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MINING EQUIPMENT MARKET Outlook, Opportunities and Projections (till 2019-20) ... Key Providers of Mining Equipment in India ... Split of coal and non-coal in surface mining (Rs billion) Projected market: Split of coal and non-coal in underground mining (Rs bil-lion)

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Surface mining equipment accounted for the maximum market share of around 31% in 2015, as they are extensively being used in application areas such as coal mining.

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There are 4,405 surface mining machine suppliers, mainly located in Asia. The top supplying countries are China (Mainland), South Korea, and Hong Kong, which supply 98%, 1%, and 1% of surface mining machine respectively. Surface mining machine products are most popular in Domestic Market, Southeast Asia, and North America.

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The surface mining equipment market holds the largest share and accounts for nearly 37% of the entire mining equipment market owing to the rising demand for metal and mineral commodities.

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The surface mining equipment segment accounted for a revenue share of over 40% in 2017 and is anticipated to grow further during the forecast period. Currently, almost all metallic and non-metallic minerals along with a larger fraction of coal are mined via surface mining methods, which is expected to provide an impetus to the segment growth.

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Traditional surface mining has left untold tons of minerals underground, simply because there was no way to get to it safely and efficiently. The Vermeer innovative Terrain Leveler ® surface excavation machines can work where explosives can't, with top-down cutting that lets you reach valuable mineral seams and get the most product out of the ground as possible.

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