Global Mining Equipment Market 2021 is expected to register a CAGR of Growing rate%, during forecast period with Impact of Covid 19 Analysis


Global “Mining Equipment Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Mining Equipment in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Mining Equipment Market report categorizes the market based on manufacturers, regions, type, and application. Mining Equipment Market reports offer a detailed assessment of the Mining Equipment including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Mining Equipment market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.


The mining industry has witnessed a severe downfall since its peak in 2011 and has plunged about 73%, accounting for nearly USD 1.4 trillion shareholding value until late 2016. However, the industry is currently experiencing a positive phase, with commodity prices rising and augmenting the demand for raw materials. Majorly, mining of high priced metals like gold, copper, and other ores are expected to drive the market.

The ever-increasing demand for these materials has caused the mining equipment manufacturers to come up with better and more advanced equipment. The mining equipment manufacturers can look at opportunities, like the automation of machinery to attract customers for capturing the largest share of the market. The market is driven by the growing resource exploration and augmenting demand for raw materials.

Mining, as an industry, deploys substantial capital investment and among the total, over 1/3rd is for mining equipment. Any country which hosts mining operations is bound to have monetary, labor employment, and local industry benefits. Among the beneficiaries, equipment and service suppliers are the largest ones, accounting for about 69% of the benefits from any particular mining activity in the country. The value indicates a prolific market for mining equipment in the global scenario.

A transition has been observed from underground to the more economical, open-pit mining, which is expected to drive the demand for mining equipment during the forecast period. Furthermore, the development of high-performance equipment, with increased automation, has made extraction of ores with declining grades comparatively cheaper. For example, Ericson, along with ABB and Volvo, use 5G technology, with which they run loaders and excavators through the Kankberg mine in Boliden, Sweden. These equipment are fully automated and also pave the way for further adoption of automated machinery in mines, globally.

Owing to the new projects of thermal power energy, the demand for coal mining in China has increased drastically. However, as many small players are present in China, the inability of these players to purchase new equipment (owing to the lack of required capital) forces them to rent equipment for various projects and return it to the suppliers. This indicates a rise in the demand for rental markets for mining equipment. The trend is expected to extend to the African and Latin American countries, Indonesia, etc. Some rental companies are also joining hands to increase their product portfolio. For instance, Emeco has merged with Orionstone and Andy’s Earthmovers and has increased the fleet size to approximately 730 machines. The dependent markets (related to mining equipment), like OTR tire market, paints & coatings market, are also poised to record a stipulated growth.

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The global Mining Equipment market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Mining Equipment Market Report covers the Top Key-players in 2021:-

  • Caterpillar Inc
  • Komatsu Ltd
  • Liebherr Group
  • Sandvik
  • Hitachi Ltd
  • Atlas Copco
  • Metso Corp
  • Outotec

Highlighted points of Mining Equipment Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Mining Equipment Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Mining Equipment? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Mining Equipment Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Mining Equipment Market? What Was Capacity, Production Value, Cost and PROFIT of Mining Equipment Market?
  • What Is Current Market Status of Mining Equipment Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Mining Equipment Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Mining Equipment Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Mining Equipment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Mining Equipment Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Mining Equipment Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Mining Equipment Industry?

Key Developments in the Mining Equipment Market:

  • February 2018: RDH Mining Equipment, a Sudbury-area manufacturer of underground mining equipment, was sold to Germany companySMT Scharf AG for $8 million
  • April 2017: Komatsu completed the acquisition of Joy Global, a surface and underground mining equipment manufacturer for USD 3.7 billion. From now on, Joy Global will be referred to as Komatsu mining group

    Reasons to Purchase this Report

  • To know whether the decline in coal mining, owing to weak metallurgical and thermal coal prices, along with cheaper natural gas and existing stockpiles of coal may hinder the market’s growth
  • To know about the effects of the acquisition of Joy global, on the mining equipment market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Study on the region expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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    Finally, the report Global Mining Equipment Market 2021 describes the Mining Equipment industry expansion game plan, the Mining Equipment industry knowledge supply, appendix, analysis findings, and the conclusion.

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