Mining Equipment Market to Reach USD 151.25 Billion by 2028; Caterpillar Inc. Acquires Possessions of Marble Robot, Inc. to Strengthen Business Prospects: Fortune Business Insights™

Companies profiled in Mining Equipment Market Are: Caterpillar. (Deerfield, Illinois, U.S.), Komatsu Ltd. (Tokyo, Japan), CNH Industrial N.V (Amsterdam, Netherlands), AB Volvo (Gothenburg, Sweden), Terex Corporation (Connecticut, U.S.), Sandvik AB (Stockholm, Sweden), John Deere & Company (Illinois, U.S.), Liebherr-International AG (Bulle, Switzerland), Hitachi Ltd. (Tokyo, Japan), Doosan Corporation. (Seoul, South Korea) , Metso Corporation (Helsinki, Finland), Atlas Copco AB (Nacka Municipality, Sweden), Zoomlion Heavy Industry Science & Technology Development Co. Ltd (Changsha, China), Xuzhou Construction Machinery Group Co., Ltd. (Xuzhou, China), Wirtgen Group Holding GmbH ( Rheinland-Pfalz, Germany)


Pune, India, Jan. 24, 2022 (GLOBE NEWSWIRE) -- The global mining equipment market size was USD 112.23 billion in 2020. The market is projected to grow from USD 114.61 billion in 2021 to USD 151.25 billion in 2028 at a CAGR of 4.0% in the 2021-2028 period.

This information is provided by Fortune Business Insights™, in its report, titled, “Mining Equipment Market, 2021-2028.”

According to our expert researchers, the rising application of this equipment is to satisfy the augmenting demand from energy, power to infrastructure enhancement. For example, rise in the usage of these equipment in building and structuring of railway tracks & roads are driving the demand for infrastructure development happenings. Additionally, surge in coal for heating and electricity production is sufficing energy & power demands.

Request To Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/mining-equipment-market-104970

COVID-19 Pandemic: Supply Chain Break and Raw Material Unobtainability to Obstruct Market Growth

The COVID-19 pandemic has had a great influence on numerous industries and the mining equipment industry also had a principal collapse. The demand for these machines observed a substantial drop owing to the supply chain commotions.

Moreover, even mining equipment producers observed the absence of raw materials owing to the import-export and travel limitations resulting in terminations or delays in mining assignments.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/mining-equipment-market-104970

Report Coverage

We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes on delivering precise material. Our scholars have applied a data triangulation method which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.

Segmentation

By type, the market is segmented into excavators, loaders, dozers, motor graders, dump trucks, and others. 

On the basis of application, the global market is segregated into coal mining, gas & oil extraction, metal ore mining & non-metal mining. Coal mining industry is estimated to have a considerable market size owing to its demand from emerging countries.

Geographically, the global market is finally classified into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

REPORT SCOPE & SEGMENTATION:

Report Coverage Details
Forecast Period 2021-2028
Forecast Period 2021 to 2028 CAGR 4.0%
2028 Value Projection 151.25 billion
Base Year 2020
Market Size in 2021 114.61 billion
Historical Data for 2017-1019
No. of Pages 120
Segments covered Type, Application, Region
Growth Drivers
COVID-19 Pandemic: Supply Chain Interruption and Raw Material Inaccessibility Hinder Market Growth

Rising Usage of Electric Machinery in Underground Mining to Propel Market Growth
Advanced Mining Technology to Boost Market Growth.
Pitfalls & Challenges
Trading of Obsolete Mining Equipment to Impact Market Growth


Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/mining-equipment-market-104970

Drivers and Restraints

Progressive Mining Technology to Spur Market Growth.

The modern improvements in mining technology and a thrust toward sustainability are projected to produce substantial growth potentials during the mentioned period. These progressions assist to support contemporary, secure, and productive mining procedures.

For example, it is projected that spatial data imaging, permits three-dimensional (3D) modeling and creates noticeable and depth insight. It enables mining remodeling that would create enormous development latent. This is estimated to thrust the mining equipment market growth during the mentioned timeframe.

