Mining Equipment Market is Expected to Reach $40,154 Million, By Top Leading Companies AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB

Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market is expected to experience rapid growth in the emerging economies during the forecast period due to deployments in the construction and mining industries.

According to a new report published by Allied Market Research, titled,"Mining Equipment Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the mining equipment market accounted for $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. In 2018, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 65.0% share of the global market, followed by North America.

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The mining equipment is used to dig and move heavy and bulky loads in the mining industries. It includes drill rigs, crawlers, crushing & processing equipment, dumpers, excavators, finishing equipment, graders, mixers, trucks, trenchers, loaders, and dozers. It is majorly used in surface and underground mining operations. Moreover, it is also used for lifting and shifting operations in the construction sector. The key factor that drives the mining equipment market includes rise in mining activities to meet the demand for metal and minerals. Moreover, as compared to the other regions across the world, the economy of the EU region has drastically shrunk over the past couple of years, which has affected the mining industry. Thereby affecting the mining equipment industry adversely.

The surface mining equipment segment accounted for the highest share of about 30.0% in the mining equipment market in 2017, and is expected to grow at a CAGR of 6.4% during the forecast period. In terms of application, metal mining sector is expected to contribute the highest market share in the coming years. Moreover, increase in emphasis on mineral mining sector is expected to provide wide growth opportunities to small players in developing economies.

In 2018, Asia-Pacific registered the highest rate in the mining equipment market, and is expected to continue this trend during the forecast period, due to expansion of coal and metal mining in the region. For instance, Atlas Copco had invested $13.4 million for the expansion of the factory in Hyderabad, India, doubling its capacity. The plant manufactures drilling consumables for surface mining applications.

The major players, such as AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB, have focused on developing new products to strengthen their presence in the market. Moreover, these companies expand their business by acquiring small businesses to sustain the intense competition. For instance, Epiroc acquired Mining Products (Proprietary) Limited, a South African manufacturer of rock reinforcement products for underground mining. Through this acquisition, Epiroc expanded its presence in South Africa.

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The key strategies adopted by these players from 2016 to 2018 were product launch, acquisition, and collaboration. For instance, Sandvik AB one of the leading mining equipment manufacturers launched Sandvik Leopard DI650i model, a high-pressure down-the-hole (DTH) drill rig for drilling applications in surface mining and large-scale quarry applications. With this launch, Sandvik expanded its business capabilities in the mining equipment market.

Key Benefits for Mining Equipment Market:

• The report presents an extensive analysis of the current & emerging market trends and dynamics in the global mining equipment market.

• In-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2025.

• Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

• A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.

• Key market players within the mining equipment market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global market.

Table of Content:

Chapter 1: Introduction

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter 2: Executive summary

2.1. CXO perspective

Chapter 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter's five forces analysis
3.4. Key player positioning, 2018
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increasing demand for metal and mineral commodities
3.5.1.2. Increase in mining activities
3.5.1.3. Increase in consumption of natural resources
3.5.1.4. Need for mineral fertilizers

3.5.2. Restraints

3.5.2.1. Strict government regulations and tariffs
3.5.2.2. Rising prices of raw materials

3.5.3. Opportunity

3.5.3.1. Rising demand for technologically advanced mining equipment
3.5.3.2. Higher demand for coal utilized in heating and generating electricity
3.5.3.3. Increasing construction of road and railway tracks through hilly areas

Chapter 4: Mining Equipment Market, by Type

4.1. Market overview

4.1.1. Market size and forecast, by type

4.2. Mineral processing equipment

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Surface mining equipment

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Underground mining equipment

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Mining drills & breakers

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

4.6. Crushing, pulverizing, & screening equipment

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country

4.7. Others

4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country

Chapter 5: Mining Equipment Market, by Application

5.1. Market overview

5.1.1. Market size and forecast, by application

5.2. Metal mining

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Mineral Mining

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Coal mining

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

Chapter 6: Mining Equipment market, by region

6.1. Market overview

6.1.1. Market size and forecast, by region

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by type
6.2.4.1.2. Market size and forecast, by application

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by type
6.2.4.2.2. Market size and forecast, by application

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by type
6.2.4.3.2. Market size and forecast, by application

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by application
6.3.4. Market size and forecast, by country

6.3.4.1. Eastern Europe

6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by application

6.3.4.2. Western Europe

6.3.4.2.1. Market size and forecast, by type
6.3.4.2.2. Market size and forecast, by application

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by application
6.4.4. Market size and forecast, by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by type
6.4.4.1.2. Market size and forecast, by application

6.4.4.2. India

6.4.4.2.1. Market size and forecast, by type
6.4.4.2.2. Market size and forecast, by application

6.4.4.3. Japan

6.4.4.3.1. Market size and forecast, by type
6.4.4.3.2. Market size and forecast, by application

6.4.4.4. Australia

6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by application

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by type
6.4.4.5.2. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by application
6.5.4. Market size and forecast, by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by type
6.5.4.1.2. Market size and forecast, by application

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by type
6.5.4.2.2. Market size and forecast, by application

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by type
6.5.4.3.2. Market size and forecast, by application

Chapter 7: Company profiles

7.1. AB Volvo (Volvo Construction Equipment)

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments

7.2. Caterpillar Inc.

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments

7.3. Deere & Company

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments

7.4. Doosan Corporation

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments

7.5. Epiroc AB

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. Hitachi, Ltd. (Hitachi Construction Machinery Co., Ltd.)

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. Komatsu Ltd

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments

7.8. Liebherr-International AG

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments

7.9. Metso Corporation

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments

7.10. Sandvik AB

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

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