Global Mining Equipment Market Size, Share & Trends Analysis Report, By Type (Surface Mining Equipment, Mineral Processing Equipment, Underground Mining Equipment), By Application (Coal Mining, Metal Mining, and Non-Metal Mining) and Forecast, 2020-2026.
The global mining equipment market is estimated to grow at a CAGR during the forecast period. Rising demand for underground mining equipment and growth in minerals mining operations are some crucial factors accelerating market growth. Additionally, the rising launches of advanced mining equipment are supporting to further drive the market growth. For instance, in May 2020, Corum has manufactured unique equipment for miners of Ukraine. KNF is the new cutting frontal complex that supports not only quick face preparation for coal mining, however, also facilitates the sinkers work safer. Only two of these machines are operated in Ukraine. KNF is the first such tunneling complex across the globe that is intended for the excavation of rectangular cross-section in low-power layers, up to 2 meters. It fully mechanized the cutting niche processes in complex geological and mining conditions. The KNF capacity is up to 1.5 tons per minute. KNF machine is advanced, reliable, powerful, and is easy to operate and maintain.
Geographically, the North American mining equipment market is significantly driven by the growth in minerals mining operations. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals in 2019, which is more than $2 billion higher compared to revised 2018 production totals. This, in turn, is resulting in an increasing demand for mining equipment. Specialized underground mining equipment including loaders, diggers, and trucks are utilized to excavate raw materials. The Asia-Pacific mining equipment market is driven by the significant position in the mining sector and potential innovations coupled with the presence of some key players such as Komatsu Ltd., Doosan Corp., and Hitachi Construction Machinery Co., Ltd.
Some key players in the market include Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Doosan Corp. Partnerships and collaborations and product launches are some key strategies adopted by the market players. For instance, in February 2020, FLSmidth received an order from Slavkaliy for delivering equipment to a new potassium mining and processing facility in Belarus. The company will deliver liquid-solid separation equipment islands to Slavkaliy for a new facility in the Nezhinsky area of the Starobinskoye potassium salt deposits in Belarus. The liquid-solid separation equipment islands comprise a significant number of thickener and clarifier, pan- and horizontal belt filter packages.
Research Methodology
The market study of the global mining equipment market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The research analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. Global Mining Equipment Market Research and Analysis by Type
2. Global Mining Equipment Market Research and Analysis by Application
The Report Covers
The global mining equipment market is estimated to grow at a CAGR during the forecast period. Rising demand for underground mining equipment and growth in minerals mining operations are some crucial factors accelerating market growth. Additionally, the rising launches of advanced mining equipment are supporting to further drive the market growth. For instance, in May 2020, Corum has manufactured unique equipment for miners of Ukraine. KNF is the new cutting frontal complex that supports not only quick face preparation for coal mining, however, also facilitates the sinkers work safer. Only two of these machines are operated in Ukraine. KNF is the first such tunneling complex across the globe that is intended for the excavation of rectangular cross-section in low-power layers, up to 2 meters. It fully mechanized the cutting niche processes in complex geological and mining conditions. The KNF capacity is up to 1.5 tons per minute. KNF machine is advanced, reliable, powerful, and is easy to operate and maintain.
Geographically, the North American mining equipment market is significantly driven by the growth in minerals mining operations. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals in 2019, which is more than $2 billion higher compared to revised 2018 production totals. This, in turn, is resulting in an increasing demand for mining equipment. Specialized underground mining equipment including loaders, diggers, and trucks are utilized to excavate raw materials. The Asia-Pacific mining equipment market is driven by the significant position in the mining sector and potential innovations coupled with the presence of some key players such as Komatsu Ltd., Doosan Corp., and Hitachi Construction Machinery Co., Ltd.
Some key players in the market include Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Doosan Corp. Partnerships and collaborations and product launches are some key strategies adopted by the market players. For instance, in February 2020, FLSmidth received an order from Slavkaliy for delivering equipment to a new potassium mining and processing facility in Belarus. The company will deliver liquid-solid separation equipment islands to Slavkaliy for a new facility in the Nezhinsky area of the Starobinskoye potassium salt deposits in Belarus. The liquid-solid separation equipment islands comprise a significant number of thickener and clarifier, pan- and horizontal belt filter packages.
Research Methodology
The market study of the global mining equipment market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The research analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. Global Mining Equipment Market Research and Analysis by Type
2. Global Mining Equipment Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global mining equipment market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global mining equipment market.
- Insights about market determinants that are stimulating the global mining equipment market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Caterpillar, Inc.
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. Atlas Copco AB
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. Liebherr Group
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. Komatsu, Ltd.
