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The Global Surface Mining Equipment Market is expected to reach $34.95 billion by 2026 growing at a CAGR of 5.7% during 2019 to 2026. 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. Factors such as increasing mining activities, increasing the need for mineral fertilizers to improve agricultural yield, resource exploration, high demand for valuable metals such as silver, platinum, gold, etc., increasing population along with augmented economic activity, escalating demand for metal and mineral commodities, and economically efficient and safe are driving the growth of the market. However, lack of skilled labors and technicians is restricting the market. Based on mining method, the strip mining segment is expected to grow at the significant rate during the forecast period, owing to the extensive use of coal across various sectors. Strip mining is a type of surface mining method, which is used to extract coal and lignite. Strip mining is commonly used to mine lignite and coal. Environmental protection administration has introduced advanced set of regulations for coal mining operation and coal power plants which has reduced coal mining activities in the U.S. Other countries across the world are also introducing similar regulations in order to reduce global warming, smog and mercury pollution. This is expected to be the challenging factor for surface mining equipment used in strip mining. The key vendors mentioned are Komatsu Ltd., Larsen and Toubro Ltd., Sandvik AB, Vermeer Corp., Atlas Copco AB, Caterpillar Inc., Hitachi Ltd., J C Bamford Excavators Ltd., Deere & Co., Vale SA, BHP Billiton, Joy Global Inc, Volvo Construction Equipment, Metso, Zhengzhou Coal Mining Machinery Group, and Boart Longyear Ltd. Mining Methods Covered: • Strip Mining • Mountaintop Removal Mining • Open-Pit Mining • Highwall Mining • Dredging Minerals Covered: • Non Metallic Ore • Coal • Metallic Ore Equipments Covered: • Grinding • Blasting • Loading and Hauling • Drilling • Crushing Types Covered: • Continuous Bucket • Single Bucket End-Users Covered: • Quarrying • Coal Mining Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analysed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Surface Mining Equipment Market, By Mining Method
