Global Mining Equipment Market
Mining Equipment Market Insights The mining equipment market is estimated to grow at a significant CAGR during the forecast period. Increased development of electric and autonomous mining, upcoming emission regulations, and increase in demand for minerals and metals are some of the major factors driving the market growth of mining equipment. The mining industry is currently witnessing a positive phase, with increase in commodity price, and augmented demand for raw material is further expected to boost the market growth. However, growth of the market is majorly driven by the increased demand of high priced metals like copper, gold, and other ores. Growing drilling and exploration activities across the world is one of the major factors which are expected to drive the market growth over the forecasted period. Increased investments and adoption of automated technologies in the sector has directed to the improved use of connected and smart solutions. Furthermore the market has also witnessed the adoption of big data analytics which helped in reduction of operational costs and improved processes. Data analytics is used in many phases involved in mining processes to ensure workers safety and security, facilitate smart collaboration, and smarter procurement of equipment. Request a sample copy of the report @ https://www.globalmarketestimates.com/global-mining-equipment-market-size/ Mining Equipment Market: Vendor Landscape The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies. Mining Equipment Market: Share & Competitor Analysis Some of the key players operating in the mining equipment market are Komatsu, Caterpillar, Volvo Construction Equipment, Sandvik, Doosan Infracore, Liebherr, Caterpillar and Atlas Copco AB among others. In July 2018, Sandvik announced that they have signed an agreement to acquire Inrock, the company is one of the leading suppliers of rock drilling tools and services for Horizontal Directional Drilling in North America. In March 2018, Liebherr developed and established a new facility in Rognac, France. The facility is built over an area of 43,000 square meters. In April 2017, Komatsu successfully acquired Joy Global for USD 3.7 billion; the company is engaged in the manufacturing of underground mining equipment. Browse the report @ https://www.globalmarketestimates.com/global-mining-equipment-market-size/
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