Press Resease

Mining Equipment Market - Global Industry Analysis

Mining Equipment Market by Product (Mineral Processing Equipment, Surface Mining Equipment, Mining Drills & Breakers, Underground Mining Equipment, Crushing, Pulverizing, & Screening Equipment, and Others) and by Application (Metal Mining, Mineral Mining, and Coal Mining): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024

Published Date: 04-Dec-2018 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-3590 Status : Published

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.

Description

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.

Global Mining Equipment Market

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

  • Mineral Processing Equipment
  • Surface Mining Equipment
  • Mining Drills & Breakers
  • Underground Mining Equipment
  • Crushing, Pulverizing, & Screening Equipment
  • Others

Global Mining Equipment Market: Application Segment Analysis

  • Metal Mining
  • Mineral Mining
  • Coal Mining

Global Mining Equipment Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research scope
    • 1.3. Market Research Methodology
      • 1.3.1. Level 1: Primary Research
      • 1.3.2. Level 2: Secondary Research
      • 1.3.3. Level 3: Data Validation and Expert Panel Assessment
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global mining equipment market, 2015 - 2024(K Units)(USD Billion)
    • 2.2. Global mining equipment market: Snapshot
  •  
  • Chapter 3. Mining Equipment Market - Dynamics
    • 3.1. Introduction
      • 3.1.1. Classification of mining equipment
      • 3.1.2. Key trend analysis
    • 3.2. Market Drivers
      • 3.2.1. Drivers of the global mining equipment market: Impact analysis
      • 3.2.2. Replacement of the aging fleet
      • 3.2.3. Increased mineral production, coupled with stabilizing commodity prices
    • 3.3. Market Restraints
      • 3.3.1. Restraints for global mining equipment market: Impact analysis
      • 3.3.2. Stringent emission regulations on mining machinery
    • 3.4. Opportunities
      • 3.4.1. Technological developments in mining equipment
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Attractiveness Investment Proposition
      • 3.6.1. Market attractiveness analysis by product segment
      • 3.6.2. Market attractiveness analysis by application segment
      • 3.6.3. Market attractiveness analysis by region segment
  •  
  • Chapter 4. Global Mining Equipment Market - Competitive Landscape
    • 4.1. Company market share analysis, 2016 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Products Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.3. Research and Development, Products and Regional Expansion
  •  
  • Chapter 5. Global Mining Equipment Market - Product Analysis
    • 5.1. Mining equipment market: Product segment analysis
      • 5.1.1. Global mining equipment market share by product segment, 2017-2024
    • 5.2. Mineral processing equipment
      • 5.2.1. Overview
      • 5.2.2. Global mineral processing equipment market, 2015 - 2024, (K Units) (USD Billion)
    • 5.3. Surface mining equipment
      • 5.3.1. Overview
      • 5.3.2. Global surface mining equipment market, 2015 - 2024, (K Units) (USD Billion)
    • 5.4. Mining drills & breakers
      • 5.4.1. Overview
      • 5.4.2. Global mining drills & breakers market, 2015 - 2024, (K Units) (USD Billion)
    • 5.5. Underground mining equipment
      • 5.5.1. Overview
      • 5.5.2. Global underground mining equipment market, 2015 - 2024, (K Units) (USD Billion)
    • 5.6. Crushing, pulverizing, & screening equipment
      • 5.6.1. Overview
      • 5.6.2. Global crushing, pulverizing, & screening equipment market, 2015 - 2024, (K Units) (USD Billion)
    • 5.7. Others
      • 5.7.1. Overview
      • 5.7.2. Global others market, 2015 - 2024, (K Units) (USD Billion)
  •  
  • Chapter 6. Global Mining Equipment Market: Application Analysis
    • 6.1. Global mining equipment market: application overview
      • 6.1.1. Global mining equipment market volume share by application, 2017 and 2024
    • 6.2. Metal mining
      • 6.2.1. Overview
      • 6.2.2. Global mining equipment market for metal mining, 2015 - 2024 (K Units) (USD Billion)
    • 6.3. Mineral mining
      • 6.3.1. Overview
      • 6.3.2. Global mining equipment market for metal mining, 2015 - 2024 (K Units) (USD Billion)
    • 6.4. Coal mining
      • 6.4.1. Overview
      • 6.4.2. Global mining equipment market for coal mining, 2015 - 2024 (K Units) (USD Billion)
  •  
  • Chapter 7. Global Mining Equipment Market: Regional Analysis
    • 7.1. Global mining equipment market: Regional overview
      • 7.1.1. Global mining equipment market volume share by region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. Overview
      • 7.2.2. North America mining equipment market volume, by product, 2015 - 2024, (K Units)
      • 7.2.3. North America mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
      • 7.2.4. North America mining equipment market volume, by application, 2015 - 2024, (K Units)
      • 7.2.5. North America mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.2.6. The U.S.
        • 7.2.6.1. The U.S. mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.2.6.2. The U.S. mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.2.6.3. The U.S. mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.2.6.4. The U.S. mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.2.7. Rest of North America
        • 7.2.7.1. Rest of North America mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.2.7.2. Rest of North America mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.2.7.3. Rest of North America mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.2.7.4. Rest of North America mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
    • 7.3. Europe
      • 7.3.1. Overview
      • 7.3.2. Europe mining equipment market volume, by product, 2015 - 2024 (K Units)
      • 7.3.3. Europe mining equipment market revenue, by product, 2015 - 2024(USD Billion)
      • 7.3.4. Europe mining equipment market volume, by application, 2015 - 2024 (K Units)
      • 7.3.5. Europe mining equipment market revenue, by application, 2015 - 2024(USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.3.6.2. Germany mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.3.6.3. Germany mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.3.6.4. Germany mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.3.7. UK
