Mining is an extraction process of obtaining coal, minerals, metals and other such materials from the earth. Mining is an important sector of the world economy, which generates employment and provides innumerable resources to other industries. Petroleum, coal, natural gas, and water are the main products extracted during mining, in addition to various substances comprising uranium, diamond, stone, rock, various chemicals, and geologically deposited substances.
The world mining equipment is forecasted to grow at a CAGR of 7.9% during 2016 ‐ 2022, to reach over $150 billion by 2022. 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 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 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. By application, the market is segmented as metal mining, mineral mining, and coal mining. Geographically, the market is classified into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is anticipated to be the largest market of mining equipment during the forecast period. India, China, Australia, and Indonesia are likely to be the main revenue-generating countries in Asia-Pacific. The report also provides a country-wise analysis of the key geographic regions.
Companies profiled in the report are Caterpillar Inc., Komatsu Ltd., Sandvik, Joy Global, Hitachi Co. Ltd., Atlas Copco, AB Volvo, Doosan Group, Metso and Liebherr Group.
MINING EQUIPMENT MARKET SEGMENTS
SIMILAR MARKET STUDIES
Summary Windflow Technology Limited (Windflow) is a wind turbine manufacturer. The company conducts designing, developing and manufacturing of wind power turbines. It offers Windflow 500, a two bladed horizontal-axis wind turbine and rotor blades. Windflow also offers various services including siting, resource consents, training, maintenance, and operations and general wind energy ...
May 2014 | $250 | View Details >>
The Europe Subsea Production And Processing System Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Subsea Production And Processing System industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Subsea Production And ...
April 2016 | $3600 | View Details >>
The United States Wind Gear Box Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Wind Gear Box industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Wind Gear Box market analysis is ...
June 2016 | $3800 | View Details >>
Summary This comprehensive SWOT profile of GEA Power Cooling, Inc. provides you with an in-depth strategic analysis of the company's businesses and operations. The profile will give you a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats. The profile helps you ...
October 2014 | $300 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research