Global mining equipment industry expected to reach $133.2 billion by 2026

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DUBLIN, June 3, 2022 /PRNewswire/ — The “Global Mining Equipment Market (by Type, Application, and Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2026)” report has been added to from ResearchAndMarkets.com offer.

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The global mining equipment market is expected to reach US$133.2 billion in 2026, growing at a CAGR of 5.00%, over the period 2022-2026. Factors such as increased coal consumption ChinaRising production of underground copper, increasing sales of mineral fertilizers, growing demand for cobalt batteries, and growing use of electrical machinery in underground mines would drive the growth of the market.

However, market growth would be challenged by the export of used mining machinery to developing countries and stringent regulations on mining activities. Some notable trends may include rising copper consumption in passenger vehicles, accelerating capital expenditures in the mining industry, use of telematics in mining machinery, and increasing use of mining equipment. outsourcing.

The mining equipment market is growing rapidly all over the world owing to the development of new mining tools and machinery. Technology is becoming a critical differentiator for manufacturers and mining companies as digitalization and automation continue to grow. The major players are focusing on reducing mining and equipment maintenance costs. Additionally, the industry is witnessing large-scale adoption of different groups of technologies, such as robotics and automation, smart sensors, and 3D printing, to improve operational efficiency, which is propelling the growth significantly. of the market.

At the regional level, the market is analyzed through Asia Pacific, North America, Europeand LINE. Asia Pacific holds the largest market share for mining equipment with India, Australiaand China as the main revenue-generating countries in the region.

Report scope

  • The report provides a comprehensive analysis of the global mining equipment market.

  • The major regional markets (Asia Pacific, North America, Europeand ROW) were analyzed in detail.

  • Market dynamics such as growth drivers, market trends, and challenges are analyzed in depth.

  • The company profiles of the main players (Hitachi Caterpillar Inc., Komatsu Limited, Liebherr, Atlas Copco and Sandvik) are also presented in detail.

Key target audience

  • Mining Equipment Manufacturers

  • Supply chain partners

  • End users (biopharmaceutical and R&D centers and clinics)

  • Design offices

  • Investment banks

  • Government agencies and regulatory authorities

Main topics covered:

1. Market overview
1.1 Introduction
1.2 Types of mining processes
1.3 Common heavy equipment for mining
1.4 Automation of mining equipment
1.5 A typical mining equipment cycle
1.6 Mining equipment value chain

2. Impact of COVID-19
2.1 Fall in iron ore production
2.2 Lower copper exploration expenditures
2.3 Drop in the number of platforms

3. Global market
3.1 Global Mining Equipment Market by Value
3.2 Global Mining Equipment Market Forecast by Value
3.3 Global Mining Equipment Market by Type
3.3.1 Global Surface Mining Equipment Market by Value
3.3.2 Global Surface Mining Equipment Market Forecast by Value
3.3.3 Global Underground Mining Equipment Market by Value
3.3.4 Global Underground Mining Equipment Market Forecast by Value
3.3.5 Global Mineral Processing Equipment Market by Value
3.3.6 Global Mineral Processing Equipment Market Forecast by Value
3.4 Global Mining Equipment Market by Application
3.4.1 Global Metal Mining Equipment Market by Value
3.4.2 Global Metal Mining Equipment Market Forecast by Value
3.4.3 Global Non-Metallic Mining Equipment Market by Value
3.4.4 Global Non-Metallic Mining Equipment Market Forecast by Value
3.4.5 Global Coal Mining Equipment Market by Value
3.4.6 Global Coal Mining Equipment Market Forecast by Value
3.5 Global Mining Equipment Market by Regions

4. Regional market
4.1 Asia Pacific
4.1.1 Asia Pacific Mining Equipment Market by Value
4.1.2 Asia Pacific Mining Equipment Market Forecast by Value
4.2 North America
4.2.1 North America Mining Equipment Market by Value
4.2.2 North America Mining Equipment Market Forecast by Value
4.2.3 North America Mining Equipment Market by Regions
4.2.4 The US mining equipment market by value
4.2.5 US Mining Equipment Market Forecast by Value
4.2.6 US Mining Equipment Market by Type
4.2.7 US Surface Mining Equipment Market Forecast by Value
4.2.8 US Surface Mining Equipment Market Forecast by Value
4.2.9 The US Underground Mining Equipment Market Forecast by Value
4.2.10 U.S. Underground Mining Equipment Market Forecast by Value
4.3 Europe
4.3.1 Europe mining equipment market by value
4.3.2 Europe Mining Equipment Market Forecast by Value
4.4 LINE
4.4.1 ROW Mining Equipment Market by Value
4.4.2 ROW Mining Equipment Market Forecast by Value

5. Market dynamics
5.1 Drivers of growth
5.1.1 Increase in coal consumption in China
5.1.2 Increase in copper production from underground
5.1.3 Mineral Fertilizer Sales Growth
5.1.4 Growing Demand for Cobalt Batteries
5.1.5 Increased use of electrical machinery in underground mining
5.2 Key Trends and Developments
5.2.1 Increase in copper consumption in passenger vehicles
5.2.2 Acceleration of capital expenditure in the mining industry
5.2.3 Use of telematics in mining machines
5.2.4 Growing use of outsourcing equipment
5.3 Challenges
5.3.1 Export of used mining machinery to developing countries
5.3.2 Strict regulations on mining activities

6. Company Profiles
6.1 Hitachi
6.1.1 Overview of activities
6.2 Caterpillar Inc.
6.2.1 Overview of activities
6.3 Komatsu Limited
6.3.1 Overview of activities
6.4 Liebherr
6.4.1 Overview of activities
6.5 Atlas Copco
6.5.1 Activity Overview
6.6 Sandvik
6.6.1 Activity Overview

For more information on this report, visit https://www.researchandmarkets.com/r/7bozp8

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Research and Markets
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