mining equioments market

mining equipment market size,share, applications, growth 2027

mining equipment market size,share, applications, growth 2027

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The global mining equipment market size was valued at $121,694.3 million in 2019, and is expected to reach $165,827.8 million by 2027, growing at a CAGR of 5.7% from 2020 to 2027. Mining equipment are used for extraction of geological materials, such as copper, nickel, cobalt, gold, silver, lead, zinc, iron, diamond, platinum, and others, from the surface or under the earth. These equipment or machines perform digging, drilling, and loading activities in the mining industry. Caterpillar, Komatsu, Liebherr-International AG, and Metso Corporation are some of the leading key players of the mining equipment industry.

Mining equipment include mining drills and tools, earth movers, crushing equipment and machines, feeding & conveying equipment, and others. Metals and minerals are extracted from the ground with help of computerized remote-controlled equipment, high-technology operations, and complex machinery. Mining activity may vary according to the type of metals and minerals to be extracted from the earth. There are basically two types of mining processes, namely, surface mining and underground mining, each mining process involves different machinery as per applications. Apart from digging, there are other activities such as milling, smelting, refining involved in mining.

The mining equipment market size is on the rise, owing to increase in mining activities for extraction of metals and minerals from the ground to deal with the rise in demand for metals and mineral commodities. Furthermore, adoption of various technologies such as automation and IoT is reducing labor cost and operational time associated with mining activities, this, in turn, is expected to increase the demand for innovative mining equipment. In addition, growth in consumption of natural resources, such as coal, diamond, and uranium, and rise in need for mineral fertilizers to improve agricultural yield are major factors expected to increase demand for the global mining equipment. However, stringent government regulations such as environmental concerns, safety standards, emission norms, and import regulations are expected to hinder growth of the market.

Increase in use of coal for heating & electricity generation and rise in construction of roads & railway tracks through hilly areas are expected to fuel the demand for mining activities in emerging countries such as India and China. Moreover, robotic machines and drilling technology minimizes human intervention, thereby, increasing workplace safety. These factors are also expected to propel growth of the global mining equipment market. However, increase in prices of raw materials is anticipated to restrain growth of the global market.

The novel coronavirus is rapidly spreading across various countries and regions, causing enormous impact on lives of people and overall community. Originating as a crisis to human health, it now poses significant threats to the worldwide trade, economy, and finance. In addition, COVID-19 pandemic has shut-down production of various types of mining equipment, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Latin America. This has hampered growth of the mining equipment market significantly from past few months, which is likely to continue during 2020. Further, this pandemic has already negatively influenced sales of mining equipment in the first quarter of 2020, and is expected to create a negative impact on growth of the mining equipment market throughout the year.

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.

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. Many competitors in the mining equipment market adopted acquisition and business expansion as their key developmental strategies to develop their geographical foothold and promote their product technologies. For instance, in June 2020, Caterpillar Inc., acquired Marble Robot, Inc, a robot and autonomy technology solution company based in California.

3.5.6.COAL MINING EQUIPMENT MARKET3.5.7.METAL MINING EQUIPMENT MARKET3.5.8.MINERAL MINING EQUIPMENT3.5.9.NORTH AMERICA MINING EQUIPMENT3.5.10.EUROPE MINING EQUIPMENT3.5.11.ASIA-PACIFIC MINING EQUIPMENT3.5.12.LAMEA MINING EQUIPMENT

6.2.2.1.NORTH AMERICA MINING EQUIPMENT MARKET REVENUE, BY SUB-TYPE6.2.2.1.1.MARKET SIZE AND FORECAST FOR MINERAL PROCESSING EQUIPMENT, BY SUB-TYPE6.2.2.1.2.MARKET SIZE AND FORECAST FOR SURFACE MINING EQUIPMENT, BY SUB-TYPE6.2.2.1.3.MARKET SIZE AND FORECAST FOR UNDERGROUND MINING EQUIPMENT, BY SUB-TYPE6.2.2.1.4.MARKET SIZE AND FORECAST FOR MINING DRILLS & BREAKERS EQUIPMENT, BY SUB-TYPE6.2.2.1.5.MARKET SIZE AND FORECAST FOR CRUSHING, PULVERIZING, & SCREENING EQUIPMENT, BY SUB-TYPE

6.3.2.1.1.MARKET SIZE AND FORECAST FOR MINERAL PROCESSING EQUIPMENT, BY SUB-TYPE6.3.2.1.2.MARKET SIZE AND FORECAST FOR SURFACE MINING EQUIPMENT, BY SUB-TYPE6.3.2.1.3.MARKET SIZE AND FORECAST FOR UNDERGROUND MINING EQUIPMENT, BY SUB-TYPE6.3.2.1.4.MARKET SIZE AND FORECAST FOR MINING DRILLS & BREAKERS EQUIPMENT, BY SUB-TYPE6.3.2.1.5.MARKET SIZE AND FORECAST FOR CRUSHING, PULVERIZING, & SCREENING EQUIPMENT, BY SUB-TYPE

6.4.2.1.1.MARKET SIZE AND FORECAST FOR MINERAL PROCESSING EQUIPMENT, BY SUB-TYPE6.4.2.1.2.MARKET SIZE AND FORECAST FOR SURFACE MINING EQUIPMENT, BY SUB-TYPE6.4.2.1.3.MARKET SIZE AND FORECAST FOR UNDERGROUND MINING EQUIPMENT, BY SUB-TYPE6.4.2.1.4.MARKET SIZE AND FORECAST FOR MINING DRILLS & BREAKERS EQUIPMENT, BY SUB-TYPE6.4.2.1.5.MARKET SIZE AND FORECAST FOR CRUSHING, PULVERIZING, & SCREENING EQUIPMENT, BY SUB-TYPE

6.5.2.1.1.MARKET SIZE AND FORECAST FOR MINERAL PROCESSING EQUIPMENT, BY SUB-TYPE6.5.2.1.2.MARKET SIZE AND FORECAST FOR SURFACE MINING EQUIPMENT, BY SUB-TYPE6.5.2.1.3.MARKET SIZE AND FORECAST FOR UNDERGROUND MINING EQUIPMENT, BY SUB-TYPE6.5.2.1.4.MARKET SIZE AND FORECAST FOR MINING DRILLS & BREAKERS EQUIPMENT, BY SUB-TYPE6.5.2.1.5.MARKET SIZE AND FORECAST FOR CRUSHING, PULVERIZING, & SCREENING EQUIPMENT, BY SUB-TYPE

7.1.1.COMPANY OVERVIEW7.1.2.KEY EXECUTIVES7.1.3.COMPANY SNAPSHOT7.1.4.OPERATING BUSINESS SEGMENTS7.1.5.PRODUCT PORTFOLIO7.1.6.R&D EXPENDITURE7.1.7.BUSINESS PERFORMANCE7.1.8.KEY STRATEGIC MOVES AND DEVELOPMENTS

7.2.1.COMPANY OVERVIEW7.2.2.KEY EXECUTIVES7.2.3.COMPANY SNAPSHOT7.2.4.OPERATING BUSINESS SEGMENTS7.2.5.PRODUCT PORTFOLIO7.2.6.R&D EXPENDITURE7.2.7.BUSINESS PERFORMANCE7.2.8.KEY STRATEGIC MOVES AND DEVELOPMENTS

