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Surface Mining Equipment Market Size | Industry Report, 2022

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Surface mining equipment market size is projected to exceed USD 28 billion by 2022, growing at a CAGR of 3.5% from 2015 to 2022. – PowerPoint PPT presentation

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Title: Surface Mining Equipment Market Size | Industry Report, 2022


1
Surface Mining Equipment Market 2015 2022
2
Global Market Scenario of Surface Mining
Equipment
  • Surface mining equipment market size is projected
    to exceed USD 28 billion by 2022, growing at a
    CAGR of 3.6 from 2015 to 2022.
  • Escalating demand for metal and mineral
    commodities is anticipated to drive the industry
    growth. 
  • Increasing mining activities and growing demand
    for technically advanced solutions mainly in
    developing countries is estimated to fuel the
    industry over the forecast period.
  • It aids in cost optimization owing to its
    capability of crushing, cutting and loading in a
    single working pass.
  • https//www.gminsights.com/industry-analysis/surfa
    ce-mining-equipment-market

3
Continue.....
  • Open pit surface mining equipment market size
    accounted for over 30 of the overall industry
    share in 2014 and is estimated to grow at a CAGR
    of over 3.7 and reach over USD 9 billion by
    2022.
  • This type of mining is mainly used for excavating
    diamond ore, palabora copper ore and sishen
    iron-ore.
  • 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. 
  • https//www.gminsights.com/industry-analysis/surfa
    ce-mining-equipment-market 

4
U.S. surface mining equipment market size, by
technique, 2012-2022 (USD Billion)
https//www.gminsights.com/industry-analysis/surfa
ce-mining-equipment-market

5
360 Analysis
  • Application Analysis
  • Mountain top removal mining equipment market
    size was valued at over USD 5.5 billion in 2014.
    The surge in the sector is mainly because it
    requires less number of workers and it assures
    maximum coal recovery as compared to the other
    conventional methods. 
  • Regional Analysis
  • North America, including U.S. surface mining
    equipment market size, is anticipated to be
    driven by the presence of the Appalachian region
    as it contains more than 50 billion tons of coal
    reserves.
  • Asia Pacific surface mining equipment industryis
    expected to be the fastest growing region, valued
    over USD 8 billion in 2014, with forecast over
    USD 11 billion by 2022. China surface mining
    equipment market size is likely to witness
    significant growth due to rapid growing demand
    for metal as well as coal in mining industry.
  • Competitive Market Share
  • Key industry players holding major surface mining
    equipment market share are BHP Billiton, Vale S.A
    and Rio Tinto. Other industry participants
    include Anglo American, Freeport-McMoran, Barrick
    Gold, Teck, and Goldcorp.


6

Latest Research Report On Surface Mining
Equipment Market _at_ https//www.gminsights.com/indu
stry-analysis/surface-mining-equipment-market
Download Latest Report PDF _at_ https//www.gminsig
hts.com/request-sample/detail/125
7
Stay In Touch You can visit us at
www.gminsights.com
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