5.1 Introduction
5.2 Strip Mining
5.3 Mountaintop Removal Mining
5.4 Open-Pit Mining
5.5 Highwall Mining
5.6 Dredging
6 Global Surface Mining Equipment Market, By Mineral
6.1 Introduction
6.2 Non Metallic Ore
6.3 Coal
6.4 Metallic Ore
7 Global Surface Mining Equipment Market, By Equipment
7.1 Introduction
7.2 Grinding
7.3 Blasting
7.4 Loading and Hauling
7.5 Drilling
7.6 Crushing
8 Global Surface Mining Equipment Market, By Type
8.1 Introduction
8.2 Continuous Bucket
8.3 Single Bucket
9 Global Surface Mining Equipment Market, By End User
9.1 Introduction
9.2 Quarrying
9.3 Coal Mining
10 Global Surface Mining Equipment Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape
12.1 Komatsu Ltd.
12.2 Larsen and Toubro Ltd.
12.3 Sandvik AB
12.4 Vermeer Corp.
12.5 Atlas Copco AB
12.6 Caterpillar Inc.
12.7 Hitachi Ltd.
12.8 J C Bamford Excavators Ltd.
12.9 Deere & Co.
12.10 Vale SA
12.11 BHP Billiton
12.12 Joy Global Inc
12.13 Volvo Construction Equipment
12.14 Metso
12.15 Zhengzhou Coal Mining Machinery Group
12.16 Boart Longyear Ltd
List of Data Tables
1 Global Surface Mining Equipment Market Outlook, By Region (2018-2026) ($MN)
2 Global Surface Mining Equipment Market Outlook, By Mining Method (2018-2026) ($MN)
3 Global Surface Mining Equipment Market Outlook, By Strip Mining (2018-2026) ($MN)
4 Global Surface Mining Equipment Market Outlook, By Mountaintop Removal Mining (2018-2026) ($MN)
5 Global Surface Mining Equipment Market Outlook, By Open-Pit Mining (2018-2026) ($MN)
6 Global Surface Mining Equipment Market Outlook, By Highwall Mining (2018-2026) ($MN)
7 Global Surface Mining Equipment Market Outlook, By Dredging (2018-2026) ($MN)
8 Global Surface Mining Equipment Market Outlook, By Mineral (2018-2026) ($MN)
9 Global Surface Mining Equipment Market Outlook, By Non Metallic Ore (2018-2026) ($MN)
10 Global Surface Mining Equipment Market Outlook, By Coal (2018-2026) ($MN)
11 Global Surface Mining Equipment Market Outlook, By Metallic Ore (2018-2026) ($MN)
12 Global Surface Mining Equipment Market Outlook, By Equipment (2018-2026) ($MN)
13 Global Surface Mining Equipment Market Outlook, By Grinding (2018-2026) ($MN)
14 Global Surface Mining Equipment Market Outlook, By Blasting (2018-2026) ($MN)
15 Global Surface Mining Equipment Market Outlook, By Loading and Hauling (2018-2026) ($MN)
16 Global Surface Mining Equipment Market Outlook, By Drilling (2018-2026) ($MN)
17 Global Surface Mining Equipment Market Outlook, By Crushing (2018-2026) ($MN)
18 Global Surface Mining Equipment Market Outlook, By Type (2018-2026) ($MN)
19 Global Surface Mining Equipment Market Outlook, By Introduction (2018-2026) ($MN)
20 Global Surface Mining Equipment Market Outlook, By Continuous Bucket (2018-2026) ($MN)
21 Global Surface Mining Equipment Market Outlook, By Single Bucket (2018-2026) ($MN)
22 Global Surface Mining Equipment Market Outlook, By End User (2018-2026) ($MN)
23 Global Surface Mining Equipment Market Outlook, By Quarrying (2018-2026) ($MN)
24 Global Surface Mining Equipment Market Outlook, By Coal Mining (2018-2026) ($MN)
25 North America Surface Mining Equipment Market Outlook, By Mining Method (2018-2026) ($MN)
26 North America Surface Mining Equipment Market Outlook, By Mineral (2018-2026) ($MN)
27 North America Surface Mining Equipment Market Outlook, By Equipment (2018-2026) ($MN)
28 North America Surface Mining Equipment Market Outlook, By Type (2018-2026) ($MN)
29 North America Surface Mining Equipment Market Outlook, By End User (2018-2026) ($MN)
30 Europe Surface Mining Equipment Market Outlook, By Mining Method (2018-2026) ($MN)
31 Europe Surface Mining Equipment Market Outlook, By Mineral (2018-2026) ($MN)
32 Europe Surface Mining Equipment Market Outlook, By Equipment (2018-2026) ($MN)
33 Europe Surface Mining Equipment Market Outlook, By Type (2018-2026) ($MN)
34 Europe Surface Mining Equipment Market Outlook, By End User (2018-2026) ($MN)
35 Asia Pacific Surface Mining Equipment Market Outlook, By Mining Method (2018-2026) ($MN)
36 Asia Pacific Surface Mining Equipment Market Outlook, By Mineral (2018-2026) ($MN)
37 Asia Pacific Surface Mining Equipment Market Outlook, By Equipment (2018-2026) ($MN)
38 Asia Pacific Surface Mining Equipment Market Outlook, By Type (2018-2026) ($MN)
39 Asia Pacific Surface Mining Equipment Market Outlook, By End User (2018-2026) ($MN)
40 South America Surface Mining Equipment Market Outlook, By Mining Method (2018-2026) ($MN)
41 South America Surface Mining Equipment Market Outlook, By Mineral (2018-2026) ($MN)
42 South America Surface Mining Equipment Market Outlook, By Equipment (2018-2026) ($MN)
43 South America Surface Mining Equipment Market Outlook, By Type (2018-2026) ($MN)
44 South America Surface Mining Equipment Market Outlook, By End User (2018-2026) ($MN)
45 Middle East & Africa Surface Mining Equipment Market Outlook, By Mining Method (2018-2026) ($MN)
46 Middle East & Africa Surface Mining Equipment Market Outlook, By Mineral (2018-2026) ($MN)
47 Middle East & Africa Surface Mining Equipment Market Outlook, By Equipment (2018-2026) ($MN)
48 Middle East & Africa Surface Mining Equipment Market Outlook, By Type (2018-2026) ($MN)
49 Middle East & Africa Surface Mining Equipment Market Outlook, By End User (2018-2026) ($MN)