Mining Equipment Market Drivers, Growth Opportunities Forecast 2024
The report "Mining Equipment Market by mining type (Surface, Underground), by equipment category (Crushing, Drills & Beakers, Pulverizing & Screening Equipment, Mineral Processing), by industry (Metal, Coal, and Minerals) - Global Forecasts to 2030"
The global mining equipment market is projected to reach USD 144.37 billion in 2023, registering at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period 2024-2030. The growth of the market is majorly driven by the rising deployment of advanced technologies in mining equipment to increase roi from mining operations.
It is anticipated that the global market for mining equipment would expand significantly over the forecast period. Many causes are responsible for the expansion, such as the rising demand for electric mining trucks and the growing focus on purchasing mineral mines to produce batteries. The market is driven by stringent government restrictions aimed at lowering carbon emissions and an increase in public awareness of environmental issues.
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Competitive Dashboard:
The prominent key players operating in the global mining equipment market are Epiroc Ab, AB Volvo (Volvo Construction Equipment), Doosan Corporation, Caterpillar Inc., and Deere & Company
Regional Overview:
The report also examines the current concerns and their Future Effects on the mining equipment market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the mining equipment market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
A Few Points from the Table of Contents –
1. Executive Summary
2. Global Mining Equipment Market Introduction
3. Global Mining Equipment Market Dynamics
4. Global Mining Equipment Market Analysis, 2019 - 2023 and Forecast 2024 – 2030
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9. Global Mining Equipment Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10. North America Mining Equipment Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11. Europe Mining Equipment Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12. Asia Pacific (APAC) Mining Equipment Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13. Middle East and Africa (MEA) Mining Equipment Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14. Latin America Mining Equipment Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
15. Competition Landscape
16. Research Methodology
17. Appendix and Abbreviations
Scope of The Report:
- The mining equipment market research report includes historical data, trending features, and market growth estimates for the future.
- The qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period.
- The mining equipment market report helps to provide the best results for business enhancement and business growth.
- The report gives a comprehensive overview of both primary and secondary data.
- The mining equipment market key players covered here to help them strengthen their place in the market.
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