        • 7.3.7.1. UK mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.3.7.2. UK mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.3.7.3. UK mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.3.7.4. UK mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.3.8. France
        • 7.3.8.1. France mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.3.8.2. France mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.3.8.3. France mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.3.8.4. France mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.3.9. Spain
        • 7.3.9.1. Spainmining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.3.9.2. Spainmining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.3.9.3. Spainmining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.3.9.4. Spainmining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.3.10.2. Rest of Europe mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.3.10.3. Rest of Europe mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.3.10.4. Rest of Europe mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Overview
      • 7.4.2. Asia Pacific mining equipment market volume, by product, 2015 - 2024 (K Units)
      • 7.4.3. Asia Pacific mining equipment market revenue, by product, 2015 - 2024(USD Billion)
      • 7.4.4. Asia Pacific mining equipment market volume, by application, 2015 - 2024 (K Units)
      • 7.4.5. Asia Pacific mining equipment market revenue, by application, 2015 - 2024(USD Billion)
      • 7.4.6. China
        • 7.4.6.1. China mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.4.6.2. China mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.4.6.3. China mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.4.6.4. China mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.4.7. Japan
        • 7.4.7.1. Japan mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.4.7.2. Japan mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.4.7.3. Japan mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.4.7.4. Japan mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.4.8. India
        • 7.4.8.1. India mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.4.8.2. India mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.4.8.3. India mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.4.8.4. India mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.4.9. Southeast Asia
        • 7.4.9.1. Southeast Asia mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.4.9.2. Southeast Asia mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.4.9.3. Southeast Asia mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.4.9.4. Southeast Asia mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.4.10.2. Rest of Asia Pacific mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.4.10.3. Rest of Asia Pacific mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.4.10.4. Rest of Asia Pacific mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Overview
      • 7.5.2. Latin America mining equipment market volume, by product, 2015 - 2024 ( K Units)
      • 7.5.3. Latin America mining equipment market revenue, by product, 2015 - 2024(USD Billion)
      • 7.5.4. Latin America mining equipment market volume, by application, 2015 - 2024 ( K Units)
      • 7.5.5. Latin America mining equipment market revenue, by application, 2015 - 2024(USD Billion)
      • 7.5.6. Brazil
        • 7.5.6.1. Brazil mining equipment market volume, by product, 2015 - 2024, ( K Units)
        • 7.5.6.2. Brazil mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.5.6.3. Brazil mining equipment market volume, by application, 2015 - 2024, ( K Units)
        • 7.5.6.4. Brazil mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America mining equipment market volume, by product, 2015 - 2024, ( K Units)
        • 7.5.7.2. Rest of Latin America mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.5.7.3. Rest of Latin America mining equipment market volume, by application, 2015 - 2024, ( K Units)
        • 7.5.7.4. Rest of Latin America mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. Overview
      • 7.6.2. The Middle East and Africa mining equipment market volume, by product, 2015 - 2024 ( K Units)
      • 7.6.3. The Middle East and Africa mining equipment market revenue, by product, 2015 - 2024(USD Billion)
      • 7.6.4. The Middle East and Africa mining equipment market volume, by application, 2015 - 2024 ( K Units)
      • 7.6.5. The Middle East and Africa mining equipment market revenue, by application, 2015 - 2024(USD Billion)
      • 7.6.6. GCC Countries
        • 7.6.6.1. GCC Countriesmining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.6.6.2. GCC Countriesmining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.6.6.3. GCC Countriesmining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.6.6.4. GCC Countriesmining equipment market revenue, by application, 2015 - 2024, (USD Billion)
      • 7.6.7. Rest of the Middle East and Africa
        • 7.6.7.1. Rest of the Middle East and Africa mining equipment market volume, by product, 2015 - 2024, (K Units)
        • 7.6.7.2. Rest of the Middle East and Africa mining equipment market revenue, by product, 2015 - 2024, (USD Billion)
        • 7.6.7.3. Rest of the Middle East and Africa mining equipment market volume, by application, 2015 - 2024, (K Units)
        • 7.6.7.4. Rest of the Middle East and Africa mining equipment market revenue, by application, 2015 - 2024, (USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Caterpillar Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. CNH Industrial NV
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Sandvik
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Komatsu Ltd.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Joy Global
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Atlas Copco
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Hitachi Co. Ltd.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Astec Industries Incorporated
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Hyundai Heavy Industries Company Limited
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Metso
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

