Press release
Global Surface Mining Equipment Market to grow at a CAGR of 3.24% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Surface Mining Equipment” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Surface Mining Equipment
Surface mining is a popular method of mining and is practiced worldwide because of its advantages over underground mining. Major advantages of surface mining include: Can recover up to 100% of the mining resources within mining excavation, and Cheaper than underground mining. Surface mining uses heavy equipment, such as excavators, large hydraulic excavators, mining trucks, hydraulic mining shovels, and rotary drills, to remove the overburden. It then makes use of mining equipment, such as dragline, to extract minerals.
Technavios analysts forecast the global surface mining equipment market to grow at a CAGR of 3.24% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global surface mining equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Surface Mining Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Atlas Copco
Caterpillar
Komatsu
LARSEN & TOUBRO
Sandvik
Other prominent vendors
Hitachi Construction Machinery
Vermeer
JCB
Vale
XCMG
Terex
SANY GROUP
Metso
Kobelco Construction Machinery
AB Volvo
Deere
WIRTGEN GROUP
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Market driver
Rise in demand for housing projects globally
For a full, detailed list, view our report
Market challenge
Environment regulations for mining activities
For a full, detailed list, view our report
Market trend
Environment-friendly mining activities
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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