Press release
Mining Equipment Market Growth Trends by Company: AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu and More
The global mining equipment market size was valued at $106,853.0 million in 2017, and is expected to reach $188,773.0 million by 2025, growing at a CAGR of 7.2% from 2018 to 2025.
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The major factors that boost the demand for mining equipment market include rise in demand for metal and mineral commodities and increase in consumption of natural resources such as coal, diamond, and uranium. Moreover, increasing need for mineral fertilizers to improve agricultural yield is expected to drive the growth of the global mining equipment market. On the contrary, increasing cost of raw materials and strict government regulations are anticipated to restrain the growth of the global market. However, the rise in demand for technologically advanced mining equipment, increase in usage of coal, for heating and electricity-generating applications, and surge in construction of road and railway tracks through hilly areas are expected to provide lucrative opportunities for the growth of the global market during the forecast period.
The global mining equipment market is segmented on the basis of equipment type, application, and geography. Based on type, the market is categorized into mineral processing equipment; surface mining equipment; underground mining equipment; mining drills & breakers; crushing, pulverizing, & screening equipment, and others. By application, the market is segmented into metal mining, mineral mining, and coal mining. Geographically, the market is analyzed across North America, Europe, Asia-Pacific (APAC), and LAMEA. Asia-Pacific is anticipated to be the largest market for mining equipment during the forecast period. India, Australia, and Indonesia are expected to be the main revenue-generating countries in the Asia-Pacific region.
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The companies profiled in the report are AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB.
Related Report:
World Mining Explosive Market Research Report 2023 (covering USA, Europe, China, Japan, India, South East Asia and etc.)
Worlds Mining Explosive market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry players like Orica, IPL (Dyno Nobel), AEL, ENAEX, Sasol, Yunnan Civil Explosive, Solar Explosives, Gezhouba Explosive, EPC-UK, MAXAM, Anhui Jiangnan, Guizhou Jiulian, Nanling Civil Explosive, BME Mining and NOF Corporation.
Read More: https://www.bigmarketresearch.com/world-mining-explosive-market-research-report-2023-covering-usa-europe-china-japan-india-south-east-asia-and-etc-market?utm_source=OPR&utm_medium=CC
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