Surface Mining Equipment Market, Global Outlook and Forecast 2023-2029

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.
This report aims to provide a comprehensive presentation of the global market for Surface Mining Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Surface Mining Equipment. This report contains market size and forecasts of Surface Mining Equipment in global, including the following market information:
Global Surface Mining Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Surface Mining Equipment Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Surface Mining Equipment companies in 2022 (%)
The global Surface Mining Equipment market was valued at US$ 6839.9 million in 2022 and is projected to reach US$ 8558.3 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Surface Mining Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Surface Mining Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Surface Mining Equipment Market Segment Percentages, by Type, 2022 (%)
    Single Bucket
    Continuous Bucket
Global Surface Mining Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Surface Mining Equipment Market Segment Percentages, by Application, 2022 (%)
    Open-Pit Mining
    Mountaintop Removal
Global Surface Mining Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Surface Mining Equipment Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Surface Mining Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Surface Mining Equipment revenues share in global market, 2022 (%)
Key companies Surface Mining Equipment sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Surface Mining Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Atlas Copco
    Caterpillar
    Komatsu
    Sandvik
    Hitachi Construction Machinery
Outline of Major Chapters:
Chapter 1: Introduces the definition of Surface Mining Equipment, market overview.
Chapter 2: Global Surface Mining Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Surface Mining Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Surface Mining Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Surface Mining Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.