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
3.2.5. Sandvik AB
3.2.5.1. Overview
3.2.5.2. Financial Analysis
3.2.5.3. SWOT Analysis
3.2.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Mining Equipment Market by Type
5.1.1. Surface Mining Equipment
5.1.2. Mineral Processing Equipment
5.1.3. Underground Mining Equipment
5.2. Global Mining Equipment Market by Application
5.2.1. Coal Mining
5.2.2. Metal Mining
5.2.3. Non-Metal Mining
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AB Volvo
7.2. Astec Industries, Inc.
7.3. Bell Equipment, Ltd.
7.4. Boart Longyear, Ltd.
7.5. China Coal Energy Co., Ltd.
7.6. CNH Industrial N.V.
7.7. Corum Group
7.8. Epiroc AB
7.9. Famur SA
7.10. FLSmidth A/S
7.11. Furukawa Co. Ltd.
7.12. Hitachi Constructioxn Machinery Co., Ltd.
7.13. Hyundai Heavy Industries Holdings Co., Ltd.
7.14. JCB Sales, Ltd.
7.15. John Deere
7.16. Metso Outotec Corp.
7.17. Northern Heavy Industries Group Co., Ltd.
7.18. RCR Tomlinson, Ltd.
7.19. Sandvik AB
7.20. Sany Group
7.21. Thyssenkrupp AG
7.22. Zhengzhou Coal Mine Machinery Group Ltd. (ZMJ Group)List of Tables
1. Global Mining Equipment Market Research and Analysis by Type, 2019-2026 ($ Million)
2. Global Surface Mining Equipment Market Research and Analysis by Region, 2019-2026 ($ Million)
3. Global Mineral Processing Equipment Market Research and Analysis by Region, 2019-2026 ($ Million)
4. Global Underground Mining Equipment Market Research and Analysis by Region, 2019-2026 ($ Million)
5. Global Mining Equipment Market Research and Analysis by Application, 2019-2026 ($ Million)
6. Global Coal Mining Equipment Market Research and Analysis by Region, 2019-2026 ($ Million)
7. Global Metal Mining Equipment Market Research and Analysis by Region, 2019-2026 ($ Million)
8. Global Non-Metal Mining Equipment Market Research and Analysis by Region, 2019-2026 ($ Million)
9. Global Mining Equipment Market Research and Analysis by Geography, 2019-2026 ($ Million)
10. North American Mining Equipment Market Research and Analysis by Country, 2019-2026 ($ Million)
11. North American Mining Equipment Market Research and Analysis by Type, 2019-2026 ($ Million)
12. North American Mining Equipment Market Research and Analysis by Application, 2019-2026 ($ Million)
13. European Mining Equipment Market Research and Analysis by Country, 2019-2026 ($ Million)
14. European Mining Equipment Market Research and Analysis by Type, 2019-2026 ($ Million)
15. European Mining Equipment Market Research and Analysis by Application, 2019-2026 ($ Million)
16. Asia-Pacific Mining Equipment Market Research and Analysis by Country, 2019-2026 ($ Million)
17. Asia-Pacific Mining Equipment Market Research and Analysis by Type, 2019-2026 ($ Million)
18. Asia-Pacific Mining Equipment Market Research and Analysis by Application, 2019-2026 ($ Million)
19. Rest of the World Mining Equipment Market Research and Analysis by Type, 2019-2026 ($ Million)
20. Rest of the World Mining Equipment Market Research and Analysis by Application, 2019-2026 ($ Million)List of Figures
1. Global Mining Equipment Market Share by Type, 2019 Vs 2026 (%)
2. Global Mining Equipment Market Research and Analysis by Application, 2019-2026 ($ Million)
3. Global Mining Equipment Market Share by Geography, 2019 Vs 2026 (%)
4. US Mining Equipment Market Size, 2019-2026 ($ Million)
5. Canada Mining Equipment Market Size, 2019-2026 ($ Million)
6. UK Mining Equipment Market Size, 2019-2026 ($ Million)
7. France Mining Equipment Market Size, 2019-2026 ($ Million)
8. Germany Mining Equipment Market Size, 2019-2026 ($ Million)
9. Italy Mining Equipment Market Size, 2019-2026 ($ Million)
10. Spain Mining Equipment Market Size, 2019-2026 ($ Million)
11. Roe Mining Equipment Market Size, 2019-2026 ($ Million)
12. India Mining Equipment Market Size, 2019-2026 ($ Million)
13. China Mining Equipment Market Size, 2019-2026 ($ Million)
14. Japan Mining Equipment Market Size, 2019-2026 ($ Million)
15. Rest of Asia-Pacific Mining Equipment Market Size, 2019-2026 ($ Million)
16. Rest of the World Mining Equipment Market Size, 2019-2026 ($ Million)
Companies Mentioned
A selection of companies mentioned in this report includes:
- AB Volvo
- Astec Industries, Inc.
- Bell Equipment, Ltd.
- Boart Longyear, Ltd.
- China Coal Energy Co., Ltd.
- CNH Industrial N.V.
- Corum Group
- Epiroc AB
- Famur SA
- . FLSmidth A/S
- Furukawa Co. Ltd.
- Hitachi Constructioxn Machinery Co., Ltd.
- Hyundai Heavy Industries Holdings Co., Ltd.
- JCB Sales, Ltd.
- John Deere
- Metso Outotec Corp.
- Northern Heavy Industries Group Co., Ltd.
- RCR Tomlinson, Ltd.
- Sandvik AB
- Sany Group
- 2 Thyssenkrupp AG
- 2 Zhengzhou Coal Mine Machinery Group Ltd. (ZMJ Group)
