Surface Mining Market USD 25.83 Billion in 2018, Market Growth - CAGR of 3.0 %, Market Trends –Growing demand for electricity and rising demand from various industries are responsible for the growth opportunities of the global market.
New York, NY -- (SBWIRE) -- 04/08/2021 -- The Global Surface Mining Market research report added by Reports and Data is a comprehensive and all-encompassing analysis of the Surface Mining Market and its latest trends. The report offers a concise summary of the market size, market share, revenue growth, current and emerging trends and demands, profit margins, along with a comprehensive overview of the competitive scenario and business strategies enforced by the key companies operating in the industry.
This can be mainly associated with the consumption of metals and minerals across the globe in several end-user industries such as electronic and electrical, and machinery industries. Also, increasing demand for electricity is expected to drive the growth of the market positively. According to the World Bank, global metal consumption observed a positive growth of about 1.80% in 2016. Additionally, the increasing use of metals across the globe is promoting the expansion of global market. Apart from this, an abundance of mineral and metal ores in the world is expected to impact the growth of the market positively. Growing consumption of electricity has raised the demand for coals in the world. This factor is expected to augment the growth of the global surface mining market. Further, improvement in surface mining technologies is also responsible for the growth of the market. Also, the market is observing the launch of new and innovative surface mining solutions, which further enhances operational efficiency. This factor is expected to initiate current and future market growth prospects.
Surface mining is a kind of mining in which mineral deposits are collected by removing overlying rock and soil. The initial type of surface mining methods includes open-pit mining, strip mining, and mountaintop removal. Surface mining offers several advantages over underground mining, such as less complexity and low operational cost.
North America accounts for the largest market share of 32.3% in 2018. Presence of a large number of metallic, coal, and non-metallic resources in the region is forecasted to spur the growth of the market in this region. The abundance of non-metallic mineral ores in Canada is believed to stimulate the growth of the market in North America. U.S. and Canada are considered to be a significant contributor to the growth of the market in the North America region.
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The research report offers key insights regarding market players along with their gross earnings, profit margins, product portfolio, research and development activities, business strategies, market valuation, revenue contribution, market position, and strategic alliances. The report also focuses on the alliances occurring in the market, such as mergers & acquisitions, joint ventures, collaborations, partnerships, licensing and manufacturing agreements, and product launches and brand promotions, among others.
The report covers in detail the competitive hierarchy of this industry vertical.
Some of the key players profiled in the report include:
Rio Tinto, BHP Billiton, Barrick Gold Corporation, Glencor, China Shenhua Energy, Coal India Limited, Vale S.A., Freeport-McMoran, Goldcorp Inc., Anglo American
The report further covers the details related to the production and manufacturing facilities of the market behemoths, their regional expansion
on, and the industry and revenue share. It also covers crucial data regarding the product portfolio and the application scope of the manufacturers.
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The research report on the global Surface Mining Market offers an extensive analysis of the product spectrum and application scope of the business landscape.
Based on the product type, the Surface Mining Market is split into
- Strip Mining
- Open Pit Mining
- Mountain Removal Mining
Based on the application, the Surface Mining Market is split into
- Electric power industry
Furthermore, the report covers a thorough analysis of the geographical landscape of the Surface Mining Market. The report broadly assesses the regional terrain of the Surface Mining Market while splitting the market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The research report is equipped with significant information regarding the industry share and revenue share generated by each key region. It also provides key details about trends, growth drivers, regional presence, production and manufacturing capacity, industry share, and market size, along with import/export analysis. It also estimates revenues for leading regions during the projected period.
Key Regions Analyzed in Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of the TOC:
- 1. Report Overview
- 1.1 Research Scope
- 1.2 Key Surface Mining Market segments
- 1.3 Major players
- 1.4 Market analysis by product
- 1.5 Market analysis by application
- 1.6 Report timeline
- 2. Global Growth Trends
- 2.1 Global Surface Mining Market size
- 2.2 Latest Surface Mining Market trends
- 2.3 Key growth trends
- 3. Competitive Landscape
- 3.1 Global Surface Mining Market key players
- 3.2 Global Surface Mining Market size by manufacturers
- 3.3 Products of major players
- 3.4 Entry barriers in the Surface Mining Market
- 3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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