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    Surface Mining Equipment Market | Covid-19 Impact Analysis

    Surface Mining Equipment Market | Covid-19 Impact Analysis

    Surface Mining Equipment Market | Covid-19 Impact Analysis
    Report code - SRCE171 Delivery - 2 Weeks
    Surface Mining Equipment Market Size, Share, Trend, Forecast, & Industry Analysis  See more...
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    Impact of COVID-19 on Surface Mining Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Surface Mining Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Surface Mining Equipment Market Insights

    Surface mining equipment market is likely to witness a steady CAGR of 3.9% during the forecast period. The prime factor contributing to the demand for surface mining equipment is the growing mining activities.

    Surface Mining Equipment Market – Snapshot

    Growth

    3.9% for the next five years

    Key Technique Type

    Mountain Removal Mining

    Major Mineral Type

    Metallic Ore

    Region with the highest demand

    North America

    Key Players

    BHP Billiton, Vale S.A, Rio Tinto, Anglo American, Freeport-McMoRan, Barrick Gold, Teck, and Goldcorp.

     

    Market Share Analysis

    Surface-Mining-Equipment-Market-Dominant-Segments

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    Surface Mining Equipment Market Share: By Technique Type

    Based on the technique type, the market is segmented as strip mining, mountain removal mining, and open pit mining. The mountain removal mining segment is estimated to maintain its dominance over the forecast period, owing to its efficiency and lower labor cost.

    Surface Mining Equipment Market Share: By Mineral Type

    Based on the mineral type, the market is segmented as metallic ore, non-metallic ore, and coal. The metallic ore segment is likely to grow with the highest CAGR over the forecast period. This growth is attributed to the surge in demand for metals, such as zinc, gold, copper, and silver.

    Surface Mining Equipment Market Share: By Region

    In terms of regions, North America is estimated to be the largest market for surface mining equipment. The growth of the North American market is attributed to the presence of major coal reserves such as the Appalachian region. Europe and Asia-Pacific are also likely to offer considerable growth opportunities during the forecast period.

    Surface-Mining-Equipment-Market-By-Region

    Know which region offers best growth opportunities. Click here

    Some of the major players in the surface mining equipment market are-

    • BHP Billiton
    • Vale S.A
    • Rio Tinto
    • Anglo American
    • Freeport-McMoRan
    • Barrick Gold
    • Teck
    • Goldcorp

     

    Market Scope & Segmentation

    Surface mining denotes the removal of the terrain surface so as to access minerals underneath. Surface mining equipment are used in surface mining to remove the overburden (soil and rock) overlying a mineral deposit. In particular, the process of surface mining is used to retrieve sand, gravel, stones, coal, iron and other metals.

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Surface Mining Equipment Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    8

     

    The surface mining equipment market is segmented into the following categories. 

    Surface Mining Equipment Market Size, Share, & Forecast, by Technique Type:

    • Strip Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mountain Removal Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Open Pit Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Surface Mining Equipment Market Size, Share, & Forecast, by Mineral Type:

    • Metallic Ore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Metallic Ore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Coal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Surface Mining Equipment Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Surface-Mining-Equipment-Market-Segmentation

    Want to know the most attractive market segments? Click here

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the mineral types by technique type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Surface Mining Equipment Market in the foreseeable future?

    The surface mining equipment market is expected to witness an impressive growth of 3.9% CAGR in the foreseeable future.

    Who are the key players in the Surface Mining Equipment Market?

    BHP Billiton, Vale S.A, Rio Tinto, Anglo American, Freeport-McMoRan, Barrick Gold, Teck, and Goldcorp are among the key players in the surface mining equipment market.

    Which country/region is expected to be the largest Surface Mining Equipment Market?

    North America is expected to be the largest surface mining equipment market during the next five years.

    Which technique type is expected to remain dominant in the Surface Mining Equipment Market?

    The mountain removal mining segment is expected to remain dominant in the surface mining equipment market in the coming years.

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