2014 – 2024
GLOBAL MARINE MINING MARKET
FORECAST & OPPORTUNITIES
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING
Scope of Report
Product of Interest (POI): Marine Mining
Global marine mining market is expected to grow at a CAGR of 30% during the forecast
period. Marine mining or remote ocean mining is the process of retrieving mineral deposits
from the sea and the area of the ocean below 200 meters. Rise in industrialization, growing
disposable income and increase in demand for durable goods such as automobiles and
household equipment with high mineral or metal content are projected to propel the growth
of global marine mining market.
Market Segmentation
MARINE MINING MARKET
TECHNOLOGY
Remotely Operated
•
Vehicles [ROVs]
•
SONAR
•
Marine Seismic
Methods
REGION
•
North America
•
Europe
•
Asia-Pacific
•
South America
•
Middle East & Africa
Year Range
Review Period
2014 – 2017
Base Year
2018
METAL
•
Silver
•
Gold
•
Copper
•
Zinc
•
Others
Estimated Year
2019
Forecast Period
2020 – 2024
2
Table of Contents
S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Executive Summary
4.
Voice of Customer
5.
Global Marine Mining Market Outlook
5.1.
Market Size & Forecast
5.1.1.
5.2.
5.3.
6.
Page No.
By Value
Market Share & Forecast
5.2.1.
By Technology (Remotely Operated Vehicles [ROVs], SONAR, Marine Seismic
Methods)
5.2.2.
By Metal (Silver, Gold, Copper, Zinc & Others)
5.2.3.
By Region
5.2.4.
By Company (2018)
Market Attractiveness Index
Asia Pacific Marine Mining Market Outlook
6.1.
Market Size & Forecast
6.1.1.
6.2.
By Value
Market Share & Forecast
6.2.1.
By Technology
6.2.2.
By Metal
6.2.3.
By Country
3
Table of Contents
S. No.
Contents
6.3.
Page No.
Asia Pacific: Country Analysis
6.3.1.
China Marine Mining Market Outlook
6.3.1.1.
Market Size & Forecast
6.3.1.1.1.
6.3.1.2.
6.3.2.
Market Share & Forecast
6.3.1.2.1.
By Technology
6.3.1.2.2.
By Metal
India Marine Mining Market Outlook
6.3.2.1.
Market Size & Forecast
6.3.2.1.1.
6.3.2.2.
6.3.3.
By Value
Market Share & Forecast
6.3.2.2.1.
By Technology
6.3.2.2.2.
By Metal
Japan Marine Mining Market Outlook
6.3.3.1.
Market Size & Forecast
6.3.3.1.1.
6.3.3.2.
6.3.4.
By Value
By Value
Market Share & Forecast
6.3.3.2.1.
By Technology
6.3.3.2.2.
By Metal
South Korea Marine Mining Market Outlook
6.3.4.1.
Market Size & Forecast
6.3.4.1.1.
6.3.4.2.
By Value
Market Share & Forecast
6.3.4.2.1.
By Technology
6.3.4.2.2.
By Metal
4
Table of Contents
S. No.
Contents
6.3.5.
Australia Marine Mining Market Outlook
6.3.5.1.
Market Size & Forecast
6.3.5.1.1.
6.3.5.2.
7.
Page No.
By Value
Market Share & Forecast
6.3.5.2.1.
By Technology
6.3.5.2.2.
By Metal
North America Marine Mining Market Outlook
7.1.
Market Size & Forecast
7.1.1.
7.2.
7.3.
By Value
Market Share & Forecast
7.2.1.
By Technology
7.2.2.
By Metal
7.2.3.
By Country
North America: Country Analysis
7.3.1.
United States Marine Mining Market Outlook
7.3.1.1.
Market Size & Forecast
7.3.1.1.1.
7.3.1.2.
By Value
Market Share & Forecast
7.3.1.2.1.
By Technology
7.3.1.2.2.
