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 188.8.131.52. Market Size & Forecast 184.108.40.206.1. 220.127.116.11. 6.3.2. Market Share & Forecast 18.104.22.168.1. By Technology 22.214.171.124.2. By Metal India Marine Mining Market Outlook 126.96.36.199. Market Size & Forecast 188.8.131.52.1. 184.108.40.206. 6.3.3. By Value Market Share & Forecast 220.127.116.11.1. By Technology 18.104.22.168.2. By Metal Japan Marine Mining Market Outlook 22.214.171.124. Market Size & Forecast 126.96.36.199.1. 188.8.131.52. 6.3.4. By Value By Value Market Share & Forecast 184.108.40.206.1. By Technology 220.127.116.11.2. By Metal South Korea Marine Mining Market Outlook 18.104.22.168. Market Size & Forecast 22.214.171.124.1. 126.96.36.199. By Value Market Share & Forecast 188.8.131.52.1. By Technology 184.108.40.206.2. By Metal 4 Table of Contents S. No. Contents 6.3.5. Australia Marine Mining Market Outlook 220.127.116.11. Market Size & Forecast 18.104.22.168.1. 22.214.171.124. 7. Page No. By Value Market Share & Forecast 126.96.36.199.1. By Technology 188.8.131.52.2. 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 184.108.40.206. Market Size & Forecast 220.127.116.11.1. 18.104.22.168. By Value Market Share & Forecast 22.214.171.124.1. By Technology 126.96.36.199.2. By Metal 5 Table of Contents S. No. Contents 7.3.2. Mexico Marine Mining Market Outlook 188.8.131.52. Market Size & Forecast 184.108.40.206.1. 220.127.116.11. 7.3.3. By Value Market Share & Forecast 18.104.22.168.1. By Technology 22.214.171.124.2. By Metal Canada Marine Mining Market Outlook 126.96.36.199. Market Size & Forecast 188.8.131.52.1. 184.108.40.206. 8. Page No. By Value Market Share & Forecast 220.127.116.11.1. By Technology 18.104.22.168.2. 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 22.214.171.124. Market Size & Forecast 126.96.36.199.1. 188.8.131.52. 8.3.2. Market Share & Forecast 184.108.40.206.1. By Technology 220.127.116.11.2. By Metal Market Size & Forecast 18.104.22.168.1. 22.214.171.124. By Value Market Share & Forecast 126.96.36.199.1. By Technology 188.8.131.52.2. By Metal Germany Marine Mining Market Outlook 184.108.40.206. Market Size & Forecast 220.127.116.11.1. 18.104.22.168. 8.3.4. By Value United Kingdom Marine Mining Market Outlook 22.214.171.124. 8.3.3. Page No. By Value Market Share & Forecast 126.96.36.199.1. By Technology 188.8.131.52.2. By Metal France Marine Mining Market Outlook 7 Table of Contents S. No. Contents 184.108.40.206. Market Size & Forecast 220.127.116.11.1. 18.104.22.168. 8.3.5. Market Share & Forecast 22.214.171.124.1. By Technology 126.96.36.199.2. By Metal Market Size & Forecast 188.8.131.52.1. 184.108.40.206. By Value Market Share & Forecast 220.127.116.11.1. By Technology 18.104.22.168.2. By Metal Spain Marine Mining Market Outlook 22.214.171.124. Market Size & Forecast 126.96.36.199.1. 188.8.131.52. 9. By Value Norway Marine Mining Market Outlook 184.108.40.206. 8.3.6. Page No. By Value Market Share & Forecast 220.127.116.11.1. By Technology 18.104.22.168.2. 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 22.214.171.124. Market Size & Forecast 126.96.36.199.1. 188.8.131.52. 9.3.2. Market Share & Forecast 184.108.40.206.1. By Technology 220.127.116.11.2. By Metal Argentina Marine Mining Market Outlook 18.104.22.168. Market Size & Forecast 22.214.171.124.1. 126.96.36.199. 9.3.3. By Value By Value Market Share & Forecast 188.8.131.52.1. By Technology 184.108.40.206.2. By Metal Chile Marine Mining Market Outlook 220.127.116.11. Market Size & Forecast 18.104.22.168.1. 22.214.171.124. By Value Market Share & Forecast 126.96.36.199.1. By Technology 188.8.131.52.2. 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 184.108.40.206.1. 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 Custom Research License $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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