Global Mining Equipment Market Is Expected To Cross The Mark Of USD 40 Billion By 2027 | Underground Mining Machinery Segment Is Ruling With More Than 35% Of Market Share

The way the mining industry operates has developed significantly in recent years, and further improvements are afoot as technology advances and are adopted globally. There are various major trends that are fundamentally transforming the industry into Smart Mining. Such as, the shift from diesel to electrification, there is digitalization, which is resulting in increased productivity and more sustainable use of resources while lowering input cost. Another one is automation, which will also increase productivity and change the way we work. How things develop in the next upcoming years has uncertainties. However, the future is shaped by the technological advancements and innovations of the present. Mining functioning depend significantly on machinery and technology to do everything from creating the mine itself to reliably and safely extracting the raw material within. Whether it’s gold mining equipment, tools for rock excavation or various other types of heavy machinery, they fill key roles when mining. According to the report, based on category market is segmented into crushing, pulverizing and screening machinery, mineral processing machinery, surface mining machinery and underground mining machinery. The underground mining machinery segment is leading the market with more than 35% of value market share, followed by the surface mining machinery.

According to the report title “Global Mining Equipment Market Outlook, 2027”, published by Bonafide Research, the mining equipment market is expected to reach more than USD 40 Billion by the year 2027. It is expected to expand at a compound annual growth rate (CAGR) of more than 4.9% from 2022 to 2027.

To avail the sample report for free:
https://www.bonafideresearch.com/samplereport/220469901/global-mining-equipments-market

Mining is one of the most indispensable integrants of modern society due to the use of mined minerals in almost every consumer product. Minerals, ore, metals, or other goods located deep underground require various techniques for their extraction. Mining may involve hard or soft rock, each of which requires specific tools to extract the materials. For instance, the mechanism used to dig soft materials might not provide enough power for cutting through hard rock. According to the report, based on application, market is segmented into mineral mining, metal mining and coal mining. The mineral mining segment is leading the market with more than 40% of value market share, followed by the metal mining segment which is the fastest growing segment among the other two. Based on propulsion type, market is segmented into diesel and CNG or LNG segments. The diesel segment is leading the market with more than 80% of value market share. Based on power output, market is segmented into below 500 HP, 500 to 2000 HP and above 2000 HP. The below 500 HP segment is leading the market with more than 40% of value market share.

Region-wise, Asia Pacific contributed the highest market share approx. 47% shares of the global market. Constant investments and increasing infrastructure projects is the key factors for driving the mining equipment market in the Asia-Pacific region. India offers a number of opportunities for the mining firms as there is consequential scope for exploration of iron ore, coal and bauxite. Furthermore, booming real estate sector in the country is anticipated to augment the demand for metal mining equipment, thereby contributing to regional growth. China is dominating the market with more than 25% of value market share and is expected to capture higher market share in the forecast periods.

Impact of Covid-19 on Mining Equipment Market:
The COVID-19 pandemic has affected the commodity markets in a variety of ways. Firm operations have been pretentious through isolated outbreaks and government dictated shutdowns and the demand for many commodities remain low with a lower near term stipulation on the horizon. The growth of mining equipment market also affected in pandemic situation. The stipulation for metallurgical coal and thermal coal has diminished, while the demand for gold and iron ore has increased. However, the market of miming equipments is expected to witness significant growth during the forecast period, as the increasing use of electric machinery in underground mining and increasing stipulation for metals and commodities occupy a major share in the market of mining equipment.