TABLE 01.GLOBAL MINING EQUIPMENT MARKET, BY TYPE, 20192027 ($MILLION)TABLE 02.MINERAL PROCESSING EQUIPMENT MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 03.MINING EQUIPMENT MARKET REVENUE, FOR MINERAL PROCESSING, BY TYPE, 20192027 ($MILLION)TABLE 04.MINING EQUIPMENT MARKET REVENUE, FOR STATIONARY, BY REGION, 20192027 ($MILLION)TABLE 05.MINING EQUIPMENT MARKET REVENUE, FOR PORTABLE, BY REGION, 20192027 ($MILLION)TABLE 06.SURFACE MINING EQUIPMENT MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 07.SURFACE MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20192027 ($MILLION)TABLE 08.SURFACE MINING EQUIPMENT MARKET REVENUE, FOR ARTICULATED DUMP TRUCK, BY REGION, 20192027 ($MILLION)TABLE 09.SURFACE MINING EQUIPMENT MARKET REVENUE, FOR CRAWLER DOZER, BY REGION, 20192027 ($MILLION)TABLE 10.SURFACE MINING EQUIPMENT MARKET REVENUE, FOR CRAWLER EXCAVATOR, BY REGION, 20192027 ($MILLION)TABLE 11.SURFACE MINING EQUIPMENT MARKET REVENUE, FOR OTHERS, BY REGION, 20192027 ($MILLION)TABLE 12.UNDERGROUND MINING EQUIPMENT MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 13.UNDERGROUND MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20192027 ($MILLION)TABLE 14.UNDERGROUND MINING EQUIPMENT MARKET REVENUE, FOR HYDRAULIC EXCAVATORS, BY REGION, 20192027 ($MILLION)TABLE 15.UNDERGROUND MINING EQUIPMENT MARKET REVENUE, FOR MINING DOZERS, BY REGION, 20192027 ($MILLION)TABLE 16.UNDERGROUND MINING EQUIPMENT MARKET REVENUE, FOR UNDERGROUND HAULERS, BY REGION, 20192027 ($MILLION)TABLE 17.UNDERGROUND MINING EQUIPMENT MARKET REVENUE, FOR OTHERS, BY REGION, 20192027 ($MILLION)TABLE 18.MINING DRILLS & BREAKERS MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 19.MINING EQUIPMENT MARKET REVENUE, FOR DRILLS & BREAKERS, BY TYPE, 20192027 ($MILLION)TABLE 20.MINING EQUIPMENT MARKET REVENUE, FOR DRILLS, BY REGION, 20192027 ($MILLION)TABLE 21.MINING EQUIPMENT MARKET REVENUE, FOR BREAKERS, BY REGION, 20192027 ($MILLION)TABLE 22.MINING EQUIPMENT MARKET REVENUE, FOR CRUSHING, PULVERIZING, & SCREENING EQUIPMENT, BY REGION, 20192027 ($MILLION)TABLE 23.MINING EQUIPMENT MARKET REVENUE, FOR CRUSHING, PULVERIZING, & SCREENING EQUIPMENT, BY TYPE, 20192027 ($MILLION)TABLE 24.MINING EQUIPMENT MARKET REVENUE, FOR STATIONARY, BY REGION, 20192027 ($MILLION)TABLE 25.MINING EQUIPMENT MARKET REVENUE, FOR PORTABLE, BY REGION, 20192027 ($MILLION)TABLE 26.MINING EQUIPMENT MARKET REVENUE FOR OTHERS, BY REGION, 20192027 ($MILLION)TABLE 27.GLOBAL MINING EQUIPMENT MARKET, BY APPLICATION, 20192027 ($MILLION)TABLE 28.METAL MINING EQUIPMENT MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 29.MINERAL MINING EQUIPMENT MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 30.COAL MINING EQUIPMENT MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 31.MINING EQUIPMENT MARKET REVENUE, BY REGION, 20192027 ($MILLION)TABLE 32.NORTH AMERICA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20192027 ($MILLION)TABLE 33.NORTH AMERICA MINERAL PROCESSING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 34.NORTH AMERICA SURFACE MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 35.NORTH AMERICA UNDERGROUND MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 36.NORTH AMERICA MINING DRILLS & BREAKERS EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 37.NORTH AMERICA CRUSHING, PULVERIZING, & SCREENING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 38.NORTH AMERICA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20192027 ($MILLION)TABLE 39.EUROPE MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20192027 ($MILLION)TABLE 40.EUROPE MINERAL PROCESSING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 41.EUROPE SURFACE MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 42.EUROPE UNDERGROUND MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 43.EUROPE MINING DRILLS & BREAKERS EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 44.EUROPE CRUSHING, PULVERIZING, & SCREENING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 45.EUROPE MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20192027 ($MILLION)TABLE 46.ASIA-PACIFIC MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20192027 ($MILLION)TABLE 47.ASIA-PACIFIC MINERAL PROCESSING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 48.ASIA-PACIFIC SURFACE MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 49.ASIA-PACIFIC UNDERGROUND MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 50.ASIA-PACIFIC MINING DRILLS & BREAKERS EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 51.ASIA-PACIFIC CRUSHING, PULVERIZING, & SCREENING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 52.ASIA-PACIFIC MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20192027 ($MILLION)TABLE 53.LAMEA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20192027 ($MILLION)TABLE 54.LAMEAMINERAL PROCESSING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 55.LAMEASURFACE MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 56.LAMEAUNDERGROUND MINING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 57.LAMEA MINING DRILLS & BREAKERS EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 58.LAMEA CRUSHING, PULVERIZING, & SCREENING EQUIPMENT REVENUE, BY SUB-TYPE, 20192027 ($MILLION)TABLE 59.LAMEA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20192027 ($MILLION)TABLE 60.AB VOLVO: KEY EXECUTIVESTABLE 61.AB VOLVO: COMPANY SNAPSHOTTABLE 62.AB VOLVO: OPERATING SEGMENTSTABLE 63.AB VOLVO: PRODUCT PORTFOLIOTABLE 64.CATERPILLAR: KEY EXECUTIVESTABLE 65.CATERPILLAR: COMPANY SNAPSHOTTABLE 66.CATERPILLAR: OPERATING SEGMENTSTABLE 67.CATERPILLAR: PRODUCT PORTFOLIOTABLE 68.DEERE & COMPANY: COMPANY SNAPSHOTTABLE 69.DEERE & COMPANY: OPERATING SEGMENTSTABLE 70.DEERE & COMPANY: PRODUCT PORTFOLIOTABLE 71.DOOSAN CORPORATION: COMPANY SNAPSHOTTABLE 72.DOOSAN CORPORATION: OPERATING SEGMENTSTABLE 73.DOOSAN CORPORATION: PRODUCT PORTFOLIOTABLE 74.EPIROC AB: COMPANY SNAPSHOTTABLE 75.EPIROC AB: OPERATING SEGMENTSTABLE 76.EPIROC AB: PRODUCT PORTFOLIOTABLE 77.HITACHI, LTD.: COMPANY SNAPSHOTTABLE 78.HITACHI, LTD.: OPERATING SEGMENTSTABLE 79.HITACHI, LTD.: PRODUCT PORTFOLIOTABLE 80.KOMATSU LTD: COMPANY SNAPSHOTTABLE 81.KOMATSU LTD: OPERATING SEGMENTSTABLE 82.KOMATSU LTD: PRODUCT PORTFOLIOTABLE 83.LIEBHERR-INTERNATIONAL AG: COMPANY SNAPSHOTTABLE 84.LIEBHERR-INTERNATIONAL AG: OPERATING SEGMENTSTABLE 85.LIEBHERR-INTERNATIONAL AG: PRODUCT PORTFOLIOTABLE 86.METSO CORPORATION: COMPANY SNAPSHOTTABLE 87.METSO CORPORATION: OPERATING SEGMENTSTABLE 88.METSO CORPORATION: PRODUCT PORTFOLIOTABLE 89.SANDVIK AB: COMPANY SNAPSHOTTABLE 90.SANDVIK AB: OPERATING SEGMENTSTABLE 91.SANDVIK AB: PRODUCT PORTFOLIO

