Summary

Mining Global Market Opportunities And Strategies To 2032 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global mining market as it emerges from the COVID-19 shut down.

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Description:
Where is the largest and fastest-growing market for mining? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The mining market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider mining market; and compares it with other markets.


The report covers the following chapters

•Introduction and Market Characteristics
Brief introduction to the segmentations covered in the market, defintions and explanations about the mining market.
•Product Analysis
The product analysis section of the report describes the leading products in the mining market along with key features and differentiators for those products.
•Supply Chain
The supply chain section of the report defines and explains the key players in the mining industry supply chain.
•Customer Information
This chapter covers recent customers’ trends/preferences in the global mining market.
•Key Trends
Highlights the major trends shaping the global mining market. This section also highlights likely future developments in the market.
•Global Market Size and Growth
Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
•Regional Analysis
Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
•Market Segmentation
Contains the market values (2017-2032) and analysis for each segment by type, by process and by service provider in the market.
•Regional Market Size and Growth
Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
•Competitive Landscape
Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
•Key Mergers and Acquisitions
Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
•Market Opportunities And Strategies
Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
•Conclusions And Recommendations
This section includes recommendations for mining providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
•Appendix
This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report

Scope:
Markets Covered:
1) By Type: Mining Support Activities; General Minerals; Stones; Copper, Nickel, Lead, And Zinc; Metal Ore; Coal, Lignite And Anthracite
a) By Mining Support Activities: Coal Mining Support Activities; Metal Mining Support Activities; Non-Metallic Minerals Mining Support Activities
b) By General Minerals: Potash; Salt; Magnesite; Sulfur; Kaolin; Asbestos; Feldspar; Boron, Gypsum; Talc; Graphite; Baryte; Bentonite; Diatomite; Lithium; Selenium; Perlite; Vermiculite; Arsenic; Diamond; Other General Minerals
c) By Stones: Dimension Stones; Crushed Stones
d) By Copper, Nickel, Lead And Zinc: Copper; Nickel; Lead And Zinc
e) By Metal Ore: Gold Ore; Iron Ore; Silver Ore; Uranium Ore; Vanadium Ore; All Other Metal Ores
f) By Coal, Lignite And Anthracite: Coal; Lignite; Anthracite
2) By Process: Underground Mining; Surface Mining
3) By Service Provider: Independent Contractors; Companies

Companies Mentioned: BHP Group Limited; Rio Tinto Group; Glencore plc; Vale S.A.; China Shenhua Energy Company Limited

Countries: Australia; China; Bangladesh; India; Indonesia; Japan; South Korea; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time-series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; mining indicators comparison.

Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.



This report describes and explains the mining market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global mining market reached a value of nearly $2,008.94 billion in 2022, having increased at a compound annual growth rate (CAGR) of 4.7% since 2017. The market is expected to grow from $2,008.94 billion in 2022 to $2,676.79 billion in 2027 at a rate of 5.9%. The market is then expected to grow at a CAGR of 5.7% from 2027 and reach $3,535.59 billion in 2032.

Growth in the historic period resulted from the technological advancements, an increase in investments in mining, favorable government policies, the use of renewable energy in mining and the rapid change in commodity prices. Factors that negatively affected growth in the historic period were the reduction in free trade, environmental challenges associated with coal and stone mining and the COVID-19 impact.

Going forward, a rise in infrastructure development, increasing merger and acquisition activities, increasing implementation of autonomous equipment and increasing construction activities will drive the market growth. Factors that could hinder the growth of the mining market in the future include mining accidents, a shortage of skilled workforce and the alternative sources for power generation.

The mining market is segmented by type into mining support activities, general minerals, stones, copper, nickel, lead, and zinc, metal ore and coal, lignite and anthracite. The coal, lignite and anthracite market was the largest segment of the mining market by type, accounting for $859.33 billion or 42.8% of the total market in 2022. The general minerals market is expected to be the fastest-growing segment going forward at a CAGR of 8.5%.

The mining support activities market is segmented by type into coal mining support activities, metal mining support activities and nonmetallic minerals mining support activities. The metal mining support activities market was the largest segment of the mining support activities market by type, accounting for $160.68 billion or 60.8% of the total market in 2022. The nonmetallic minerals mining support activities market is expected to be the fastest-growing segment going forward at a CAGR of 8.4%.

The general minerals market is segmented by type into potash, salt, magnesite, sulfur, kaolin, asbestos, feldspar, boron, gypsum, talc, graphite, baryte, bentonite, diatomite, lithium, selenium, perlite, vermiculite, arsenic, diamond and other general minerals. The salt market was the largest segment of the general minerals market by type, accounting for $38.43 billion or 20.3% of the total market in 2022. The perlite market is expected to be the fastest-growing segment going forward at a CAGR of 21.4%.

