Coal Handling Equipment In The Mining Industry Market 2024-2028
The coal handling equipment in the mining industry market is forecasted to grow by USD 1212.8 mn during 2023-2028, accelerating at a CAGR of 2.1% during the forecast period. The report on the coal handling equipment in the mining industry market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for coal from end-user industries, growing use of automation in coal mining, and investments in new coal mining sites.
Technavio's coal handling equipment in the mining industry market is segmented as below:
- By Application
- Underground mining
- Surface mining
- Coal processing
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the electrification of mining equipment as one of the prime reasons driving the coal handling equipment in the mining industry market growth during the next few years. Also, developments in carbon capture and storage (CCU) and emerging trend of rental business in mining industry will lead to sizable demand in the market.
The report on the coal handling equipment in the mining industry market covers the following areas:
- Coal Handling Equipment In The Mining Industry Market sizing
- Coal Handling Equipment In The Mining Industry Market forecast
- Coal Handling Equipment In The Mining Industry Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading coal handling equipment in the mining industry market vendors that include AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Elecon Engineering Co. Ltd., Epiroc AB, FEECO International Inc., General Kinematics Corp., Hitachi Construction Machinery Co. Ltd., Hyundai Motor Co., KBR Inc., Komatsu Ltd., Liebherr International AG, N.M. Heilig B.V., RPM Solutions, Rubble Master HMH GmbH, Sandvik AB, Sany Group, Terex Corp., and Xuzhou Construction Machinery Group Co. Ltd.. Also, the coal handling equipment in the mining industry market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.