World Mining Equipment Market revenue in world anticipated to expand at a CAGR of 7.9% by 2022

Press Release   •   Oct 19, 2016 14:27 EDT

Mining is an extraction process of obtaining coal, minerals, metals and other such materials from the earth. Mining is an important sector of the world economy, which generates employment and provides innumerable resources to other industries. Petroleum, coal, natural gas, and water are the main products extracted during mining, in addition to various substances comprising uranium, diamond, stone, rock, various chemicals, and geologically deposited substances. The world mining equipment is forecasted to grow at a CAGR of 7.9% during 2016 ‐ 2022, to reach over $150 billion by 2022. Major factors that boost the demand of mining equipment are rising demand for metal and mineral commodities and increasing consumption of natural resources, such as coal, diamond, and uranium.

Check Complete Report @ http://www.marketintelreports.com/report/allied0023/world-mining-equipment-market--opportunities-and-forecasts-20152022

Moreover, increasing need for mineral fertilizers to improve agricultural yield supplements the global mining equipment market. Major challenges for the players operating in the market are increasing cost of raw materials and strict government regulations. However, the rising demand for technologically advanced mining equipment, increasing usage of coal for heating and electricity generation and increasing construction of roads and railway tracks through hilly areas present various opportunities for the market growth. The world mining equipment market is segmented on the basis of equipment type, application, and geography. By equipment type, the market is further categorized into six segments: mineral processing equipment; surface mining equipment; underground mining equipment; mining drills & breakers; crushing, pulverizing, & screening equipment and others.

By application, the market is segmented as metal mining, mineral mining, and coal mining. Geographically, the market is classified into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is anticipated to be the largest market of mining equipment during the forecast period. India, China, Australia, and Indonesia are likely to be the main revenue-generating countries in Asia-Pacific. The report also provides a country-wise analysis of the key geographic regions. Companies profiled in the report are Caterpillar Inc., Komatsu Ltd., Sandvik, Joy Global, Hitachi Co. Ltd., Atlas Copco, AB Volvo, Doosan Group, Metso and Liebherr Group. KEY BENEFITS The report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets. The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.

Get Sample Brochure of the Report @

Quantitative analysis of the current trends and forecasts from 2016 to 2022 is provided to showcase the financial competency of the market. Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers. Value chain analysis provides a clear understanding of the roles of stakeholders involved.


  • By Type : Mineral processing equipment Surface mining equipment Underground mining equipment Mining drills & breakers Crushing, pulverizing, & screening equipment Others 
  • By Application : Metal mining Mineral mining Coal mining 
  • By Geography : North America U.S. Canada Mexico Europe Western Europe Eastern Europe Asia-Pacific China India Rest of APAC LAMEA Latin America Middle East & Africa 
  • Key Players : Caterpillar Inc.Komatsu Ltd. SandvikJoy Global Hitachi Co. Ltd. Atlas Copco AB Volvo Doosan Group MetsoLiebherr Group

Order a copy of World Mining Equipment Market Report now @ http://www.marketintelreports.com/purchase.php?id=allied0023

About us:

MarketIntelReports (MIR) aim to empower our clients to successfully manage and outperform in their business decisions, we do this by providing Premium Market Intelligence, Strategic Insights and Databases from a range of Global Publishers.

A group of industry veterans who are well experienced in reputed international consulting firms after identifying the sourcing needs of MNCs for market intelligence, have together started this business savior MarketIntelReports.

MIR intends to be a one-stop shop with an intuitive design, exhaustive database, expert assistance, secure cart checkout and data privacy integrated. It curates the list of reports, publishers and studies to ensure that the database is constantly updated to dynamically meet the targeted, specific needs of our clients.

MarketIntelReports currently has more than 10,000 plus titles and 35+ publishers on our platform and growing consistently to fill the “Global Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.

Contact us:
Mayur S
Sales Manager

2711 Centerville Road, Suite 400,
United States
Telephone: 1-302-261-5343