Major Companies present in the market:
Sandvik AB, Caterpillar Inc., Komastu Limited, Volvo Group, Liebherr Group, Hitachi Construction Machinery Co., Limited, EpirocAb, Sany Heavy Equipment International Holdings Company Limited, Doosan Infracore Co. Limited, Guangxi Liugong Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Xuzhou Construction Machinery Group (XCMG), Bharat Earth Movers Limited, J C Bamford Excavators Limited, Wirtgen Group, Mine Master Ltd, FIORI GROUP S.p.A., JSC, WackerNeuson Group, Equipment North Inc., RTM Equipment, Astec Industries, Inc., BELL Equipment, AARD Mining Equipment

Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Mining Equipment market with its value and forecast along with its segments
• Region & country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report
• North America – United States, Canada, Mexico
• Europe- Germany, United Kingdom, France, Italy, Spain, Russia
• Asia-Pacific – China, Japan, South Korea, India, Australia
• Latin America- Brazil, Argentina, Columbia
• Middle-East & Africa- UAE, Saudi Arabia, South Africa

By Category of Mining Equipment in the report:
• Crushing, pulverizing, screening machinery
• Mineral processing machinery
• Surface mining machinery
• Underground mining machinery

By Application in the report:
• Mineral Mining
• Metal Mining
• Coal Mining

By Propulsion in the report:
• Diesel
• CNG/LNG/RNG

By Power Output in the report:
• Below 500 HP
• 500 to 2,000 HP
• Above 2,000 HP

Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Mining Equipment Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Application
5.2.5. By Category
5.2.6. By Power Output
5.2.7. By Propulsion
…continue

To Access Complete Report: https://www.bonafideresearch.com/product/220469901/global-mining-equipments-market

Related Reports:
North America Mining Equipment Market
Europe Mining Equipment Market
Asia-Pacific Mining Equipment Market
South America Mining Equipment Market
Middle East & Africa Mining Equipment Market

Contact Us:
Bonafide Research
Steven Thomas, AM – Content Marketing
sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

About us: Bonafide Research is the fastest growing global market research and consulting company providing syndicated research reports, customized research reports, and consulting services to a range of verticals. They have been closely working with a wide client base ranging from Fortune 1000 companies to small and medium enterprises by helping them in tracking the constantly changing market scenario.

 

Mining Equipment Market Growing Popularity and Emerging Trends Globally | SANY GROUP, Doosan Corporation, Equipment North Inc., RTM Equipment, and More

Mining Equipment Market

Data Bridge Market Research recently introduced Mining Equipment Market research study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2026. The market Study is segmented by key regions which are accelerating the marketization. At present, the market is developing its presence and some of the key players in the study are Caterpillar, AB Volvo, Komatsu Ltd., Sandvik AB, Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co. Ltd., Terex Corporation, Mining Machines JSC, and more. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

Global mining equipment market is expected to rise from its initial estimated value of USD 76.75 billion in 2019 to an estimated value of USD 120.03 billion by 2026, registering a CAGR of 5.75% in the forecast period to 2026.

Get Sample Document of Report at https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-mining-equipment-market

Top Major Market Competitors: Caterpillar, AB Volvo, Komatsu Ltd., Sandvik AB, Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co. Ltd., Terex Corporation, Mining Machines JSC, Atlas Copco AB, SANY GROUP, Doosan Corporation, Equipment North Inc., RTM Equipment, DAKOTA EQUIPMENT MANUFACTURING INC., ASTEC INDUSTRIES INC., minemaster.eu, Konecranes, XCMG Group, BEML Limited, Hyundai Heavy Industries Co. Ltd., and AARD Mining Equipment.

Scope of the report

Years Considered: –        2020–2026

Base year: –                        2019

Forecast period: –            2020–2026 (Value (USD Million))

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automated Material Handling Systems in these regions, covering

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil etc.)
  • Middle East and Africa (Egypt and GCC Countries)

Click to view the full report TOC, figure and tables at https://www.databridgemarketresearch.com/toc/?dbmr=global-mining-equipment-market

What does the report offer?

Market Forecasts:

Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Mining Equipment Market.

Study on Key Market Trends:

This section of the report offers deeper analysis of latest and future trends of the Mining Equipment Market.

Analysis on Strategies of Leading Players: Market players can use this analysis to gain competitive advantage over their competitors in the Mining Equipment Market.

Regional Growth Analysis:

All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.

