The global mining equipment market is expected to see a significant growth through the forecast period with improving economic conditions and rising output of mining sector. The market for mining equipment is also expected to see a significant demand from replacement market due to stringent energy consumptions regulations particularly in developed nations. In addition, rising domestic demand for metal and coal represents a positive outlook for mining equipment particularly in emerging economies such as India, China and others. All these factors are expected to spur the demand for mining equipment in the next six years.
The study provides in-depth analysis of market influencing and inhibiting factors related to mining equipment industry. The report also includes current and future market trends in the global as well as regional market. This study provides exhaustive information of product development, pricing and demand supply trends. The study also includes high level analysis such as market attractive analysis, competitive analysis and PESTEL analysis to identify key investment areas in this market.
In addition, the provide market estimates and forecast of different type of mining equipment in terms of both volume (number of units sold) and revenue (US$ Bn). This market is segmented on the basis of product type, application and region. The study also includes cross sectional analysis on the regional basis i.e. regional market size by product and application. This study includes market estimates (2019 & 2020) and forecast for the period 2021 – 2029 in terms of volume and revenue. The report also includes market estimates and forecast of mining equipment market for major countries.
The report profiles key mining equipment manufacturers in the global market. These profiles include detailed information about product portfolio, business strategies, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about market competition and positioning of key market players along with their market winning strategies.
The global mining equipment market is classified into following categories:
By Product
By Application
By Region
We have analyzed following types of mining equipment to estimate the market size of global mining equipment market:
Surface mining equipment accounted for the largest revenue share in 2020. The demand for multifunctional surface mining equipment is growing steadily as this machinery reduces need of buying supplementary machine such as crushing, excavators and others. Rising demand mining activities along with increasing demand for sophisticated mining machinery is expected to spur the demand for surface mining equipment particularly from developing nations. Underground mining equipment are also expected to see the significant growth through the forecast period with stringent government regulations to improve mining safety. These mandatory regulations are forcing mining companies to deploy these practices at mining facilities. This is increasing the demand for underground mining equipment across the globe. Improving economic conditions and rising number of mining projects represents a positive outlook for crushing, pulverizing and screening equipment.
The global mining equipment market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the mining equipment market is further classified into South America, Africa and Middle East.
Asia Pacific is the largest regional market and accounted for more than half of the revenue share in the global mining equipment market. China is the largest individual market for mining equipment. Rising demand for minerals and metals is expected to spur the demand for mining equipment in China throughout the forecast period. Increasing output of construction and manufacturing industries along with government efforts to improve safety at mining and mechanization of mining activities China is expected to see a moderate demand for mining equipment in the next six years. Increasing investment in metal and coal mining from developing countries in Asia Pacific, South America, Africa and Eastern Europe are expected to drive the market growth in near future. India is expected to see the fastest growth for mining equipment with growing metal and coal mining industries in the country. The demand for mining equipment is expected to increase at modest rate in North America and Western Europe with improving economic conditions and rebound in construction industry in these regions. The U.S., UK, China and other several other countries have introduced mandatory regulation to reduce coal consumption for electricity production and rapidly shifting towards solar, hydro, nuclear and wind technologies for the same.
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The study provides in-depth analysis of market influencing and inhibiting factors related to mining equipment industry. The report also includes current and future market trends in the global as well as regional market. This study provides exhaustive information of product development, pricing and demand supply trends. The study also includes high level analysis such as market attractive analysis, competitive analysis and PESTEL analysis to identify key investment areas in this market.
In addition, the provide market estimates and forecast of different type of mining equipment in terms of both volume (number of units sold) and revenue (US$ Bn). This market is segmented on the basis of product type, application and region. The study also includes cross sectional analysis on the regional basis i.e. regional market size by product and application. This study includes market estimates (2019 & 2020) and forecast for the period 2021 – 2029 in terms of volume and revenue. The report also includes market estimates and forecast of mining equipment market for major countries.
The report profiles key mining equipment manufacturers in the global market. These profiles include detailed information about product portfolio, business strategies, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about market competition and positioning of key market players along with their market winning strategies.
The global mining equipment market is classified into following categories:
By Product
- Drills & Breakers
- Crushing, Pulverizing and Screening Equipment
- Mineral Processing Machinery
- Surface Mining Machinery
- Underground mining Machinery
- Others
By Application
- Metal
- Minerals
- Coal
By Region
- North America
- US
- Rest of North America
- Europe
- EU7
- CIS
- Rest of Europe
- Asia-Pacific (APAC)
- India
- China
- Japan
- Australia
- Southeast Asia
- Rest of APAC
- Rest of the World
- South America
- Middle East
- Africa
We have analyzed following types of mining equipment to estimate the market size of global mining equipment market:
- Drills & Breakers
- Crushing, Pulverizing and Screening Equipment
- Mineral Processing Machinery
- Surface Mining Machinery
- Underground mining Machinery
- Others
Surface mining equipment accounted for the largest revenue share in 2020. The demand for multifunctional surface mining equipment is growing steadily as this machinery reduces need of buying supplementary machine such as crushing, excavators and others. Rising demand mining activities along with increasing demand for sophisticated mining machinery is expected to spur the demand for surface mining equipment particularly from developing nations. Underground mining equipment are also expected to see the significant growth through the forecast period with stringent government regulations to improve mining safety. These mandatory regulations are forcing mining companies to deploy these practices at mining facilities. This is increasing the demand for underground mining equipment across the globe. Improving economic conditions and rising number of mining projects represents a positive outlook for crushing, pulverizing and screening equipment.
The global mining equipment market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the mining equipment market is further classified into South America, Africa and Middle East.
Asia Pacific is the largest regional market and accounted for more than half of the revenue share in the global mining equipment market. China is the largest individual market for mining equipment. Rising demand for minerals and metals is expected to spur the demand for mining equipment in China throughout the forecast period. Increasing output of construction and manufacturing industries along with government efforts to improve safety at mining and mechanization of mining activities China is expected to see a moderate demand for mining equipment in the next six years. Increasing investment in metal and coal mining from developing countries in Asia Pacific, South America, Africa and Eastern Europe are expected to drive the market growth in near future. India is expected to see the fastest growth for mining equipment with growing metal and coal mining industries in the country. The demand for mining equipment is expected to increase at modest rate in North America and Western Europe with improving economic conditions and rebound in construction industry in these regions. The U.S., UK, China and other several other countries have introduced mandatory regulation to reduce coal consumption for electricity production and rapidly shifting towards solar, hydro, nuclear and wind technologies for the same.
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Mining Equipment Market by Product Type
Chapter 5 Mining Equipment Market by Application
Chapter 6 North America Mining Equipment Market Analysis
Chapter 7 Europe Mining Equipment Market Analysis
Chapter 8 Asia Pacific Mining Equipment Market Analysis
Chapter 9 Rest of the World (RoW)Mining Equipment Market Analysis
Chapter 10 Company Profiles
Companies Mentioned
- Atlas Copco AB
- Caterpillar Inc.
- Hitachi Construction Machinery
- Joy Global Inc
- Volvo Mining Equipment AB
- Komatsu Limited
- Metso
- JCB Ltd.
- Sandvik AB
- Zhengzhou Coal Mining Machinery Group
- China National Coal Mining Equipment
- Boart Longyear Ltd
