The global MiningEquipment Market is estimated to reach USD 284.93 billion by 2025 due to the rise in demand for control technologies for mineral extraction maneuvers. The industry players are drawing upon adopting core motion and control technologies to operate accurate, dependable and efficient. They are keen on profiling unmatchable breadth of technological components to surge their profitability in terms of delivering value-added services catering to their customer needs. Modern-day technology has improved assembly time to make machine navigation guide easier to understand.
By
product type, the market can be segmented into underground mining machinery,
drills and breakers, mineral processing machinery, surface mining machinery,
crushing, pulverizing, and screening equipment, and parts and attachments.
Based on application industries, the market has been categorized into metal,
coal, and mineral. The mining equipment market has been split by function type,
which includes transportation, excavation, and processing.
In
order to study the span of the industry, the mining equipment market has been
geographically segmented into the five key regions of North America, Europe,
the Asia Pacific, the Middle East, and Africa, and Latin America. The market
adoption has been bolstered across Asia Pacific and Latin America due to the
increasing demand for metals in heavy-duty industries. The industry players are
bringing in fuel-efficient devices so as to cater to lower diesel consumption
levels.
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The
key players have identified current market dynamics in terms of its size,
supply-demand value chain mechanism, prevailing trends, governing factors,
drivers, challenges and opportunities, their competitive landscape and product
innovation. Players are entering into business partnerships with fellow
contestants and are significantly investing in innovation strategies, which is
estimated to drive the cellular vendors to reach new growth markets. The market
participants have identified the major distribution channels, supply chain
mechanism, industry cost structure and production capabilities. Considering the
changing competitive dynamics and the current scenario of the industry, it has
set the mining equipment market to grow at an exponential rate during the
forecast years.
The
competitive landscape showcases the profiles and business strategies of the
major players, along with their recent developments. The mining equipment
industry is highly fragmented with the presence of major players such as
Caterpillar, Inc., Komatsu Ltd., Metso Corporation, Atlas Copco AB, CNH
Industrial NV, Sandvik AB, Hitachi Co., Doosan Group, Ltd., AB Volvo, Liebherr
Group, Bell Equipment Limited, Astec Industries Incorporated, China Coal Energy
Company Limited, Corum Group, Bradken Limited, Hyundai Heavy Industries Company
Limited, RCR Tomlinson Limited, Kopex SA, Terex Corporation, Techint Group, and
Wirtgen Group Holding GmbH, among others.
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Numerous
research and development activities have made ground-breaking innovation and
design that have helped in minimizing the costs of emerging systems maintenance
solutions, Disposal, and energy consumption.
KGHM
ZANAM S.A. is a polish manufacturer of mining machinery and equipment such as
steel structures, crushers, castings, shaft equipment, conveyor belts, etc.
They also deliver their services to underground zinc, lead and salt mines.
Also, depending on customer needs and operating conditions, KGHM ZANAM S.A.
offers a weighing system for a remotely operated fire-extinguisher and
transported material. Haul trucks are yet another push-out unloading system
that maneuvers transported outputs and are increasing the efficiency of narrow
mine headings.
Market
Segment:
Mining
Equipment Outlook (Revenue, USD Billion, 2014 - 2025)
• Underground Mining Equipment
• Low Profile Dump Trucks (LPDT)
• Load Haul and Dump (LHD) Loaders
• Surface Mining Equipment
• Electric Shovels
• Excavators
• Dumpers
• Others
• Crushing, Pulverizing, & Screening Equipment
• Drills & Breakers
• Others
Mining
Equipment Application Outlook (Revenue, USD Billion, 2014 - 2025)
• Metal Mining
• Non-Metal Mining
• Coal Mining
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