Global Mining Machinery and Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
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 the sales of mining machinery and equipment by entities (organizations, sole traders or partnerships) that are engaged in manufacturing mining machinery and equipment, such as underground mining machinery, surface mining machinery, drills and breakers, crushing, pulverizing and screening equipment and mineral processing machinery.
The global mining machinery and equipment market reached a value of nearly $19,940.3 million in 2020, having decreased at a compound annual growth rate (CAGR) of -2.0% since 2015. The market is expected to grow from $19,940.3 million in 2020 to $36,095.3 million in 2025 at a rate of 12.6%. The mining machinery and equipment market is expected to grow from $36,095.3 million in 2025 to $55,100.4 million in 2030 at a CAGR of 8.8%.
An increase in incentives and opportunities in developing markets drove the mining machinery and equipment market. In November 2020, the Union Coal Minister, Mr. Pralhad Joshi, announced that 19 mines had successfully been auctioned. On October 9, 2020, the government launched a website for entities involved in research and development (R&D) in the mining sector. The website is likely to help in disseminating and promoting the knowledge and research work in the coal mining sector. All of these incentives, opportunities and policies will drive the mining machinery and equipment market in the forecast period.
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Some mining machinery and equipment market trends include increasingly investing in battery-operated or electric-driven mining machinery and equipment with increasing focus towards the reduction of greenhouse gases from daily operations, lower operating costs and improved health and safety of working professionals. Moreover, the major players in the mining machinery and equipment market are focusing on expanding their development activities in automated mining machinery and electric-driven mining machinery through strategic collaboration and partnership with the technology players in the industry.
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
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Mining Machinery and Equipment Opportunities And Strategies: 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 Opportunities And Strategies: 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., Sandvik AB, Komatsu Ltd., Liebherr, Hitachi Construction Machinery Co., Ltd.
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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