Mining Equipment Market worth USD 173.21 Billion by 2022 with CAGR of 8.12% with Joy Global Inc, Komatsu Ltd, Atlas Copco, Caterpillar Inc., Metso Corporation, and Sandvik AB

The Report “Mining Equipment Market By Manufacturers, Regions, Type And Application” Highlights Key Dynamics Of Mining Equipment. The Potentiality Of This Sector Has Been Examined Along With The Significant Challenges And Growth Opportunities. The Present Market Scenario And Future Predictions Of The Sector Has Also Been Studied In-Depth In This Report.

Regional Outlook and Trend Analysis-mining equipment industry:

In 2015, the Asia Pacific mining equipment industry reported for around 60% of the market share, due to the existence of robust countries such as India, China, and Australia. Organizations in India are outsourcing ventures to mining service organizations with the segments becoming more prepared in the nation. The unexplored drilling and exploration potential in the country is projected to supply large market growth opportunities over the projected period. Furthermore, the opportunities for mineral exploration, infrastructure, and resources are escalating in the Middle East Asia region with the advent of fresh laws looking for funds.

Competitive Insights-mining equipment industry:

Few of the major market players are Joy Global Inc., Komatsu Ltd., Atlas Copco, Caterpillar Inc., Metso Corporation, and Sandvik AB. The amplified concentration on the different business aspects combined with cost-cutting in services and products are the strategies integrated by market players till the market gains its earlier impulse. Market players are also concentrating on present products with GPS technology, electronic control modules, and database instruments for improving product offering.

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Industry Outlook and Trend Analysis-mining equipment industry:

In 2012, the global Mining Equipment Market was evaluated around USD 79.35 billion and is expected to reach approximately USD 173.21 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 8.12% over the forecast period. Technological advancements like data transmission via real-time monitoring of activities and cloud networks have ensued in the growing utilization of smart mining solutions extending significant benefits across traditional mechanical products. The conversion from subversive to economical and innovative open pit mining is estimated to drive the demand for the next few years. Also, the expansion of high-performance tools has made it feasible without increasing the costs to a remove ores of declining grades. This drift is gradually noticeable in numerous steel manufacturing enterprises engaging to penetrate the mineral exploration segment for ensuring their sources of iron ore and coking coal at an affordable cost.

Product Outlook and Trend Analysis-mining equipment industry:

In 2015, drills & breakers reported for around 10.5% of the market share. The promoting demand for the secretive exploration of coal, minerals, and metal is anticipated to affect the market positively during the forecast years. The robust technology-based effective drilling solutions development is also projected to fuel the market growth. In 2015, the surface mining equipment ruled the market. This can be assigned to the lifting demand from the substitute market due to consumption of energy and safety policies together with strict emission measures. The rising domestic demand from the developing nations like India, China, South Africa, and Brazil, due to the quick escalating automation across the metal exploration industry, is anticipated to actuate the growth of the global market.

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Application Outlook and Trend Analysis-mining equipment industry:

In 2015, the metal mining application seized the leading revenue of around USD 27 billion, which can be assigned to the rising exploration and resource activities. Furthermore, the growing requirement for base metals, like copper, gold, silver, platinum, and others, is anticipated to bestow to the growth of market revenue. The requirement for gold has supported owing to its financial, emotional, and cultural value and is anticipated to increase further in the emerging countries.

The Mining Equipment Market is segmented as follows-

Mining Equipment Market, By Product, Estimates and Forecast, 2012-2022 ($Million)

Mining Drills & Breakers, Crushing, Pulverizing & Screening Equipment, Mineral Processing Machinery, Surface Mining Equipment, Underground Mining Machinery, Other Products

Mining Equipment Market, By Application, Estimates and Forecast, 2012-2022 ($Million)

Metal mining, Mineral mining, Coal mining

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Major TOC of Mining Equipment Market:

Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Mining Equipment Market, By Product
4.1. Introduction
4.2. Mining Equipment MarketAssessment and Forecast, By Product, 2012-2022
4.3. Mining Drills & Breakers
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Crushing, Pulverizing & Screening Equipment
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. Mineral processing machinery
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.6. Surface mining equipment
4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.7. Underground mining machinery
4.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.8. Other Products
4.8.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
Chapter 5. Mining Equipment Market, By Application
Chapter 6. Mining Equipment Market, By Region
Chapter 7. Company Profiles
Continue...

List of Tables
Table 1.Global Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 2.Mining Drills & Breakers Market, By Region, 2012-2022 ($Million)
Table 3.Crushing, Pulverizing & Screening EquipmentMarket, By Region, 2012-2022 ($Million)
Table 4.Mineral Processing Machinery Market, By Region, 2012-2022 ($Million)
Table 5.Surface Mining EquipmentMarket, By Region, 2012-2022 ($Million)
Table 6.Underground Mining Machinery Market, By Region, 2012-2022 ($Million)
Table 7.Other ProductsMarket, By Region, 2012-2022 ($Million)
Table 8.Global Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 9.Metal Mining Market, By Region, 2012-2022 ($Million)
Table 10.Mineral MiningMarket, By Region, 2012-2022 ($Million)
Table 11.Coal Mining Market, By Region, 2012-2022 ($Million)
Table 12.North America Mining Equipment Market, By Country, 2012-2022 ($Million)
…CONTINUED FOR TOC

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