List of Figures

1. Market research process
2. Market research methodology
3. Global mining equipment market volume and revenue, 2015 - 2024 (K Units) (USD Billion)
4. Porter’s five forces analysis
5. Construction fabrics: Market attractiveness analysis, by product segment
6. Construction fabrics: Market attractiveness analysis, by application segment
7. Construction fabrics: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2016
9. Global  mining equipment market volume share by product, 2016 and 2024
10. Global mining equipment market for mineral processing equipment market, 2015 – 2024 (K Units) (USD Billion) 
11. Global mining equipment market for surface mining equipment market, 2015 – 2024 (K Units) (USD Billion) 
12. Global mining equipment market for mining drills & breakers market, 2015 – 2024 (K Units) (USD Billion) 
13. Global mining equipment market for underground mining equipment market, 2015 – 2024 (K Units) (USD Billion) 
14. Global mining equipment market for crushing, pulverizing, & screening equipment market, 2015 – 2024 (K Units) (USD Billion)
15. Global mining equipment market for others market, 2015 – 2024 (K Units) (USD Billion) 
16. Global mining equipment market volume share by application, 2016 and 2024
17. Global mining equipment market for metal mining, 2015 – 2024 (K Units) (USD Billion)
18. Global mining equipment market for mineral mining, 2015 – 2024 (K Units) (USD Billion)
19. Global mining equipment market for coal mining, 2015 – 2024 (K Units) (USD Billion) 
20. Global mining equipment market volume share by region, 2016 and 2024
21. North America mining equipment market, 2015 - 2024, (K Units) (USD Billion)
22. Europe mining equipment market, 2015 - 2024, (K Units) (USD Billion)
23. Asia Pacific mining equipment market, 2015 - 2024, (K Units) (USD Billion)
24. Latin America mining equipment market, 2015 - 2024, (K Units) (USD Billion)
25. The Middle East and Africa mining equipment market, 2015 - 2024, (K Units) (USD Billion)


