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Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Equipment; Underground Mining Equipment; Mining Drills and Breakers; Crushing, Pulverizing, & Screening Equipment; and Others) and Applications (Metal Mining, Mineral Mining, and Coal Mining): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

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CM_16113
Pages: 228
Dec 2018 | 7213 Views
 
Author's : Asavari Patil
Tables: 80
Charts: 49
 

Mining Equipment Market Overview:

The global mining equipment market size is expected to reach $188,773.0 million by 2025 from $106,853.0 million in 2017, growing at a CAGR of 7.2% from 2018 to 2025. Mining equipment are used for extraction of geological materials, such as copper, nickel, cobalt, gold, silver, lead, zinc, iron, diamond, platinum, and others, from the surface or under the earth. These equipment or machines perform digging, drilling, and loading activities in the mining industry. Caterpillar, Komatsu, Liebherr-International AG, and Metso Corporation are some of the leading key players of the mining equipment industry.

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Mining equipment include mining drills and tools, earth movers, crushing equipment and machines, feeding & conveying equipment, and others. Metals and minerals are extracted from the ground with help of computerized remote-control equipment, high-technology operations, and complex machinery. Mining activity may vary according to the type of metals and minerals to be extracted from the earth. There are basically two types of mining processes, that is, surface mining and underground mining, each mining process involves different machineries as per applications. Apart from digging, there are other activities such as milling, smelting, refining, and others.

The mining equipment market size is increasing rapidly due to increase in mining activities for extraction of metals and minerals from the ground, to deal with growing demand for metals and mineral commodities. Furthermore, adoption of various technologies such as automation and IoT is reducing labor cost and operational time associated with mining activities, this in turn is expected to increase the demand for innovative mining equipment. In addition, growing consumption of natural resources, such as coal, diamond, and uranium, and increasing need for mineral fertilizers to improve agricultural yield supplements are major factors expected to increase the demand for the global mining equipment market. However, stringent government regulations such as environmental concerns, safety standards, emission norms, and import regulations are expected to hinder the growth of the global market.

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Increase in usage of coal for heating & electricity generation and rise in construction of roads & railway tracks through hilly areas are expected to fuel the demand for mining activities in emerging countries such as India, China, and others. Moreover, robotic machines and drilling technology minimize human intervention, thereby increasing workplace safety. These factors are also expected to propel the growth of the global mining equipment market. However, increase in prices of raw materials is anticipated to restrain the growth of the global market.

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The global mining equipment market is segmented based on type, application, and region. Based on type, the market is segmented into mineral processing equipment; surface mining equipment; underground mining equipment; mining drills and breakers; crushing, pulverizing, & screening equipment; and others. In 2017, the surface mining equipment segment dominated the market, in terms of revenue, and is expected to maintain this trend in the coming years. Based on application, the market is divided into metal mining, mineral mining, and coal mining, among which the metal mining segment is anticipated to dominate the global mining equipment market throughout the forecast period.

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Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2018, Asia-Pacific contributed the highest share in the global mining equipment market and is anticipated to secure the leading position during the forecast period due to the presence of key manufacturing companies and large investment in the manufacturing sector. Moreover, countries such as China reduce fossil fuel consumption to fight pollution, increasing the need for coal mining in the Asia-Pacific region, which in turns fuels the market growth. China has pioneered the mining equipment in the market. Therefore, it accounts for the highest market share among the countries in Asia-Pacific.

Competitive Analysis

Competitive analysis and profiles of the major mining equipment market players, such as AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB are provided in this report. The key strategies adopted by these players from 2016 to 2018 were product launch, acquisition, and collaboration. For instance, Sandvik AB one of the leading mining equipment manufacturers launched Sandvik Leopard DI650i model, a high-pressure down-the-hole (DTH) drill rig for drilling applications in surface mining and large-scale quarry applications. With this launch, Sandvik expanded its business capabilities in the mining equipment market.

Key Benefits for Mining Equipment Market:

  • The report presents an extensive analysis of the current & emerging market trends and dynamics in the global mining equipment market.

  • In-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2025.

  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.

  • Key market players within the mining equipment market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global market.

Mining Equipment Key Market Segments:

By Type

  • Mineral Processing Equipment

  • Surface Mining Equipment

  • Underground Mining Equipment

  • Mining Drills and Breakers

  • Crushing, Pulverizing, & Screening Equipment

  • Others

By Application

  • Metal Mining

  • Mineral Mining

  • Coal Mining

By Geography

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Eastern Europe

    • Western Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

Key Players

  • AB Volvo  

  • Caterpillar Inc.    