FIGURE 01.GLOBAL MINING EQUIPMENT MARKET, 20192027FIGURE 02.GLOBAL MINING EQUIPMENT MARKET: KEY PLAYERSFIGURE 03.TOP INVESTMENT POCKETSFIGURE 04.TOP WINNING STRATEGIES, BY YEAR, 2017-2020* (%)FIGURE 05.TOP WINNING STRATEGIES, BY DEVELOPMENT, 20172020* (%)FIGURE 06.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020* (%)FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERSFIGURE 08.HIGH BARGAINING POWER OF BUYERSFIGURE 09.LOW THREAT OF SUBSTITUTESFIGURE 10.HIGH THREAT OF NEW ENTRANTSFIGURE 11.MODERATE COMPETITIVE RIVALRYFIGURE 12.KEY PLAYER POSITIONINGFIGURE 13.PORTABLE MINERAL PROCESSING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 14.STATIONARY MINERAL PROCESSING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 15.ARTICULATED DUMP TRUCK MARKET SHARE, 2019 (%)FIGURE 16.CRAWLER DOZER MARKET SHARE, 2019 (%)FIGURE 17.CRAWLER EXCAVATOR MARKET SHARE, 2019 (%)FIGURE 18.OTHERS SURFACE MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 19.HYDRAULIC EXCAVATORS MARKET SHARE, 2019 (%)FIGURE 20.MINING DOZERS MARKET SHARE, 2019 (%)FIGURE 21.UNDERGROUND HAULERS MARKET SHARE, 2019 (%)FIGURE 22.OTHERS UNDERGROUND MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 23.MINING DRILLS MARKET SHARE, 2019 (%)FIGURE 24.MINING BREAKERS MARKET SHARE, 2019 (%)FIGURE 25.PORTABLE CRUSHING, PULVERIZING, AND SCREENING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 26.STATIONARY CRUSHING, PULVERIZING, AND SCREENING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 27.COAL MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 28.METAL MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 29.MINERAL MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 30.NORTH AMERICA MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 31.EUROPE MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 32.ASIA-PACIFIC MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 33.LAMEA MINING EQUIPMENT MARKET SHARE, 2019 (%)FIGURE 34.GLOBAL MINING EQUIPMENT MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIESFIGURE 35.IMPACT OF COVID-19 ON COMMODITY PRICESFIGURE 36.GLOBAL MINING EQUIPMENT MARKET, BY TYPE, 20192027FIGURE 37.GLOBAL MINING EQUIPMENT MARKET, BY APPLICATION, 20192027FIGURE 38.GLOBAL MINING EQUIPMENT MARKET, BY REGION, 20192027FIGURE 39.AB VOLVO: R&D EXPENDITURE, 20172019 ($MILLION)FIGURE 40.AB VOLVO: NET SALES, 20172019 ($MILLION)FIGURE 41.AB VOLVO: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 42.AB VOLVO: REVENUE SHARE, BY REGION, 2019 (%)FIGURE 43.CATERPILLAR: R&D EXPENDITURE, 20172019 ($MILLION)FIGURE 44.CATERPILLAR: NET SALES, 20172019 ($MILLION)FIGURE 45.CATERPILLAR: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 46.CATERPILLAR: REVENUE SHARE, BY REGION, 2019 (%)FIGURE 47.DEERE & COMPANY: REVENUE, 20172019 ($MILLION)FIGURE 48.DEERE & COMPANY: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 49.DEERE & COMPANY: REVENUE SHARE, BY REGION, 2019 (%)FIGURE 50.DOOSAN CORPORATION: R&D EXPENDITURE, 20172019 ($MILLION)FIGURE 51.DOOSAN CORPORATION: REVENUE, 20172019 ($MILLION)FIGURE 52.DOOSAN CORPORATION: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 53.DOOSAN CORPORATION: REVENUE SHARE, BY REGION, 2019 (%)FIGURE 54.EPIROC AB: R&D EXPENDITURE, 20172019 ($MILLION)FIGURE 55.EPIROC AB: NET SALES, 20172019 ($MILLION)FIGURE 56.EPIROC AB: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 57.EPIROC AB: REVENUE SHARE, BY REGION, 2019 (%)FIGURE 58.HITACHI, LTD: R&D EXPENDITURE, 20182020 ($MILLION)FIGURE 59.HITACHI, LTD.: REVENUE, 20182020 ($MILLION)FIGURE 60.HITACHI, LTD.: REVENUE SHARE, BY SEGMENT, 2020 (%)FIGURE 61.HITACHI, LTD.: REVENUE SHARE, BY REGION, 2020 (%)FIGURE 62.KOMATSU LTD: REVENUE, 20182020 ($MILLION)FIGURE 63.KOMATSU LTD: REVENUE SHARE, BY SEGMENT, 2020 (%)FIGURE 64.KOMATSU LTD: REVENUE SHARE, BY REGION, 2020 (%)FIGURE 65.LIEBHERR-INTERNATIONAL AG: R&D EXPENDITURE, 20172019 ($MILLION)FIGURE 66.LIEBHERR-INTERNATIONAL AG: REVENUE, 20172019 ($MILLION)FIGURE 67.LIEBHERR-INTERNATIONAL AG: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 68.LIEBHERR-INTERNATIONAL AG: REVENUE SHARE, BY REGION, 2019 (%)FIGURE 69.METSO CORPORATION: R&D EXPENDITURE, 20172019 ($MILLION)FIGURE 70.METSO CORPORATION: REVENUE, 20172019 ($MILLION)FIGURE 71.METSO CORPORATION: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 72.METSO CORPORATION: REVENUE SHARE, BY REGION, 2019 (%)FIGURE 73.SANDVIK AB: R&D EXPENDITURE, 20172019 ($MILLION)FIGURE 74.SANDVIK AB: NET SALES, 20182019 ($MILLION)FIGURE 75.SANDVIK AB: REVENUE SHARE, BY SEGMENT, 2019 (%)FIGURE 76.SANDVIK AB: REVENUE SHARE, BY REGION, 2019 (%)

The mining equipment market has witnessed a notable growth in past few years. Developing countries such as India, China, and Australia have witnessed increase in demand in the mining equipment market. The demand for precious metals such as gold, silver, copper, titanium, and bauxite is an important factor that boosts growth of the global mining equipment market. Moreover, rise in demand for technologically advanced mining equipment, such as remote monitoring mining equipment, propels the market to expand in developed regions. Mining drills & breakers is the fastest growing segment, followed by crushing, pulverizing, & screening equipment.

Leading companies in the mining equipment market such as Caterpillar Inc.; Komatsu Ltd.; Joy Global Inc. Inc. Sandvik; and Hitachi Co. Ltd have witnessed a significant growth in past few years. Innovative products, such as remote-controlled mining equipment, launched by these players have increased their overall consumer base. Moreover, other players operating in the market such as AB Volvo, Doosan Group; Atlas Copco, and Liebherr Group are expected to strengthen their product line with higher technological products to cater to the increase in requirements of consumers. Players operating in the mining equipment market focus on development and launch of high-quality products, depending on needs and preferences of consumers to keep up with recent technological advancements. Moreover, innovative marketing and positioning strategies of players have helped to increase the overall market size.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue).

mining equipment market share & growth report, 2020-2027

mining equipment market share & growth report, 2020-2027

The global mining equipment market size was valued at USD 144.37 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2020 to 2027.Ongoing digital mine innovation is expected to transform the key aspects of mining over the next few years. Increased investment, along with government support for the digital mine innovation, is expected to trigger the demand for mining equipment over the forecast period. Improvements and innovations in extraction technologies and equipment have contributed to the betterment of ore grades, thus extending the life of older mines.

Technology is becoming a critical differentiating factor for manufacturers and mining companies as digitization and automation are continuously gaining momentum. Key players are focusing on reducing the cost of extraction and equipment maintenance. Moreover, the industry has witnessed a large scale adoption of different clusters of technologies, such as robotics & automation, smart sensors, and 3D printing, to enhance operational efficiency. For instance, in January 2019, ABB Ltd. launched the Ability Smart Sensor for assessing the condition of mounted bearings so as to prevent the downtime in mining during material handling.

Need to provide environment-friendly equipment in response to the demand for a sustainable future is on the rise. There is a continuous shift to renewable energy, which has increased the demand for a variety of minerals. This situation has enabled companies to strengthen their business to offer equipment, which are more productive and have a smaller environmental impact. For instance, the advanced control technologies in the Autonomous Haulage System (AHS) of Komatsu Ltd. reduces fuel consumption, along with tire wear and emissions.

