Press release
Global Mining Equipment Market Expected to Witness a Sustainable Growth over 2023
The Mining Equipment includes the consumption of underground mining equipment and Surface mining equipment, such as crushing, pulverizing and screening machinery, portable drilling rigs and parts, portable crushing, screening, washing and combination plants, drills and other machinery (except parts).
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Global Mining Equipment Market: Forecast by Type / Application / Region
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with Mining Equipment industry in short supply on the market in the past few years, more and more companies enter into Mining Equipment industry, the current demand for Mining Equipment product is relatively low, lack of demand, excess supply. Ordinary Mining Equipment products on the market do not sell well; Industrial Mining Equipment’s price is lower than past years. The signal of market price change indicates the trend in the Mining Equipment industry, low-end product has excess capacity; high-end product is in short supply.
There is a certain market space in demand of Mining Equipment, but basically showing the scarcity of high-end products. Many high-end products are needed to seize market share of imports acts, because local enterprises export more low-end products overcapacity or molding process basic Materials.
Over the next five years, LPI(LP Information) projects that Mining Equipment will register a 2.5% CAGR in terms of revenue, reach US$ 1480 million by 2023, from US$ 1270 million in 2017.
Global Mining Equipment Market: Key Players
Caterpillar(BUCYRUS)
Komatsu
Liebherr
Hitachi
Terex Mining
Joy Global(P&H)
IZ-KARTEX(OMZ)
Taiyuan Heavy Industry
SANYI
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Related Information:
United States Mining Equipment Market Research Report 2018
Europe Mining Equipment Market Research Report 2018
North America Mining Equipment Market Research Report 2018
Asia-Pacific Mining Equipment Market Research Report 2018
China Mining Equipment Market Research Report 2018
EMEA Mining Equipment Market Research Report 2018
Global Mining Equipment Market Research Report 2018
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