Mining Equipment Market Dynamic Outlook and Influencing Key Growth Drivers 2026: Caterpillar, AB Volvo, Komatsu Ltd., Sandvik AB, Liebherr-International Deutschland GmbH, Hitachi Construction Machinery

Global Mining Equipment Market, By Equipment Category (Crushing, Pulverizing & Screening Equipment; Drills & Beakers; Mineral Processing Equipment; Surface Mining Equipment; Underground Mining Equipment); Industry (Coal; Metal; Minerals); Propulsion (Diesel; Gasoline; CNG/LNG/Others); Electric Equipment Type (Mining Trucks; LHD); Autonomous Equipment Category (Surface Mining; Underground Mining); Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa) – Industry Trends and Forecast to 2026

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.

Mining equipment can be defined as the machinery that is used for the extraction of precious minerals, nutrients and materials from the surface or from underneath the surface of the earth. Due to the tough nature of the earth’s surface and underneath the surface as well, there is need for excavation of these materials for improved efficiency of the mining methods as compared to human labours.

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Few of the major competitors currently working in global 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., ASTEC INDUSTRIES INC., minemaster.eu, Konecranes, XCMG Group, BEML Limited, Hyundai Heavy Industries Co. Ltd., and AARD Mining Equipment

The Mining Equipment report makes concentrate on the important aspects of the market such as recent market trends and market conditions. Moreover, the Mining Equipment report also contains all the information including market definition, classifications, key developments, applications, and engagements while detailing about the actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values.

Market Drivers:

• 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

Market Restraints:

• 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

Segmentation: Global Mining Equipment Market:

• By Equipment Category: Crushing, Pulverizing & Screening Equipment, Drills & Beakers, Mineral Processing Equipment, Surface Mining Equipment, Articulated Dump Truck, Crawler Dozer, Crawler Excavator, Motor Grader, Rigid Dump Truck, Underground Mining Equipment, Drills, Electric Shovels, Hydraulic Excavators, Mining Dozers, Mining Trucks, Wheeled Loaders

• By Industry: Coal, Metal, Minerals

• By Propulsion: Diesel, Gasoline, CNG/LNG/Others (Compressed Natural Gas/Liquefied Natural Gas/Others)

• By Electric Equipment Type: Mining Trucks, LHD (Load, Haul, Dump)

• By Autonomous Equipment Category: Surface Mining, Underground Mining

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Key Developments in the Market:

• In July 2018, Sandvik AB announced that they have completed the acquisition of Inrock. With this acquisition Sandvik is expected to expand its products & services portfolio along with the share of the market.
• In March 2018, AB Volvo’s construction equipment division announced that they had initiated 3D printing of spare parts for their construction equipment. This step is expected to improve the delivery time of spare parts to the consumers.

What the research report offers:

• Market definition of the global Mining Equipment market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
• Extensive research on the competitive landscape of global Mining Equipment – market.
• Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
• A comprehensive list of key market players operating in the global Mining Equipment
• Analysis of the different market segments such as type, size, applications, and end-users.
• It offers a descriptive analysis of demand-supply chaining in the global Mining Equipment
• Statistical analysis of some significant economics facts
• Figures, charts, graphs, pictures to describe the market clearly.

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