Surface Mining Market Research Report - Forecast To 2030

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 2030

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

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)

Surface Mining Market

The Surface Mining Market Size is expected to reach USD 39,748.20 Million by 2030 at a CAGR of 3.20% during the forecast period ending in 2030.

Segmentation

By Type Strip Mining Terrace Mining Open Pit Mining
By Application Coal Mining Metal Mining Mineral Mining

Key Players

  • Komatsu Ltd (Japan)
  • Caterpillar Inc (U.S.)
  • Sandvik AB (Sweden)
  • Atlas Copco AB (Sweden)
  • ABB Ltd. (Switzerland)
  • Hitachi Construction Machinery Co. Ltd (Japan)
  • BHP Billiton (Australia)
  • Vale S.A (Brazil)
  • Cisco Systems Inc.(U.S.)
  • Anglo American Plc. (U.K.)
  • Freeport-McMoRan Inc. (U.S.)
  • Barrick Gold Corporation (Canada)

Drivers

  • Rapid urbanization
  • Industrialization across the globe
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Surface Mining Market Overview


The Surface Mining Market Value is estimated to be valued at USD 9,265.7 Million during the historic forecast period that ended in 2019. The Surface Mining Market Size is expected to reach USD 39,748.20 Million by 2030 at a CAGR of 3.20% during the forecast period ending in 2030.

Globally, there is a greater demand for power generation as a result of factors such as rapid urbanization and industrialization. As a result, the demand for coal, a critical resource for energy production by the energy industries, has increased. Steel is used in a variety of industries, including construction, transportation, manufacturing, and a wide range of consumer products. Increased disposable income has fueled the growth of the manufactured consumer goods market. These factors are crucial in the increase in mining activities for coal, metals, and minerals and are effective in Surface Mining Market Growth.


COVID 19 Analysis


The global Surface Mining Market has been badly impacted by the COVID-19 pandemic, owing to a halt in international trade, protracted lockdowns, and roadblocks in construction, mining, and maintenance activities. . The outbreak had a significant influence on market growth, resulting in lower consumption of products from Surface Mining Market. Furthermore, supply chain interruptions and a labor shortage have reduced the value of new contracts in real estate construction projects over time. Industry companies have been obliged to reduce inventory and expenses due to a drop in consumption and thus, decreasing the Surface Mining Market Share. . As a result, demand for surface mining products in many industries has fallen, thus impacting market growth and being the reason for the fall in the Surface Mining Industry.


Despite a severe economic downturn, the Surface Mining Market Value has recovered by implementing new tactics and developing new talents.


Competitive Landscape


In recent years, the smart mining business has gained a competitive advantage. Recent advances, such as large horizontal and ground-level reserves, as well as rising demand for iron ore, diamonds, chromium, and coal, will gain traction in the coming years. The key market players have been recognized as follows:



  • Komatsu Ltd (Japan)

  • Caterpillar Inc (U.S.)

  • Sandvik AB (Sweden)

  • Atlas Copco AB (Sweden)

  • ABB Ltd. (Switzerland)

  • Hitachi Construction Machinery Co. Ltd (Japan)

  • BHP Billiton (Australia)

  • Vale S.A (Brazil)

  • Cisco Systems Inc.(U.S.)

  • Anglo American Plc. (U.K.)

  • Freeport-McMoRan Inc. (U.S.)

  • Barrick Gold Corporation (Canada)


Market Dynamics


Drivers


Due to causes such as rising urbanization and industrialization around the world, there has been an increase in demand for electricity generation. As a result, demand for coal, a critical resource for energy production in the energy industry, has soared. Steel is utilized in a multitude of industries, including building, transportation, manufacturing, and consumer goods. The market for manufactured consumer products has exploded as disposable income has increased. These factors have a significant impact on the increase in coal, metals, and mineral mining. Surface Mining Market Growth is being driven by factors such as rising demand for metallic and non-metallic minerals, abundant deposits, lower capital requirements, and rising energy consumption. Furthermore, advances in mining technology, increased worries among countries about energy security and rising energy demand are all posing significant challenges for the surface mining market.


Restraints


A skilled labor shortage exists in the Surface Mining Industry. Mining corporations have found it difficult to hire new staff with the technical abilities needed to work on new energy sources due to a scarcity of expertise. Mining firms are struggling today due to falling commodity prices, a shortage of experienced labor, and continuous technological developments in the mining equipment sector. Collaborations and partnerships with big energy and power companies that use coal and other minerals to produce electricity could be an opportunity for new entrants and established businesses. However, factors such as strict policies and regulations governing the use of coal for power generation, as well as a scarcity of skilled personnel, may stifle the worldwide surface mining equipment market's expansion over the forecast period. Also, Land Acquisition Act will be a major restraint to the Surface Mining Market Share.