  • Deere & Company

  • Doosan Corporation

  • Epiroc AB    

  • Hitachi, Ltd.  

  • Komatsu Ltd.    

  • Liebherr-International AG    

  • Metso Corporation    

  • Sandvik AB

 

Chapter 1: Introduction

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter 2: Executive summary

2.1. CXO perspective

Chapter 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter's five forces analysis
3.4. Key player positioning, 2018
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increasing demand for metal and mineral commodities
3.5.1.2. Increase in mining activities
3.5.1.3. Increase in consumption of natural resources
3.5.1.4. Need for mineral fertilizers

3.5.2. Restraints

3.5.2.1. Strict government regulations and tariffs
3.5.2.2. Rising prices of raw materials

3.5.3. Opportunity

3.5.3.1. Rising demand for technologically advanced mining equipment
3.5.3.2. Higher demand for coal utilized in heating and generating electricity
3.5.3.3. Increasing construction of road and railway tracks through hilly areas

Chapter 4: Mining Equipment Market, by Type

4.1. Market overview

4.1.1. Market size and forecast, by type

4.2. Mineral processing equipment

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Surface mining equipment

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Underground mining equipment

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Mining drills & breakers

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

4.6. Crushing, pulverizing, & screening equipment

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country

4.7. Others

4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country

Chapter 5: Mining Equipment Market, by Application

5.1. Market overview

5.1.1. Market size and forecast, by application

5.2. Metal mining

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Mineral Mining

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Coal mining

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

Chapter 6: Mining Equipment market, by region

6.1. Market overview

6.1.1. Market size and forecast, by region

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by type
6.2.4.1.2. Market size and forecast, by application

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by type
6.2.4.2.2. Market size and forecast, by application

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by type
6.2.4.3.2. Market size and forecast, by application

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by application
6.3.4. Market size and forecast, by country

6.3.4.1. Eastern Europe

6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by application

6.3.4.2. Western Europe

6.3.4.2.1. Market size and forecast, by type
6.3.4.2.2. Market size and forecast, by application

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by application
6.4.4. Market size and forecast, by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by type
6.4.4.1.2. Market size and forecast, by application

6.4.4.2. India

6.4.4.2.1. Market size and forecast, by type
6.4.4.2.2. Market size and forecast, by application

6.4.4.3. Japan

6.4.4.3.1. Market size and forecast, by type
6.4.4.3.2. Market size and forecast, by application

6.4.4.4. Australia

6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by application

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by type
6.4.4.5.2. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by application
6.5.4. Market size and forecast, by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by type
6.5.4.1.2. Market size and forecast, by application

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by type
6.5.4.2.2. Market size and forecast, by application

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by type
6.5.4.3.2. Market size and forecast, by application

Chapter 7: Company profiles

7.1. AB Volvo (Volvo Construction Equipment)

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments

7.2. Caterpillar Inc.

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments

7.3. Deere & Company

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments

7.4. Doosan Corporation

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments

7.5. Epiroc AB

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. Hitachi, Ltd. (Hitachi Construction Machinery Co., Ltd.)