By Metal
5
Table of Contents
S. No.
Contents
7.3.2.
Mexico Marine Mining Market Outlook
7.3.2.1.
Market Size & Forecast
7.3.2.1.1.
7.3.2.2.
7.3.3.
By Value
Market Share & Forecast
7.3.2.2.1.
By Technology
7.3.2.2.2.
By Metal
Canada Marine Mining Market Outlook
7.3.3.1.
Market Size & Forecast
7.3.3.1.1.
7.3.3.2.
8.
Page No.
By Value
Market Share & Forecast
7.3.3.2.1.
By Technology
7.3.3.2.2.
By Metal
Europe Marine Mining Market Outlook
8.1.
Market Size & Forecast
8.1.1.
8.2.
8.3.
By Value
Market Share & Forecast
8.2.1.
By Technology
8.2.2.
By Metal
8.2.3.
By Country
Europe: Country Analysis
6
Table of Contents
S. No.
Contents
8.3.1.
Russia Marine Mining Market Outlook
8.3.1.1.
Market Size & Forecast
8.3.1.1.1.
8.3.1.2.
8.3.2.
Market Share & Forecast
8.3.1.2.1.
By Technology
8.3.1.2.2.
By Metal
Market Size & Forecast
8.3.2.1.1.
8.3.2.2.
By Value
Market Share & Forecast
8.3.2.2.1.
By Technology
8.3.2.2.2.
By Metal
Germany Marine Mining Market Outlook
8.3.3.1.
Market Size & Forecast
8.3.3.1.1.
8.3.3.2.
8.3.4.
By Value
United Kingdom Marine Mining Market Outlook
8.3.2.1.
8.3.3.
Page No.
By Value
Market Share & Forecast
8.3.3.2.1.
By Technology
8.3.3.2.2.
By Metal
France Marine Mining Market Outlook
7
Table of Contents
S. No.
Contents
8.3.4.1.
Market Size & Forecast
8.3.4.1.1.
8.3.4.2.
8.3.5.
Market Share & Forecast
8.3.4.2.1.
By Technology
8.3.4.2.2.
By Metal
Market Size & Forecast
8.3.5.1.1.
8.3.5.2.
By Value
Market Share & Forecast
8.3.5.2.1.
By Technology
8.3.5.2.2.
By Metal
Spain Marine Mining Market Outlook
8.3.6.1.
Market Size & Forecast
8.3.6.1.1.
8.3.6.2.
9.
By Value
Norway Marine Mining Market Outlook
8.3.5.1.
8.3.6.
Page No.
By Value
Market Share & Forecast
8.3.6.2.1.
By Technology
8.3.6.2.2.
By Metal
South America Marine Mining Market Outlook
9.1.
Market Size & Forecast
9.1.1.
9.2.
By Value
Market Share & Forecast
9.2.1.
By Technology
9.2.2.
By Metal
9.2.3.
By Country
8
Table of Contents
S. No.
Contents
9.3.
Page No.
South America: Country Analysis
9.3.1.
Brazil Marine Mining Market Outlook
9.3.1.1.
Market Size & Forecast
9.3.1.1.1.
9.3.1.2.
9.3.2.
Market Share & Forecast
9.3.1.2.1.
By Technology
9.3.1.2.2.
By Metal
Argentina Marine Mining Market Outlook
9.3.2.1.
Market Size & Forecast
9.3.2.1.1.
9.3.2.2.
9.3.3.
By Value
By Value
Market Share & Forecast
9.3.2.2.1.
By Technology
9.3.2.2.2.
By Metal
Chile Marine Mining Market Outlook
9.3.3.1.
Market Size & Forecast
9.3.3.1.1.
9.3.3.2.
By Value
Market Share & Forecast
9.3.3.2.1.
By Technology
9.3.3.2.2.
By Metal
9
Table of Contents
S. No.
10.
Contents
Page No.
Middle East & Africa Marine Mining Market Outlook
10.1.
Market Size & Forecast
10.1.1.
