openPR Logo
Press release

Asia-Pacific Dominated The Global Mining Equipment Market With Highest Market Share Over The Forecast Period

05-02-2018 08:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Variant Market Research

Variant Market Research

Variant Market Research

Global Mining Equipment Market Report, published by Variant Market Research, forecast that the global market is expected to reach $167.7 Billion by 2024 from $98 Billion in 2016, growing at a CAGR of 6.9% from 2016 to 2024. By geography, Asia-Pacific and RoW are expected to grow at a CAGR of 7.6% and 6.9%, respectively, during the forecast period.
To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/energy-mining/mining-equipment-market
Some of the major drivers of global mining equipment market aregrowing consumption of petroleum, gold, and diamond, increasing demand for metal & mineral commodities, and elevated demand from agriculture sector for making fertilizers. However, high maintenance costs and strict government regulations would limit the growth of the market. Additionally, rising construction of roads and railways and surge in demand for coal in generating electricity would provide market opportunities in the forecast period.
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.
Get Table of Content (TOC) @https://www.variantmarketresearch.com/report-categories/energy-mining/mining-equipment-market/toc
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.
Click Here to Request a Free Sample PDF of This Report @https://www.variantmarketresearch.com/report-categories/energy-mining/mining-equipment-market/sample-request
Scope of Mining Equipment Market
Type Segments
• Mineral Processing Equipment
• Surface Mining Equipment
• Underground Mining Equipment
• Mining Drills & Breakers
• Crushing, Pulverizing, & Screening Equipment
• Others
Application Segments
• Metal Mining
• Mineral Mining
• Coal Mining
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o Western Europe
o Eastern Europe
• Asia-Pacific
o China
o India
o Others
• RoW
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.

Contact Us

John Dave,
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: john.dave@variantmarketresearch.com
Email: help@variantmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asia-Pacific Dominated The Global Mining Equipment Market With Highest Market Share Over The Forecast Period here

News-ID: 1035953 • Views: 220

More Releases from Variant Market Research

Global SCADA Market is Expected to Reach $48 Billion by 2024, Says Variant Marke …
Global SCADA Market Report, published by Variant Market Research, forecast that the global market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period. "SCADA Market (By Component: Programmable Logic Control, Human
Global Baby Diapers Industry Outlook: Growth in Per Capita Income to Drive the M …
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global baby diapers market size is projected to reach $72 Billion by 2024 from $48 Billion in 2016. In this report, baby diapers market forecast says that the global market is growing at 5.1% CAGR from 2016 to 2024.Geographically; Asia Pacific and RoW are expected to grow at a CAGR of 6.8% and 5.8%,
High adoption in End-User Industries Drives Global Corrugated Packaging Market
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global corrugated packaging market size is projected to reach $218 million by 2024 from $158 million in 2016. In this report, corrugated packaging market forecast says that the global market is growing at 4.1% CAGR from 2016 to 2024. Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/consumer-goods/corrugated-packaging-market/sample-request
Cold Pain Therapy Market is boosted due to increased sports activities
According to a new report published by Variant Market Research, the global cold pain therapy market size is forecasted to reach $1,185 Million by 2024 from $824 Million in 2016, growing at a CAGR of 4.6% from 2016 to 2024. Geographically, Asia-Pacific and Europe are expected to grow at a CAGR of 6.3% and 4.4%, respectively, during the forecast period says the report. Click Here to Request a Free Sample PDF

All 5 Releases


More Releases for Mining

Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe. Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due
Cloud Mining Explained
There are many ways you can participate in Mining Bitcoin and other Alt or Alternative coins and be a part of the ever-expanding Bitcoin Community. Bitcoin mining leasing companies allow you to participate and be part of the blockchain network by leasing out their Computing Power to the public. Leasing Companies do this to expand their own network while at the same time, letting less technically minded people get involved
Aluminum Mining Market
Global Aluminum Mining Market: Overview The extensive use of aluminum in multifarious applications over several industries is likely to bolster growth of the global aluminum mining market. The report discusses the major developments, restraints, growth drivers, and opportunities in the global aluminum mining market. The major market players have been discussed in detail, wherein their key market strategies, product portfolios, and market shares are revealed. The report also sheds light on value
Smart Mining Market
The advent of remote-controlled trucks at an iron ore mine resulted in increased safety of workers and operators. However, the manufacturer offered mining equipment to meet the safety standards as regulated by Mining Federal Agencies and contribute to sustainable environment without affecting the landscape. Moreover, increased adoption of infrared sensors and safety and security solutions at mining sites has led to remarkable growth of the smart mining market. View detail summary
Mining machine and gold mining equipment manufacturer
NanJing Sinonine Heavy Industry Science & Technology Co., Ltd is a high-tech enterprise as a leading mining equipment manufacturer and mining engineering EPC service provider in China. Sinonine has a strong production capacity, its products cover a full range of equipments for beneficiation engineering such as feeding & conveying, crushing & screening, grinding & classifying, flotation, gravity separation, magnetic separation, dewatering, drying & calcination, industrial grinding, industrial dust collecting,
Smart Mining Market:
Earlier, the mining industry was mainly dependent only on the labor force. Miners usually used tools such as iron chisels and hammers, compressed drills, pickaxes, and other manually operated tools for mining operations. Hence, to reduce the manual intervention in order to save the time utilized and associated costs there was a need for smart mining. The introduction of numerous smart mining technologies for carrying out mining operations thus has