The transition from underground to innovative and economical open pit mining is expected to propel the demand for mining equipment over the next few years. The mining industry requires a large amount of energy to extract and protect resources, including a variety of refining and concentration processes. Decrease in the average copper ore grade has led to an increase in energy consumption and total material production, thereby propelling the demand for high-performance equipment.

Development of high-performance equipment has made it possible to extract ores of declining grades without increasing the costs. This trend is increasingly perceptible in several steel manufacturing companies pursuing to enter the mineral exploration sector for securing their supplies of coking coal and iron ore at a rational cost.

Surface mining equipment held the largest share of the overall revenue in 2019 and is expected to maintain its lead over the forecast period. Increasing demand for coal, iron ore, chromium, and diamonds in emerging economies is expected to provide growth avenues for the surface mining equipment over the next few years. Growing adoption of this equipment has led to selective mining operations by exploring high-quality materials and creating embankments and stable surfaces.

Furthermore, increased demand for excavators in the construction and oil & gas industries is expected to significantly contribute to the growth of the surface mining equipment segment. This equipment has also witnessed increased demand due to the emergence of compact excavators. These excavators are a potential solution for carrying the excavating process in confines spaces. Companies are further upgrading excavators and electric shoves to meet the current metal exploration demand. For instance, in September 2019, Komatsu Ltd. introduced a hydraulic excavator, PC2000-11, which is equipped with a machine monitoring system, called KomVision. This is used to load the haul trucks and can be used for loading coal, stripping overburden, and loading shot rock.

Underground mining equipment significantly contributed to revenue growth in 2019. Need to maximize the efficiency of decline truck haulage and maintain its competitiveness with shaft haulage has led to increased demand for underground high-capacity trucks. Furthermore, miners are unable to find economically viable deposits for open-pit mining. This situation has given rise to the expansion of underground mining to extend the mine life, thereby driving the demand for underground mining equipment.

The metal mining application segment dominated the global mining equipment market in 2019 owing to an increase in hauling of metal deposits and high demand for precious metals. Factors such as favorable government regulations, growth of the mining-related end-use industries, and fluctuation in commodity prices are expected to significantly affect the demand for mining equipment in the metal mining applications. Iron and copper mines in South America and Australia are procuring additional equipment deliveries, which is expected to trigger the growth of this application segment. This procurement is a result of the improvement in the exploration of iron and copper.

The non-metal mining application segment witnessed substantial growth in 2019. Need for non-metal mining has observed an upsurge due to increased demand for the extraction of rocks, stones, sand, and similar materials for the construction of roads, buildings, monuments, and landscaping. Increasing number of investment schemes in this sector by various governments is also boosting the growth of the non-metal mining segment. For instance, in 2019, the Australian government raised new funding for its critical minerals and rare earth minerals sector. Extraction projects in the areas of defense and critical minerals will have access to dual funding through the Export Finance Australia (EFA) and Northern Australia Infrastructure Facility (NAIF).

Asia Pacific accounted for the largest market share in 2019 and is expected to maintain its lead over the forecast period. India, followed by Australia, accounted for a significant share of the overall revenue due to constant investments and increasing infrastructure projects. India offers a number of opportunities for the mining companies as there is significant scope for exploration of bauxite, iron ore, and coal. Furthermore, booming real estate sector in the country is expected to augment the demand for metal mining equipment, thereby contributing to regional growth.

Furthermore, continuous government support for the development of mining and exploration has generated ample opportunities for manufacturers to provide enhanced equipment. For instance, the Government of India has allowed 100% FDI in this sector for the exploration of metal and non-metal ores. Moreover, the Ministry of Steel aims to more than double the steel production capacity to 300 million tons by 2030-31. Such initiatives and support are expected to compel the mining equipment manufacturers to establish a base in the country, thereby amplifying the mining equipment industry growth over the next few years.

Latin America has gained popularity owing to a boost in mineral exploration activities, which is attributed to significant investments in this sector. Chile and Peru are home to a large number of copper and gold mines, which contribute significantly to the global exploration of metals. Moreover, favorable mining regulations for overseas investors, particularly in Peru, Chile, and Colombia, are aiding regional growth. Moreover, the region is home to large deposits of copper, gold, and iron, which provides exploration opportunities, thereby increasing the demand for surface mining equipment.

Companies are stressing on enhancing their service and after-service strategies to provide value-added offerings to clients. For instance, Caterpillar, Inc. strategizes to deliver a superior customer experience, which focuses on value-added offerings to transform traditional product support. Such a strategy has increased the sales of products, which will further strengthen the companys presence in the aftermarket.

Major OEMs have been carrying out joint ventures and development programs for components and purchased-finished materials with certain competitors, aiming to reduce manufacturing costs and provide competitive differentiation. Expansion of offerings by developing the right differentiated product is one of the key strategies adopted by companies to ensure long-term customer loyalty. For instance, Caterpillar, Inc.s next-generation 20-ton size class excavators have helped customers in reducing fuel consumption and maintenance costs, along with increasing operating efficiency to achieve cost and productivity targets. Some of the prominent players in themining equipment market include:

U.S.; Canada; Germany; U.K.; Spain; France; Finland; Sweden; Poland; Russia; China; India; Japan; Australia; Indonesia; South Korea; Philippines; New Zealand; Chile; Peru; Saudi Arabia; South Africa; Iran; Egypt; Ghana

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global mining equipment market report on the basis of equipment, application, and region:

b. Surface mining equipment dominated the global mining equipment market with a share of 41.86% in 2019. This is attributable to increasing demand for coal, iron ore, chromium, and diamonds in emerging economies.

The ongoing pandemic has led to a decline in exploration activities in the oil & gas sector. A number of EPC projects have also witnessed an indefinite pause that has transpired into a slump in the requirement for drilling and excavation services. Economic repercussions of the trend are expected to be highly evident in the Middle East. The report will account for Covid19 as a key market contributor.

mining equipment market share, statistics | industry report 2024

mining equipment market share, statistics | industry report 2024

Mining Equipment Marketsize was valued at over USD 70 billion in 2017 which is expected to grow at over 5% CAGR from 2018 to 2024. The global shipments are expected to surpass 450 thousand units by 2024.

Rapid evolution in mining processes and a rise in the adoption of automated solutions in recent years are predicted to drive the mining equipment market demand over the forecast timespan. Several players are providing smart solutions to their customers for improving productivity and enhancing the efficiency of industrial operations. These smart solutions offer features such as real-time control & monitoring, will optimize production management, and enhance the decision-making approach. This has led to players integrating these advanced solutions into their products to enhance the productivity and reliability in mineral extraction processes. For instance, smart extraction solutions offered by Wipro Limited include advanced analytics, short interval control, mobile asset visibility, remote operation centers, digital work management, and mobility platform. With the integration of advanced digital technologies, customers are able to maximize the Return on Investment (ROI). Such factors are anticipated to facilitate the expansion of the market in industrialized countries.

With an increase in demand for exploration machines and robotics, companies are replacing legacy mining methods, providing an impetus to the mining equipment industry growth. The replacement of automated solutions in place of manual processes helps in reducing the number of accidents in handling and performing activities. Moreover, automation and robotics technology incorporated with the complex and heavy machines is enhancing the overall productivity. High investments of market players in R&D activities to provide technically-advanced machinery with greater efficiency, reliability, and the ability to sustain the rising competition are creating several growth opportunities. Over the coming years, the commodity prices are anticipated to witness an upswing, thereby fueling the market demand. In addition, a renewed strength in construction activities and the rise in manufacturing output in the developed markets will support the market growth.

In 2017, surface mining machinery market accounted for over 30% of the overall industry share. These machines are experiencing a high adoption due to the rise in demand for extraction of minerals such as non-metallic ore, metallic ore, and coal. Several new techniques are being developed depending on mining tasks such as mountain removal, strip, and open pit. The rising demand for mineral and metal commodities is projected to drive the market growth. This equipment aids in cost optimization due to its ability to cut, crush, and load in a single working process. The growing demand for technically-advanced solutions and a rise in mining activities in developed markets will fuel the industry growth over the coming years. Countries including Brazil, Russia, India, and China have a high abundance of natural resources and a high rate of coal production. These countries are experiencing a high adoption of this equipment for performing coal extraction activities.

