Mining Equipment Market by Product Type (Drills & Breakers, Crushing, Pulverizing and Screening Equipment, Mineral Processing Machinery, Surface Mining Machinery Underground mining Machinery), by Application (Metal Mining Equipment, Minerals Mining Equipment, Coal Mining Equipment) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

The global mining equipment market is expected to see significant growth through the forecast period with improving economic conditions and the rising output of the mining sector. The market for mining equipment is also expected to see significant demand from the replacement market due to stringent energy consumption regulations, particularly in developed nations. In addition, rising domestic demand for metals and coal represents a positive outlook for mining equipment, particularly in emerging economies such as India, China, and others. These things should make more people want to buy mining equipment in the next six years.

The study provides an in-depth analysis of market influencing and inhibiting factors related to the mining equipment industry. The report also includes current and future market trends in the global as well as regional markets. In addition, this study provides exhaustive information on product development, pricing, and demand and supply trends. The study also includes high-level analysis such as market attractiveness, competitive, and PESTEL analysis to identify key investment areas in this market.

In addition, they provide market estimates and forecasts for different types of mining equipment in terms of both volumes (number of units sold) and revenue (US$ Bn). This market is segmented on the basis of product type, application, and region. The study also includes cross-sectional analysis on a regional basis, i.e., the regional market size by product and application. This study includes market estimates (2013 and 2014) and forecasts for the period 2015–2022 in terms of volume and revenue. The report also includes market estimates and forecasts of the mining equipment market for major countries.

The report profiles key mining equipment manufacturers in the global market. These profiles include detailed information about the product portfolios, business strategies, recent developments, and regional positioning of these manufacturers. The report also provides an in-depth analysis of the market competition, key market players' positioning, and their market-winning strategies.

We have analyzed the following types of mining equipment to estimate the market size of the global mining equipment market:

  • Drills & Breakers
  • Crushing, Pulverizing, and Screening Equipment
  • Mineral Processing Machinery
  • Surface Mining Machinery
  • Underground mining Machinery
  • Others

Surface mining equipment accounted for the largest revenue share in 2014. The demand for multifunctional surface mining equipment is growing steadily as this machinery reduces the need to buy supplementary machines such as crushing, excavators, and others. Rising demand for mining activities, along with increasing demand for sophisticated mining machinery, is expected to spur the demand for surface mining equipment, particularly from developing nations. Underground mining equipment is also expected to see significant growth through the forecast period, with stringent government regulations to improve mining safety. These mandatory regulations are forcing mining companies to deploy these practices at mining facilities. This is increasing the demand for underground mining equipment across the globe. In addition, improving economic conditions and the rising number of mining projects represent a positive outlook for crushing, pulverizing, and screening equipment.

The global mining equipment market is classified into the following categories:

By Product

  • Drills and Breakers
  • Crushing, pulverizing, and screening equipment
  • Mineral Processing Machinery
  • Surface Mining Machinery
  • Underground mining machinery
  • Others

By Application

  • Metal
  • Minerals
  • Coal

By Region

  • North America
  • US
  • The remainder of North America
  • Europe
  • EU7
  • CIS
  • The rest of Europe
  • Asia-Pacific (APAC)
  • India
  • China
  • Japan
  • Australia
  • Southeast Asia
  • The rest of APAC
  • Rest of the World
  • South America
  • Middle East
  • Africa

The global mining equipment market is classified into four major regions, i.e., North America, Europe, Asia Pacific, and the Rest of the World (RoW). The rest of the mining equipment market is further classified into South America, Africa, and the Middle East.

Asia-Pacific is the largest regional market and accounts for more than half of the revenue share in the global mining equipment market. China is the largest individual market for mining equipment. Rising demand for minerals and metals is expected to spur the demand for mining equipment in China throughout the forecast period. With rising output in the construction and manufacturing industries and government efforts to improve mining safety and mechanization, China is expected to see moderate demand for mining equipment over the next six years. Increasing investment in metal and coal mining by developing countries in the Asia Pacific, South America, Africa, and Eastern Europe is expected to drive the market's growth in the near future. India is expected to see the fastest growth for mining equipment with its growing metal and coal mining industries. The demand for mining equipment is expected to increase at a modest rate in North America and Western Europe, with improving economic conditions and a rebound in the construction industry in these regions. The U.S., UK, China, and several other countries have introduced mandatory regulations to reduce coal consumption for electricity production and are rapidly shifting towards solar, hydro, nuclear, and wind technologies.

Frequently asked questions :

The market for Mining Equipment Market is expected to reach US$ XX Mn by 2022.

The Mining Equipment Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2015-2022.

The base year of this report is 2021.

Atlas Copco AB, Caterpillar Inc., Hitachi Construction Machinery, Joy Global Inc, Volvo Mining Equipment AB,are some of the major players in the global market.

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Published Date:  May 2016
Category:  Mining, Minerals and Metals
Report ID:   57887
Report Format:   PDF
Pages:   120
Rating:    4.8 (50)
Delivery Time: 24 Hours to 48 Hours   
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