Surface Mining Market, By Type (Strip Mining, Terrace Mining, Open-Pit Mining, Others), By Applications (Coal Mining, Metal Mining, Mineral Mining, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

PUBLISHED: July 11, 2024

PAGES: 135 Pages

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Description

Surface Mining Market is estimated to be valued at USD 43.84 Bn in 2024 and is expected to reach USD 55.03 Bn by 2031, increasing at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 43.84 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	3.30%	2031 Value Projection:	US$ 55.03 Bn

Figure. Surface Mining Market Share (%), By Region 2024

Surface mining is a method of extracting minerals, coal, or aggregates from the earth by removing soil and rock above the deposit being mined. It is usually used when deposits of commercially useful minerals or rock are found near the surface. Some key advantages of surface mining include lower costs compared to underground mining since less material needs to be moved to access the deposits. Furthermore, surface mining eliminates the need for deep mine shafts and tunnels, reducing safety risks to miners. Surface mining methods include open-pit mining and mountaintop removal mining. Open-pit mining involves excavating vertically and horizontally to reach the mineral deposit below the surface. Mountaintop removal mining is a surface mining practice involving the topping off of mountains to expose and extract the coal seams underneath.

Market Dynamics:

The global surface mining market is expected to witness robust growth over the forecast period, driven by factors such as increasing mineral and coal production activities and rising demand from construction and infrastructure industries. However, stringent environmental regulations pertaining to overburden handling and dumping could hamper market growth. On the other hand, technological advancements in mining equipment and adoption of autonomous vehicles offer lucrative opportunities for market participants. Key players are investing in R&D to develop automated surface mining solutions with enhanced productivity and lower operational costs.

Key Features of the Study:

This report provides in-depth analysis of the global surface mining market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global surface mining market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Komatsu Ltd, Caterpillar Inc, Sandvik AB, Atlas Copco AB, ABB Ltd., Hitachi Construction Machinery Co. Ltd, BHP Billiton, Vale S.A., Cisco Systems Inc., Anglo American Plc., Freeport-McMoRan Inc., Barrick Gold Corporation, Covatech SA, L&T Construction & Mining Machinery, Wirtgen Group, Kennametal, American Mine Services, Blackhawk Mining, LLC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global surface mining market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global surface mining market.

Detailed Segmentation-

By Type:
- Strip Mining
- Terrace Mining
- Open-Pit Mining
- Others
By Application:
- Coal Mining
- Metal Mining
- Mineral Mining
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Komatsu Ltd
- Caterpillar Inc
- Sandvik AB
- Atlas Copco AB
- ABB Ltd.
- Hitachi Construction Machinery Co. Ltd
- BHP Billiton
- Vale S.A
- Cisco Systems Inc.
- Anglo American Plc.
- Freeport-McMoRan Inc.
- Barrick Gold Corporation
- Covatech SA
- L&T Construction & Mining Machinery
- Wirtgen Group
- Kennametal
- American Mine Services
- Blackhawk Mining, LLC

Product Code: CMI7152

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Surface Mining Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Surface Mining Market
Impact Analysis

5. Global Surface Mining Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Strip Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Terrace Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Open-Pit Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Surface Mining Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Coal Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Metal Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Mineral Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Surface Mining Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Komatsu Ltd
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Caterpillar Inc
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Sandvik AB
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Atlas Copco AB
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- ABB Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Hitachi Construction Machinery Co. Ltd
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- BHP Billiton
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Vale S.A
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Cisco Systems Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Anglo American Plc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Freeport-McMoRan Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Barrick Gold Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Covatech SA
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- L&T Construction & Mining Machinery
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Wirtgen Group
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kennametal
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- American Mine Services
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Blackhawk Mining, LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Surface Mining Market" - Global forecast to 2031.