Pune, Maharashtra -- (SBWIRE) -- 01/08/2020 -- Mining Equipment Market 2020

Description: -

The global Mining Equipment Market is anticipated to reach USD 121.4 million by 2026 according to a new research published by Polaris Market Research. 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.

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Major Key Players

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.

The research conducted by expert analysts has been combined here under one banner to provide an accurate report on the recent trends prevailing in the Mining Equipment market. There is a brief analysis offers the reader with genuine insight into the workings of the market as a whole. There is discussion regarding the numerous processes that make amalgamate to create the product/service. The study provides a look into how the competition prevailing in the market has impacted the growth of the product/service in the Mining Equipment market. The forecast period for this report is 2020 to 2026 with 2019 as the base year. Market dynamics have a visible effect on the performance of the product/service. The risks inherent also play a role in how the pricing for a product/service can be decided in the volatile market situation.

Drivers and Risks

The impact of the drivers and risks of the market on the pricing of the product/service in the Mining Equipment industry can be seen by analysing the historical data available. The data is studied to map the progress of the industry in the forecast period. Of all the historical information available, sales volume and pricing have been considered with great focus to understand the influence of existing risks and opportunities on the market performance.

Regional Description

The regional study of the Mining Equipment market focuses on the global arena of the industry. The production for the product/service by various manufacturers is spread over the entire globe. The main areas included in the report consist of manufacturers established in North America, Europe, Latin America, China, Japan, India, Southeast Asia, Middle East, and Africa. The demographic split of each region shows how the market performs, and its impact on market trends.

Method of Research

The model used in this report is Porter's Five Force Model. The model provides a considerably accurate analysis of the numerous aspects of the Mining Equipment industry. Assessment includes both qualitative and quantitative factors influencing the performance of the product/service. SWOT analysis the Strengths, Weaknesses, Opportunities, and Threats of the Mining Equipment industry to provide accurate information in the report. Market drivers, challenges, restraints give additional information to the readers.

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Table of Contents – Major Key Points

1. Overview and Scope

2. Executive Summary

3. Mining Equipment Market Insights

4. Mining Equipment Market Size and Forecast, 2018-2026 by Type

5. Mining Equipment Market Size and Forecast, 2018-2026 by Material

6. Mining Equipment Market Size and Forecast, 2018-2026 by End-User

7. Mining Equipment Market Size and Forecast, 2018-2026 by Region

8. Company Profiles

Continued….

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