Surface mining, including strip mining, open-pit mining and mountaintop removal mining, is a broad category of mining in which soil and rock overlying the mineral deposit (the overburden) are removed, in contrast to underground mining, in which the overlying rock is left in place, and the mineral is removed through shafts or tunnels.
Technology innovation offers precision and helps in time saving by enabling the work process faster and easier. Proliferating use of this equipment facilitates in selective mining by producing high quality material as well as producing stable surfaces & embankments. In addition, it offers low noise, low dust and less damaging vibrations process hence enables effective mining in residential areas. It assures maximum exploitation of a mines and aids in reducing processing cost involved in crushing by producing small grains, thus eliminating the need of buying the additional crushing equipment.
It also facilitates in reducing the need of wheel loaders and excavators owing to is capability of dumping the material into dumper trucks through a conveyor belt. Since, single machine performs multiple tasks it reduces the need of extra machines and man power. Usage of this equipment helps in avoiding blasting work and enables great precision while cutting steep and stable surfaces. It offers effective planning & coordination of the process, along with better operation and maintenance.
In 2019, the market size of Surface Mining Equipment is 6850 million US$ and it will reach 8950 million US$ in 2025, growing at a CAGR of 3.4% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Surface Mining Equipment.
This report studies the global market size of Surface Mining Equipment, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Surface Mining Equipment production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Atlas Copco
Caterpillar
Komatsu
Sandvik
Hitachi Construction Machinery
...
Market Segment by Product Type
Single Bucket
Continuous Bucket
Market Segment by Application
Strip Mining
Open-Pit Mining
Mountaintop Removal
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Surface Mining Equipment status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Surface Mining Equipment manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Surface Mining Equipment are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on SurfaceMiningEquipment. Industry analysis & Market Report on SurfaceMiningEquipment is a syndicated market report, published as Global (United States, European Union and China) Surface Mining Equipment Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of SurfaceMiningEquipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.