Mining Equipment Market SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2027

According to a new report published by Allied Market Research, titled, “Mining Equipment Market by Type, Application, and Region: Opportunity Analysis and Industry Forecast, 2020–2027,” the mining equipment market size was $121.7 billion in 2019, and is expected to reach $165.8 billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027. In 2019, Asia-Pacific dominated the global market, in terms of revenue, accounting for about three-fifths of the global mining equipment market share, followed by North America.

Mining equipment is used to dig and move heavy and bulky loads in mining industries. They include drill rigs, crawlers, crushing & processing equipment, dumpers, excavators, finishing equipment, graders, mixers, trucks, trenchers, loaders, and dozers. They are majorly used in surface and underground mining operations. Moreover, they are also used for lifting and shifting operations in the construction sector.

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Leading Players:

The key market players profiled in the report include AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB.
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 other regions across the world, the economy of Europe has drastically shrunk over the past couple of years, which has affected the mining industry.
Segmentation Analysis:

The global mining equipment market is segmented on the basis of equipment type, application, and region. By type, it is categorized into mineral processing equipment (portable and stationary), surface mining equipment (articulated dump truck, crawler dozer, crawler excavator, and others), underground mining equipment (hydraulic excavators, mining dozers, underground haulers, and others), mining drills & breakers, crushing, pulverizing, & screening equipment (stationary, portable), and others. By application, it is segmented into metal mining, mineral mining, and coal mining. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Mining equipment Market Size
2.2 Mining equipment Market Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Mining equipment Market Size by Manufacturers
3.2 Mining equipment Market Key Players Head office and Area Served
3.3 Key Players Mining equipment Market Product/Solution/Service
3.4 Date of Enter into Mining equipment Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Mining equipment Market Sales by Product
4.2 Global Mining equipment Market Revenue by Product
4.3 Mining equipment Market Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Mining equipment Market Breakdown Data by End User

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