New York, 12, June 2019: Polaris Market Research presents a most
up-to-date research on "Mining
Equipment Market Share, Size, Trends & Industry Analysis
Report By Type (Surface Mining Equipment, Underground Mining Equipment); By
Product (Mining Drills and Breakers, Mineral Processing Machinery, Crushing,
Pulverizing and Screening Equipment); By Application (Metal Mining, Mineral
Mining, Coal Mining); By Regions: Segment Forecast, 2018 - 2026" The
Global Mining Equipment Market To Cross USD 121.4 Million By 2026 according to
a new market research report by polaris market research.
FREE DOWNLOAD: Sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/mining-equipment-market/request-for-sample
In 2017, the surface mining
equipment segment dominated the global market, in terms of revenue. In 2017,
Asia-Pacific accounted for the majority share in the global mining equipment
market.
The rapid growth in the demand
for metals and minerals majorly drives the growth of this market. Growing usage
of resources such as coal and petroleum supports the market growth. The
decreasing ore grades further accelerates the adoption of mining equipment.
However, high initial investment costs associated with mining equipment, and
strict government regulations limit the growth of the market. New emerging
markets, and technological advancements would provide growth opportunities for
mining equipment market in the coming years.
Asia-Pacific accounted for the
highest share in the global mining equipment market during the forecast period.
A significant growth in the emerging economies of China, Japan, India, and
Australia among others drives the growth in this region. Increasing demand for
petroleum and coal resources in the region, along with rising industrialization
in developing countries of this region augment the market growth in the region.
Leading global players are expanding their presence in developing nations of
India, Indonesia, and Malaysia to tap the growth opportunities offered by these
countries.
Browse Complete summary of this report with TOC on “Mining Equipment
Market by Application and End User – Global Industry Analysis and Forecast to
2026” at: https://www.polarismarketresearch.com/industry-analysis/mining-equipment-market
The various applications of
mining equipment include metal mining, mineral mining, coal mining, and others.
The metal mining equipment segment is expected to lead the mining equipment
market during the forecast period owing to increasing demand from emerging
economies. The increasing demand for metals such as silver, gold, platinum, and
copper for various applications has increased the demand of mining equipment in
this application. Use of precious metals such as gold and platinum in jewelry
and ornaments has supported the growth of the market.
The well-known companies profiled
in the global mining equipment market report include Komatsu Ltd., Caterpillar
Inc., Hitachi Ltd., AB Volvo, Liebherr Group, Caterpillar Inc., Atlas Copco AB,
China Coal Technology and Engineering Group Corp., Joy Global Inc., Metso Corporation,
Sandvik AB, and Northern Heavy Industries Group Co. Ltd among others. These
companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements
of consumers.
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Key Segments:
Mining Equipment Market Size and Forecast, 2017-2026 by Type
·
Key Findings
·
Surface Mining Equipment
·
Underground Mining Equipment
Mining Equipment Market Size and Forecast, 2017-2026 by Product
·
Key Findings
·
Mining Drills and Breakers
·
Mineral Processing Machinery
·
Crushing, Pulverizing and Screening Equipment
·
Others
Mining Equipment Market Size and Forecast, 2017-2026 by Application
·
Key Findings
·
Metal Mining
·
Mineral Mining
·
Coal Mining
·
Others
Mining Equipment Market Size and Forecast, 2017-2026 by Region
·
North America [U.S., Canada]
·
Europe [Germany, UK, France, Italy, Spain,
Belgium, Netherlands, Rest of Europe]
·
Asia-Pacific [China, India, Japan, South Korea,
Singapore, Malaysia, Rest of Asia-Pacific]
·
Latin America [ Brazil, Mexico, Argentina, Rest
of Latin America]
·
Middle East and Africa [Israel, South Africa,
Saudi Arabia, UAE, Rest of MEA]
For Further Insights and Segment-Specific Information, Contact a Market
Analyst at @ https://www.polarismarketresearch.com/industry-analysis/mining-equipment-market/speak-to-analyst
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