The Global Mining Machinery And Equipment Market Report by The Business Research Company covers mining machinery and equipment market drivers and restraints, mining machinery and equipment market size, major players, and the impact of COVID-19 on the mining machinery and equipment market.
The mining machinery and equipment market consists of sales of mining machinery and equipment by entities (organizations, sole traders or partnerships) that are engaged in manufacturing underground mining machinery and equipment, such as coal breakers, mining cars, core drills, coal cutters, rock drills and manufacturing mineral beneficiating machinery and equipment used in surface or underground mines. Only goods and services traded between entities or sold to end consumers are included.
The global mining machinery and equipment market is expected to grow from $24.99 billion in 2020 to $27.07 billion in 2021 at a compound annual growth rate (CAGR) of 8.36%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $41.49 billion in 2025 at a CAGR of 11.26%.
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Some mining machinery and equipment market trends include growing technological advancements. Major firms operating in the mining machinery sector are focusing on developing advanced technology solutions for mining machinery.
Global mining machinery and equipment market segments include:
1) By Product Type: Underground Mining Machinery, Surface Mining Machinery, Drills and Breakers, Crushing, Pulverizing, and Screening Equipment, Mineral Processing Machinery, Others
2) By Function Type: Transportation, Processing, Excavation
3) By Application: Coal, Mineral, Metal
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest global mining machinery and equipment market share.
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The Mining Machinery And Equipment Market – By Product Type (Underground Mining Machinery, Surface Mining Machinery, Drills And Breakers, Crushing, Pulverizing, And Screening Equipment, Mineral Processing Machinery, Others), By Function Type (Transportation, Processing, Excavation), By Application (Coal, Minerals, Metals) And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides mining machinery and equipment market overviews, analyzes and forecasts market size, share, mining machinery and equipment market players, mining machinery and equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The mining machinery and equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Mining Machinery And Equipment Market – Opportunities And Strategies – Global Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Caterpillar Inc., Komatsu Ltd., Metso Corporation, Sandvik AB, Doosan Corporation, Liebherr, Hitachi Construction Machinery Co., Ltd., Atlas Copco AB, Epiroc AB, Sany Heavy Equipment International Holdings Company Limited, Hyundai Heavy Industries, Joy Global Inc, Astec Industries Incorporated, Bell Equipment Limited, Boart Longyear Ltd, Bradken Limited, FLSmidth & Co., Furukawa Co. Ltd, Kopex SA, and Deere & Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Mining Machinery And Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Mining Machinery And Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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