Korea Business News

Mining Equipment Market Size Garner USD 100.30 billion by 2026

Press release   •   Sep 26, 2019 15:15 GMT

The global mining equipment market size was valued at approximately USD 71 billion in 2018 and is expected to generate revenue of around USD 100.30 billion by 2026, growing at a CAGR of around 5.3% between 2019 and 2026.

The growing trend of transitioning to digital mining is the major growth factor in the mining equipment market. Major mining sites are on the verge of adopting automated drones, vehicles; most of these devices use IoT (Internet of Technology) sensors to capture real-time data. For instance, Rio Tinto Group implemented 3D mapping at the West Angelas mining sites to improve mining exploration activities. However, high machinery cost and lack of skilled personnel might hamper this market’s growth in the upcoming years.

Get Free Sample Pages of Report@ https://www.visionresearchreports.com/report/sample/28950

By product, the mining equipment market is segmented into mineral processing equipment, surface mining equipment, mining drills and breakers, underground mining equipment, crushing, pulverizing, and screening equipment, and others. The surface mining equipment segment is anticipated to hold a major share in the mining equipment market in the upcoming years, due to the high adoption rates of these machines, which is fuelled by the rising demand for extraction of various minerals, such as metallic ore, non-metallic ore, and coal. This equipment supports in cost optimization due to its ability to crush, cut, and load in a single process. Based on application, the mining equipment market is categorized into metal mining, coal mining, and mineral mining. The metal mining segment is estimated to dominate during the forecast time period, due to the increase in resource mining and exploration activities and rise in the demand for base metals, such as platinum, gold, and copper. Coal mining, followed by metal mining, contributed considerably to this market in 2017, due to the coal usage in generating electricity.

Based on geography, Asia Pacific is likely to emerge as the leader in the mining equipment market during the forecast time period, due to the increasing demand for minerals from emerging economies, such as India and China. Increasing infrastructural developments are anticipated to enhance coal’s demand in this region, as it is one of the most significant raw materials for manufacturing steel and cement. In addition, governmental efforts related to consolidating coal mining companies are projected to open new growth avenues for this market in the upcoming years.

Request to Buy This Premium Report From Here@ https://www.visionresearchreports.com/report/cart/28950

North America is anticipated to show a considerable rate of growth during the forecast time period. The U.S. and Canada are estimated to contribute a major revenue share in this regional market. Increasing investments made by the government in the mining industry are expected to have positive implications on the revenue growth of the mining equipment market.

The Middle East and Africa, followed by North America and the Asia Pacific, is anticipated to show a sustainable rate of growth in the mining equipment market in the upcoming years. This growth rate can be attributed to the rising demand for mining equipment by the region’s petroleum industry. Additionally, untapped mining exploration areas also offer lucrative growth opportunities to the market players in this region.

Some of the major players operating in the global mining equipment market are Caterpillar Inc., CNH Industrial NV, Bradken Limited, Sandvik, Komatsu Ltd., Joy Global, AB Volvo, Astec Industries Incorporated, Hitachi Co. Ltd., Hyundai Heavy Industries Company Limited, Metso, Doosan Group, Wirtgen Group Holding GmbH, RCR Tomlinson Limited, Atlas Copco, Techint Group, Bell Equipment Limited, and Liebherr Group, among others.

Segmentation:

Global Mining Equipment Market: Product Segment Analysis

  • Mineral Processing Equipment
  • Surface Mining Equipment
  • Mining Drills & Breakers
  • Underground Mining Equipment
  • Crushing, Pulverizing, & Screening Equipment
  • Others

Global Mining Equipment Market: Application Segment Analysis

  • Metal Mining
  • Mineral Mining
  • Coal Mining

Global Mining Equipment Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Request to Buy This Premium Report From Here@ https://www.visionresearchreports.com/report/cart/28950

Table of Content

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Mining Equipment Market
2.2 Global Mining Equipment Market, By Product
2.3 Global Mining Equipment Market, By Application
2.4 Global Mining Equipment Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Mining Equipment Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
3.2 Key Market Trends and Future Outlook
3.2.1 Evolution of Mining Equipment Technology
3.2.2 Recent Trends
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Value Chain Analysis
3.8 Market Penetration Scenario, 2018
3.9 Competitive Analysis
3.9.1 Market Positioning of Key Vendors

