface Mining Market By Application : By Country, 2020-2027

Table 16 Global Surface Mining Market: By Region, 2020-2027

Table 17 Global Surface Mining Market: By Type , 2020-2027

Table 18 Global Surface Mining Market: By Application, 2020-2027

Table 19 North America Surface Mining Market, By Country

Table 20 North America Surface Mining Market, By Type

Table 21 North America Surface Mining Market, By Application

Table 22 Europe: Surface Mining Market, By Country

Table 23 Europe: Surface Mining Market, By Type

Table 24 Europe: Surface Mining Market, By Application

Table 25 Asia-Pacific: Surface Mining Market, By Country

Table 26 Asia-Pacific: Surface Mining Market, By Type

Table 27 Asia-Pacific: Surface Mining Market, By End-User

Table 28 RoW: Surface Mining Market, By Region

Table 29 RoW Surface Mining Market, By Type

Table 30 RoW Surface Mining Market, By Application


List of Figures

FIGURE 1 RESEARCH TYPE OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 Market Dynamics

FIGURE 4 impact analysis: market drivers

FIGURE 5 impact analysis: market restraints

FIGURE 6 porter’s five forces analysis

FIGURE 7 Value chain analysis

FIGURE 8 Global Surface Mining Market SHARE, By Type, 2020 (%)

FIGURE 9 Global Surface Mining Market, By Type , 2020-2027 (USD MILLION)

FIGURE 10 Global Surface Mining Market SHARE, By Application, 2020 (%)

FIGURE 11 Global Surface Mining Market, By Application, 2020-2027 (USD MILLION)

FIGURE 12 Global Surface Mining Market SHARE (%), BY REGION, 2020

FIGURE 13 Global Surface Mining Market, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 North America Surface Mining Market SHARE (%), 2020

FIGURE 15 North America Surface Mining Market BY Country, 2020-2027 (USD MILLION)

FIGURE 16 Europe Surface Mining Market SHARE (%), 2020

FIGURE 17 Europe Surface Mining Market BY Country, 2020-2027 (USD MILLION)

FIGURE 18 Asia-Pacific Surface Mining Market SHARE (%), 2020

FIGURE 19 Asia-Pacific Surface Mining Market BY Country, 2020-2027 (USD MILLION)

FIGURE 20 Rest of the World Surface Mining Market SHARE (%), 2020

FIGURE 21 Rest of the World Surface Mining Market BY Country, 2020-2027 (USD MILLION)