Asia-Pacific Dominated The Global Mining Equipment Market With Highest Market Share Over The Forecast Period
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Global mining equipment market has been bifurcated into type, application, and geography. Type segment comprises mineral processing equipment, surface mining equipment,underground mining equipment, mining drills & breakers, pulverizing, & screening equipment,crushing, and other types. Surface mining equipment accounted for the largest market share in 2016, and expected to remain the highest over the forecast period 2016 - 2024. Application segment includesmineral mining, metal mining, and coal mining. Metal mining dominated the segment with highest market share, driven byhuge demand for precious metals such as gold, silver, aluminium and platinum.
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North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the regions covered in the report. Asia-Pacific accounted for the majority of the market share in 2016, driven by presence of large volume of untapped resources, improving technologies and legislatives, and rising investments on several mining projects. Increasing demand for coal in countries such as India and China is also supplementing market growth in the region. RoW held the second largest market share with 13.5% in 2016.
Major key players in the market are Metso, Komatsu Ltd., Sandvik, Caterpillar Inc., Joy Global, Atlas Copco, AB Volvo,Hitachi Co. Ltd., Liebherr Group, and Doosan Group, among others.
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Scope of Mining Equipment Market
• Mineral Processing Equipment
• Surface Mining Equipment
• Underground Mining Equipment
• Mining Drills & Breakers
• Crushing, Pulverizing, & Screening Equipment
• Metal Mining
• Mineral Mining
• Coal Mining
• North America
o Western Europe
o Eastern Europe
o South America
o Middle East & Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense& Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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