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Mining Equipment Market Size to reach $121.4 billion by 2026 | Market Outlook, Drivers and Restraints, Completive Landscape, Regional Analysis | Industry Players - Komatsu Ltd., Caterpillar Inc., Hitachi Ltd., AB Volvo, Liebherr Group, and others

02-12-2019 11:14 AM CET | Industry, Real Estate & Construction

Press release from: Polaris Market Research & Consulting

Mining Equipment

Mining Equipment

The global Mining Equipment Market is anticipated to reach USD 121.4 million by 2026 according to a new research published by Polaris Market Research. In 2017, the surface mining equipment segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global mining equipment market.

The rapid growth in the demand for metals and minerals majorly drives the growth of this market. Growing usage of resources such as coal and petroleum support the market growth. The decreasing ore grades further accelerates the adoption of mining equipment. However, high initial investment costs associated with mining equipment, and strict government regulations limit the growth of the market. New emerging markets, and technological advancements would provide growth opportunities for mining equipment market in the coming years.

Request for sample pages of mining equipment market: https://bit.ly/2UUe6DY

Asia-Pacific accounted for the highest share in the global mining equipment market during the forecast period. A significant growth in the emerging economies of China, Japan, India, and Australia among others drives the growth in this region. Increasing demand for petroleum and coal resources in the region, along with rising industrialization in developing countries of this region augment the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

The various applications of mining equipment include metal mining, mineral mining, coal mining, and others. The metal mining equipment segment is expected to lead the mining equipment market during the forecast period owing to increasing demand from emerging economies. The increasing demand for metals such as silver, gold, platinum, and copper for various applications has increased the demand of mining equipment in this application. Use of precious metals such as gold and platinum in jewelry and ornaments has supported the growth of the market.

Browse report summary of mining equipment market: https://bit.ly/2StJ7Sj

By Segmentation:

Mining Equipment by Type:

• Surface Mining Equipment
• Underground Mining Equipment

Mining Equipment by Product:

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

Mining Equipment by Application:

• Metal Mining
• Mineral Mining
• Coal Mining

Mining Equipment by Region:

• North America - (US., Canada, Mexico)
• Europe - (Germany, UK, France, Italy, Rest of Europe)
• Asia-Pacific - (China, India, Japan, Rest of Asia-Pacific)
• Latin America – (Brazil, Middle East & Africa)

Top Key Player:

• Komatsu Ltd.
• Caterpillar Inc.
• 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.

Make an inquiry to purchase this report: https://bit.ly/2USNjI3

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. 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.

Contact us-

Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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