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. Komatsu Ltd

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments

7.8. Liebherr-International AG

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments

7.9. Metso Corporation

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments

7.10. Sandvik AB

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL MINING EQUIPMENT MARKET, BY TYPE, 20172025 ($MILLION)
TABLE 02. MINERAL PROCESSING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 03. SURFACE MINING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 04. UNDERGROUND MINING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 05. MINING DRILLS & BREAKERS MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 06. CRUSHING, PULVERIZING, & SCREENING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 07. OTHER MINING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 08. GLOBAL MINING EQUIPMENT MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 09. METAL MINING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 10. MINERAL MINING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 11. COAL MINING EQUIPMENT MARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 12. MINING EQUIPMENT MARKETMARKET REVENUE, BY REGION, 20172025 ($MILLION)
TABLE 13. NORTH AMERICA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 14. NORTH AMERICA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 15. NORTH AMERICA MINING EQUIPMENT MARKET REVENUE, BY COUNTRY, 20172025 ($MILLION)
TABLE 16. U.S. MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 17. U.S. MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 18. CANADA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 19. CANADA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 20. MEXICO MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 21. MEXICO MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 22. EUROPE MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 23. EUROPE MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 24. EUROPE MINING EQUIPMENT MARKET REVENUE, BY COUNTRY, 20172025 ($MILLION)
TABLE 25. EASTERN EUROPE MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 26. EASTERN EUROPE MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 27. WESTERN EUROPE MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 28. WESTERN EUROPE MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 29. ASIA-PACIFICMINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 30. ASIA-PACIFIC MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 31. ASIA-PACIFIC MINING EQUIPMENT MARKET REVENUE, BY COUNTRY, 20172025 ($MILLION)
TABLE 32. CHINA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 33. CHINA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 34. INDIA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 35. INDIA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 36. JAPAN MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 37. JAPAN MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 38. AUSTRALIA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 39. AUSTRALIA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 40. REST OF ASIA-PACIFIC MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 41. REST OF ASIA-PACIFIC MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 42. LAMEA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 43. LAMEA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 44. LAMEA MINING EQUIPMENT MARKET REVENUE, BY COUNTRY, 20172025 ($MILLION)
TABLE 45. LATIN AMERICA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 46. LATIN AMERICA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 47. MIDDLE EAST MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 48. MIDDLE EAST MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 49. AFRICA MINING EQUIPMENT MARKET REVENUE, BY TYPE, 20172025 ($MILLION)
TABLE 50. AFRICA MINING EQUIPMENT MARKET REVENUE, BY APPLICATION, 20172025 ($MILLION)
TABLE 51. AB VOLVO: COMPANY SNAPSHOT
TABLE 52. AB VOLVO: OPERATING SEGMENTS
TABLE 53. AB VOLVO: PRODUCT PORTFOLIO
TABLE 54. CATERPILLAR: COMPANY SNAPSHOT
TABLE 55. CATERPILLAR: OPERATING SEGMENTS
TABLE 56. CATERPILLAR: PRODUCT PORTFOLIO
TABLE 57. DEERE & COMPANY: COMPANY SNAPSHOT
TABLE 58. DEERE & COMPANY: OPERATING SEGMENTS
TABLE 59. DEERE & COMPANY: PRODUCT PORTFOLIO
TABLE 60. DOOSAN CORPORATION: COMPANY SNAPSHOT
TABLE 61. DOOSAN CORPORATION: OPERATING SEGMENTS
TABLE 62. DOOSAN CORPORATION: PRODUCT PORTFOLIO
TABLE 63. EPIROC AB: COMPANY SNAPSHOT
TABLE 64. EPIROC AB: OPERATING SEGMENTS
TABLE 65. EPIROC AB: PRODUCT PORTFOLIO
TABLE 66. HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 67. HITACHI, LTD.: OPERATING SEGMENTS
TABLE 68. HITACHI, LTD.: PRODUCT PORTFOLIO
TABLE 69. KOMATSU LTD: COMPANY SNAPSHOT
TABLE 70. KOMATSU LTD: OPERATING SEGMENTS
TABLE 71. KOMATSU LTD: PRODUCT PORTFOLIO
TABLE 72. LIEBHERR-INTERNATIONAL AG: COMPANY SNAPSHOT
TABLE 73. LIEBHERR-INTERNATIONAL AG: OPERATING SEGMENTS
TABLE 74. LIEBHERR-INTERNATIONAL AG: PRODUCT PORTFOLIO
TABLE 75. METSO CORPORATION: COMPANY SNAPSHOT
TABLE 76. METSO CORPORATION: OPERATING SEGMENTS
TABLE 77. METSO CORPORATION: PRODUCT PORTFOLIO
TABLE 78. SANDVIK AB: COMPANY SNAPSHOT
TABLE 79. SANDVIK AB: OPERATING SEGMENTS
TABLE 80. SANDVIK AB: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. GLOBAL MINING EQUIPMENT MARKET, 20172025
FIGURE 02. GLOBAL MINING EQUIPMENT MARKETMARKET: KEY PLAYERS
FIGURE 03. TOP INVESTMENT POCKETS
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR, 2016-2018* (%)
FIGURE 05. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2018* (%)
FIGURE 06. TOP WINNING STRATEGIES, BY COMPANY, 2016-2018* (%)
FIGURE 07. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 08. MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 09. LOW THREAT OF SUBSTITUTES
FIGURE 10. HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE COMPETITIVE RIVALRY
FIGURE 12. KEY PLAYER POSITIONING
FIGURE 13. GLOBAL MINING EQUIPMENT MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 14. MINERAL PROCESSING EQUIPMENT MARKET SHARE, BY COUNTRY, 20172025 (%)
FIGURE 15. SURFACE MINING EQUIPMENT MARKET REVENUE, BY COUNTRY, 20172025 (%)
FIGURE 16. UNDERGROUND MINING EQUIPMENT MARKET, BY COUNTRY, 20172025 (%)
FIGURE 17. MINING DRILLS & BREAKERS MARKET, BY COUNTRY, 20172025 (%)
FIGURE 18. CRUSHING, PULVERIZING, & SCREENING EQUIPMENT MARKET, BY COUNTRY, 20172025 (%)
FIGURE 19. OTHER MINING EQUIPMENT MARKET REVENUE, BY COUNTRY, 20172025 (%)
FIGURE 20. METAL MINING EQUIPMENT MARKET, BY COUNTRY, 20172025 (%)
FIGURE 21. MINERAL MINING EQUIPMENT MARKET, BY COUNTRY, 20172025 (%)
FIGURE 22. COAL MINING EQUIPMENT MARKET, BY COUNTRY, 20172025 (%)
FIGURE 23. AB VOLVO: NET SALES, 20152017 ($MILLION)
FIGURE 24. AB VOLVO: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 25. AB VOLVO: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 26. CATERPILLAR: NET SALES, 20152017 ($MILLION)
FIGURE 27. CATERPILLAR: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 28. CATERPILLAR: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 29. DEERE & COMPANY: REVENUE, 20152017 ($MILLION)
FIGURE 30. DEERE & COMPANY: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 31. DEERE & COMPANY: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 32. DOOSAN CORPORATION: REVENUE, 20152017 ($MILLION)
FIGURE 33. DOOSAN CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 34. DOOSAN CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 35. ATLAS COPCO: NET SALES, 20152017 ($MILLION)
FIGURE 36. HITACHI, LTD.: REVENUE, 20162018 ($MILLION)
FIGURE 37. HITACHI, LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 38. HITACHI, LTD.: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 39. KOMATSU LTD: REVENUE, 20162018 ($MILLION)
FIGURE 40. KOMATSU LTD: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 41. KOMATSU LTD: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 42. LIEBHERR-INTERNATIONAL AG: REVENUE, 20152017 ($MILLION)
FIGURE 43. LIEBHERR-INTERNATIONAL AG: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 44. LIEBHERR-INTERNATIONAL AG: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 45. METSO CORPORATION: REVENUE, 20152017 ($MILLION)
FIGURE 46. METSO CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 47. METSO CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 48. SANDVIK AB: NET SALES, 20152017 ($MILLION)
FIGURE 49. SANDVIK AB: REVENUE SHARE BY SEGMENT, 2017 (%)

