[Latest] Global Mining Equipment Market Size/Share Worth USD 200.9 Billion by 2032 at a 4.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Mining Equipment Market size & share revenue was valued at approximately USD 125 Billion in 2022 and is expected to reach USD 132.5 Billion in 2023 and is expected to reach around USD 200.9 Billion by 2032, at a CAGR of 4.1% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are Epiroc AB, AB Volvo, Atlas Copco , Hitachi, Ltd, Metso Corporation, Boart Long year Ltd, Caterpillar Inc, China Coal Energy Group Co. Ltd, Vipeak Mining Machinery Co. Ltd, Guangdong Leimeng Intelligent Equipment Group Co. Ltd, Henan Baichy Machinery Equipment Co. Ltd, Komatsu Ltd, Liebherr, Metso Qutotec, Zoomlion Heavy Industry Science & Technology Co. Ltd., MacLean Engineering, Weir Group PLC, Sandvik AB , Terex Corporation,
Austin, TX, USA, Feb. 07, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Mining Equipment Market Size, Trends and Insights By Equipment Type (Surface Mining Equipment, Underground Mining Equipment, Mineral Processing Equipment, Others), By Application (Metal Mining, Mineral Mining, Coal Mining), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global
List of the prominent players in the Mining Equipment Market:
- Epiroc AB
- AB Volvo
- Atlas Copco
- Hitachi Ltd
- Metso Corporation
- Boart Long Year Ltd
- Caterpillar Inc
- China Coal Energy Group Co. Ltd
- Vipeak Mining Machinery Co. Ltd
- Guangdong Leimeng Intelligent Equipment Group Co. Ltd
- Henan Baichy Machinery Equipment Co. Ltd
- Komatsu Ltd
- Liebherr
- Metso Qutotec
- Zoomlion Heavy Industry Science & Technology Co. Ltd.
- MacLean Engineering
- Weir Group PLC
- Sandvik AB
- Terex Corporation
- Doosan Infracore
- Others
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Mining Equipment Market Regional Insight
By region, the mining equipment market is segmented into Asia-Pacific, Europe, North America, Middle East & Africa and Latin America. The Asia-Pacific region dominated the global market in 2022 with a market share of 37.5% in 2022 and is expected to keep its dominance during the forecast period.
China is one of the largest consumers and producers of coal and various metals, which has a substantial impact on the mining equipment market. Governments and mining companies are investing in advanced technologies, such as AI and IoT, to optimize resource extraction and reduce environmental impact.
Additionally, there’s a growing emphasis on sustainable mining practices, driven by stringent environmental regulations. The region’s increasing demand for metals and minerals, driven by infrastructure development and urbanization, is fuelling investments in modern mining equipment.
Collaborations with technology providers and a shift towards eco-friendly solutions mark key developments in the evolving landscape of the Asia Pacific mining equipment market.
The Indian mining equipment industry maintained its strong growth momentum in 2022. The industry posted an impressive growth of 26% in 2023 with total volumes crossing the one lakh unit mark. The growth was driven by improvement in the overall macroeconomic environment and a strong revival in construction activities.
North America held the second largest market share in the global mining equipment market in 2022 and is expected to keep its position throughout the forecast period owing to increasing demand for mining equipment from the U.S. and Canada.
The Middle East & Africa region is expected to grow at substantial growth rates during the forecast period, driven by its substantial share of natural resources such as gold, copper, and phosphate. In recent years, the nation has made substantial investments in the mining sector.
This growth trajectory is attributed to rising investments in mining, the integration of advanced technologies, and the escalating demand for minerals and resources. The unique combination of these factors positions Saudi Arabia as a key country in the expanding landscape of the mining equipment market.
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Global Mining Equipment Market Segmentation-
By Equipment Type
- Surface Mining Equipment
- Underground Mining Equipment
- Mineral Processing Equipment
- Others
By Application
- Metal Mining
- Mineral Mining
- Coal Mining
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Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Mining Equipment Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Mining Equipment Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Mining Equipment Market? What Was the Capacity, Production Value, Cost and PROFIT of the Mining Equipment Market?
- What Is the Current Market Status of the Mining Equipment Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Mining Equipment Market by Considering Applications and Types?
- What Are Projections of the Global Mining Equipment Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Mining Equipment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Mining Equipment Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Mining Equipment Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Mining Equipment Industry?
Click Here to Access a Free Sample Report of the Global Mining Equipment Market @ https://www.custommarketinsights.com/report/mining-equipment-market
Reasons to Purchase Mining Equipment Market Report
- Mining Equipment Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Mining Equipment Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Mining Equipment Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Mining Equipment Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Mining Equipment market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Mining Equipment market analysis.
- The competitive environment of current and potential participants in the Mining Equipment market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Mining Equipment market should find this report useful. The research will be useful to all market participants in the Mining Equipment industry.
- Managers in the Mining Equipment sector are interested in publishing up-to-date and projected data about the worldwide Mining Equipment market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Mining Equipment products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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