Press release
Mining Equipment Market Size, Share, Trends, Growth, Industry Analysis And Forecast 2023-2032
Mining Equipment Market Size, Growth Rate, And Forecast:
The global mining equipment market size is expected to grow from $129.40 billion in 2022 to $140.30 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mining equipment market size is expected to reach $187.14 billion in 2027 at a CAGR of 7.5%.
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Mining Equipment Market Drivers:
An increase in mining activities is expected to propel the mining equipment market going forward. Mining activity refers to the process of removing valuable minerals, industrial rock deposits, non-metallic mineral deposits, or metallic mineral deposits from the earth's surface, including the oceans. Mining equipment is used in mining activities to help in the process of excavation of deposits and resources from the ground, so an increase in mining activities will propel the market's growth.
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Mining Equipment Market Segments
•By Product: Mining Drills And Breakers, Crushing, Pulverizing And Screening Equipment, Mineral Processing Equipment, Surface Mining Equipment, Underground Mining Equipment
•By Powertrain Type: IC Engine Vehicle, Electric Vehicle
•By Application: Metal Mining, Mineral Mining, Coal Mining
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the mining equipment market.
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Mining Equipment Market Key Players:
Major competitors in the mining equipment market include Caterpillar Inc., Deere & Company, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., Liebherr-International AG, Metso Oyj, Sandvik AB, Epiroc AB, Boart Longyear Ltd., China Coal Energy Group Co. Ltd., Vipeak Mining Machinery Co. Ltd., Guangdong Leimeng Intelligent Equipment Group Co. Ltd., Henan Baichy Machinery Equipment Co. Ltd., Doosan Group, and Atlas Copco.
The Business Research Company's "Global Mining Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Mining Equipment Market Include:
1. Executive Summary
2. Mining Equipment Market Characteristics
3. Mining Equipment Market Trends And Strategies
4. Mining Equipment Market - Macro Economic Scenario
5. Mining Equipment Market Size And Growth
....
26. Africa Mining Equipment Market
27. Mining Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mining Equipment Market
29. Mining Equipment Market Future Outlook and Potential Analysis
30. Appendix
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