List of Tables

1. Construction fabrics market: Market Snapshot
2. Products of the mining equipment market 
3. Drivers of the global mining equipment market: Impact analysis 
4. Restraints of global mining equipment market: Impact analysis
5. North America mining equipment market volume, by product, 2015 - 2024 (K Units) 
6. North America mining equipment market revenue, by product, 2015 - 2024(USD Billion)
7. North America mining equipment market volume, by application, 2015 - 2024 (K Units) 
8. North America mining equipment market revenue, by application, 2015 - 2024(USD Billion)
9. The U.S. mining equipment market volume, by product, 2015 - 2024 (K Units) 
10. The U.S. mining equipment market revenue, by product, 2015 - 2024(USD Billion)
11. The U.S. mining equipment market volume, by application, 2015 - 2024 (K Units) 
12. The U.S. mining equipment market revenue, by application, 2015 - 2024(USD Billion)
13. Rest of North America mining equipment market volume, by product, 2015 - 2024 (K Units) 
14. Rest of North America mining equipment market revenue, by product, 2015 - 2024(USD Billion)
15. Rest of North America mining equipment market volume, by application, 2015 - 2024 (K Units) 
16. Rest of North America mining equipment market revenue, by application, 2015 - 2024(USD Billion)
17. Europe mining equipment market volume, by product, 2015 - 2024 (K Units) 
18. Europe mining equipment market revenue, by product, 2015 - 2024(USD Billion)
19. Europe mining equipment market volume, by application, 2015 – 2024 (K Units) 
20. Europe mining equipment market revenue, by application, 2015 – 2024(USD Billion)
21. Germany mining equipment market volume, by product, 2015 - 2024 (K Units) 
22. Germany mining equipment market revenue, by product, 2015 - 2024(USD Billion)
23. Germany mining equipment market volume, by application, 2015 – 2024 (K Units) 
24. Germany mining equipment market revenue, by application, 2015 – 2024(USD Billion)
25. UK mining equipment market volume, by product, 2015 - 2024 (K Units) 
26. UK mining equipment market revenue, by product, 2015 - 2024(USD Billion)
27. UK mining equipment market volume, by application, 2015 – 2024 (K Units) 
28. UK mining equipment market revenue, by application, 2015 – 2024(USD Billion)
29. France mining equipment market volume, by product, 2015 - 2024 (K Units) 
30. France mining equipment market revenue, by product, 2015 - 2024(USD Billion)
31. France mining equipment market volume, by application, 2015 – 2024 (K Units) 
32. France mining equipment market revenue, by application, 2015 – 2024(USD Billion)
33. Spain mining equipment market volume, by product, 2015 - 2024 (K Units) 
34. Spain mining equipment market revenue, by product, 2015 - 2024(USD Billion)
35. Spain mining equipment market volume, by application, 2015 – 2024 (K Units) 
36. Spain mining equipment market revenue, by application, 2015 – 2024(USD Billion)
37. Rest of Europe mining equipment market volume, by product, 2015 - 2024 (K Units) 
38. Rest of Europe mining equipment market revenue, by product, 2015 - 2024(USD Billion)
39. Rest of Europe mining equipment market volume, by application, 2015 – 2024 (K Units) 
40. Rest of Europe mining equipment market revenue, by application, 2015 – 2024(USD Billion)
41. Asia Pacific mining equipment market volume, by product, 2015 - 2024 (K Units) 
42. Asia Pacific mining equipment market revenue, by product, 2015 - 2024(USD Billion)
43. Asia Pacific mining equipment market volume, by application, 2015 – 2024 (K Units) 
44. Asia Pacific mining equipment market revenue, by application, 2015 – 2024(USD Billion)
45. China mining equipment market volume, by product, 2015 - 2024 (K Units) 
46. China mining equipment market revenue, by product, 2015 - 2024(USD Billion)
47. China mining equipment market volume, by application, 2015 – 2024 (K Units) 
48. China mining equipment market revenue, by application, 2015 – 2024(USD Billion)
49. Japan mining equipment market volume, by product, 2015 - 2024 (K Units) 
50. Japan mining equipment market revenue, by product, 2015 - 2024(USD Billion)
51. Japan mining equipment market volume, by application, 2015 – 2024 (K Units) 
52. Japan mining equipment market revenue, by application, 2015 – 2024(USD Billion)
53. India mining equipment market volume, by product, 2015 - 2024 (K Units) 
54. India mining equipment market revenue, by product, 2015 - 2024(USD Billion)
55. India mining equipment market volume, by application, 2015 – 2024 (K Units) 
56. India mining equipment market revenue, by application, 2015 – 2024(USD Billion)
57. Southeast Asia mining equipment market volume, by product, 2015 - 2024 (K Units) 
58. Southeast Asia mining equipment market revenue, by product, 2015 - 2024(USD Billion)
59. Southeast Asia mining equipment market volume, by application, 2015 – 2024 (K Units) 
60. Southeast Asia mining equipment market revenue, by application, 2015 – 2024(USD Billion)
61. Rest of Asia Pacific mining equipment market volume, by product, 2015 - 2024 (K Units) 
62. Rest of Asia Pacific mining equipment market revenue, by product, 2015 - 2024(USD Billion)
63. Rest of Asia Pacific mining equipment market volume, by application, 2015 – 2024 (K Units) 
64. Rest of Asia Pacific mining equipment market revenue, by application, 2015 – 2024(USD Billion)
65. Latin America mining equipment market volume, by product, 2015 - 2024 (K Units) 
66. Latin America mining equipment market revenue, by product, 2015 - 2024(USD Billion)
67. Latin America mining equipment market volume, by application, 2015 – 2024 (K Units) 
68. Latin America mining equipment market revenue, by application, 2015 – 2024(USD Billion)
69. Brazil mining equipment market volume, by product, 2015 - 2024 (K Units) 
70. Brazil mining equipment market revenue, by product, 2015 - 2024(USD Billion)
71. Brazil mining equipment market volume, by application, 2015 – 2024 (K Units) 
72. Brazil mining equipment market revenue, by application, 2015 – 2024(USD Billion)
73. Rest of Latin America mining equipment market volume, by product, 2015 - 2024 (K Units) 
74. Rest of Latin America mining equipment market revenue, by product, 2015 - 2024(USD Billion)
75. Rest of Latin America mining equipment market volume, by application, 2015 – 2024 (K Units) 
76. Rest of Latin America mining equipment market revenue, by application, 2015 – 2024(USD Billion)
77. The Middle East and Africa mining equipment market volume, by product, 2015 - 2024 (K Units) 
78. The Middle East and Africa mining equipment market revenue, by product, 2015 - 2024(USD Billion)
79. The Middle East and Africa mining equipment market volume, by application, 2015 – 2024 (K Units) 
80. The Middle East and Africa mining equipment market revenue, by application, 2015 – 2024(USD Billion)
81. GCC Countries mining equipment market volume, by product, 2015 - 2024 (K Units) 
82. GCC Countries mining equipment market revenue, by product, 2015 - 2024(USD Billion)
83. GCC Countries mining equipment market volume, by application, 2015 – 2024 (K Units) 
84. GCC Countries mining equipment market revenue, by application, 2015 – 2024(USD Billion)
85. Rest of the Middle East and Africa mining equipment market volume, by product, 2015 - 2024 (K Units) 
86. Rest of the Middle East and Africa mining equipment market revenue, by product, 2015 - 2024(USD Billion)
87. Rest of the Middle East and Africa mining equipment market volume, by application, 2015 – 2024 (K Units) 
88. Rest of the Middle East and Africa mining equipment market revenue, by application, 2015 – 2024(USD Billion)

