Mining Equipment Market By Type (Mineral processing equipment, Surface mining equipment, Underground mining equipment, .Mining drills and breakers, Crushing, pulverizing, and screening equipment, Others), By APPLICATION (Metal mining, Mineral Mining, Coal mining), By SOLUTION (Products, Services): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global mining equipment market was valued at $122,274.0 million in 2020, and is projected to reach $200,892.3 million by 2032, registering a CAGR of 4.1%.Mining equipment is used for extraction of coal, minerals, and metals from earth. Mining is an important sector of the world economy and the main products extracted during mining include petroleum, coal, natural gas, and water, in addition to various substances such as uranium, diamond, stone, rock, various chemicals, and geologically deposited substances. Mining equipment includes mining drills, earth movers, crushing equipment, dump trucks, wheel loaders, motor graders, and scrapers.
The major factors that boost demand for mining equipment include increase in demand for underground mining equipment and surge in consumption of natural resources in electronics industry. Moreover, rise in need for mineral fertilizers to improve agricultural yield is expected to drive growth of the global mining equipment market. However, strict government regulations and environmental regulations on mining activities are anticipated to restrain growth of the global market. However, rise in demand for technologically advanced mining equipment is expected to provide lucrative opportunities for growth of the global market during the forecast period.
The global mining equipment market is segmented on the basis of equipment type, application, and region. By type, it is categorized into mineral processing equipment (portable and stationary), surface mining equipment (articulated dump truck, crawler dozer, crawler excavator, and others), underground mining equipment (hydraulic excavators, mining dozers, underground haulers, and others), mining drills & breakers, crushing, pulverizing, & screening equipment (stationary, portable), and others. By application, it is segmented into metal mining, mineral mining, and coal mining. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is anticipated to be the largest market for mining equipment during the forecast period. India, Australia, and China are expected to be the main revenue-generating countries in Asia-Pacific.
Competition Analysis
The companies profiled in the report are AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB.
Prominent vendors such as Caterpillar, Komatsu, and Volvo CE deal in advanced mining trucks to stimulate their market growth. For instance, articulated trucks by Caterpillar offers features such as automotive style comfort, simple operation, combined service points, and extended service intervals, thereby, letting users/miners to focus on work expending less time and capital on servicing.
Key Benefits For StakeholdersThe report provides an extensive analysis of the current and emerging global mining equipment market trends and dynamics.
In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive mining equipment market opportunity analysis of all the countries is also provided in the report.
The global mining equipment market forecast analysis from 2020 to 2027 is included in the report.
The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
Manufacturing Capacity
Consumer Buying Behavior Analysis
Product Life Cycles
Supply Chain Analysis & Vendor Margins
Upcoming/New Entrant by Regions
Technology Trend Analysis
Distributor margin Analysis
New Product Development/ Product Matrix of Key Players
Pain Point Analysis
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Per Capita Consumption Trends
Product Consumption Analysis
Reimbursement Scenario
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy TypeMineral processing equipment
Surface mining equipment
Underground mining equipment
.Mining drills and breakers
Crushing, pulverizing, and screening equipment
Others
By APPLICATIONMetal mining
Mineral Mining
Coal mining
By SOLUTIONProducts
Services
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersMetso Corporation
Liebherr-International AG
Doosan Corporation
Deere & Company
Hitachi, Ltd
KOMATSU Ltd
Sandvik AB
AB Volvo
Atlas Copco AB
Caterpillar Inc.
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