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Global Surface Mining Equipment Market 2017-2021

Global Surface Mining Equipment Market 2017-2021

About Surface Mining Equipment

Surface mining is a popular method of mining and is practiced worldwide because of its advantages over underground mining. Major advantages of surface mining include: Can recover up to 100% of the mining resources within mining excavation, and Cheaper than underground mining. Surface mining uses heavy equipment, such as excavators, large hydraulic excavators, mining trucks, hydraulic mining shovels, and rotary drills, to remove the overburden. It then makes use of mining equipment, such as dragline, to extract minerals.

Technavio’s analysts forecast the global surface mining equipment market to grow at a CAGR of 3.24% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global surface mining equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Surface Mining Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco
  • Caterpillar
  • Komatsu
  • LARSEN & TOUBRO
  • Sandvik
Other prominent vendors
  • Hitachi Construction Machinery
  • Vermeer
  • JCB
  • Vale
  • XCMG
  • Terex
  • SANY GROUP
  • Metso
  • Kobelco Construction Machinery
  • AB Volvo
  • Deere
  • WIRTGEN GROUP
Market driver
  • Rise in demand for housing projects globally
  • For a full, detailed list, view our report
Market challenge
  • Environment regulations for mining activities
  • For a full, detailed list, view our report
Market trend
  • Environment-friendly mining activities
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Surface Mining Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global surface mining equipment market: Atlas Copco, Caterpillar, Komatsu, LARSEN & TOUBRO, and Sandvik.

Other Prominent Vendors in the market are: Hitachi Construction Machinery, Vermeer, JCB, Vale, XCMG, Terex, SANY GROUP, Metso, Kobelco Construction Machinery, AB Volvo, Deere, and WIRTGEN GROUP.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is environment-friendly mining activities. Mining can be made environment-friendly by developing new strategies and practices, and integrating these practices to reduce the negative environmental impacts of mining operations. To reduce the negative environmental impacts of mining activities, it is necessary to introduce mining equipment that emits less harmful particles into water, air, and land.”

According to the report, one driver in the market is rise in demand for housing projects globally. The housing market accounts for a major share of the global construction market. Increasing economic growth, purchasing power, consumer confidence, and urban population will exponentially increase the demand for residential complexes and projects in the forecast period. This demand will further be driven by decreasing unemployment rate and interest rates on loans. Decreasing interest rates coupled with increasing income levels of the population will encourage the need for buying houses, both as a necessity and from an investment perspective.

Further, the report states that one challenge in the market is environment regulations for mining activities. Mining has several negative impacts on the environment, which necessitates the application of strict environmental regulations on mining companies. The environmental impacts of mining include loss of biodiversity, contamination of water resources, the formation of sinkholes, erosion of exposed hillsides, soil erosion, soil pollution, and others. In addition, mining affects the health of people residing near mining sites. Mining companies in many countries are forced to follow strict environmental regulations or even ban mining activities during certain periods of each year.

Companies Mentioned

Atlas Copco, Caterpillar, Komatsu, LARSEN & TOUBRO, and Sandvik, Hitachi Construction Machinery, Vermeer, JCB, Vale, XCMG, Terex, SANY GROUP, Metso, Kobelco Construction Machinery, AB Volvo, Deere, WIRTGEN GROUP

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of surface mining
      • Table Current and future market prospects of type of mining equipment 2016 and 2021
      • Table Current and future market prospects of geographic regions 2016 and 2021
  • Market landscape
    • Market overview
      • Table Market segmentation
    • Market size and forecast
      • Table Global surface mining equipment market 2016-2021 ($ billions)
      • Table Global population growth 2010-2015
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Market share by type of application of surface mining equipment 2016 and 2021
    • Global surface mining equipment market by strip mining
      • Table Global surface equipment market by strip mining 2016-2021 ($ billions)
    • Global surface mining equipment market by openpit mining
      • Table Global surface mining equipment market by open-pit mining 2016-2021 ($ billions)
    • Global surface mining equipment market by mountaintop removal mining
      • Table Global surface mining equipment market by mountaintop removal mining 2016-2021($ billions)
  • Market segmentation by Geography
    • Market overview
      • Table Market shares of each region in global surface mining equipment market 2016 and 2021 (%)
    • Surface mining equipment market in APAC
      • Table Surface mining equipment market in APAC 2016-2021 ($ billions)
    • Surface mining equipment market in Americas
      • Table Surface mining equipment market in Americas 2016-2021 ($ billions)
    • Surface mining equipment market in EMEA
      • Table Surface mining equipment market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Interest rates on housing per annum in US, UK, Japan, Germany, and Australia.
      • Table Decreasing unemployment rate in US 2010-2016
    • Market challenges
  • Market trends
    • Environment-friendly mining activities
    • Eco-efficient mining process
    • Integration of IoT in surface mining equipment for remote monitoring
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Atlas Copco
    • Caterpillar
    • Komatsu
    • LARSEN & TOUBRO
    • Sandvik
  • Appendix
    • List of abbreviations
  • Explore Technavio

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