Global Mining Equipment Market Outlook, 2027

Global Mining Equipment Market Outlook, 2027

The way the mining industry operates has developed significantly in recent years, and further improvements are afoot as technology advances and are adopted globally. There are various major trends that are fundamentally transforming the industry into Smart Mining. Such as, the shift from diesel to electrification, there is digitalization, which is resulting in increased productivity and more sustainable use of resources while lowering input cost. Another one is automation, which will also increase productivity and change the way we work. How things develop in the next upcoming years has uncertainties. However, the future is shaped by the technological advancements and innovations of the present. Mining functioning depend significantly on machinery and technology to do everything from creating the mine itself to reliably and safely extracting the raw material within. Whether it's gold mining equipment, tools for rock excavation or various other types of heavy machinery, they fill key roles when mining. According to the report, based on category market is segmented into crushing, pulverizing and screening machinery, mineral processing machinery, surface mining machinery and underground mining machinery. The underground mining machinery segment is leading the market with more than 35% of value market share, followed by the surface mining machinery.

According to the report title “Global Mining Equipment Market Outlook, 2027”, published by Bonafide Research, the mining equipment market is expected to reach more than USD 40 Billion by the year 2027. It is expected to expand at a compound annual growth rate (CAGR) of more than 4.9% from 2022 to 2027.

Mining is one of the most indispensable integrants of modern society due to the use of mined minerals in almost every consumer product. Minerals, ore, metals, or other goods located deep underground require various techniques for their extraction. Mining may involve hard or soft rock, each of which requires specific tools to extract the materials. For instance, the mechanism used to dig soft materials might not provide enough power for cutting through hard rock. According to the report, based on application, market is segmented into mineral mining, metal mining and coal mining. The mineral mining segment is leading the market with more than 40% of value market share, followed by the metal mining segment which is the fastest growing segment among the other two. Based on propulsion type, market is segmented into diesel and CNG or LNG segments. The diesel segment is leading the market with more than 80% of value market share. Based on power output, market is segmented into below 500 HP, 500 to 2000 HP and above 2000 HP. The below 500 HP segment is leading the market with more than 40% of value market share.

Region-wise, Asia Pacific contributed the highest market share approx. 47% shares of the global market. Constant investments and increasing infrastructure projects is the key factors for driving the mining equipment market in the Asia-Pacific region. India offers a number of opportunities for the mining firms as there is consequential scope for exploration of iron ore, coal and bauxite. Furthermore, booming real estate sector in the country is anticipated to augment the demand for metal mining equipment, thereby contributing to regional growth. China is dominating the market with more than 25% of value market share and is expected to capture higher market share in the forecast periods.

Impact of Covid-19 on Mining Equipment Market:
The COVID-19 pandemic has affected the commodity markets in a variety of ways. Firm operations have been pretentious through isolated outbreaks and government dictated shutdowns and the demand for many commodities remain low with a lower near term stipulation on the horizon. The growth of mining equipment market also affected in pandemic situation. The stipulation for metallurgical coal and thermal coal has diminished, while the demand for gold and iron ore has increased. However, the market of miming equipments is expected to witness significant growth during the forecast period, as the increasing use of electric machinery in underground mining and increasing stipulation for metals and commodities occupy a major share in the market of mining equipment.

Major Companies present in the market:
Sandvik AB, Caterpillar Inc., Komastu Limited, Volvo Group, Liebherr Group, Hitachi Construction Machinery Co., Limited, EpirocAb, Sany Heavy Equipment International Holdings Company Limited, Doosan Infracore Co. Limited, Guangxi Liugong Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Xuzhou Construction Machinery Group (XCMG), Bharat Earth Movers Limited, J C Bamford Excavators Limited, Wirtgen Group, Mine Master Ltd, FIORI GROUP S.p.A., JSC, WackerNeuson Group, Equipment North Inc., RTM Equipment, Astec Industries, Inc., BELL Equipment, AARD Mining Equipment

Considered in this report
Geography: Global
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report
Global Mining Equipment market with its value and forecast along with its segments
Region & country wise market analysis
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

Regions & Countries covered in the report
North America – United States, Canada, Mexico
Europe- Germany, United Kingdom, France, Italy, Spain, Russia
Asia-Pacific – China, Japan, South Korea, India, Australia
Latin America- Brazil, Argentina, Columbia
Middle-East & Africa- UAE, Saudi Arabia, South Africa

By Category of Mining Equipment in the report:
Crushing, pulverizing, screening machinery
Mineral processing machinery
Surface mining machinery
Underground mining machinery

By Application in the report:
Mineral Mining
Metal Mining
Coal Mining

By Propulsion in the report:

