Learn about the global mining machinery and equipment market through The Business Research Company, which provides information on mining machinery and equipment market size, mining machinery and equipment market drivers and restraints, mining machinery and equipment market players, the COVID-19 impact on the mining machinery and equipment market, and more.

The global mining machinery and equipment market size is expected to grow from $62.02 billion in 2021 to $70.41 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The global mining machinery and equipment market size is expected to grow to $111.95 billion in 2026 at a compound annual growth rate (CAGR) of 12.3%.

The increasing demand for mining is fuelling the growth of the mining machinery and equipment market.

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The mining machinery and equipment market consist 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

Global Mining Machinery And Equipment Market Segments Include:

By Product Type: Underground Mining Machinery; Surface Mining Machinery; Drills and Breakers; Crushing, Pulverizing, and Screening Equipment; Mineral Processing Machinery; Other Product Types

By Function Type: Transportation; Processing; Excavation

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 was the largest region in the mining machinery market in 2021

The growing technological advancements are a major trend shaping popularity in the mining machinery and equipment market. Major firms operating in the mining machinery sector are focusing on developing advanced technology solutions for mining machinery.

TBRC’s mining machinery and equipment market report covers:

Major Market Players: Caterpillar Inc, Komatsu Ltd, Metso Corporation, Sandvik AB, Doosan Corporation, Liebherr, Hitachi Construction Machinery Co, Ltd, Atlas Copco AB, Epiroc AB, and Sany Heavy Equipment International Holdings Company Limited.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Mining Machinery And Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s mining machinery and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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