Market Synopsis:
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.
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There is seen an increased demand for power generation due to factors such as rapid urbanization and industrialization across the globe. This, in turn, has led to an increased demand for coal, which is a vital resource for energy production by the energy industries. Metal like steel is used across industries, includes construction, transportation, manufacturing, and a variety of consumer products. Increased disposable income has boomed the market for manufactured consumer goods. These factors play a vital role in the upsurge in mining activities for coal, metals, and minerals.
As per World Energy Council, coal provides around 40% of the world’s electricity. However, climate change mitigation demands, the transition to cleaner energy forms and increased competition from other resources are presenting challenges for the sector. Economic growth, along with the structural changes, strongly influence world energy consumption. As countries develop, the standard of living improves, and energy demand grows rapidly.
With declining commodity prices, unavailability of skilled manpower and constant technology advancements in the mining equipment market, the mining companies today are struggling. The opportunity for the new entrants and established firms can be the collaborations and partnerships with the giant energy and power companies, which utilize coal and other minerals for the production of electricity. However, factors such as stringent policies and regulations regarding the use of coal for power generation and the unavailability of skilled labor may hamper the growth of the global surface mining equipment market over the review period.
The global surface mining market is segmented by type of mining method (longwall extraction, room, and pillar extraction), application (coal mining, metal mining, mineral mining), and geography (The Americas, Europe, Asia Pacific, and RoW).
Scope of the report
This study provides an overview of the global Surface Mining market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Surface Mining market by its Type, application, and region.
• By Type–
o Strip Mining
o Terrace Mining
o Open-Pit Mining
• By Application
o Strip Mining
o Terrace Mining
o Open-Pit Mining
• By Region
o North America
o Asia Pacific
o Europe
o Rest of the World
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 Komatsu Ltd
 Caterpillar Inc
 Sandvik AB
 Atlas Copco AB
 Hitachi Construction Machinery Co., Ltd
 BHP Billiton
 Vale S.A
 Rio Tinto
 Anglo American Plc.
 Freeport-McMoRan Inc.
 Barrick Gold Corporation
Scope of the report

This study provides an overview of the global Surface Mining market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Surface Mining market by its Type, application, and region.

• By Type–
• Strip Mining
• Terrace Mining
• Open-Pit Mining
• By Application
• Strip Mining
• Terrace Mining
• Open-Pit Mining
• By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

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Surface Mining Market Growth has Increased due to better recovery, safety, flexibility, environmental conditions, and grade control | Surface Mining Industry