Mining Equipment Market Growth and Business Strategy with | BEML Limited, Hyundai Heavy Industries Co. Ltd., and AARD Mining Equipment. And more
Global mining equipment market is expected to rise from its initial estimated value of USD 76.75 billion in 2018 to an estimated value of USD 120.03 billion by 2026, registering a CAGR of 5.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing demand of metals & minerals globally.
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Market Drivers and Restraints:
• Rising demand of metals and minerals worldwide is expected to drive the market growth
• Presence of regulations and upcoming applicable regulations by the authorities is also expected to drive the market growth
• Growth of demand of used/pre-owned equipment due to emergence of unorganized miners is expected to act as a restraint to the market growth
• Concerns regarding the environments and humans is also expected to restrain the market growth
Few of the major competitors currently working in the mining equipment market are Caterpillar, AB Volvo, Komatsu Ltd., Sandvik AB, Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co. Ltd., Terex Corporation, Mining Machines JSC, Atlas Copco AB, SANY GROUP, Doosan Corporation, Equipment North Inc., RTM Equipment, DAKOTA EQUIPMENT MANUFACTURING INC., and More
• By Equipment Category (Crushing, Pulverizing & Screening Equipment; Drills & Beakers; Mineral Processing Equipment; Surface Mining Equipment; Underground Mining Equipment);
• By Industry (Coal; Metal; Minerals);
• By Propulsion (Diesel; Gasoline; CNG/LNG/Others); Electric Equipment Type (Mining Trucks; LHD);
• By Autonomous Equipment Category (Surface Mining; Underground Mining);
• Based on the geography (North America, South America, Asia and Pacific region, Middle east and Africa, Europe)
Global mining equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mining equipment market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Potential Held by the Report:
• Recent industry trends and developments
• Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market
• To gain insightful analyses of the market and have a comprehensive understanding of the “Mining Equipment Market” and its commercial landscape
• To understand the future outlook and prospects for market analysis and forecast 2018-2025.
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
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