Global Mining Equipment Market, By Equipment Type (Drills & Breakers, Pulverisers, Mineral Processor

Published Date: | Report Code : EQ1911196

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The Mining Equipment Market is expected to promise high growth owing to increasing demand for metals and minerals in recent years. Increasing demand from applications including Metal Mining, Coal Mining, Mineral Mining is expected to drive the growth of the mining equipment market. This market has witnessed a number of key developments by major companies including  Hitachi Construction Machinery, Doosan Corporate, Metso Corporation, Epiroc AB, Atlas Copco, Caterpillar, Sandvik, Timken Global, and Terex Corporation with focus on organic as well as inorganic growth strategies.  Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Mining equipment is used to remove minerals, metals, and geological materials such as nickel, copper, gold, silver, zinc, iron, platinum, diamond, etc., from under the surface of the earth. Mining is very destructive to the environment. It is one of the main causes of deforestation. Major types of mining equipment include crushers, pulverisers, screeners, drills & breakers, mineral processing machinery, among others. On the basis of application, the mining equipment market has been segmented into coal mining, metal mining, and mineral mining.

Within the global mining equipment market, the underground mining equipment segment is the largest due to the rising demand for metals and minerals all over the world.

Key Factors Impacting Market Growth:

  • Increasing demand for metals and minerals
  • Advanced mining equipment systems

Regional Analysis:

Major regions for the mining equipment market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for mining equipment owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major applications in these regions are estimated to be Metal Mining, Coal Mining, Mineral Mining. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the mining equipment market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region have witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. These industries, are estimated to register a high demand for the mining equipment market during the forecast period.

Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the mining equipment market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the mining equipment market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Hitachi Construction Machinery, Doosan Corporate, Metso Corporation, Epiroc AB, Atlas Copco, Caterpillar, Sandvik, Timken Global, and Terex Corporation  

Market Segmentation:

By Equipment Type:

  • Drills & Breakers
  • Pulverisers
  • Mineral Processors
  • Screeners
  • Others

By Mining Type:

  • Underground Mining
  • Surface Mining

By Application:

  • Metal Mining
  • Coal Mining
  • Mineral Mining

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Equipment Type
    • By Mining Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Equipment Type
    • By Mining Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Equipment Type
    • By Mining Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Equipment Type
    • By Mining Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Equipment Type
    • By Mining Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Equipment Type
    • By Mining Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global mining equipment market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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