By Power Output in the report:
Below 500 HP
500 to 2,000 HP
Above 2,000 HP

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufactures, consultants, Key vendors related to mining equipment industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Mining Equipment Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Application
5.2.5. By Category
5.2.6. By Power Output
5.2.7. By Propulsion
6. North America Mining Equipment Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Application
6.2.3. By Category
6.2.4. By Power Output
6.3. US Mining Equipment Market Outlook
6.3.1. Market Size ByValue
6.3.2. Market Share By Category By Application
6.4. Canada Mining Equipment Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share By Category By Application
6.5. Mexico Mining Equipment Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share By Category By Application
7. Europe Mining Equipment Market Outlook
7.1. Market Size by Value
7.2. Market Share
7.2.1. By Country
7.2.2. By Application
7.2.3. By Category
7.2.4. By Power Output
7.3. Germany Mining Equipment Market Outlook
7.3.1. Market Size by Value
7.3.2. Market Share By Category By Application
7.4. UK Mining Equipment Market Outlook
7.4.1. Market Size by Value
7.4.2. Market Share By Category By Application
7.5. France Mining Equipment Market Outlook
7.5.1. Market Size by Value
7.5.2. Market Share By Category By Application
7.6. Italy Mining Equipment Market Outlook
7.6.1. Market Size by Value
7.6.2. Market Share By Category By Application
7.7. Spain Mining Equipment Market Outlook
7.7.1. Market Size by Value
7.7.2. Market Share By Category By Application
7.8. Russia Mining Equipment Market Outlook
7.8.1. Market Size by Value
7.8.2. Market Share By Category By Application
8. Asia-Pacific Mining Equipment Market Outlook
8.1. Market Size ByValue
8.2. Market Share
8.2.1. By Country
8.2.2. By Application
8.2.3. By Category
8.2.4. By Power Output
8.3. China Mining Equipment Market Outlook
8.3.1. Market Size by Value
8.3.2. Market Share By Category By Application
8.4. Japan Mining Equipment Market Outlook
8.4.1. Market Size by Value
8.4.2. Market Share By Category By Application
8.5. India Mining Equipment Market Outlook
8.5.1. Market Size by Value
8.5.2. Market Share By Category By Application
8.6. Australia Mining Equipment Market Outlook
8.6.1. Market Size by Value
8.6.2. Market Share By Category By Application
8.7. South Korea Mining Equipment Market Outlook
8.7.1. Market Size by Value
8.7.2. Market Share By Category By Application
9. South America Mining Equipment Market Outlook
9.1. Market Size by Value
9.2. Market Share
9.2.1. By Country
9.2.2. By Application
9.2.3. By Category
9.2.4. By Power Output
9.3. Brazil Mining Equipment Market Outlook
9.3.1. Market Size by Value
9.3.2. Market Share By Category By Application
9.4. Argentina Mining Equipment Market Outlook
9.4.1. Market Size by Value
9.4.2. Market Share By Category By Application
9.5. Columbia Mining Equipment Market Outlook
9.5.1. Market Size by Value
9.5.2. Market Share By Category By Application
10. Middle East & Africa Mining Equipment Market Outlook
10.1. Market Size byValue
10.2. Market Share
10.2.1. By Country
10.2.2. By Application
10.2.3. By Category
10.2.4. By Power Output
10.3. UAE Mining Equipment Market Outlook
10.3.1. Market Size by Value
10.3.2. Market Share By Category By Application
10.4. Saudi Arabia Mining Equipment Market Outlook
10.4.1. Market Size by Value
10.4.2. Market Share By Category By Application
10.5. South Africa Mining Equipment Market Outlook
10.5.1. Market Size by Value
10.5.2. Market Share By Category By Application
11. Market Dynamics
11.1. Market Drivers
11.2. Market Drivers
12. Market Trends and Developments
12.1. XXXXXX
12.2. XXXXXX
12.3. XXXXXX
12.4. XXXXXX
12.5. XXXXXX
13. Company Profiles
13.1. Sandvik AB
13.2. Caterpillar Inc.
13.3. Komastu Limited
13.4. Volvo Group
13.5. Liebherr Group
13.6. Hitachi Construction Machinery Co., Limited
13.7. Epiroc AB
13.8. Sany Heavy Equipment International Holdings Company Limited
13.9. Doosan Infracore Co. Limited
13.10. Guangxi Liugong Machinery Co., Ltd.
13.11. Kobelco Construction Machinery Co., Ltd.
13.12. Sumitomo Heavy Industries
13.13. Xuzhou Construction Machinery Group (XCMG)
13.14. Bharat Earth Movers Limited
13.15. J C Bamford Excavators Limited
13.16. Wirtgen Group
13.17. Mine Master Ltd
13.18. FIORI GROUP S.p.A.
13.19. JSC
13.20. WackerNeuson Group
13.21. Equipment North Inc.
13.22. RTM Equipment
13.23. Astec Industries, Inc.
13.24. BELL Equipment
13.25. AARD Mining Equipment
14. Strategic Recommendations
15. Disclaimer

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