The global mining equipment market size was valued at USD 72.39 billion in 2015. Technological developments, such as data transmission through cloud networks and real. Global Mining Review 2016 (pdf) - PwC. Goldstein Research provide detailed overview of Global Mining Automaton Industry Market, with its segments by type (product, applications, regions), market share and.
Visit BMI Research to discover our global mining industry analysis, forecasts and investment decisions in developed, emerging and frontier markets. Discover all statistics and data on Mining now on statista.com! Gross output of total U.S. mining industry Market value of the leading mining. The global mining equipment market size was valued at USD 72.39 billion in 2015. Technological developments, such as data transmission through cloud networks and real. Global Mining Review 2016 (pdf) - PwC. Goldstein Research provide detailed overview of Global Mining Automaton Industry Market, with its segments by type (product, applications, regions), market share and.
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Mining Equipment Market to Grow by 2022 supported by Mergers and AcquisitionsGoldstein Research provide detailed overview of Global Mining Automaton Industry Market, with its segments by type (product, applications, regions), market share and. Global mining equipment market is expected to reach USD 117.0 billion by 2018 from USD 71.5 billion in 2012 at a CAGR of 8.6% from 2012 to 2018. Copper mining market can be segmented on the basis of mining methods used into Open pit mining and Underground mining.This research report analyzes this market. Infiniti Research provides metals & mining sector market research solutions, mining market insight, growth opportunity & case studies to address market gaps. Mining Equipment Market to grow $156 bn by 2022 with Mergers and Acquisitions of industry leaders like, Komatsu to buy Joy Global. View Top Market Reports on Your Industry & Get Immediate Download Access.
Infiniti Research provides metals & mining sector market research solutions, mining market insight, growth opportunity & case studies to address market gaps. Mining Equipment Market to grow $156 bn by 2022 with Mergers and Acquisitions of industry leaders like, Komatsu to buy Joy Global. Infiniti Research provides metals & mining sector market research solutions, mining market insight, growth opportunity & case studies to address market gaps.
Mining Equipment Market Overview:
Global Mining Equipment Market is expected to garner $155.9 billion by 2022, registering a CAGR of 7.9% during the forecast period 2016 - 2022. 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.
Leading companies in the mining equipment market such as Caterpillar Inc.; Metso, Komatsu Ltd.; Joy Global Inc. Inc. Sandvik; Hitachi Co. Ltd., and others, have witnessed a significant growth in the past few years. Innovative products, such as remote-controlled mining equipment, launched by these players have increased their overall consumer base. Moreover, other players operating in the mining equipment market such as AB Volvo, Doosan Group; Atlas Copco, and Liebherr Group are expected to strengthen their product line with higher technology products, to meet the increasing demands of the consumers. Players operating in the mining equipment market have focused on the development and launch of high-quality products, depending on the needs and preferences of consumers, to keep up with the recent technological advancement. Moreover, innovative marketing and positioning strategies of players have helped to increase the overall market size.
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. Moreover, increasing need for mineral fertilizers to improve agricultural yield supplements the global mining equipment market. Major challenges for the players operating in the mining equipment 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 mining equipment 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. The demand for precious metals, such as gold, silver, copper, titanium, and bauxite is an important factor boosting the global mining equipment market. The demand for technologically advanced mining equipment such as, remote monitoring mining equipment is causing the mining equipment market to expand in developed regions.
Mining drills and breakers is the fastest growing segment, followed by crushing, pulverizing, and screening equipment. By application, the mining equipment market is segmented as metal mining, mineral mining, and coal mining. Geographically, the mining equipment 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. Developing countries such as India, China and Indonesia have witnessed an increasing demand in the mining equipment market.
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.
- 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.
- 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.
Mining Equipment Market Key Segments:
- Mineral processing equipment
- Surface mining equipment
- Underground mining equipment
- Mining drills & breakers
- Crushing, pulverizing, & screening equipment
- Metal mining
- Mineral mining
- Coal mining
- North America
- Western Europe
- Eastern Europe
- Latin America
- Middle East & Africa
- Caterpillar Inc.
- Komatsu Ltd.
- Joy Global
- Hitachi Co. Ltd.
- Atlas Copco
- AB Volvo
- Doosan Group
- Liebherr Group
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