MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
2014 – 2024
GLOBAL MARINE MINING MARKET
FORECAST & OPPORTUNITIES
2
Scope of ReportProduct of Interest (POI): Marine Mining
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
Year RangeMARINE MINING MARKET TECHNOLOGY REGION
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
• Remotely Operated
Vehicles [ROVs]
• SONAR
• Marine Seismic
Methods
Global marine mining market is expected to grow at a CAGR of 30% during the forecastperiod. Marine mining or remote ocean mining is the process of retrieving mineral depositsfrom the sea and the area of the ocean below 200 meters. Rise in industrialization, growingdisposable income and increase in demand for durable goods such as automobiles andhousehold equipment with high mineral or metal content are projected to propel the growthof global marine mining market.
Market Segmentation
METAL
• Silver
• Gold
• Copper
• Zinc
• Others
3
Table of Contents
S. No. Contents Page No.
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. By Value
5.2. 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)
5.3. Market Attractiveness Index
6. Asia Pacific Marine Mining Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Technology
6.2.2. By Metal
6.2.3. By Country
4
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S. No. Contents Page No.
6.3. Asia Pacific: Country Analysis
6.3.1. China Marine Mining Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Technology
6.3.1.2.2. By Metal
6.3.2. India Marine Mining Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Technology
6.3.2.2.2. By Metal
6.3.3. Japan Marine Mining Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Technology
6.3.3.2.2. By Metal
6.3.4. South Korea Marine Mining Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Technology
6.3.4.2.2. By Metal
5
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6.3.5. Australia Marine Mining Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Technology
6.3.5.2.2. By Metal
7. North America Marine Mining Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Metal
7.2.3. By Country
7.3. 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. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Technology
7.3.1.2.2. By Metal
6
Table of Contents
S. No. Contents Page No.
7.3.2. Mexico Marine Mining Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Technology
7.3.2.2.2. By Metal
7.3.3. Canada Marine Mining Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Technology
7.3.3.2.2. By Metal
8. Europe Marine Mining Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Metal
8.2.3. By Country
8.3. Europe: Country Analysis
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Table of Contents
S. No. Contents Page No.
8.3.1. Russia Marine Mining Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Technology
8.3.1.2.2. By Metal
8.3.2. United Kingdom Marine Mining Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Technology
8.3.2.2.2. By Metal
8.3.3. Germany Marine Mining Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Technology
8.3.3.2.2. By Metal
8.3.4. France Marine Mining Market Outlook
8
Table of Contents
S. No. Contents Page No.
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Technology
8.3.4.2.2. By Metal
8.3.5. Norway Marine Mining Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Technology
8.3.5.2.2. By Metal
8.3.6. Spain Marine Mining Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Technology
8.3.6.2.2. By Metal
9. South America Marine Mining Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Technology
9.2.2. By Metal
9.2.3. By Country
9
Table of Contents
S. No. Contents Page No.
9.3. South America: Country Analysis
9.3.1. Brazil Marine Mining Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Technology
9.3.1.2.2. By Metal
9.3.2. Argentina Marine Mining Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Technology
9.3.2.2.2. By Metal
9.3.3. Chile Marine Mining Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Technology
9.3.3.2.2. By Metal
10
Table of Contents
S. No. Contents Page No.
10. Middle East & Africa Marine Mining Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Technology
10.2.2. By Metal
10.2.3. By Country
10.3. MEA: Country Analysis
10.3.1. Saudi Arabia Marine Mining Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Technology
10.3.1.2.2. By Metal
10.3.2. UAE Marine Mining Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
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S. No. Contents Page No.
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Technology
10.3.2.2.2. By Metal
10.3.3. South Africa Marine Mining Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Technology
10.3.3.2.2. By Metal
10.3.4. Egypt Marine Mining Market Outlook
10.3.4.1. Market Size & Forecast
11.4.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Technology
10.3.4.2.2. By Metal
11. Market Dynamics
11.1. Drivers
12
Table of Contents
S. No. Contents Page No.
11.2. Challenges
12. Market Trends and Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
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
13.3. 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
RESEARCH METHODOLOGY
14
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the global marine mining
market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary
and secondary research was
validated through rigorous
triangulation.
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.
Data
Collection
Data Filter
& AnalysisResearch &
Intelligence
Actionable
InsightsBusiness
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
15
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 2014-
2018.
16
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
17
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
▪ China Minmetals Corporation
▪ Diamond Fields Resources Inc.
▪ Royal IHC
▪ UK Seabed Resources Ltd.
▪ Nautilus Minerals Inc.
▪ Neptune Minerals, Inc
▪ Ocean Minerals, LLC
▪ Soil Machine Dynamics Ltd.
▪ Deep Green Metals Inc.
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
18
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.
19
Sample Data - Snapshot
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2014 2018 2019E 2024F
2014
2018 2019E
2024F
Global Marine Mining Market Size, By Value (USD Million), 2014–2024F
CAGR By Value:
XX%CAGR By Value:
YY%
33%33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
34%34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
33%33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
2014
2015
2016
2017
2018
2019E
2020F
2021F
2022F
2023F
2024F
Remotely Operated Vehicles [ROVs] SONAR Marine Seismic Methods
Europe Marine Mining Market Share, By Technology, By Value, 2014–2024F
Germany Marine Mining Market Share, By Metal, By Value, 2014–2024F
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%
20%20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
2014
2015
2016
2017
2018
2019E
2020F
2021F
2022F
2023F
2024F
Silver Gold Copper Zinc Others
20
Report Ordering
Report Name: GLOBAL MARINE MINING MARKET
FORECAST & OPPORTUNITIES2014 – 2024
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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
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