Methodology

Free Analysis

Mining is the process of obtaining minerals and rare metals from deep inside the earth. It can be defined, in the wider sense, as the extraction of non-renewable resources, such as petroleum, natural gas, coal, limestone, etc.

The rising demand for metals and minerals and the increasing consumption have positively influenced the expansion of the mining equipment market and are likely to play a major role in encouraging the mining equipment manufacturers to offer technologically advanced equipment in the future. This, in turn, is expected to help them to perform mining operations in a better way, such as crushing, drilling, and pulverizing. Moreover, increasing mining activities and the rising use of automation in mining operations are likely to boost this market during the forecast time period. Furthermore, the growing trend of transitioning to digital mining is the major growth factor in the mining equipment market. Major mining sites are on the verge of adopting automated drones, vehicles; most of these devices use IoT (Internet of Technology) sensors to capture real-time data. For instance, Rio Tinto Group implemented 3D mapping at the West Angelas mining sites to improve mining exploration activities. However, high machinery cost and lack of skilled personnel might hamper this market’s growth in the upcoming years. Additionally, high maintenance costs and lack of appropriate training to handle the equipment are estimated to pose serious challenges in this market’s growth in the years to come.

Global Mining Equipment Market

By product, the mining equipment market is segmented into mineral processing equipment, surface mining equipment, mining drills and breakers, underground mining equipment, crushing, pulverizing, and screening equipment, and others. Based on application, this market is categorized into metal mining, coal mining, and mineral mining.

Based on geography, Asia Pacific is likely to emerge as the leader in the mining equipment market during the forecast time period, due to the increasing demand for minerals from emerging economies, such as India and China. Increasing infrastructural developments are anticipated to enhance coal’s demand in this region, as it is one of the most significant raw materials for manufacturing steel and cement. In addition, governmental efforts related to consolidating coal mining companies are projected to open new growth avenues for this market in the upcoming years.

Some of the major players operating in the 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 and among others.

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