Press release
Surface Mining Market Sales, Supply, Demand, Analysis And Future Forecast To 2032
Surface Mining Market
Surface Mining Market Size, Growth Rate, And Forecast
The global surface mining market size grew from $26.94 billion in 2022 to $28.65 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surface mining market size is expected to grow to $34.56 billion in 2027 at a CAGR of 4.8%.
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Surface Mining Market Drivers
The rise in construction projects is significantly contributing to the growth of the surface mining market going forward. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structure. Surface mining is helpful for construction sites for erecting structures and infrastructure components required for modern living, such as sand, gravel, gypsum, and limestone.
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Surface Mining Market Segments
1) By Type: Strip Mining, Open Pit Mining, Terrace Mining, Other Types
2) By Mineral: Metallic Ore, Non-Metallic Ore, Coal Mining
3) By End User: Metal, Electric Power Industry, Manufacturing, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Surface Mining Market.
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Surface Mining Market Key Players
Major competitors in the Surface Mining Market include Perenti Global Limited, American Mine Services, Macmahon Holdings, BCM International Group, Laxyo Group, Mining Plus Pty Ltd., Technica Mining, Banks Group, Day Group, Goldcorp, Rio Tinto Group, BHP Billiton, Komatsu Ltd., Caterpillar Inc., Sandvik AB, Atlas Copco AB, Hitachi Construction Machinery Co. Ltd., and Coal India Limited
The Business Research Company's "Global Surface Mining Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Surface Mining Market Include:
1. Executive Summary
2. Surface Mining Market Characteristics
3. Surface Mining Market Trends And Strategies
4. Surface Mining - Macro Economic Scenario
5. Surface Mining Market Size And Growth
.......
26. Africa Surface Mining Market
27. Surface Mining Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Surface Mining Market
29. Surface Mining Market Future Outlook and Potential Analysis
30. Appendix
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