Mining Equipment Market

1
Global Mining Equipment Market2017 2025

• Published by Accurize Market Research Pvt. Ltd.

2
Global Mining Equipment Market is Estimated to
Reach 168 Billion by 2024

• Global mining equipment market report published
  by Accurize Market Research forecast that the
  global market is expected to reach 168 billion
  by 2024 growing at a CAGR of 7 from 2017 to
  2025.
• By geography, the Asia Pacific and North America
  are expected to grow at a CAGR of XX and XX,
  respectively, during the forecast period.
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3
Global Mining Equipment Market

• Increasing demand for metal and mineral supplies
  to drive the growth of the market
• Increasing demand for metal and mineral supplies,
  and an increase in consumption of natural
  resources such as petroleum, coal diamonds, and
  gold fuels the demand for the global mining
  equipment market.
• Moreover, increasing the demand for fertilizers
  in the cultivation of crops also boosts the
  growth of the market.

4
Market Segmentation

• The global mining equipment market has been
  bifurcated on the basis of type, application, and
  geography.
• By type, the market is bifurcated into mineral
  processing equipment, surface mining equipment,
  underground mining equipment, mining drills
  breakers, crushing, pulverizing, screening
  equipment, and others.
• By application, the market is categorized into
  metal mining, mineral mining, and coal mining.
• By geography, the market is segmented into North
  America, Europe, Asia-Pacific and Rest of the
  World (RoW).
• The U.S., Canada, and Mexico are covered under
  North America wherein Europe covers Western
  Europe and Eastern Europe.

5
Market Segmentation

• Asia-Pacific covers China, India, and others. RoW
  covers Central and South America, and Middle East
  Africa.
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• Surface mining equipment accounted for the
  largest market share in the type segment", says
  Accurize
• By type segment, surface mining equipment
  accounted for the largest market share in 2017,
  followed by underground mining.
• Mining drills and breakers segment is likely to
  achieve the fastest CAGR during the forecast
  period 2017 2025.

6
Market Segmentation

• Asia-Pacific dominated the global market with
  the highest market share over the forecast
  period", says Accurize
• In 2017, Asia-Pacific held the majority of the
  market share with 64.8 and will continue to get
  the fastest CAGR during the forecast period,
  driven by the existence of a large volume of
  untapped resources, improving technologies and
  legislative, and increasing investments in
  several mining projects.
• Increasing demand for coal in some countries such
  as India and China are also supplementing market
  growth in the region. RoW held the second largest
  market share with 13.5 in 2017.

7
Top players in the market

• Major companies operating in the market include
• Komatsu Ltd
• Caterpillar Inc
• Doosan Group
• Joy Global
• Atlas Copco
• AB Volvo
• Hitachi Co. Ltd
• Liebherr Group
• Sandvik
• Metso

8
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