According to the recent study the global mining equipment market is projected to reach an estimated $224 billion by 2030 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by growth in mining activities, increasing demand for metal and mineral commodities in growing economies, like India and China.
A more than 150-page
report to understand trends, opportunities and forecast in mining equipment market
by product type (underground mining machinery, surface mining machinery, drills
and breakers, crushing, pulverizing, screening equipment, mineral processing
machinery, and parts and attachments), application (coal, mineral, and metal),
function type (transportation, processing, and excavation), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Within this market, metal
mining will remain the largest application segment, and it is also expected to
witness the highest growth over the forecast period due to increasing demand of
metals in construction and automotive industries.
Download sample by clicking on mining equipment
market.
Asia Pacific will remain
the largest region due to increasing demand for coal for power generation and
rising metal consumption because of large-scale infrastructure development.
Hitachi, Hyundai Heavy
Industries Holdings Co Ltd, AB Volvo, Caterpillar, Deere and Company are the major suppliers in the mining
equipment market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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