Mining Equipment Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Mining Equipment Market By Industry (Metal, Coal, and Minerals); Equipment Category (Crushing, Drills & Beakers,  Pulverizing & Screening Equipment, Mining Equipment, Mineral Processing Equipment, Surface Mining Equipment and Underground), Propulsion (Gasoline, Diesel and CNG/LNG/Others), Electric Equipment Type (LHD and Mining Trucks); By Geography (U.S., Canada, Mexico, Brazil, Rest of South America, Germany, Italy, U.K., Spain, Netherlands, Switzerland, Russia, Rest of Europe, Japan, China, India, Australia, Singapore, Malaysia, Thailand, Philippines, Rest of Asia-Pacific, U.A.E, Egypt, Rest of Middle East and Africa) & Industry Trends

 

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Report

Description

The global mining equipment market size was valued at USD 144.37 billion and is anticipated to reach at a CAGR of 12.7% during the forecast period 2020-2027.

 

Global Mining Equipment Market Overview:

 

Mining Equipment consists of mining tools, crushing equipment, drills, feeding & conveying equipment. Minerals and metals are extracted from the ground making use of complex machinery, computerized remote controlled equipment and high-technology operations. Mining activity differs on the basis of kind of minerals and metals extracted from the earth.  Usually, there are two kinds of mining processes such as underground and surface mining. Each mining process requires different equipment according to the applications.  A few activities involved in mining are smelting, milling, smelting apart from digging. This market analysis covers details about trade rules, production analysis, market share, localized market players, market size, product launches and strategic market growth analysis

 

Global Mining Equipment Market Dynamics:

 

Increase in the coal use for the purpose of heating and electricity generation is going to drive the mining equipment market growth. The mining equipment market is booming because of the increase in mining activities to extract minerals and metals from the ground as there is growing demand for metals and minerals commodities. In addition, increasing preference towards different technologies like automation is lessening time required for mining activities and reducing labor cost too, which lead towards increase in the demand for mining equipment and drive the market growth. A few other major factors anticipated to increase the mining equipment market growth are increase in the need of mineral fertilizers and increase in the intake of natural resources like uranium, coal and diamond. But the strict government rules like emission norms, environmental concerns, significant rules and safety standards are anticipated to restrain the market growth.

 

Global Mining Equipment Market Segments By Application, Type & Region

 

By Application

 

  • Mineral Mining
  • Metal Mining
  • Coal Mining

 

By Type

 

  • Crushing, Pulverizing & Screening Equipment
    • Stationary
    • Portable
  • Mineral Processing Equipment
    • Portable
    • Stationary

 

  • Surface Mining Equipment
    • Articulated dump truck
    • Crawler excavator
    • Crawler dozer
    • Others

 

  • Mining Drills & Breakers
    • Drills
    • Breakers

 

  • Others

 

By Region

 

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • The UK
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Africa
    • Middle East

 

Asia Pacific obtained a huge share in the mining equipment market because of its plentiful deposits and rising product costs. This region provides several opportunities for the mining industry as there is huge scope for exploration of coal, bauxite and iron ore. On the other hand, North America is also anticipated to record growth rate because of its development in automotive technology. Another market boosting factor is this region is home for huge deposits of iron, copper and gold offers a number of exploration opportunities.

 

Competitive Analysis:

 

This segment of market report gives details according to competitor. These details include company financials, investment in development, revenue generated, regional presence, new product launch, market potential, new market initiatives and company strengths and weaknesses. Prominent industry players working in the market include the following:

 

  • Sandvik AB
  • Atlas Copco
  • Liebherr-International Deutschland GmbH
  • Terex Corporation, Mining Machines JSC
  • Hitachi Construction Machinery Co. Ltd
  • Komatsu Ltd
  • Equipment North Inc
  • ASTEC INDUSTRIES INC
  • Hyundai Heavy Industries Co. Ltd
  • RTM Equipment
  • eu
  • Konecranes
  • Doosan Corporation
  • XCMG Group
  • BEML Limited

 

 


Location

GEOGRAPHY

PBI Location Map

Description

The global mining equipment market size was valued at USD 144.37 billion and is anticipated to reach at a CAGR of 12.7% during the forecast period 2020-2027.

 

Global Mining Equipment Market Overview:

 

Mining Equipment consists of mining tools, crushing equipment, drills, feeding & conveying equipment. Minerals and metals are extracted from the ground making use of complex machinery, computerized remote controlled equipment and high-technology operations. Mining activity differs on the basis of kind of minerals and metals extracted from the earth.  Usually, there are two kinds of mining processes such as underground and surface mining. Each mining process requires different equipment according to the applications.  A few activities involved in mining are smelting, milling, smelting apart from digging. This market analysis covers details about trade rules, production analysis, market share, localized market players, market size, product launches and strategic market growth analysis

 

Global Mining Equipment Market Dynamics:

 

Increase in the coal use for the purpose of heating and electricity generation is going to drive the mining equipment market growth. The mining equipment market is booming because of the increase in mining activities to extract minerals and metals from the ground as there is growing demand for metals and minerals commodities. In addition, increasing preference towards different technologies like automation is lessening time required for mining activities and reducing labor cost too, which lead towards increase in the demand for mining equipment and drive the market growth. A few other major factors anticipated to increase the mining equipment market growth are increase in the need of mineral fertilizers and increase in the intake of natural resources like uranium, coal and diamond. But the strict government rules like emission norms, environmental concerns, significant rules and safety standards are anticipated to restrain the market growth.

 

Global Mining Equipment Market Segments By Application, Type & Region

 

By Application

 

  • Mineral Mining
  • Metal Mining
  • Coal Mining

 

By Type

 

  • Crushing, Pulverizing & Screening Equipment
    • Stationary
    • Portable
  • Mineral Processing Equipment
    • Portable
    • Stationary

 

  • Surface Mining Equipment
    • Articulated dump truck
    • Crawler excavator
    • Crawler dozer
    • Others

 

  • Mining Drills & Breakers
    • Drills
    • Breakers

 

  • Others

 

By Region

 

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • The UK
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Africa
    • Middle East

 

Asia Pacific obtained a huge share in the mining equipment market because of its plentiful deposits and rising product costs. This region provides several opportunities for the mining industry as there is huge scope for exploration of coal, bauxite and iron ore. On the other hand, North America is also anticipated to record growth rate because of its development in automotive technology. Another market boosting factor is this region is home for huge deposits of iron, copper and gold offers a number of exploration opportunities.

 

Competitive Analysis:

 

This segment of market report gives details according to competitor. These details include company financials, investment in development, revenue generated, regional presence, new product launch, market potential, new market initiatives and company strengths and weaknesses. Prominent industry players working in the market include the following:

 

  • Sandvik AB
  • Atlas Copco
  • Liebherr-International Deutschland GmbH
  • Terex Corporation, Mining Machines JSC
  • Hitachi Construction Machinery Co. Ltd
  • Komatsu Ltd
  • Equipment North Inc
  • ASTEC INDUSTRIES INC
  • Hyundai Heavy Industries Co. Ltd
  • RTM Equipment
  • eu
  • Konecranes
  • Doosan Corporation
  • XCMG Group
  • BEML Limited

 

 


Location

GEOGRAPHY

PBI Location Map

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX