Global Mining Equipment Market
                     Global Mining Equipment Market was valued at US$ 76.4Bn in 2017 and is expected to reach US$ 114.2Bn by 2026, at a CAGR of 
5.15% during a forecast period.
Mining equipment such as draglines, excavators, and transport trucks are used to move mined ore from mines to processing 
units. These machines should operate with limited downtime to ensure seamless operations and to reduce the operating 
expenditure.
Major driving factors of the Mining Equipment market are the growing exploration and drilling activities on a global level. Several 
mining companies are adopting smart technologies such as digitalization and automation to improve their productivity in metal 
steels which are using across industries, which include also construction, transportation, manufacturing, and a variety of 
consumer products. Companies are automating their mining operations to improve productivity and to reduce the number of 
accidents. Increased demand for minerals used in clean energy, rapid urbanization and industrialization across the globe, 
increased demand for power generation has led to an increased demand for coal, which plays an important role in energy 
production and creating opportunity mining equipment as well. Depletion of natural resources and High cost of associated 
system will act as restraint to the market.
Based on the Product, Crushing, and Pulverizing mining segment is expected to hold the largest share in the market during the 
forecast period. Crushing, and Pulverizing are used for cutting in to break down large pieces of large material into smaller pieces 
suitable for further processing. Different materials are reduced in size by fracturing them. The material is crushed and pulverized 
between the hammers and the casing and remains in the mill until it is fine enough to pass through a screen which forms the 
bottom of the casing. Crushers are generally stationary equipment that are heavy and built into a plant. The various types of 
crushers are cone crushers, jaw crushers, split feed crushers, glass crushers, gyratory crushers, and stone crushers are creating 
opportunity in these segments.
In Application, Metal mining is also expected to lead the market growth. Driving skyrocketing growth for the metal mining 
equipment market is a heightened demand for metals like steel and aluminum in the construction and manufacturing industries. 
Another key factor driving demand for metals is rapid urbanization in developing economies like India and China.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period. The sheer size of 
population growth and the speed of urbanization in China and other Asian countries, coupled with ongoing requirements in the 
south Asia has created unprecedented demand for minerals and metals. Strong demand growth comes mainly from millions of 
aspiring in emerging economies like India, China, Indonesia, and Thailand are striving for a better material standard of living. 
China, however, remained the region’s leader in terms of growth in consumption, especially for such mineral commodities as 
aluminum, cement, coal, copper, iron and steel, lead, natural gas, crude petroleum, phosphate rock, rare earths, tin, and zinc.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the 
market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, 
joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Scope of the Global Mining Equipment Market
Global Mining Equipment Market, by Propulsion
• Diesel
• Gasoline
• CNG/LNG/Others
Global Mining Equipment Market, by Electric Equipment
• Mining Trucks
• LHD (Load, Haul, Dump)
Global Mining Equipment Market, by Application
• Metal Mining
• Mineral Mining
• Coal Mining
Key Players Operating in the Global Mining Equipment Market
• Caterpillar
• Metso Corporation
• Komatsu Ltd.
• Atlas Copco AB
• Sandvik AB
• CNH Industrial NV
• Hitachi Co., Ltd.
• AB Volvo
• Doosan Group
• Liebherr Group
• Astec Industries Incorporated
• Bell Equipment Limited
• China Coal Energy Company Limited
• Bradken Limited
• Corum Group
• Hyundai Heavy Industries Company Limited
• Kopex SA
• RCR Tomlinson Limited
• Techint Group
• Terex Corporation
This Report Is Submitted By @Maximize Market Research Company
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