Mining Equipment Market to Reach US$ 112.3 Billion by 2025 - Global Manufacturers, Industry Size, Applications, Opportunity and Forecast
The study includes an in-depth competitive analysis of these key players in the mining equipment market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.
(EMAILWIRE.COM, December 19, 2018 ) The mining equipment market is estimated to be USD 77.7 billion in 2018 and is projected to reach USD 112.3 billion by 2025, at a CAGR of 5.40%. Increase in demand for metals and minerals, upcoming emission regulations, increase in development of electric and autonomous mining are the major reasons for the market growth.
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The mining equipment market is consolidated and dominated by a few global players. The key players in the market are Caterpillar (US), Volvo Construction Equipment (Sweden),Komatsu (Japan), Sandvik (Sweden), Liebherr (Switzerland), Hitachi Construction Machinery (Japan), Terex (US), Atlas Copco (Sweden), Sany (China), and Doosan Infracore (South Korea).
The mining equipment market has been segmented on the basis of equipment category (drill &breaker, crushing, pulverizing, screening, mineral processing, surface mining, and underground mining), propulsion (diesel, gasoline, CNG/LNG/RNG), industry (mineral, metal, and coal),electric mining equipment[mine trucks and Load HaulDump (LHD)], autonomous mining equipment based on application (surface and underground),and region [Asia Oceania (China, Japan, India), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), and North America (US, Canada, and Mexico), and Rest of the world (Brazil, Russia, South Africa and Rest of RoW).
Asia Oceania market is estimated to be the largest and fastest during the forecast period.
• By Company Type: Tier I-30%, Tier II-40%, and OEMs -30%
• By Designation: C level - 57%,D level -43%
• By Region: North America-20%, Europe - 30%, Asia Oceania- 40%, RoW- 10%
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Crushing and pulverizing equipment are used to break down larger materials into smaller pieces. Crushing equipment is generally a part of the material handling equipment or plants. This equipment applies pressure to the material that is fed into it to break it down into smaller pieces. 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.
The key players operating in the mining industry are transforming the equipment toward automation along with the electrification trend. The autonomous mining equipment are tested since 2008 by players such as Komatsu and Caterpillar in sites such as Gabriela Mistral and Solomon. With decreased exhaust emission limits, globally, the manufacturers are facing a tight operating issue reaching an optimum balance between the output received, cost incurred, and profit margins by adhering to the government regulations/norms.
More Information on “Mining Equipment Market by Category (Drill & Beaker, Crushing, Pulverizing, Screening, Mineral Processing, Surface & Underground Mining), Electric Equipment (Mining Trucks, LHD), Propulsion, Industry, Autonomous Equipment, and Region - Global Forecast to 2025” research https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1806409 .
The region has witnessed growth in mining operations due to increasing demand for raw materials. Also, many international companies have increased their presence in this region. For instance, Vale, the world’s largest iron ore mining company, has been increasing its presence in China.
This report provides insights with reference to the following points:
• OE Market Size, by equipment category: The report offers in-depth market sizing and forecast up to 2025 in terms of value, by equipment category (drill &breaker, crushing, pulverizing, screening, mineral processing, surface mining, and underground mining)
• OE Market Size, by equipment: The report offers in-depth market sizing (volume & value) and forecast up to 2025, by equipment & country such as surface equipment (crawler excavator, crawler dozer, motor grader, rigid dump truck, articulated dump truck) and underground equipment (electric shovels, hydraulic excavators, wheel loaders, mining dozers, mining trucks, and drills)
• The report provides “market share” of the leading players in the mining equipment market.
• Market Development: The report provides comprehensive information about lucrative emerging markets for mining equipment across regions.
• Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the mining equipment market.
Get the Free Sample Papers of Mining Equipment Market Update Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1806409 .
The mining equipment market is consolidated and dominated by a few global players. The key players in the market are Caterpillar (US), Volvo Construction Equipment (Sweden),Komatsu (Japan), Sandvik (Sweden), Liebherr (Switzerland), Hitachi Construction Machinery (Japan), Terex (US), Atlas Copco (Sweden), Sany (China), and Doosan Infracore (South Korea).
The mining equipment market has been segmented on the basis of equipment category (drill &breaker, crushing, pulverizing, screening, mineral processing, surface mining, and underground mining), propulsion (diesel, gasoline, CNG/LNG/RNG), industry (mineral, metal, and coal),electric mining equipment[mine trucks and Load HaulDump (LHD)], autonomous mining equipment based on application (surface and underground),and region [Asia Oceania (China, Japan, India), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), and North America (US, Canada, and Mexico), and Rest of the world (Brazil, Russia, South Africa and Rest of RoW).
Asia Oceania market is estimated to be the largest and fastest during the forecast period.
• By Company Type: Tier I-30%, Tier II-40%, and OEMs -30%
• By Designation: C level - 57%,D level -43%
• By Region: North America-20%, Europe - 30%, Asia Oceania- 40%, RoW- 10%
Click Here for 10% Discount on Global Mining Equipment Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1806409 .
Crushing and pulverizing equipment are used to break down larger materials into smaller pieces. Crushing equipment is generally a part of the material handling equipment or plants. This equipment applies pressure to the material that is fed into it to break it down into smaller pieces. 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.
The key players operating in the mining industry are transforming the equipment toward automation along with the electrification trend. The autonomous mining equipment are tested since 2008 by players such as Komatsu and Caterpillar in sites such as Gabriela Mistral and Solomon. With decreased exhaust emission limits, globally, the manufacturers are facing a tight operating issue reaching an optimum balance between the output received, cost incurred, and profit margins by adhering to the government regulations/norms.
More Information on “Mining Equipment Market by Category (Drill & Beaker, Crushing, Pulverizing, Screening, Mineral Processing, Surface & Underground Mining), Electric Equipment (Mining Trucks, LHD), Propulsion, Industry, Autonomous Equipment, and Region - Global Forecast to 2025” research https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1806409 .
The region has witnessed growth in mining operations due to increasing demand for raw materials. Also, many international companies have increased their presence in this region. For instance, Vale, the world’s largest iron ore mining company, has been increasing its presence in China.
This report provides insights with reference to the following points:
• OE Market Size, by equipment category: The report offers in-depth market sizing and forecast up to 2025 in terms of value, by equipment category (drill &breaker, crushing, pulverizing, screening, mineral processing, surface mining, and underground mining)
• OE Market Size, by equipment: The report offers in-depth market sizing (volume & value) and forecast up to 2025, by equipment & country such as surface equipment (crawler excavator, crawler dozer, motor grader, rigid dump truck, articulated dump truck) and underground equipment (electric shovels, hydraulic excavators, wheel loaders, mining dozers, mining trucks, and drills)
• The report provides “market share” of the leading players in the mining equipment market.
• Market Development: The report provides comprehensive information about lucrative emerging markets for mining equipment across regions.
• Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the mining equipment market.
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ReportsnReports
Mr. Hrishikesh
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results