Chapter 4 Mining Equipment Market by Product Type
4.1 Market Analysis
4.2 Global Drills & Breakers Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
4.3 Global Crushing, Pulverizing and Screening Equipment Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
4.4 Global Mineral Processing Machinery Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
4.5 Global Surface Mining Machinery Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
4.6 Global Underground mining Machinery Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
4.7 Global Others Machinery Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)

Chapter 5 Mining Equipment Market by Application
5.1 Market Analysis
5.2 Global Metal Mining Equipment Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
5.3 Global Minerals Mining Equipment Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)
5.4 Global Coal Mining Equipment Market Revenue and Growth, 2016 – 2026, (US$ Bn) (Thousand Units)

Chapter 6 North America Mining Equipment Market Analysis
6.1 Overview
6.2 North America Mining Equipment Market Analysis, By Product, 2016 – 2026 (US$ Bn and Thousand Units)
6.2.1 SRC Analysis
6.3 North America Mining Equipment Market Analysis, By Application, 2016 – 2026 (US$ Bn and Thousand Units)
6.3.1 SRC Analysis
6.4 North America Mining Equipment Market Analysis, By Country, 2016 – 2026 (US$ Bn and Thousand Units)
6.4.1 SRC Analysis

Chapter 7 Europe Mining Equipment Market Analysis
7.1 Overview
7.2 Europe Mining Equipment Market Analysis, By Product, 2016 – 2026 (US$ Bn and Thousand Units)
7.2.1 SRC Analysis
7.3 Europe Mining Equipment Market Analysis, By Application, 2016 – 2026 (US$ Bn and Thousand Units)
7.3.1 SRC Analysis
7.4 Europe Mining Equipment Market Analysis, By Country, 2016 – 2026 (US$ Bn and Thousand Units)
7.4.1 SRC Analysis

Chapter 8 Asia Pacific Mining Equipment Market Analysis
8.1 Overview
8.2 Asia Pacific Mining Equipment Market Analysis, By Product, 2016 – 2026 (US$ Bn and Thousand Units)
8.2.1 SRC Analysis
8.3 Asia Pacific Mining Equipment Market Analysis, By Application, 2016 – 2026 (US$ Bn and Thousand Units)
8.3.1 SRC Analysis
8.4 Asia Pacific Mining Equipment Market Analysis, By Country, 2016 – 2026 (US$ Bn and Thousand Units)
8.4.1 SRC Analysis

Chapter 9 Rest of the World (RoW)Mining Equipment Market Analysis
9.1 Overview
9.2 RoW Mining Equipment Market Analysis, By Product, 2016 – 2026 (US$ Bn and Thousand Units)
9.2.1 SRC Analysis
9.3 RoW Mining Equipment Market Analysis, By Application, 2016 – 2026 (US$ Bn and Thousand Units)
9.3.1 SRC Analysis
9.4 RoW Mining Equipment Market Analysis, By Country, 2016 – 2026 (US$ Bn and Thousand Units)
9.4.1 SRC Analysis
9.5 RoW Mining Equipment Market Analysis, By Country, 2016 – 2026 (US$ Bn and Thousand Units)
9.5.1 SRC Analysis

Chapter 10 Company Profiles
10.1 Atlas Copco AB
10.1.1 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 Machinery
10.3.1 Hitachi Construction Machinery: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.4 Joy Global Inc
10.4.1 Joy Global Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.5 Volvo Mining Equipment AB
10.5.1 Volvo Mining Equipment AB.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.6 Komatsu Limited
10.6.1 Komatsu Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.7 Metso
10.7.1 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 AB
10.9.1 Sandvik AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.10 Zhengzhou Coal Mining Machinery Group
10.10.1 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 Equipment
10.11.1 China National Coal Mining Equipment: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.12 Boart Longyear Ltd
10.12.1 Boart Longyear Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

Request to Buy This Premium Report From Here@ https://www.visionresearchreports.com/report/cart/28950