The Mining Equipment Market size was valued at USD 136.22 Billion in 2023 and the total Mining Equipment revenue is expected to grow at a CAGR of 5.6 % from 2024 to 2030, reaching nearly USD 199.47 Billion by 2030.
Mining Equipment Market Overview:
The purpose of this study is to provide a thorough examination of the Mining Equipment market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Mining Equipment market's growth. The study also offers a comprehensive analysis of the market's value chain.
Mining Equipment Market Scope:
The research method used to assess and anticipate the Mining Equipment market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Mining Equipment market was calculated using the revenue of significant enterprises.
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Mining Equipment Market Segmentation:
by Product
Mineral Processing Equipment
Surface Mining Equipment
Mining Drills Breakers
Underground Mining Equipment
Crushing, Pulverizing
Screening Equipment
Others
By Electric Equipment
Mining Trucks
LHD (Load, Haul, Dump)
By Industry
Metal Mining
Mineral Mining
Coal Mining
By Propulsion
Diesel
Gasoline
CNG/LNG/Others
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Mining Equipment Market Key Players:
The major players covered in the Mining Equipment market report are
Major Global Key Players:
1. AB Volvo (Gothenburg, Sweden)
2. Hyundai Heavy Industries Company Limited (Ulsan, South Korea)
Leading Key Players in North America:
1. Terex Corporation (Westport, Connecticut, USA)
2. Astec Industries Incorporated (Chattanooga, Tennessee, USA)
3. Catapillar Inc. (USA)
Market Follower key Players in Europe:
1. Metso Corporation (Helsinki, Finland)
2. Atlas Copco AB (Stockholm, Sweden)
3. Sandvik AB (Sandviken, Sweden)
4. CNH Industrial NV (London, United Kingdom)
5. Liebherr Group (Bulle, Switzerland)
6. Kopex SA (Katowice, Poland)
7. Techint Group (Milan, Italy)
Prominent Key player Asia Pacific:
1. RCR Tomlinson Limited (Perth, Australia)
2. Corum Group (Dnipro, Ukraine)
3. Bell Equipment Limited (Richards Bay, South Africa)
4. China Coal Energy Company Limited (Beijing, China)
5. Doosan Group (Seoul, South Korea)
6. Hitachi Co., Ltd. (Tokyo, Japan)
7. Komatsu Ltd. (Tokyo, Japan)
Mining Equipment Market Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Mining Equipment Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Mining Equipment market in general, as well as the growth rate, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Mining Equipment industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Mining Equipment Market Report are:
- Which segment grabbed the largest share in the Mining Equipment market?
- How was the competitive scenario of the Mining Equipment market ?
- Which are the key factors responsible for the Mining Equipment market growth?
- Which region held the maximum share in the Mining Equipment market ?
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