The stones market is segmented by type into dimension stones and crushed stones. The dimension stones market was the largest segment of the stones market by type, accounting for $8.13 billion or 68.3% of the total market in 2022. The crushed stones market is expected to be the fastest-growing segment going forward at a CAGR of 8.0%.

The copper, nickel, lead and zinc market is segmented by type into copper, nickel, lead and zinc. The copper market was the largest segment of the copper, nickel, lead and zinc market by type, accounting for $153.13 billion or 67.2% of the total market in 2022. The nickel market is expected to be the fastest-growing segment going forward at a CAGR of 9.6%.

The metal ore market is segmented by type into gold ore, iron ore, silver ore, uranium ore, vanadium ore and all other metal ores. The iron ore market was the largest segment of the metal ore market by type, accounting for $384.57 billion or 84.2% of the total market in 2022. The gold ore market is expected to be the fastest-growing segment going forward at a CAGR of 11.0%.

The coal, lignite and anthracite market is segmented by type into coal, lignite and anthracite. The coal market was the largest segment of the coal, lignite and anthracite market by type, accounting for $621.39 billion or 72.3% of the total market in 2022. The lignite market is expected to be the fastest-growing segment going forward at a CAGR of 4.9%.

The mining market is also segmented by process into underground mining and surface mining. The surface mining market was the largest segment of the mining market by process, accounting for $1,259.66 billion or 62.7% of the total market in 2022. The surface mining market is expected to be the fastest-growing segment going forward at a CAGR of 6.1%.

The mining market is also segmented by service provider into independent contractors and companies. The companies market was the largest segment of the mining market by service provider, accounting for $1,087.54 billion or 54.1% of the total market in 2022. The independent contractors market is expected to be the fastest-growing segment going forward at a CAGR of 6.5%.

Asia Pacific was the largest region in the mining market, accounting for 64.3% of the global market in 2022. It was followed by North America, Eastern Europe and the other regions. Going forward, the fastest growing regions in the mining market will be the Middle East and Western Europe, where growth will be at CAGRs of 13.7% and 6.9% respectively from 2022-2027.

The global mining market is slightly fragmented, with a large number of small players. The top ten competitors in the market made up to 17.49% of the total market in 2021. The market is expected to change in near future, with the adoption of acquisition and merger strategies by the players, to enter and expand into newer geographies for sales of products and services. BHP Group Limited was the largest competitor with 3.38% share of the market, followed by Rio Tinto Group with 2.53%, Glencore plc with 2.31%, Vale S.A. with 2.22%, China Shenhua Energy Company Limited with 1.93%, Anglo American plc with 1.87%, China Coal Energy Company Limited with 1.27%, Jiangxi Copper Corporation Limited with 0.73%, Yankuang Energy Group Company Limited with 0.69% and Zijin Mining Group Company Limited with 0.57%.

The top opportunities in the mining market by type will arise in the metal ore market, which will gain $212.2 billion of global annual sales by 2027. The top opportunities in the mining support activities market by type will arise in the metal mining support activities market, which will gain $71.1 billion of global annual sales by 2027. The top opportunities in the general minerals market by type will arise in the gypsum market, which will gain $20.8 billion of global annual sales by 2027. The top growth potential in the stones market by type will arise in the dimension stones market, which will gain $3.1 billion of global annual sales by 2027. The top opportunities in the copper, nickel, lead and zinc market by type will arise in the copper market, which will gain $74.2 billion of global annual sales by 2027. The top opportunities in the metal ore market by type will arise in the iron ore market, which will gain $175.2 billion of global annual sales by 2027. The top growth potential in the coal, lignite and anthracite market by type will arise in the coal market, which will gain $82.0 billion of global annual sales by 2027. The top opportunities in the mining market by process will arise in the surface mining market, which will gain $430.6 billion of global annual sales by 2027. The top opportunities in the mining market by service provider will arise in the independent contractors market, which will gain $340.0 billion of global annual sales by 2027. The mining market size will gain the most in China at $192.2 billion.

Market-trend-based strategies for the mining market include focus on use of LiDAR (light detection and ranging), drone technology, product innovations, launch of digital twin, use of 3D mine visualizers, battery-driven mining machinery and equipment, technological advancements, automated mining machinery and a rise in the use of telematics.

Player-adopted strategies in the mining industry include expanding business capabilities through strategic acquisitions, strengthening operational capabilities through strategic collaborations and partnerships, enhancing business operations through strategic investments and strengthening mining capabilities through technological advancements.

To take advantage of the opportunities, The Business Research Company recommends the mining companies to focus on lidar (light detection and ranging) technology, increase focus on drone technology, focus on technological advancements, focus on automated mining machinery, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events and continue to target major end-use industries.