Mining Equipment Market at a Highest CAGR by Top Competitors Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co. Ltd., Terex Corporation, Among Others

Global Mining Equipment Market is expected to rise from its initial estimated value of USD 76.75 billion in 2018 to an estimated value of USD 120.03 billion by 2026, registering a CAGR of 5.75% in the forecast period of 2019-2026.

Global Mining Equipment Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mining equipment market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Global Mining Equipment Market,

  • By Equipment Category (Crushing, Pulverizing & Screening Equipment; Drills & Beakers; Mineral Processing Equipment; Surface Mining Equipment; Underground Mining Equipment);
  • Industry (Coal; Metal; Minerals);
  • Propulsion (Diesel; Gasoline; CNG/LNG/Others); Electric Equipment Type (Mining Trucks; LHD);
  • Autonomous Equipment Category (Surface Mining; Underground Mining);
  • Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa) – Industry Trends and Forecast to 2026

Market Drivers:

  • Rising demand of metals and minerals worldwide is expected to drive the market growth
  • Presence of regulations and upcoming applicable regulations by the authorities is also expected to drive the market growth

Key Market Competitors:

Few of the major competitors currently working in the Mining Equipment Market are:-

  • Caterpillar,
  • AB Volvo,
  • Komatsu Ltd.,
  • Sandvik AB,
  • Liebherr-International Deutschland GmbH,
  • Hitachi Construction Machinery Co. Ltd.,
  • Terex Corporation,
  • Mining Machines JSC,
  • Atlas Copco AB,
  • Doosan Corporation,
  • Equipment North Inc.,
  • RTM Equipment,
  • Konecranes,
  • XCMG Group,
  • BEML Limited,
  • Hyundai Heavy Industries Co. Ltd., and
  • AARD Mining Equipment.

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Key Developments in the Market:

  • In July 2018, Sandvik AB announced that they have completed the acquisition of Inrock. With this acquisition Sandvik is expected to expand its products & services portfolio along with the share of the market.
  • In March 2018, AB Volvo’s construction equipment division announced that they had initiated 3D printing of spare parts for their construction equipment. This step is expected to improve the delivery time of spare parts to the consumers.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

Table of Contents

  1. Introduction
  2. Market Segmentation
  3. Market Overview
  4. Executive Summary
  5. Premium Insights
  6. Global, By Component
  7. Product Type
  8. Delivery
  9. Industry Type
  10. Geography

10.1. Overview

10.2. North America

10.3. Europe

10.4. Asia-Pacific

10.5. South America

10.6. Middle East & Africa

  1. Company Landscape
  2. Company Profiles
  3. Related Reports

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Hi, this is Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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