Metal mining is anticipated to witness a steady growth over the coming years owing to the rise in disposable incomes and improved living standards that have fueled the demand for precious metals such as gold, platinum, silver, and other commodities. The rise in demand for this equipment for metal extraction will drive the market demand. Metals such as aluminum, copper, zinc, lead, and nickel are being utilized in several industrial sectors such as construction, chemical, and energy & utility for performing manufacturing operations. The rise in industrialization and urbanization trends in developing countries are providing numerous growth opportunities to the market players. Manufacturers are offering products with GPS technology and other electronic control modules and database tools for improving the product offering. Moreover, the replacement of aging infrastructure and development of new buildings for the safety is generating a high adoption of the metals such as iron and steel in construction activities, thereby driving the mining equipments demand.

Asia Pacific is anticipated to grow at over 6% CAGR over the forecast timeline. Lack of mechanization rates in Asia Pacific countries is anticipated to drive the sales. Many developing countries in the region have sizable coal producing areas and significant coal and metal mining industries that need a substantial level of capital investment. Increasing demand for lower emissions, low cost, and high energy-efficiency machines is being witnessed in the region. Growing availability of lease-based model will encourage end users to use advanced machinery. A rapid increase in the construction activity and manufacturing output in China, coupled with government efforts to boost the mechanization of mines, have led to a rapid growth of the mining machinery market in the country. Moreover, the India market is anticipated to witness a steady growth owing to a rise in mining output growth and a significant need for mine mechanization.

Major players operating in mining equipment market share include Caterpillar, Inc., Metso Corporation, Komatsu Ltd., Atlas Copco AB, Sandvik AB, CNH Industrial NV, Hitachi Co., Ltd., AB Volvo, Doosan Group, Liebherr Group, Astec Industries Incorporated, Bell Equipment Limited, China Coal Energy Company Limited, Bradken Limited, Corum Group, Hyundai Heavy Industries Company Limited, Kopex SA, RCR Tomlinson Limited, Techint Group, Terex Corporation, and Wirtgen Group Holding GmbH, among others. These companies are offering several products to governments as well as the private sector for performing mineral extraction processes. The products offered by the players are designed based on the industrial specifications and requirement for performing specific tasks. These players have a strong presence in the countries where the demand and availability of the minerals are high.

Technological advancements and innovations are expected to drive the mining machinery industry growth. Several technologies that are revolutionizing the industry include automation, Internet of Things (IoT), 3D imaging, and plasma technology. These machines are developed using materials and technologies that can withstand high temperature and pressure. The machines are exposed to high radiation and chemical substances that can directly affect the functioning of the parts. The players in the market are focusing on such challenges and are developing machines that can be used for the extraction of specific minerals or metals. Remote monitoring and control devices are integrated into these machines to provide careful observation of the processes and activities from centralized systems. It provides maximum efficiency, improves safety, decreases the variability, and allows better identification of performance issues. Such factors are expected to drive the market growth.

surface mining equipment market size, share, trend and forecast 2022

surface mining equipment market size, share, trend and forecast 2022

The global surface mining equipment market is expected to witness a considerable growth through the forecast period 2016 - 2022 with improving economic conditions and rising output of mining sector. The market for surface mining equipment is also expected to see a significant demand from replacement market due to stringent emission, energy consumptions and safety regulations particularly in developed nations. In addition, rising domestic demand from emerging economies due to rapidly increasing mechanization in mining sector also represents a positive outlook for surface mining equipment suppliers particularly in emerging as India, China, South Africa, Brazil, Russia and others. All these factors are expected to drive the market growth of surface mining equipment in the next six years.

The report includes in-depth analysis of market driving and restraining factors related to surface mining equipment industry. The study also covers current and future market trends in the global as well as regional surface mining equipment market. The report provides exhaustive information of technology development, pricing and demand-supply trends. High level analysis included in the report such as market competitive analysis, attractive analysis and PESTEL helps market players and trade partners to identify key investment area in the industry.

Moreover, the report provides market estimates and forecast of different type of mining equipment and its market size in application segment (mining methods) in terms of both volume (number of units sold) and revenue (US$ Bn). This market is segmented on the basis of product type, mining methods and region. The report also includes cross sectional analysis on the regional basis i.e. regional market size by product and mining methods. This study includes market historical market size (2013 & 2014), market estimate (2015) and forecast for the period 2016 2022 in terms of volume and revenue. The report also includes market estimates and forecast of surface mining equipment market for major countries.

The report profiles key players in the global surface mining equipment industry. Company profiles include detailed information about business strategies, product portfolio, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about market competition and positioning of key market players along with their market winning strategies.

Chapter 1 Preface1.1 Report Description1.1.1 Purpose of the Report1.1.2 Target Audience1.1.3 USP and Key Offerings1.2 Research Scope1.3 Market Segmentation1.4 Research Methodology1.4.1 Phase I Secondary Research1.4.2 Phase II Primary Research1.4.3 Phase III Expert Panel Review1.4.4 Assumptions1.4.5 Approach Adopted

Chapter 2 Executive Summary2.1 Market Snapshot: Global Surface Mining Equipment Market2.2 Global Surface Mining Equipment Market, By Product2.3 Global Surface Mining Equipment Market, By Mining Methods2.4 Global Surface Mining Equipment Market, By Geography

Chapter 3 Market Dynamics3.1 Product Insights and Market Overview3.1.1 Global Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)3.2 Key Market Trends and Future Outlook3.2.1 Evolution of Surface Mining Equipment Technology3.2.2 Recent Trends3.3 Market Drivers3.4 Market Growth Inhibitors3.5 Opportunities3.6 See-Saw Analysis3.6.1 Impact Analysis of Drivers and Restraints3.7 Value Chain Analysis3.8 Market Penetration Scenario, 20153.9 Competitive Analysis3.9.1 Market Positioning of Key Vendors3.9.2 New Product Launches

Chapter 4 Surface Mining Equipment Market by Product Type4.1 Market Analysis4.2 Global Surface Mining Drilling Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)4.3 Global Surface Mining Blasting Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)4.4 Global Surface Mining Crushing Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)4.5 Global Surface Mining Grinding Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)4.6 Global Surface Mining Loading and Hauling Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)4.7 Global Surface Mining Others Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)

Chapter 5 Surface Mining Equipment Market by Mining Methods5.1 Market Analysis5.2 Global Surface Mining Equipment Market for Open Pit Mining Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)5.3 Global Surface Mining Equipment Market for Mountain Removal Mining Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)5.4 Global Surface Mining Equipment Market for Strip Mining Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)5.5 Global Surface Mining Equipment Market for Highwall Mining Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)5.6 Global Surface Mining Equipment Market for Dredging Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)

Chapter 6 North America Surface Mining Equipment Market Analysis6.1 North America Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)6.1.1 North America Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)6.1.2 North America Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)6.2 U.S. Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)6.2.1 U.S. Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)6.2.2 U.S. Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)6.3 Canada Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)6.3.1 Canada Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)6.3.2 Canada Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)

Chapter 7 Europe Surface Mining Equipment Market Analysis7.1 Europe Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)7.1.1 Europe Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)7.1.2 Europe Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)7.2 U.K. Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)7.2.1 U.K. Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)7.2.2 U.K. Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)7.3 Germany Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)7.3.1 Germany Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)7.3.2 Germany Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)7.4 France Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)7.4.1 France Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)7.4.2 France Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)7.5 Rest of Europe Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)7.5.1 Rest of Europe Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)7.5.2 Rest of Europe Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)

Chapter 8 Asia Pacific Surface Mining Equipment Market Analysis8.1 Asia Pacific Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)8.1.1 Asia Pacific Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)8.1.2 Asia Pacific Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)8.2 Japan Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)8.2.1 Japan Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)8.2.2 Japan Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)8.3 China Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)8.3.1 China Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)8.3.2 China Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)8.4 India Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)8.4.1 India Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)8.4.2 India Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)8.5 Rest of Asia Pacific Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)8.5.1 Rest of Asia Pacific Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)8.5.2 Rest of Asia Pacific Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)

