Mining Equipment Market Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2016-2028| Hitachi Construction Machinery, Doosan Corporate, Metso Corporation

This research report analyzes Mining Equipment Market based on market segments, major geographies and current trends in the market. This report provides a comprehensive analysis of market growth drivers, factors that limit market growth, current market trends, market structure, and market projections for coming years. It includes an analysis of recent technological developments and detailed profiles of top players in the industry. The report also includes a review of essential micro and macro factors about existing market players and new entrants along with detailed analysis of the value chain.

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According to the latest report by QMI, Mining equipment includes mining drills and devices, earthmovers, crushing machinery and equipment, feeding & transport equipment, and others. With the help of computerized remote control equipment, high-tech operations, and complex machines, metals and minerals are extracted from the ground. Mining activity can vary depending on the type of metals and minerals to be extracted from the earth. There are essentially two types of mining operations, that is, surface mining and underground mining, with each mining process involving different machinery as appropriate. Certain operations, apart from mining, include milling, smelting, processing, and others.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Sandvik
2. Timken Global
3. Hitachi Construction Machinery
4. Doosan Corporate
5. Metso Corporation
6. Epiroc AB
7. Atlas Copco
8. Caterpillar
9. Terex Corporation

The Mining Equipment Market is expected to promise high growth due to the increasing demand in recent years for metals and minerals. It is expected that increased demand from applications like Metal Mining, Coal Mining, and Mineral Mining would drive growth in the market for mining equipment. This industry has seen a number of major developments including Timken Global, Hitachi Construction Machinery, Doosan Corporate, Metso Corporation, Epiroc AB, Atlas Copco, Caterpillar, Sandvik, and Terex Corporation with an emphasis on both organic and inorganic growth strategies. Developing regions, including the Asia Pacific and the Middle East, are some of the primary economies with high market potential for high growth.

Mining Equipment Market has been segmented into equipment type, mining type, and application. Major types of mining equipment include crushers, pulverizers, screeners, drills & breakers, machinery for mineral processing, among others. The mining equipment market was segmented by application into coal mining, metal mining, and mineral mining.

Key Development:
o In March 2018, Liebherr set up a new plant in Rognac, France. The facility has a total surface area of 43,000 sqm. It offers earthmoving, material handling and construction machinery sales, rental and servicing.

Key Factors Impacting Market Growth:
o Rising demand for metals and minerals
o Advancement in mining equipment systems

Significant regions for the mining equipment market are projected to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been conventional markets for mining equipment due to the high presence of the industrial sector. In those countries, the industrial sector was one of the key contributors to the economies. Prominent applications in these regions are estimated to be Coal Mining, Metal Mining, and Mineral Mining. These industries have a stable market demand. Moreover, one of the main Canadian mining industries produces more than 60 minerals and metals. The country's mining activities have increased in the past three years. In 2017 alone the mining industry contributed USD 97 billion to the GDP of the country.

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Asia-Pacific registered the highest share in the global mining equipment market over the forecast period. Significant growth in the emerging countries of China, Japan, India, and Australia among others boosts the growth in this region. Increasing demand for the region's petroleum and coal resources, as well as increasing industrialization in this region's developing countries, increase the region's market growth. Leading global players are increasing their footprint in India, Indonesia, Malaysia, and developing nations to take advantage of the growth opportunities provided by these countries.

Market Segmentation:

By Equipment Type:
Drills & Breakers
Pulverisers
Mineral Processors
Screeners
Others

By Mining Type:
Underground Mining
Surface Mining

By Application:
Metal Mining
Coal Mining
Mineral Mining

By Region:
North America
By Country (US, Canada, Mexico)
By Equipment Type
By Mining Type
By Application

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Equipment Type
By Mining Type
By Application

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Equipment Type
By Mining Type
By Application

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Equipment Type
By Mining Type
By Application

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Equipment Type
By Mining Type
By Application

Rest of the World
By Region (South America, Africa)
By Equipment Type
By Mining Type
By Application

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This release was published on openPR.