Regional Insights

Asia Pacific held the maximum mining equipment market shares during the forecast period. Additionally, governments of these regions are surging their backing for mining in order to augment electricity production while also procuring minerals and ores intended for export.

North America is likely to display reasonable growth owing to the primary implementation of these machines. Moreover, the mining sector is predicted to grow considerably and preserve the constancy of equipment requirements for mining.

Europe is unshakable and industrialized in sense of mining, thus it is anticipated to demonstrate uninterrupted development.

The Middle East & Africa and South America are projected to display constant growth during the forecast period. This is accredited to the movements initiated by the government to decline the quantity of carbon footprint.

Competitive Landscape

Key Players Accentuate on Innovation of Products Fortified with Modern Technologies

Prominent manufacturers such as Caterpillar Inc., Liebherr-International AG, CNH Industrial N.V., AB Volvo, John Deere, as well as Sandvik AB have a powerful market share ranging from 58% - 64%. In order to be cost-efficient and get the most out productivity, these corporations are fixated on inaugurating plants and units in growing and emerging economies. Moreover, key players are focusing on offering products that are fortified with radical and ground-breaking technology.

Industry Development

June 2020: Caterpillar Inc. procured listed possessions and employed workers from Marble Robot, Inc., which is a California-headquartered independent and robot technology solutions company.

List of Key Players Covered in this Market Report

•             Caterpillar. (Deerfield, Illinois, U.S.)

•             Komatsu Ltd. (Tokyo, Japan)

•             CNH Industrial N.V (Amsterdam, Netherlands)

•             AB Volvo (Gothenburg, Sweden)

•             Terex Corporation (Connecticut, U.S.)

•             Sandvik AB (Stockholm, Sweden)

•             John Deere & Company (Illinois, U.S.)

•             Liebherr-International AG (Bulle, Switzerland)

•             Hitachi Ltd. (Tokyo, Japan)

•             Doosan Corporation. (Seoul, South Korea) 

•             Metso Corporation (Helsinki, Finland)

•             Atlas Copco AB (Nacka Municipality, Sweden)

•             Zoomlion Heavy Industry Science & Technology Development Co. Ltd (Changsha, China)

•             Xuzhou Construction Machinery Group Co., Ltd. (Xuzhou, China)

•             Wirtgen Group Holding GmbH ( Rheinland-Pfalz, Germany)


Quick Buy – Mining Equipment Market Report: https://www.fortunebusinessinsights.com/checkout-page/104970


Detailed Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19 on Mining Equipment Market
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • Global Mining Equipment Market Share Analysis, 2020
  • Key Market Insights and Strategic Recommendations
  • Profiles of Key Players (Would be provided for 10 players only)
  • 6.1. Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Geographical Share
        • Business Segment Share
    • Recent Developments


TOC Continued….


Have a Look at Related Research Insights:

Material Handling Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment), By Operations (Assembly, Distribution, Transportation, Others), By Industry (Consumer Goods & Electronics, Automotive, Food & Beverages, Pharmaceutical, Construction, Mining, Semiconductors, Others), and Regional Forecast, 2021-2028

Cranes Market Size, Share and COVID-19 Impact Analysis, By Product Type (Mobile, Fixed, and Marine), By End-User (Construction, Mining, Industrial, Oil & Gas, and Others), and Regional Forecast, 2021-2028

Palletizer Market Size, Share & COVID-19 Impact Analysis, By Technology (Robotic, Low Level or Floor Level and High-Level), By Product Type (Bag, Case, Bag, Pail, and Others), By Application (Food and Beverage, Cosmetic & Personal Care, Healthcare & Pharmaceuticals, Others) and Regional Forecasts, 2021-2028

Elevator and Escalator Market Size, Share & COVID-19 Impact Analysis, By Product (Elevators, Escalators and Moving Walkway), By Business (New Equipment, Maintenance, and Modernization), By Application (Residential, Commercial and Industrial), and Regional Forecast, 2021-2028


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

You can also contact us/follow us on:

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd?s=20

LinkedIn: https://www.linkedin.com/company/fortune-business-insights/