Chapter 9 Rest of the World (RoW)Surface Mining Equipment Market Analysis9.1 Rest of the World Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)9.1.1 Rest of the World Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)9.1.2 Rest of the World Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)9.2 Middle East and Africa Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)9.2.1 Middle East and Africa Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)9.2.2 Middle East and Africa Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)9.3 Latin America Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)9.3.1 Latin America Surface Mining Equipment Market Analysis, By Product, 2013 2022 (US$ Bn and Thousand Units)9.3.2 Latin America Surface Mining Equipment Market Analysis, By Mining Method, 2013 2022 (US$ Bn and Thousand Units)

Chapter 10 Company Profiles10.1 Atlas Copco AB10.1.1 Atlas Copco AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.2 Caterpillar Inc.10.2.1 Caterpillar Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.3 Hitachi Construction Machinery10.3.1 Hitachi Construction Machinery: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.4 Joy Global Inc10.4.1 Joy Global Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.5 Volvo Construction Equipment10.5.1 Volvo Construction Equipment: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.6 Komatsu Limited10.6.1 Komatsu Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.7 Metso10.7.1 Metso: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.8 JCB Ltd.10.8.1 JCB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.9 Sandvik AB10.9.1 Sandvik AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.10 Zhengzhou Coal Mining Machinery Group10.10.1 Zhengzhou Coal Mining Machinery Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.11 China National Coal Mining Equipment10.11.1 China National Coal Mining Machinery Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)10.12 Boart Longyear Ltd10.12.1 Boart Longyear Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

TABLE 1 Market Snapshot: Global Surface Mining Equipment MarketTABLE 2 Evolution of Surface Mining Equipment TechnologyTABLE 3 Impact IndicatorsTABLE 4 Impact Analysis of Drivers and RestraintsTABLE 5 North America Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 6 North America Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 7 North America Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 8 North America Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 9 U.S. Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 10 U.S. Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 11 U.S. Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 12 U.S. Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 13 Canada Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 14 Canada Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 15 Canada Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 16 Canada Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 17 Europe Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 18 Europe Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 19 Europe Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 20 Europe Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 21 U.K. Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 22 U.K. Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 23 U.K. Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 24 U.K. Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 25 Germany Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 26 Germany Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 27 Germany Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 28 Germany Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 29 France Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 30 France Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 31 France Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 32 France Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 33 Rest of Europe Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 34 Rest of Europe Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 35 Rest of Europe Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 36 Rest of Europe Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 37 Asia Pacific Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 38 Asia Pacific Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 39 Asia Pacific Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 40 Asia Pacific Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 41 Japan Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 42 Japan Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 43 Japan Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 44 Japan Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 45 China Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 46 China Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 47 China Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 48 China Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 49 India Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 50 India Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 51 India Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 52 India Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 53 Rest of Asia Pacific Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 54 Rest of Asia Pacific Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 55 Rest of Asia Pacific Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 56 Rest of Asia Pacific Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 57 Rest of the World Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 58 Rest of the World Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 59 Rest of the World Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 60 Rest of the World Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 61 Middle East and Africa Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 62 Middle East and Africa Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 63 Middle East and Africa Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 64 Middle East and Africa Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 65 Latin America Surface Mining Equipment Market Revenue, By Product, 2013 2022 (US$ Bn)TABLE 66 Latin America Surface Mining Equipment Market Revenue, By Product, 2013 2022 (Thousand Units)TABLE 67 Latin America Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (US$ Bn)TABLE 68 Latin America Surface Mining Equipment Market Revenue, By Mining Method, 2013 2022 (Thousand Units)TABLE 69 Atlas Copco AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 70 Caterpillar Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 71 Hitachi Construction Machinery: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 72 Joy Global Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 73 Volvo Construction Equipment: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 74 Komatsu Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 75 Metso: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 76 JCB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 77 Sandvik AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 78 Zhengzhou Coal Mining Machinery Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 79 China National Coal Surface Mining Equipment: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)TABLE 80 Boart Longyear Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

FIG. 1 Global Surface Mining Equipment: Market SegmentationFIG. 2 Global Surface Mining Equipment Market: Research MethodologyFIG. 3 Top-Down and Bottom Up ApproachFIG. 4 Global Surface Mining Equipment Market, By Product, 2014 (US$ Bn)FIG. 5 Global Surface Mining Equipment Market, By Application, 2014 (US$ Bn)FIG. 6 Global Surface Mining Equipment Market, By Geography, 2014 (US$ Bn)FIG. 7 Global Surface Mining Equipment Market Revenue, 2013 2022, (US$ Bn and Thousand Units)FIG. 8 See-Saw Analysis : Global Surface Mining Equipment MarketFIG. 9 Value Chain Analysis: Global Surface Mining Equipment IndustryFIG. 10 Market Positioning of Key Surface Mining Equipment Manufacturers, 2014FIG. 11 Global Surface Mining Equipment Market Revenue Contribution, By Product Type, 2014 & 2022 (US$ Bn)FIG. 12 Global Surface Mining Drilling Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 13 Global Surface Mining Blasting Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 14 Global Surface Mining Crushing Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 15 Global Surface Mining Grinding Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 16 Global Surface Mining Loading and Hauling Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 17 Global Surface Mining Others Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 18 Global Surface Mining Equipment Market Revenue Contribution, By Mining, 2014 & 2022 (US$ Bn)FIG. 19 Global Surface Mining Equipment Market for Open Pit Mining Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 20 Global Surface Mining Equipment Market for Mountain Removal Mining, Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 21 Global Surface Mining Equipment Market for Strip Mining Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 22 Global Surface Mining Equipment Market for Highwall Mining Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 23 Global Surface Mining Equipment Market for Dredging Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 24 North America Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 25 Europe Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 26 Asia Pacific Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)FIG. 27 Rest of the World Surface Mining Equipment Market Revenue Volume, 2013 2022, (US$ Bn) (Thousand Units)

Crushing was the largest type of product category for surface mining equipment and is expected to maintain its dominating position through the forecast period 2016 2022. The crushing equipment market for surface mining is expected to see a considerable growth through with rising demand for construction materials across the world. In addition, miners are investing significant amount in advanced equipment to meet high demand for quality aggregates. Blasting equipment used in surface mining is also lucrative product category for suppliers. Loading and hauling equipment product category is also expected to witness a considerable growth with rising mining activities in across the world. Stringent government regulations related to worker safety and emissions are forcing operators to replace their outdated machineries with advanced solutions. This is increasing the demand for crushing, loading and hauling equipment in developed and developing markets.

Strip mining is commonly used to mine lignite and coal. Strip mining was the largest end use segment for surface mining equipment in 2014. Environmental Protection Administration has introduced advanced set of regulations for coal mining operation and coal power plants which has reduced coal mining activities in the U.S. Other countries across the world are also introducing similar regulations in order to reduce global warming, smog and mercury pollution. This is expected to be the challenging factor for surface mining equipment used in strip mining. Open pit mining is expected to see the fastest growth through the forecast period 2016 2022. This is particularly due to rising demand and mining operations in emerging economies. The dredging is also expected to see a considerable growth in the near future with increasing underwater mining activities with rising demand for oil and gas.

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

Asia Pacific is the most lucrative regional market for surface mining equipment. Rising mining activities and mechanization of mining operations in India and China are major influencing factors for surface mining equipment in Asia Pacific market. In U.S., U.K., Japan and other developed markets, significant growth is expected from replacement market. This is particularly due to mandatory and environment protection regulations to improve safety of miners and reduce emission. Latin America and Africa are also expected to witness significant demand for surface mining equipment with rising mining activities in major countries such as Brazil, Chile and South Africa.

mining equipment market size, share, industry forecast 2028

mining equipment market size, share, industry forecast 2028

Mining equipment includes mining drills and tools, earthmovers, crushing equipment and machines, feeding & conveying equipment, etc. Metals, minerals, and coal are extracted from the ground with the help of computerized remote-control equipment, high-technology operations, and complex machinery. Mining activity may vary according to the type of metals and minerals to be extracted from the earth. There are two types of mining processes, that is, surface mining and underground mining; each mining process involves different types of machinery as per application. Apart from digging, there are different processes involved like smelting, milling, refining, and others.

