Global Mining Equipment Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Mining Equipment market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Mining Equipment Market is valued at USD 116.78 Billion in 2018 and expected to reach USD 206.05 Billion by 2026 with the CAGR of 8.45% over the forecast period. Increasing demand of advanced mining equipments is driving the growth of Global Mining Equipment Market.
Mining equipment is basically used in mining area for different mining activities. The type of equipment varies according to the activities that are being carried out such as mining above or below ground or mining for gold, metals, coal or crude oil. Drilling machines, excavators, crushing and grinding equipment are some of the common type of mining equipments. For underground mining, equipments such as long wall machines, continuous miners, roof bolters, shuttle cars, rock dusters, scoops etc. are used. Furthermore, in case of surface mining, draglines, shovels, loaders, haul trucks, high wall miner, blast hole drills, dozers etc. are used.
Global mining equipment market is segmented on basis of into type, application and region & country level. On the basis of type, the mining equipment market is classified into mineral processing equipment, surface mining equipment and underground mining equipment. On the basis of area of application, the market is classified into metal mining, mineral mining, and coal mining.
The regions covered in this Mining Equipment Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of mining equipment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Mining Equipment Market Report: Some major key players for global mining equipment market are AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB and others.
Increasing Demand of Advanced Mining Equipment is Driving the Global Mining Equipment Market: The population growth rate, urbanization in China and other Asian countries, continued requirement of developed countries has generated high demand for minerals and metals which in turn propels the mining equipment market. Studies have demonstrated that when per capita income in a country reaches USD 5,000â€“10,000 per year, metal demand increases quickly in that particular region. The new mining equipment sare equipped with advanced technological sensors, cameras and automation systems that provides the operator to work more efficiently with improvement in production and less human resources, results in increasing investment in mining equipment by mining industry. Automation of physical mining jobs plays a vital role for easy day-to-day operations in mining industry.
Digital mining means compact labor power and increased automation across the value chain which fosters the mining equipment market growth. A new paper from the World Economic Forum and Accenture estimates that digitization could convey more than USD 425 Billion of value for the mining industry, customers, society and environment over the next 5 years to 2026. The mining industry is accepting innovative mining equipment like self-driving ore trucks and robotic mining drills and assistants, with the aim to make mining a man-less job. For example, the automated blast-hole drill system enables an operator using a single console at a location remote from the machinery to operate multiple drill rigs from multiple manufacturers. This trend in turn is helping the mining equipment market expansion. Adverse effect on environment and stringent government policies regarding mining activities may the hamper market growth.
Asia Pacific is Expected to Dominate the Global Mining Equipment Market: Asia pacific is dominating the global mining equipment market with highest market share of 63.51%. South and East Asia, led by new financial centers India and China, is leading the mining and metals segment globally by merger & acquisition as well as by investment activities with North American and European major players. North America is second dominating country in mining equipment market with the CAGR of 6.53% within the forecast period owing to the government supportive regulations and policies regarding mining safety, employment, environment, and equipment in this region. Europe is expected to witness a significant growth with a CAGR of 4.02%.
Global Mining Equipment Market Segmentation
â€¢Mineral Processing Equipment
â€¢Surface Mining Equipment
â€¢Underground Mining Equipment
By Area of Application:
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2026?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Mining Equipment Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Mining Equipment market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Mining Equipment market.
Chapter 2: Evaluating the leading manufacturers of the global Mining Equipment market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Mining Equipment market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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