10.2.
10.3.
By Value
Market Share & Forecast
10.2.1.
By Technology
10.2.2.
By Metal
10.2.3.
By Country
MEA: Country Analysis
10.3.1.
Saudi Arabia Marine Mining Market Outlook
10.3.1.1.
Market Size & Forecast
10.3.1.1.1.
10.3.1.2.
10.3.2.
By Value
Market Share & Forecast
10.3.1.2.1.
By Technology
10.3.1.2.2.
By Metal
UAE Marine Mining Market Outlook
10.3.2.1.
Market Size & Forecast
10.3.2.1.1.
By Value
10
Table of Contents
S. No.
Contents
10.3.2.2.
10.3.3.
Market Share & Forecast
10.3.2.2.1.
By Technology
10.3.2.2.2.
By Metal
South Africa Marine Mining Market Outlook
10.3.3.1.
Market Size & Forecast
10.3.3.1.1.
10.3.3.2.
10.3.4.
By Value
Market Share & Forecast
10.3.3.2.1.
By Technology
10.3.3.2.2.
By Metal
Egypt Marine Mining Market Outlook
10.3.4.1.
Market Size & Forecast
11.4.4.1.1.
10.3.4.2.
11.
Page No.
By Value
Market Share & Forecast
10.3.4.2.1.
By Technology
10.3.4.2.2.
By Metal
Market Dynamics
11.1.
Drivers
11
Table of Contents
S. No.
Contents
11.2.
Challenges
12.
Market Trends and Developments
13.
Competitive Landscape
13.1.
Competition Outlook
13.2.
Company Profiles
13.3.
Page No.
13.2.1.
Company Details
13.2.2.
Financials (As reported)
13.2.3.
Key Market Focus and Geographical Presence
13.2.4.
Pricing of Target Products
13.2.5.
Market positioning
Global Players Profiled (Leading Companies)
13.3.1.
Keppel Corporation Limited
13.3.2.
China Minmetals Corporation
13.3.3.
Diamond Fields Resources Inc.
13.3.4.
Royal IHC
13.3.5.
UK Seabed Resources Ltd.
13.3.6.
Nautilus Minerals Inc.
13.3.7.
Neptune Minerals, Inc
13.3.8.
Ocean Minerals, LLC
13.3.9.
Soil Machine Dynamics Ltd.
13.3.10.
Deep Green Metals Inc.
14.
Strategic Recommendations
15.
About Us and Disclaimer
12
RESEARCH METHODOLOGY
Research Methodology
Market
Profiling
In-depth secondary
research was conducted to
determine top players in
the global marine mining
market, overall market size
and segmental market size.
Formulating
Questionnaire
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
Developing List
of Respondents
Data
Collection
Data
Validation
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
List of industry
players and industry
specialists was
developed.
Primary Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Desk Research
✓ Identifying Key Opinion
Leaders
Business
Solution
✓ Questionnaire Design
✓
✓
LinkedIn
TechSci Internal
Database
✓
✓
✓
✓
✓
Company Websites
Company Annual
Reports
White Paper Study
Financial Reports
Investor
Presentations
Regulatory Body
Associations, etc.
Company Analysis
✓ Recent Developments
✓ Market Participants
✓ Market Changing
Aspects/Dynamics
✓ Key Strengths
✓ Final Conclusion
Secondary
Research
✓
✓
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global marine mining
market.
✓ Government Policies
✓ In-depth Interviews
Primary Research
Data
Analysis
Paid Sources
✓
✓
Factiva
Hoovers
14
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global marine mining market. The team has analyzed the
outlook of various segments of this market, while considering the major influencing factors such as increase in demand for durable goods such as
automobiles. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in global Marine Mining market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as marine mining companies, channel partners, market
influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 marine mining companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and
other value chain stakeholders in the global Marine Mining market to obtain the overall market size from 2014 to 2018, which was validated by the
Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 20142018.
15
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by technology, by metal, by region and by company.
Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments
were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other
stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by technology, by metal, by region and by company were calculated based on the responses received through primary surveys with
industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of marine mining
market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the
outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global Marine
Mining market , TechSci Research used various forecast techniques such as:
✓
Moving Average
✓
Time Series Analysis
✓
Regression Analysis
✓
Econometric and Judgmental Analysis
16
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),
with the market size indicated in USD million.
Partial List of Companies Interviewed
Key Secondary Sources
▪ Keppel Corporation Limited
▪ World Bank
▪ China Minmetals Corporation
▪ TechSci Research Proprietary Database & Knowledge
▪ Diamond Fields Resources Inc.
Repository
▪ Royal IHC
▪ Company Annual Reports
▪ UK Seabed Resources Ltd.
▪ Industry Magazines
▪ Nautilus Minerals Inc.
▪ Industry Reports
▪ Neptune Minerals, Inc
▪ News Dailies
▪ Ocean Minerals, LLC
▪ Credible Paid Databases
▪ Soil Machine Dynamics Ltd.
▪ Deep Green Metals Inc.
17
Industry Brief
According to TechSci Research report, “Global Marine Mining Market By Technology, By Metal, By Region, Competition, Forecast & Opportunities,
2024”, the global marine mining market is expected to grow at a CAGR of around 30% during the forecast period. The marine mining market is
witnessing robust growth on account of growing demand for durable goods and precious metals such as gold, silver and platinum. However, rising
environmental concerns and stringent government rules associated with seabed exploration are likely to pose a challenge to the market players during
forecast period.
The global marine mining market is segmented based on technology, metal, region and company. Based on technology, the market can be categorized
into Remotely Operated Vehicles [ROVs], SONAR, Marine Seismic Methods. The remotely operated vehicles [ROVs] segment dominates the market
owing to their use in ocean exploration studies and other scientific purposes. Based on metals, the market can be segmented into Silver, Gold, Copper,
Zinc & Others. The Gold segmented is projected to register the highest CAGR during the forecast period attributable to the use of gold in jewellery
making, in watches, in dentistry & medicine, among others.
China Minmetals Corporation, UK Seabed Resources Ltd., Diamond Fields Resources Inc., Keppel Corporation Limited, Nautilus Minerals Inc.,
Neptune Minerals, Inc, Ocean Minerals, LLC, Soil Machine Dynamics Ltd., Royal IHC, Deep Green Metals Inc., etc., are some of the leading players
operating in global marine mining market. “Asia Pacific is expected to be the largest market during the forecast period, owing to the increase in demand
from the construction, shipbuilding and electronics industry. Moreover, the bounteous accessibility of gold, copper, and different metals in the seaward
islands of Australia is drawing in numerous marine mining hardware makers to deploy their resources in the region.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.
18
Sample Data - Snapshot
Global Marine Mining Market Size, By Value (USD Million), 2014–2024F
5.00
2014
7.00
6.00
8.00
CAGR By Value:
XX%
11.00
9.00
10.00
2018
2019E
CAGR By Value:
2019E
15.00
2024F
YY%
2014
2018
14.00
13.00
12.00
2024F
Europe Marine Mining Market Share, By Technology, By Value, 2014–2024F
Remotely Operated Vehicles [ROVs]
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
2024F
2023F
2022F
2021F
2020F
2019E
2018
2017
2016
2015
2014
Silver
2024F
2023F
2022F
2021F
2020F
2019E
2018
2017
2016
2015
2014
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
SONAR
Marine Seismic Methods
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
Germany Marine Mining Market Share, By Metal, By Value, 2014–2024F
Gold
Copper
Zinc
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
Others
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
19
Report Ordering
Report Name: GLOBAL MARINE MINING MARKET
FORECAST & OPPORTUNITIES
2014 – 2024
License Type
Price
Single User License
$4450
Multi-User License
$5450
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$9450
To View Sample OR Purchase Report
20
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.