Mining Equipment Market Sensing DTS Market AMarket Market Lasers Market et Opportunity Analysis and Industry Forecast, 2016-2023 Opportunity Analysis Opportunity Analysis Global Opportunity Global Opportunity Analysis and Industry Analysis and Industry and Industry Forecast, 2014-2022 2014 - 2022 Global Opportunity Opportunity Analysis and Industry Forecast, and Industry Forecast, Analysis and Industry Global Opportunity Analysis and Industry Forecast, 2017-2023 Forecast, 2014-2022 Forecast, 2014 - 2022 2014-2022 Forecast, 2015-2022 Pages:140 Tables:43 Charts:95
Mining Equipment Market Mining Equipment Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $156 billion by 2022, registering a CAGR of 7.9% during the period 2016 - 2022. Asia-Pacific accounted for the highest revenue of over $50 billion in 2015, followed by LAMEA. The market growth is likely to be driven by increasing demand for coal in electricity generating applications, increasing demand for technologically advanced mining equipment, and rising construction of roads and railways through hilly areas. The segmentations by type include mineral processing equipment, surface mining equipment, underground mining equipment, mining drills & breakers, crushing, pulverizing & screening equipment, and other mining equipment. Surface mining equipment accounted for the maximum market share of around 31% in 2015, as they are extensively being used in application areas such as coal mining. From a growth perspective, mining drills and breakers is projected to be the fastest growing segment due to increasing application in metal mining. In 2015, LAMEA was the second largest market followed by North America. Asia-Pacific would continue to dominate the overall market throughout the forecast period owing to increasing demand of mining equipment from countries such as China, India, Indonesia and others.
Mining Equipment Market Major factors that boost the demand of mining equipment are rising demand for metal and mineral commodities and increasing consumption of natural resources, such as coal, diamond, and uranium. Moreover, increasing need for mineral fertilizers to improve agricultural yield supplements the global mining equipment market. Major challenges for the players operating in the mining equipment market are increasing cost of raw materials and strict government regulations. However, the rising demand for technologically advanced mining equipment, increasing usage of coal for heating and electricity generation and increasing construction of roads and railway tracks through hilly areas present various opportunities for the market growth. The world mining equipment market is segmented on the basis of equipment type, application, and geography. By equipment type, the mining equipment market is further categorized into six segments: mineral processing equipment; surface mining equipment; underground mining equipment; mining drills & breakers; crushing, pulverizing, & screening equipment and others. The demand for precious metals, such as gold, silver, copper, titanium, and bauxite is an important factor boosting the global mining equipment market. The demand for technologically advanced mining equipment such as, remote monitoring mining equipment is causing the mining equipment market to expand in developed regions. Access Full Report : https://www.alliedmarketresearch.com/mining-equipment-market
Mining Equipment Market Key Findings of Mining Equipment Market • Asia-Pacific would continue to be the dominant market for mining equipment throughout the forecast period. • Metal mining application segment is forecast to witness fastest CAGR during 2016-2020. • Surface mining equipment accounted for the largest share of the overall market in 2015. • Mining drills and breakers segment is expected to exhibit fastest growth during the forecast period. • Product launch and acquisition are the key growth strategies adopted by the leading market players to strengthen their foothold in the market. Key companies profiled include Caterpillar Inc., Komatsu Ltd., Sandvik, Joy Global Inc., Hitachi Construction Machinery Co. Ltd., Atlas Copco, AB Volvo, Doosan Heavy Industries & Construction, Metso, and Liebherr Group.
Mining Equipment Market Mining Equipment Market Key Segments: By Type • Mineral processing equipment • Surface mining equipment • Underground mining equipment • Mining drills & breakers • Crushing, pulverizing, & screening equipment • Others By Application • Metal mining • Mineral mining • Coal mining For Request Sample: https://www.alliedmarketresearch.com/request-sample/113
Mining Equipment Market By Geography North America • • • Europe • • Asia-Pacific • • • LAMEA • U.S Canada Mexico Western Europe Eastern Europe China India Rest of APAC Latin America Middle East & Africa For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/113
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