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

 

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Report

Description

The global mining equipment market size was valued at USD 144.37 billion and is anticipated to reach a CAGR of 12.7% during the forecast period 2021-2027. mining equipment market 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. As digitization and automation gain traction, technology is becoming a major differentiating feature for manufacturers and mining firms. Key players are concentrating on lowering extraction and equipment maintenance costs. Furthermore, the industry has seen widespread adoption of several clusters of technologies to improve operational efficiency, such as robotics and automation, smart sensors, and 3D printing. For example, ABB Ltd. launched the Ability Smart Sensor in January 2019 to assess the condition of mounted bearings in order to save downtime in mining during material handling. 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


Global Mining Equipment Market

MARKET SUMMARY
-
12.7%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 12.7%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Mining Equipment Market

  • Global Mining Equipment Market Segments By Application, By Type, and By Geography.
  • Mining Equipment Market gives historical, current, and future market sizes (US$ Bn) of product type and distribution channel and geographic regions.
  • This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, the market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the market report include suppliers, manufacturers, marketers, policy makers engaged in manufacturing and supply of Infant nutrition
Market Key Players
  • 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
Growth

Mining Equipment Market

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.


Asia-Pacific Got Significant Share

Mining Equipment Market

global Mining Equipment Market is segmented into five key regions Europe, North America, Latin America Asia-Pacific, and Middle East & Africa. 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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Mining Equipment Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • 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

Description

The global mining equipment market size was valued at USD 144.37 billion and is anticipated to reach a CAGR of 12.7% during the forecast period 2021-2027. mining equipment market 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. As digitization and automation gain traction, technology is becoming a major differentiating feature for manufacturers and mining firms. Key players are concentrating on lowering extraction and equipment maintenance costs. Furthermore, the industry has seen widespread adoption of several clusters of technologies to improve operational efficiency, such as robotics and automation, smart sensors, and 3D printing. For example, ABB Ltd. launched the Ability Smart Sensor in January 2019 to assess the condition of mounted bearings in order to save downtime in mining during material handling. 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

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