Global Mining Machinery Market, By Category (Crushing, Pulverizing, Screening Machinery; Mineral Processing Backhoe Loader; Surface Mining Machinery; Underground Mining Machinery), Propulsion (Diesel, CNG/LNG/RNG), Power Output (2,000 HP), Application (Mineral, Metal, Coal), Mining Category (Surface Mining, Underground Mining), Type (Mining Truck, LHD), Battery Type (Lithium-Ion, Lead-Acid, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Mining Machinery Market
Mining machinery market is expected to witness market growth at a rate of 4.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on mining machinery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The machinery used to extract precious minerals, nutrients and materials from the surface or from below the surface of the earth can be described as mining machinery. Because of the tough nature of the surface of the earth and even below the surface, these materials need to be excavated to increase the efficiency of mining met hods compared to human labour.
The growing use of electric machinery in underground mining, increase in demand for metals and commodities, presence of regulations and upcoming applicable regulations by the authorities, increasing focus on productivity to maximize ROI from mining, increased mineral production and stabilizing commodity prices, growing investments in innovation and digitalization are some of the major as well as impactful factors which will likely to augment the growth of the mining machinery market in the projected timeframe of 2021-2028. On the other hand, increasing usage of autonomous mining machinery and telematics in mining machinery along with increasing demand for metals from construction and manufacturing industry which will further contribute by generating immense opportunities that will led to the growth of the mining machinery market in the above mentioned projected timeframe.
Declining sales of the machinery due to pandemic along with export of used machinery to developing economies which will likely to act as market restraints factor for the growth of the mining machinery in the above mentioned projected timeframe. Lack of standardization which will become the biggest and foremost challenge for the growth of the market.
This mining machinery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mining machinery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Mining Machinery Market Scope and Market Size
Mining machinery market is segmented on the basis of category, propulsion, power output, application, mining category, type, and battery type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Mining machinery market on the basis of category has been segmented as crushing, pulverizing, screening machinery; mineral processing backhoe loader; surface mining machinery; and underground mining machinery. Surface mining machinery has been further segmented into crawler excavators, crawler dozers, motor graders, rigid dump trucks, and articulated dump trucks. Underground mining machinery has been further segmented into electric shovels, hydraulic excavators, wheeled loaders, mining dozers, mining trucks, and drills.
- Based on propulsion, the mining machinery market has been segmented into diesel, and CNG/LNG/RNG.
- On the basis of power output, the mining machinery market has been segmented into <500 HP, 500-2,000 HP, and >2,000 HP.
- On the basis of application, the mining machinery market has been segmented into mineral, metal, and coal.
- Mining machinery has also been segmented on the basis of mining category into surface mining, and underground mining.
- Based on type, the mining machinery market has been segmented into mining truck, and LHD.
- On the basis of battery type, the mining machinery market has been segmented into lithium-ion, lead-acid, and others. Others have been further segmented into lithium-ion phosphate, lithium titanite oxide, lithium manganese oxide, nickel-metal hydride, and solid-state battery.
Mining Machinery Market Country Level Analysis
Mining machinery market is analysed and market size, volume information is provided by country, category, propulsion, power output, application, mining category, type, and battery type as referenced above.
The countries covered in the mining machinery market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the mining machinery market due to the increasing demand of coal along with prevalence of abundant deposits and increasing number of research and development activities in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mining Machinery Market Share Analysis
Mining machinery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mining machinery market.
The major players covered in the mining machinery market report are Caterpillar.; Komatsu Ltd.; Sandvik AB; Epiroc Mining India Limited; Doosan Infracore North America; Liebherr-International Deutschland GmbH; AB Volvo; Hitachi Construction Machinery Co., Ltd.; JCB; Liugong Machinery Co., Ltd.; Kobelco Construction Machinery Co., Ltd.; Sumitomo Heavy Industries, Ltd.; XCMG Group; WIRTGEN GROUP Branch of John Deere GmbH & Co. KG; Mine Master Spólka z o.o.; FIORI GROUP S.p.A.; Wacker Neuson SE; RTM Equipment; ASTEC INDUSTRIES, INC.; BELL Equipment.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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