Technology Analysis


Coal accounts for over 40% of global electricity generation, according to the World Energy Council. However, the sector faces challenges from climate change mitigation needs, the transition to cleaner energy forms, and greater competition from alternative resources. Several mining corporations have begun to collaborate with technology companies to develop innovative wireless network deployment options underground. They're also keeping better track of employees and equipment, enhancing safety, improving maintenance, and increasing efficiency along the route. Administrators at mining sites can receive alerts via email, SMS, or in-app notifications via a mobile device application. This allows supervisors to react quickly to crucial problems that arise in real-time, allowing them to maximize production. Advanced data analytics are also being used to provide visualizations, insights, and suggestions from the raw data. This data is then transmitted in real-time to mine management and staff via their mobile devices and has been done within the forecast period.


Surface Mining Market by Segment


 Surface Mining Market


Segment Overview


The Global Market for GRP Pipes has been bifurcated into various segments that will help the market to achieve the highest CAGR during the forecast period. The market has been segmented based on the following:


Based on the type, the market has been segmented as follows:



  • Strip Mining

  • Open Pit Mining

  • Terrace Mining


Based on the application, the market has been segmented as follows:



  • Coal Mining

  • Metal Mining

  • Mineral Mining


Based on the category, the market has been segmented as follows:



  • Automated Equipment

    • Excavator

    • Robotic Truck

    • Driller and Breaker

    • Load Haul Pump



  • Component

    • Hardware

      • Sensors

      • RFID Tags

      • Intelligent Systems



    • Software

      • Data and operation management software

      • Safety and Security Systems

      • Connectivity Solutions

      • Analytics Solutions



    • Services

      • Support and Maintenance (Engineering Service)

      • System integration (Deployment Service)

      • Consulting Services






Based on the region, the market has been segmented as follows:



  • North America

    • The S.

    • Canada

    • Mexico



  • Europe

    • Germany

    • Sweden

    • UK



  • Asia – Pacific

    • China

    • India

    • Japan

    • Australia

    • LAMEA



  • Latin America

    • Middle East

    • Africa




Regional Analysis


Geographically, the global market may be divided into Asia Pacific, North America, Europe, and the LAMEA. The Asian mining sector is dominated by countries such as China, India, Indonesia, and others. Mining activities that are flourishing in countries like China and India are projected to provide prospective growth possibilities for the surface mining industry. Increased demand for coal and chromium is expected to fuel rapid expansion. Governments and other bodies are increasingly focused on environmental safety on a worldwide scale. Due to government rules on fuel consumption, greenhouse gas emissions, and labor safety, miners, particularly in industrialized countries, are being pushed to replace traditional technology in order to increase production. Surface mining Industrialists focus on new technology to fulfill new safety criteria while maintaining high levels of efficiency and thus, helping in increasing the Surface Mining Market Size.


Recent Developments



  • Cisco unveiled a new networking solution that is designed to endure the rigors of the most demanding environments while also giving IT and OT teams with intent-based networking capabilities to scale and expedite IoT

  • AppDynamics, a Cisco subsidiary that specializes in application intelligence, has launched the AppDynamics Integration Partner Program, a new partnership program that aims to simplify the fast-increasing technological ecosystem for businesses by partnering with premier technology companies.

  • The ABB Ability Operations Management System was launched for real-time integration in underground and open-pit mines by the business ABB. It boosts productivity, improves efficiency, and maximizes productivity by maximizing coordination between dynamic situations and weekly production schedules in mining.


Report Overview


The research provides a quantitative as well as a qualitative analysis of current Surface Mining industry trends, estimations, and dynamics, as well as the dynamics to assist in the identification of current Surface Mining market opportunities of the global Surface Mining market during the forecast period. The research looks at the factors that influence market growth in the Surface Mining sector. The study looks at parent market trends, macroeconomic data, regulating factors, and market attractiveness within segments. The analysis also maps out the qualitative impact of key market drivers on different market segments and geographies. The market is growing at a great pace and will continue to rise as per the forecast.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 39,748.20 milliom
  CAGR   3.20% 2030
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities

  • Increasing mining activities
  • Growing demand for technically advanced solutions
  •   Key Market Drivers

  • Rapid urbanization
  • Industrialization across the globe


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    Frequently Asked Questions (FAQ) :

    The expected CAGR growth is 3.20% for the Surface Mining Market for the forecast period ending in 2030.

    The Asia – Pacific or APAC region is expected to have the highest growth followed by North America and Europe respectively over the global forecast period in 2030.

    The key players in the Global Surface Mining Market are Komatsu Ltd (Japan), Caterpillar Inc (U.S.), BHP Billiton (Australia), Vale S.A (Brazil), Anglo American Plc. (U.K.), Barrick Gold Corporation (Canada), ABB Ltd. (Switzerland), and Cisco Systems Inc.(U.S.) over the forecast period.