Learn about the global surface mining market through The Business Research Company, which provides information on surface mining market size, surface mining market drivers and restraints, surface mining market players, the COVID-19 impact on the surface mining market, and more.

The global surface mining market is expected to grow from $24.45 billion in 2021 to $26.43 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The global surface mining market size is expected to grow to $32.08 billion in 2026 at a CAGR of 5%.

The rise in construction projects is significantly contributing to the growth of the surface mining market.

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The surface mining market consists of sales of surface mining services by entities (organizations, sole traders, and partnerships) that are used to retrieve sand, stones, gravel, coal, iron, and other metals. Surface mining refers to the method of extracting minerals near the surface of the earth. It is the removal of the terrain surface to access minerals underneath. The most common surface mining methods are open-pit mining, drift mining, slope mining, contour mining, and auger mining.

Global Surface Mining Market Segments Include:

By Type: Strip Mining, Open Pit Mining, Terrace Mining, Others

By Mineral: Metallic Ore, Non-Metallic Ore, Coal Mining

By End User: Metal, Electric Power Industry, Manufacturing, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global surface mining market in 2021.

Strategic partnerships have emerged as a key trend gaining popularity in the surface mining market. Major companies operating in the surface mining market are looking for partnerships to strengthen their position in the market.

TBRC’s Surface Mining Market Report Covers:

Major Market Players: 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.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Surface Mining Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides surface mining market overviews, analyzes and forecasts market size, share, surface mining market players, surface mining market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s surface mining market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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