According to the report titled “Global Mining Equipment Market Outlook, 2027”, published by Actual Market Research, the mining equipment market is expected to reach more than USD 40 Billion by the year 2027. It is expected to expand at a compound annual growth rate (CAGR) of more than 4.9% from 2022 to 2027. Mining is one of the most indispensable integrants of modern society due to the use of mined minerals in almost every consumer product. Minerals, ore, metals, or other goods located deep underground require various techniques for their extraction. Mining may involve rigid or soft rock, requiring specific tools to extract the materials. For instance, the mechanism used to dig soft materials might not provide enough power for cutting through hard rock. According to the report, based on application, the market is segmented into mineral, metal, and coal mining. The mineral mining segment is leading the market with more than 40% of the value market share, followed by the metal mining segment, the fastest growing segment among the other two. Based on propulsion type, the market is segmented into diesel and CNG or LNG segments. The diesel segment is leading the market with more than 80% of the value market share. Based on power output, the market is segmented into below 500 HP, 500 to 2000 HP and above 2000 HP. The below 500 HP segment is leading the market with more than 40% of value market share.
Get Access to Report Sample @
The market is highly competitive, with a considerable number of regional and global players. At the same time, this report includes company profiling for the companies like- Major Companies present in the market: Sandvik AB, Caterpillar Inc., Komastu Limited, Volvo Group, Liebherr Group, Hitachi Construction Machinery Co., Limited, EpirocAb, Sany Heavy Equipment International Holdings Company Limited, Doosan Infracore Co. Limited, Guangxi Liugong Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Xuzhou Construction Machinery Group (XCMG), Bharat Earth Movers Limited, J C Bamford Excavators Limited, Wirtgen Group, Mine Master Ltd, FIORI GROUP S.p.A., JSC, WackerNeuson Group, Equipment North Inc., RTM Equipment, Astec Industries, Inc., BELL Equipment, AARD Mining Equipment
Aspects covered in this report
- Global Mining Equipment market with its value and forecast along with its segments
- Region country wise market analysis
- Various drivers and challenges
- On-going trends and d
Owning our reports will help you solve the following issues:
- What is the market size and forecast of the Global Mining Equipment Market?
Our research and insights help our clients to foresee upcoming market size and forecast.
- What are the inhibiting factors and impact of COVID-19 shaping the Global Mining Equipment Market during the forecast period?
Our research and analysis help our clients to see how COVID-19 has Impacted the industry. This allows our clients to invest or divest their resources.
- Which region outstands in theNorth America Global Mining Equipment Market?
Our research helps our clients to see which the dominating region in the market is, with supporting trends and developments.
- Which are the segments to invest in over the forecast period in the Global Mining Equipment Market?
Our research report allows the company/ investor to identify the most promising product segment, which is to have more potential in the coming years.
- What is the competitive strategic window for opportunities in the Global Mining Equipment Market?
Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
- What are the technology trends and regulatory frameworks in the Global Mining Equipment Market?
Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers needs to abide by.
- What are the major companies in the Global Mining Equipment Market?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.
An excellent Global Mining Equipment Market document has the best market research offerings and the required critical information, whether it is about looking for new product trends or competitive analysis of an existing or emerging market. With this business report, companies can sharpen their competitive edge again and again. The market report has expert insights on global industries, products, company profiles, and market trends.
Regions Countries covered in the report
- North America – United States, Canada, Mexico
- Europe- Germany, United Kingdom, France, Italy, Spain, Russia
- Asia-Pacific – China, Japan, South Korea, India, Australia
- Latin America- Brazil, Argentina, Columbia
- Middle-East Africa- UAE, Saudi Arabia, South Africa
Impact of Covid-19 on Mining Equipment Market: The COVID-19 pandemic has affected the commodity markets in a variety of ways. Firm operations have been pretentious through isolated outbreaks and government-dictated shutdowns, and the demand for many commodities remains low with a lower near-term stipulation on the horizon. The growth of the mining equipment market was also affected by the pandemic. The stipulation for metallurgical and thermal coal has diminished, while the demand for gold and iron ore has increased. However, the market for mining equipment is expected to witness significant growth during the forecast period, as the increasing use of electric machinery in underground mining and increasing stipulation for metals and commodities occupy a significant share in the mining equipment market.
By Category of Mining Equipment in the report:
- Crushing, pulverizing, screening machinery
- Mineral processing machinery
- Surface mining machinery
- Underground mining machinery
By Application in the report:
- Mineral Mining
- Metal Mining
- Coal Mining
Table of Contents Covered In This Global Mining Equipment Market Report:
Table of Contents
- Executive Summary
- Report Methodology
- Market Structure
3.1. Market Considerate
3.2. Market Definition
- Economic /Demographic Snapshot
- Global Mining Equipment Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Application
5.2.5. By Category
5.2.6. By Power Output
5.2.7. By Propulsion
To Be Continue…
To access the full report visit here@
Actual Market Research
India Bulls Mega Mall, Jetalpur Road, Vadodara
North America: +1 201 793 8545
Asia-Pacific: +91 7878231309
Actual Market Research is a distinctive and contemporary market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. We endeavor to provide appropriate solutions to complex business challenges and initiate an effortless decision-making process.