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Surface Mining Equipment Market By Equipment (Drilling, Blasting, Crushing, Grinding, Loading And Hauling, Others), By Mining Method (Open Pit Mining, Mountain Removal Mining, Strip Mining, Highwall Mining And Dredging) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

The global surface mining equipment market is expected to witness considerable growth through the forecast period of 2016–2022, with improving economic conditions and rising output in the mining sector. The need for surface mining equipment is also expected to see significant demand from the replacement market due to stringent emissions, energy consumption, and safety regulations, particularly in developed nations. In addition, rising domestic demand from emerging economies due to rapidly increasing mechanization in the mining sector also represents a positive outlook for surface mining equipment suppliers, particularly in emerging markets such as India, China, South Africa, Brazil, Russia, and others. All these factors are expected to drive the market growth of surface mining equipment in the next six years.

The report includes an in-depth analysis of market driving and restraining factors related to the surface mining equipment industry. The study also covers current and future market trends in the global and regional surface mining equipment markets. The report provides exhaustive information on technology development, pricing, and demand-supply directions. The high-level analysis included in the news, such as competitive market analysis, attractiveness analysis, and PESTEL, helps market players and trade partners identify key investment areas in the industry.

Moreover, the report provides market estimates and forecasts for different types of mining equipment and their market sizes in the mining methods application segment in terms of both volumes (number of units sold) and revenue (US$ Bn). This market is segmented based on product type, mining methods, and region. The report also includes cross-sectional analysis on a regional basis, i.e., the regional market size by product and mining methods. This study includes historic market size (2013 and 2014), a market estimate (2015), and a forecast for the period 2016–2022 in terms of volume and revenue. The report also includes market estimates and forecasts for the surface mining equipment market in major countries.

The report profiles key players in the global surface mining equipment industry. Company profiles include detailed information about business strategies, product portfolios, recent developments, and the regional positioning of these manufacturers. The report also provides an in-depth analysis of the market competition and key market players' positioning, as well as their market-winning strategies.

The global surface mining equipment market is classified into the following categories:

Using the Mining Method

  • Open pit mining
  • Mountain removal mining
  • Strip Mining
  • Highwall Mining
  • Dredging

By Type

  • Drilling
  • Blasting
  • Crushing
  • Grinding
  • Loading and hauling
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australasia
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

We have considered the following types of equipment to estimate the overall market size:

  • Drilling
  • Blasting
  • Crushing
  • Grinding
  • Loading and hauling
  • Others

Crushing was the largest type of product category for surface mining equipment and is expected to maintain its dominating position through the forecast period of 2016–2022. The crushing equipment market for surface mining is expected to grow with rising demand for construction materials worldwide. In addition, miners invest significantly in advanced equipment to meet the high demand for quality aggregates. Blasting equipment used in surface mining is also a lucrative product category for suppliers. The loading and hauling equipment product category are also expected to witness considerable growth with rising mining activities across the world. Stringent government regulations related to worker safety and emissions are forcing operators to replace their outdated machinery with advanced solutions. This increases the demand for crushing, loading, and hauling equipment in developed and developing markets.

Based on mining type, we have classified the surface mining equipment market into the following categories:

  • Open pit mining
  • Mountain removal mining
  • Strip Mining
  • Highwall Mining
  • Dredging

Strip mining is commonly used to mine lignite and coal. Strip mining was the largest end-use segment for surface mining equipment in 2014. The Environmental Protection Administration has introduced an advanced set of regulations for coal mining operations and coal power plants, which have reduced coal mining activities in the U.S. Other countries worldwide are also introducing similar rules to reduce global warming, smog and mercury pollution. This is expected to be the most challenging factor for the surface mining equipment used in strip mining. Open-pit mining is expected to see the fastest growth through the forecast period of 2016–2022. This is particularly due to rising demand and mining operations in emerging economies. Dredging is also expected to see considerable growth shortly with increasing underwater mining activities and rising demand for oil and gas.

Frequently Asked Question:

The market for Surface Mining Equipment is expected to reach USD XX million Bn in 2022.

The Surface Mining Equipment market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016 -2022

The base year of this report is 2015.

Atlas Copco AB, Caterpillar Inc., Hitachi Construction Machiner, Joy Global Inc, Volvo Construction Equipment. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2016
Category:  Mining, Minerals and Metals
Report ID:   57955
Report Format:   PDF
Pages:   120
Rating:    4.1 (55)
Delivery Time: 24 Hours to 48 Hours   
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