 

 

Mining equipment is an equipment majorly used for mine exploration. It is used in the mining sector to dig earth surface to obtain metal, mineral ore, and precious stones. The global mining equipment market has witnessed significant growth due to expansion of mining industries in emerging countries such as India, China, and others. Furthermore, surge in adoption of mining equipment due to increase in new technologies in the mining sector boosts the growth of the global mining equipment market. In addition, reduced labor cost, increased workplace safety, reduced operational time, and high precision of work are some of the factors that boost the growth of mining equipment in the market. However, government regulations are expected to hinder the market growth to a certain extent.

Mining equipment have widespread demand in the Asia-Pacific, followed by North America, Europe, and LAMEA. The highest share of the Asia-Pacific market is attributed to the increase in investment in the manufacturing sector by market leaders for business expansion.

The metal mining industry accounted for the highest market share in 2018, as the demand for mining equipment is increasing in this industry to perform mining operations efficiently and reduce operational time. Moreover, surface mining equipment and underground mining equipment industries are expected to generate the maximum revenue share throughout the forecast period.

In addition, various leading manufacturers such as Caterpillar and Komatsu occupy prominent revenue share in the mining equipment market. Key companies have focused on collaboration, product launch, and partnership with exceptional product offerings to strengthen their foothold in the market. For instance, Komatsu acquired Joy Global Inc, a leading mining and construction equipment manufacturer, to strengthen capabilities in mining equipment manufacturing.

 

 

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