Global mining equipment market expected to generate revenue of around USD 98.50 billion by 2024, growing at a CAGR of around 5% between 2018 and 2024. The growing trend of transitioning to digital mining is the major growth factor in the mining equipment market.
Mining Equipment Market
The report covers a forecast and an analysis of the mining equipment market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on volume (K Units) and revenue (USD Billion). The study includes drivers and restraints for the mining equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the mining equipment market on a global level.
In order to give the users of this report a comprehensive view of the mining equipment market, we have included the competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the product segment and application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new application launch, agreements, partnerships, collaborations & joint ventures, research& development, application, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and the product portfolio of various companies according to the region.
The study provides a decisive view of the mining equipment market by segmenting the market based on product, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes the demand for mining equipment market based on all segments in all the regions and countries.
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.
This report segments the global mining equipment market as follows:
Global Mining Equipment Market: Product Segment Analysis
Global Mining Equipment Market: Application Segment Analysis
Global Mining Equipment Market: Regional Segment Analysis