openPR Logo
Press release

Mining Equipment Market will register the CAGR of 5.5% Till 2026 | Top Key Players Caterpillar Inc., Komatsu Ltd., Hitachi Ltd.

11-19-2018 06:11 PM CET | Industry, Real Estate & Construction

Press release from: Polaris Market Research & Consulting

Mining Equipment Market

Mining Equipment Market

Global Mining Equipment Market Size Estimated to Reach US$ 121.4 billion By 2026 and is anticipated to grow at a CAGR of 5.5% during the forecast period according to a new study published by Polaris Market Research.

The new report “Mining Equipment Market, [By Type (Surface Mining Equipment, Underground Mining Equipment); By Product (Mining Drills and Breakers, Mineral Processing Machinery, Crushing, Pulverizing and Screening Equipment, Others); By Application (Metal Mining, Mineral Mining, Coal Mining, Others); By Region]; Market Size & Forecast, 2018 – 2026” indicates that the global mining equipment market generated US$ 75.6 billion in 2018.

Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/Mining-Equipment-Market/request-for-free-sample

Mining equipment is used for extraction of minerals and rare metals from the earth. This equipment is commonly used for extraction of resources such as metals, minerals, coal, and petroleum among others. Mining involves operations, which include drilling, crushing, and pulverizing.

The demand for mining equipment market has increased over the years owing to decreasing ore grades, and growing demand for metals and minerals. The growth in global mining industry and increasing demand for non-renewable resources such as coal and petroleum has resulted in market growth. However, high investment costs associated with mining equipment, stringent government regulations, and increasing prices of raw material would hamper the market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Mining Equipment Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Browse Complete summary of this report with TOC on “Mining Equipment Market by Application and End User – Global Industry Analysis and Forecast to 2026” at: https://www.polarismarketresearch.com/industry-analysis/Mining-Equipment-Market/

Asia-Pacific generated the highest revenue in the mining equipment market in 2017 owing to increasing demand of precious and semi-precious metals such as gold, silver, platinum, and copper among others. Growing industrialization along with growth in mining industry has resulted in increasing adoption of mining equipment in the region. Rising demand for petroleum and coal resources in the region, along with rising industrialization in developing countries of this region boost the adoption of mining equipment market in the region.

Competitive Landscape and Key Vendors

The global Mining Equipment market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Enquire about this Report @ https://www.polarismarketresearch.com/industry-analysis/Mining-Equipment-Market/inquire-before-buying

Top Key Players

• Caterpillar Inc.
• Komatsu Ltd.
• Hitachi Ltd.
• AB Volvo
• Liebherr Group
• Atlas Copco AB
• China Coal Technology and Engineering Group Corp.
• Joy Global Inc.
• Metso Corporation
• Sandvik AB
• Northern Heavy Industries Group Co. Ltd.

Key Segments

Type

• Surface Mining Equipment
• Underground Mining Equipment

Product

• Mining Drills and Breakers
• Mineral Processing Machinery
• Crushing, Pulverizing and Screening Equipment
• Others

Application

• Metal Mining
• Mineral Mining
• Coal Mining
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Customized Research Report As per your Requirements: https://www.polarismarketresearch.com/industry-analysis/Mining-Equipment-Market/request-for-customization

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.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 Mining Equipment Market will register the CAGR of 5.5% Till 2026 | Top Key Players Caterpillar Inc., Komatsu Ltd., Hitachi Ltd. here

News-ID: 1382863 • Views: 1283

More Releases from Polaris Market Research & Consulting

Access Control System Market 2027 | 3M Cogent Inc., Accu-Time Systems Inc., Awar …
Polaris Market Research has announced the addition of the " Access Control System Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Access Control System Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Download Sample Copy: https://www.polarismarketresearch.com/industry-analysis/access-control-system-market/request-for-sample The key players covered in this study • Honeywell International • Bosch security • Johnson Controls • Accu-Time Systems Inc. • Bio-Key International Inc. • United
Special Effect Masterbatches Market Size Worth $4.69 Billion By 2027 | Industry …
Polaris Market Research has announced the addition of the " Special Effect Masterbatches Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Special Effect Masterbatches Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report provides in depth study of "Special Effect Masterbatches Market" using SWOT analysis i.e. Strength, Weakness,
Marine Seats Market Global Study Report 2027 | Grammer AG, Leader Accessories LL …
Polaris Market Research has announced the addition of the " Marine Seats Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Marine Seats Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report provides in depth study of "Marine Seats Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat
Asphalt Pavers Market Overall Global Study Report 2027 | Caterpillar, Sunroc Cor …
Polaris Market Research has announced the addition of the " Asphalt Pavers Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Asphalt Pavers Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report provides in depth study of "Asphalt Pavers Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat

All 5 Releases


More Releases for Mining

Smart Mining Market
Smart Mining Market Size Worth $ 22033.9 million By 2026 | CAGR: 23.6% The global Smart Mining market size is expected to reach USD 22033.9 million by 2026 according to a new study by WhipSmart MI Research. The report “Smart Mining Market by System and Solution (Operational Data Processing and Analytics, Smart Assets, Smart Logistics, Smart Control Systems, Smart Safety and Security System and Remote Management Solution); By Method (Surface Mining,
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