The study objectives of this report are:

  • To analyze Mining Equipment Market status, future forecast, growth opportunity, key market and key players.
  • To present the Mining Equipment Market development in United States, Europe and China.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by product type, market and key regions.

About Data Bridge Market Research

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.

Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact:

Data Bridge Market Research

US: +1 888 387 2818

UK: +44 208 089 1725

Hong Kong: +852 8192 7475

Email: Corporatesales@databridgemarketresearch.com

Mining Equipment Market Size, Share, Global Distribution of Revenue in Market by Method of Survey In 2020

The global Mining Equipment Market report by wide-ranging study of the Mining Equipment industry which covers comprehensively all aspects of the different industry verticals. This includes its past performance analysis, latest market performance estimation for the current year based on the drivers, challenges and trend. Furthermore, the future projection for the forecast period is also covered within the global Mining Equipment industry report. The Mining Equipment market segmentation provides the customer a comprehensive overview of the overall Mining Equipment industry, assisting them in making informed decisions through key insights into the Mining Equipment market. The segmentation is done on the basis of product, region, and application.

Get a PDF Sample of Global Mining Equipment Market report @ https://www.arcognizance.com/enquiry-sample/750417

Snapshot
The global Mining Equipment market size is estimated at xxx million USD with a CAGR xx% from 2015-2019 and is expected to reach xxx Million USD in 2020 with a CAGR xx% from 2020 to 2025. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Mining Equipment by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Surface Mining Machinery
Underground Mining Machinery
Mining Drills and Breakers
Crushing, Pulverizing and Screening Equipment

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
Caterpillar
Komatsu
AB Volvo
Hitachi Construction
Joy Global (P&H)
Sandvik
Atlas Copco
Metso
Thyssenkrupp
Liebherr
Terex Mining
Kawasaki
Zhengzhou Coal Mining Machinery
Weir Group
FLSmidth
Tenova TAKRAF
Doosan
SANYI
NHI
Furukawa

Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Metal Mining
Mineral Mining
Coal Mining

Browse Full Report with TOC @ https://www.arcognizance.com/report/global-mining-equipment-market-analysis-2015-2019-and-forecast-2020-2025

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Each company covered in the Mining Equipment market report includes a detailed company profile as well as their latest updates such as new product development, expansions, and acquisitions and mergers. The performance of each player in all Mining Equipment industry verticals is covered in the report.

Some of the key information covered in the Mining Equipment market report includes the market size, share for the segments, and the revenue generation in the market that includes the cost and profit statistics. This overall market outlook is the mainstay of the global Mining Equipment market report. The report does not shy away from going the extra mile for the customers by providing them with all the latest developments in the Mining Equipment market such as the news, updates, latest surveys conducted, as well as the substantial amount of statistics in tabular and graphical formats.

The report concludes with a detailed SWOT analysis to sum up the information covered in the global Mining Equipment market report, making it easier for the customers to plan their activities accordingly and experience great success in their endeavors. For more information on the Mining Equipment report, get in touch with arcognizance.

Buy this Report @ https://www.arcognizance.com/purchase/750417?license=single

Other Trending Report:

Global Video Wall Market Analysis 2015-2019 and Forecast 2020-2025 @ https://www.marketwatch.com/press-release/video-wall-market-global-distribution-of-revenue-in-market-by-method-of-survey-in-2020-2020-03-23

About us: Analytical Research Cognizance (ARC) is a trusted hub for research reports that critically renders accurate and statistical data for your business growth. Our extensive database of examined market reports places us amongst the best industry report firms. Our professionally equipped team further strengthens ARC’s potential. ARC works with the mission of creating a platform where marketers can have access to informative, latest and well researched reports. To achieve this aim our experts tactically scrutinize every report that comes under their eye.

Contact Us:
Ranjeet Dengale
Director Sales
Analytical Research Cognizance
Office no, 201, 2nd Floor, Jachak Chambers,
Pimple Saudagar, Pune – 411027, Maharashtra, India
+1 (646) 403-4695, +91 90967 44448
sales@arcognizance.com