The latest research study by IMARC Group, “Mining Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on Keyword global mining equipment market share. The market reached US$ 142.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 193.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.91% during 2023-2028.
Mining equipment represent numerous tools and machines used to extract industrial minerals, metals, oil, water, coal, etc., that are buried deep inside the earth. They include haulers, excavators, crawler dozers, articulated dump trucks, crawler excavators, etc. Mining equipment assist in material handling, digging, pushing, removing waste materials, etc. Reliable and efficient equipment make mining easier as well as safer, aids in improving productivity, promotes cost-effectiveness, etc. As a result, mining equipment is extensively used to ensure the safety and productivity of workers.
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Mining Equipment Market Trends and Drivers:
The increasing number of construction activities across countries, owing to the expanding global population, is augmenting the demand for the extraction of natural resources, such as copper, coal, iron, aluminum, etc., which is primarily driving the mining equipment market. Furthermore, the inflating need for energy and power generation, on account of the elevating levels of industrialization and the growing infrastructure development projects, is bolstering the market growth. Apart from this, the rising focus of mining companies on using more advanced equipment and machinery to save time and increase productivity is acting as another significant growth-inducing factor. Moreover, continuous improvements and innovations in extraction technologies by leading manufacturers operating in the mining sector to minimize the cost of extraction and equipment maintenance are also positively influencing the global market. Besides this, the widespread adoption of renewable energy sources is further catalyzing the market growth. Additionally, the introduction of variants that are integrated with telematics solutions is anticipated to fuel the mining equipment market over the forecasted period.
|Base Year of the Analysis||2022|
|Segment Coverage||Type, Equipment, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AARD Mining Equipment, Astec Industries Inc., Atlas Copco AB, Boart Longyear Ltd., Caterpillar Inc, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd), J.C. Bamford Excavators Limited, Komatsu Ltd., Liebherr-International AG, Metso Corporation, Sandvik AB and XCMG Group|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499|
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Mining Equipment Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AARD Mining Equipment, Astec Industries Inc., Atlas Copco AB, Boart Longyear Ltd., Caterpillar Inc, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd), J.C. Bamford Excavators Limited, Komatsu Ltd., Liebherr-International AG, Metso Corporation, Sandvik AB and XCMG Group.
The report has been segmented the market into following categories:
Breakup by Type:
- Motor Graders
- Dump Trucks
Breakup by Equipment:
- Underground Mining
- Surface Mining
- Crushing, Pulverizing and Screening
- Drills and Breakers
Breakup by Application:
- Metal Mining
- Mineral Mining
- Coal Mining
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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