Based on the type, the mining equipment market is segmented as surface mining equipment, underground mining equipment, mineral processing equipment, and others. Surface mining equipment leads the market owing to economic feasibility, and there are operational advantages in terms of electricity and water. Also, it is predominantly preferred in obtaining crushed stone, copper, iron, and aluminum on a large scale.

Based on the application part, the market is classified as metal mining, mineral mining, and coal mining. Metal mining is leading the market due to the reason being it has numerous applications in the industrial sector in the manufacturing of various products and equipment, which are mostly of steel, iron, and cobalt. Also, gold and silver are used in jewelry applications on a large scale.

The key market driver of this market is the increase in the demand for metals from the construction and manufacturing industry. Most of the products, equipment, and machines manufactured in the manufacturing industries are of different metals like steel and iron. Similarly, most metals in construction are used as alloys, like steel, aluminum, and copper, which have their particular qualities and ideal uses. The other factors which drive the market are increasing demand for mineral production and focus on smart mining solutions. Technological advancements and innovations to improve the efficiency of working equipment also drive investment for the market.

The key market restraint is the high manufacturing cost of the machines used for mining. Other factors that hinder the market are the rising price of raw materials like coal and iron-ore and stringent emission regulations to avoid the harmful effects of mining on the environment.

Some of the major companies in the mining equipment market are Volvo Group, Astec Industries Inc., Atlas Copco, Bell Equipment, Boart Longyear, Bradken, Caterpillar Inc., CNH Industrial, Doosan, FLSmidth, Joy Global Inc., Komatsu Construction, Liebherr Mining, Metso, RCR Tomlinson, Sandvik, SANY Group, Techint Group, ThyssenKrupp, and WiIRTGEN GROUP.

The global mining equipment market covers different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is leading the market due to the presence of key companies. The increase in demand for raw materials due to several infrastructure projects in countries like China and India is fueling the mining equipment market. In North America, surface mining is practiced on a larger scale in countries like the United States and Canada, owing to increased demand for metal extraction and equipment. In Europe, the manufacturers are offering the products with GPS technology advancements and other electronic control modules and database tools to increase the demand for the equipment that enhances mining activities in countries like the United Kingdom and Germany. Lastly, in Latin America and Middle East Africa, the mining activities are performed majorly due to the presence of a large number of metals and minerals. Many countries in the Middle East and Africa have recently introduced or are working on new mining laws that will encourage investment in the mining sector and thereby are anticipated to lead the market.

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mining equipment market share & growth | industry report, 2021 to 2026 mordor intelligence

mining equipment market share & growth | industry report, 2021 to 2026 mordor intelligence

The Mining Equipment Market is segmented by Type (Surface Mining Equipment, Underground Mining Equipment, and Mineral Processing Equipment), Application (Metal Mining, Mineral Mining, and Coal Mining), Powertrain type (IC Engine Vehicle and Electric Vehicle), and Geography (North America, Europe, Asia Pacific and Rest of the world). The Report offers market size and forecast for Mining Equipment Market in value USD billion for all the above segments.

The COVID-19 pandemic had an immediate impact on the global economy and that impact goes across all industries, including mining. Significant price drops were observed across major commodities, while in some cases, prices remain passive. For example, demand for metallurgical coal and thermal coal has decreased, while demand for gold and iron ore has increased.

However, the market is expected to witness significant growth during the forecast period as the Increasing use of electric machinery in underground mining and increasing demand for metals and commodities occupy a major share in the market. The increasing need for mineral fertilizers to improve agricultural yield, rise in construction of roads & railway tracks through hilly areas are expected to fuel the demand for mining activities in emerging countries such as India and China.

Ongoing digital mine innovation is expected to transform the key aspects of mining over the next few years. Increased investment, along with government support for the digital mine innovation, is expected to trigger the demand for mining equipment over the forecast period. Improvements and innovations in extraction technologies and equipment have contributed to the betterment of ore grades, thus extending the life of older mines.

By Type, the market is segmented intoSurface Mining Equipment, Underground Mining Equipment, and Mineral Processing Equipment. By Application, the market is segmented intoMetal Mining, Mineral Mining, and Coal Mining. By Powertrain type the market is segmented intoIC Engine Vehicle and Electric Vehicle and ByGeographythe market is segmented intoNorth America, Europe, Asia Pacific, and the Rest of the world. For each segment, the market sizing and forecast have been done on basis of value (USD billion).

Technological advancements and innovations are expected to drive the mining machinery industry growth. Several technologies that are revolutionizing the industry include automation, Internet of Things (IoT), 3D imaging, and plasma technology. These machines are developed using materials and technologies that can withstand high temperature and pressure. The machines are exposed to high radiation and chemical substances that can directly affect the functioning of the parts. The players in the market are focusing on such challenges and are developing machines that can be used for the extraction of specific minerals or metals.

The use of telematics in the mining industry has proven to be a game changer. Internet of things (IoT) sensors provide feedback to the fleet manager, which ensures lower downtime due to malfunctions and helps plan maintenance activities. With an increasingly competitive environment across all industries, companies are constantly looking for process optimization, which, in turn, has increased the demand for automation in the mining industry. Drones are being used for exploration and surveillance of mines.

Drones ensure that areas are clear before blasts, track post-blast fumes, and improve the overall safety of sites. BHP (Australia) has been using drones at its Australian mines for surveillance. Automation and teleoperation systems in the mining industry significantly improve productivity and safety. Thus, sales of new mining machinery synced with telematics solutions are expected to drive the mining machinery market.

The Asia Pacific is likely to lead the mining equipment over the forecast period. Many developing countries in the region have sizable coal-producing areas and significant coal and metal mining industries that need a substantial level of capital investment. Increasing demand for lower emissions, low cost, and high energy-efficiency machines is being witnessed in the region.

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.

The growing availability of a lease-based model will encourage end-users to use advanced machinery. A rapid increase in construction activity and manufacturing output in China, coupled with government efforts to boost the mechanization of mines, have led to a rapid growth of the mining machinery market in the country. Moreover, the India market is anticipated to witness a steady growth owing to a rise in mining output growth and a significant need for mine mechanization.

The Mining Equipment Market is characterized by the presence of numerous international and regional players, resulting in a highly competitive market environment. Major players in the mining industry are now providing on-site solutions like components and equipment repair and services that include part support and even data analytics support. Many competitors in the mining equipment market adopted acquisition and business expansion as their key developmental strategies to develop their geographical foothold and promote their product technologies.

Some of the leading players in the market are Caterpillar, Liebherr-international, Atlas Copco Construction & Mining, Hitachi, Sandvik, Metso Corp., and Outotec. The leading players also have many subsidiaries that operate specifically for certain products and/or in different countries.

mining equipment market - revenue, trends, growth opportunities, competition, covid strategies, regional analysis and future outlook to 2030 (by products, applications, end cases) : reportsnreports

mining equipment market - revenue, trends, growth opportunities, competition, covid strategies, regional analysis and future outlook to 2030 (by products, applications, end cases) : reportsnreports

Mining Equipment Market Overview Mining Equipment Market Research Report - is comprehensive research with in-depth data and contemporary analysis of the Mining Equipment market at a global, regional and key country level, covering different sub-segments of the industry. The automotive industry is set to experience a few structural changes in the near term due to the rapid developments in novel technologies. Artificial intelligence (AI) and machine learning will significantly transform the manufacturing process improving robotic efficiency, accuracy, and consistency. Level 2 automation including active safety systems and driver assistance is allowing OEMs to add attractive features and bolster revenue growth. However, the full-fledged rollout of level 4 autonomous vehicles is expected to witness further delays for the technology to mature and for consumers to accept. Impact of COVID-19 on Mining Equipment market Mining Equipment market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. Frequent suspension of public transport systems coupled with the highly contagious nature of the virus propelled the need for passenger cars leading to the derived demand for Mining Equipment products. However, unprecedented situations due to expected third and further waves of the pandemic are creating a gloomy outlook. This study endeavors to evaluate different scenarios of COVID impact on the future of the Mining Equipment market from 2021 to 2028. Mining Equipment Market Structure and Strategies of key competitors Companies operating in Mining Equipment business are strategizing moves to enhance their market share highlighting their USP statements, diversifying product folio, and adding attractive features being a few of the key winning strategies. The report offers detailed profiles of top companies serving the Mining Equipment value chain along with their strategies for the near, medium, and long term period. Mining Equipment Market Trends, Growth Opportunities, and Forecast Scenarios to 2028 Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the Mining Equipment supply chain posing challenges for manufactures in the Mining Equipment industry. Intense competition, fluctuating prices, and shifting OEM preferences are expected to be the major challenges for Mining Equipment Market during the forecast period. The fast pace recovery of developing economies leading to increased disposable income will support the Mining Equipment market demand between 2021 and 2028. The Mining Equipment research report portrays the latest trends shaping the Mining Equipment industry along with key demand drivers and potential challenges anticipated for the market during the outlook period. Mining Equipment Market Analysis by Types, Applications and Regions The research estimates global Mining Equipment market revenues in 2021, considering the Mining Equipment market prices, supply, demand, and trade analysis across regions. A detailed market share and penetration of different types, processes, and geographies in the Mining Equipment market from 2001 to 2028 is included. The report covers North America, Europe, Asia Pacific, Middle East, Africa, and LATAM Mining Equipment market statistics from 2020 to 2028 with further division by leading product types, processes, and distribution channels of Mining Equipment. The status of the Mining Equipment market in 16 key countries over the world is elaborated to enable an in-depth understanding of the Mining Equipment industry. What's Included in the Report Global Mining Equipment market size and growth projections, 2020- 2028 COVID impact on Mining Equipment industry with future scenarios Mining Equipment market size, share, and outlook across 5 regions and 16 countries, 2020- 2028 Mining Equipment market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2020- 2028 Short and long term Mining Equipment market trends, drivers, restraints, and opportunities Porters Five forces analysis, Technological developments in Mining Equipment market, Mining Equipment supply chain analysis Mining Equipment trade analysis, Mining Equipment market price analysis, Mining Equipment supply/demand Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products Latest Mining Equipment market news and developments Who can benefit from this research The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways 1. The report provides 2021 Mining Equipment market sales data at the global, regional, and key country level with a detailed outlook to 2028 allowing companies to calculate their market share and analyze prospects, and uncover new markets, and plan market entry strategy. 2. The research includes the Mining Equipment market split by different types and applications. This segmentation helps managers plan their products and budgets based on future growth rates of each segment 3. The Mining Equipment market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigate risks 4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business 5. The study assists investors in analyzing Mining Equipment business prospects by region, key countries, and top companies' information to channel their investments. Additional support All the data presented in tables and charts of the report is provided in a separate Excel document Print authentication allowed on purchase of online versions 10% free customization to include any specific data/analysis to match with the requirement 3 months of analyst support The report will be updated to the latest month and delivered within 3 business days

1. Table of Contents 1.1 List of Tables 1.2 List of Figures 2. Global Mining Equipment Market Introduction, 2021 2.1 Mining Equipment Industry Overview 2.2 Research Methodology 3. Mining Equipment Market Analysis 3.1 Mining Equipment Market Trends to 2028 3.2 Future Opportunities in Mining Equipment Market 3.3 Dominant Applications of Mining Equipment to 2028 3.4 Key Types of Mining Equipment to 2028 3.5 Leading End Uses of Mining Equipment Market to 2028 3.6 High Prospect Countries for Mining Equipment Market to 2028 4. Mining Equipment Market Drivers and Challenges 4.1 Key Drivers Fuelling the Mining Equipment Market Growth to 2028 4.2 Major Challenges in the Mining Equipment industry 4.3 Impact of COVID on Mining Equipment Market to 2028 5 Five Forces Analysis for Global Mining Equipment Market 5.1 Mining Equipment Industry Attractiveness Index, 2021 5.2 Ranking Methodology 5.3 Threat of New Entrants 5.4 Bargaining Power of Suppliers 5.5 Bargaining Power of Buyers 5.6 Intensity of Competitive Rivalry 5.7 Threat of Substitutes 6. Global Mining Equipment Market Share, Structure, and Outlook 6.1 Mining Equipment Market Sales Outlook, 2020- 2028 ($ Million) 6.1 Global Mining Equipment Market Sales Outlook by Type, 2020- 2028 ($ Million) 6.2 Global Mining Equipment Market Sales Outlook by Application, 2020- 2028 ($ Million) 6.3 Global Mining Equipment Market Revenue Outlook by End-User, 2020- 2028 ($ Million) 6.4 Global Mining Equipment Market Revenue Outlook by Region, 2020- 2028 ($ Million) 7. Asia Pacific Mining Equipment Market Size, Share, Competition and Outlook 7.1 Asia Pacific Market Findings, 2020 7.2 Asia Pacific Mining Equipment Market Forecast by Type, 2020- 2028 7.3 Asia Pacific Mining Equipment Market Forecast by Application, 2020- 2028 7.4 Asia Pacific Mining Equipment Revenue Forecast by End-User, 2020- 2028 7.5 Asia Pacific Mining Equipment Revenue Forecast by Country, 2020- 2028 7.6 Leading Companies in Asia Pacific Mining Equipment Industry 8. Europe Mining Equipment Market Trends, Outlook, and Growth Prospects 8.1 Europe Key Findings, 2020 8.2 Europe Mining Equipment Market Size and Share by Type, 2020- 2028 8.3 Europe Mining Equipment Market Size and Share by Application, 2020- 2028 8.4 Europe Mining Equipment Market Size and Share by End-User, 2020- 2028 8.5 Europe Mining Equipment Market Size and Share by Country, 2020- 2028 8.6 Leading Companies in Europe Mining Equipment Industry 9. North America Mining Equipment Market Trends, Outlook, and Growth Prospects 9.1 North America Key Findings, 2020 9.2 North America Mining Equipment Market Outlook by Type, 2020- 2028 9.3 North America Mining Equipment Market Outlook by Application, 2020- 2028 9.4 North America Mining Equipment Market Outlook by End-User, 2020- 2028 9.5 North America Mining Equipment Market Outlook by Country, 2020- 2028 9.6 Leading Companies in North America Mining Equipment Business 10. Latin America Mining Equipment Market Drivers, Challenges, and Growth Prospects 10.1 Latin America Key Findings, 2020 10.2 Latin America Mining Equipment Market Future by Type, 2020- 2028 10.3 Latin America Mining Equipment Market Future by Application, 2020- 2028 10.4 Latin America Mining Equipment Market Analysis by End-User, 2020- 2028 10.5 Latin America Mining Equipment Market Analysis by Country, 2020- 2028 10.6 Leading Companies in Latin America Mining Equipment Industry 11. Middle East Africa Mining Equipment Market Outlook and Growth Prospects 11.1 Middle East Africa Key Findings, 2020 11.2 Middle East Africa Mining Equipment Market Share by Type, 2020- 2028 11.3 Middle East Africa Mining Equipment Market Share by Application, 2020- 2028 11.3 Middle East Africa Mining Equipment Market Forecast by End-User, 2020- 2028 11.4 Middle East Africa Mining Equipment Market Forecast by Country, 2020- 2028 11.5 Leading Companies in Middle East Africa Mining Equipment Business 12. Mining Equipment Market Structure and Competitive Landscape 12.1 Key Companies in Mining Equipment Business 12.2 Mining Equipment Key Player Benchmarking 12.3 Mining Equipment Product Portfolio 12.4 Financial Analysis 12.5 SWOT and Financial Analysis Review 14. Latest News, Deals, and Developments in Mining Equipment Market 15 Appendix 15.1 Publisher Expertise 15.2 Mining Equipment Industry Report Sources and Methodology

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