Mining Equipment Market Size and Share Statistics 2028

Mining equipment market is expected to gain a growth of USD 120.03 billion registering a CAGR of 5.75% in the forecast period of 2021 to 2028. 

Recent study report released by Data Bridge Market research titled Mining Equipment Market (covering USA, Europe, China, Japan, India, South East Asia and etc) that highlighting opportunities, risk analysis, and leveraged with strategic and tactical decision-making support.

Mining Equipment Market report endows with an exhaustive overview of product specification, technology, product type and production analysis considering major factors such as revenue, costing, and gross margin. The study encompasses market drivers and restraints by using SWOT analysis, along with their impact on the demand over the forecast period. Under market overview section, market drivers, market restraints, opportunities and challenges are also evaluated in this business report which gives helpful insights to businesses for taking right moves. Mining Equipment Marketing report provides clients with the information on their business scenario which helps to stay ahead of competition in today's speedily revolutionizing business environment.

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Market Analysis and Insights Global Mining Equipment Market

Mining equipment can be defined as the machinery that is used for the extraction of precious minerals, nutrients and materials from the surface or from underneath the surface of the earth. Due to the tough nature of the earth’s surface and underneath the surface as well, there is need for excavation of these materials for improved efficiency of the mining methods as compared to human labours.

Rising demand of metals and minerals worldwide is the main driving factor for the growth of mining equipment market. Presence of regulations and upcoming applicable regulations by the authorities is also a driving factor for the mining equipment market. Use of telematics in mining machinery is an opportunity for the growth of mining equipment market.

Growth of demand of used/pre-owned equipment due to emergence of unorganized miners is a challenge for the mining equipment market. However, concerns regarding the environments and humans is the main restraint for the growth of mining equipment market during the forecast period of 2021- 2028.

This mining equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research mining equipment market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Mining Equipment Market Scope and Market Size

Mining equipment market is segmented on the basis of equipment category, industry, propulsion, electric equipment type, autonomous equipment category. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Mining equipment market on the basis of equipment category has been segmented as crushing, pulverizing & screening equipment, drills & beakers, mineral processing equipment, surface mining equipment and underground mining equipment. Surface mining equipment is further segmented into articulated dump truck, crawler dozer, crawler excavator, motor grader and rigid dump truck. Underground mining equipment is further segmented into drills, electric shovels, hydraulic excavators, mining dozers, mining trucks and wheeled loaders.

• Based on industry, the mining equipment market has been segmented into coal, metal and minerals.

• On the basis of propulsion, the mining equipment market has been segmented into diesel, gasoline and CNG/LNG/Others.

• Based on electric equipment type, the mining equipment market is segmented into mining trucks and LHD.

• Based on autonomous equipment category, the mining equipment market is segmented into surface mining and underground mining.

Mining Equipment Market Country Level Analysis

Mining equipment market is analysed and market size, volume information is provided by country, equipment category, industry, propulsion, electric equipment type, autonomous equipment category as referenced above.

The countries covered in the mining equipment market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific will dominate the mining equipment market due to its abundant deposits and increasing commodity prices and this region offers a number of opportunities for the mining companies as there is significant scope for exploration of bauxite, iron ore, and coal, whereas North America will witness its growth rate due to advancement in automotive technology and the region is home to large deposits of copper, gold, and iron, which provides exploration opportunities.

Key points covered in the report: -

• The pivotal aspect considered in the global Mining Equipment Market report consists of the major competitors functioning in the global market.

• The report includes profiles of companies with prominent positions in the global market.

• The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

• The driving factors for the growth of the global Mining Equipment Market are thoroughly explained along with in-depth descriptions of the industry end users.

• The report also elucidates important application segments of the global market to readers/users.

• This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

• The experts also evaluate the export/import policies that might propel the growth of the Global Mining Equipment Market.

• The Global Mining Equipment Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Mining Equipment Market Landscape

Part 04: Global Mining Equipment Market Sizing

Part 05: Global Mining Equipment Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Reasons to Buy:

• Review the scope of the Mining Equipment Market with recent trends and SWOT analysis.

• Outline of market dynamics coupled with market growth effects in coming years.

• Mining Equipment Market segmentation analysis includes qualitative and quantitative research, including the impact of economic and non-economic aspects.

• Regional and country level analysis combining Mining Equipment Market and supply forces that are affecting the growth of the market.

• Market value data (millions of US dollars) and volume (millions of units) for each segment and sub-segment.

• and strategies adopted by the players in the last five years.

 

The major players covered in the mining equipment market report Caterpillar, AB Volvo, Komatsu Ltd., Sandvik AB, Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co. Ltd., Terex Corporation, Mining Machines JSC, Atlas Copco AB, SANY GROUP, Doosan Corporation, Equipment North Inc., RTM Equipment, DAKOTA EQUIPMENT MANUFACTURING INC., ASTEC INDUSTRIES INC., minemaster.eu, Konecranes, XCMG Group, BEML Limited, Hyundai Heavy Industries Co. Ltd., and AARD Mining Equipment among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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