Boonton, NJ -- (SBWIRE) -- 10/22/2018 -- Global Mining Equipment Market Analysis
According to Verified Market Intelligence, The Global Mining Equipment Market was valued at USD 77.2 billion in 2017 and is projected to reach USD 113.6 billion by 2025, growing at a CAGR of 5.7% from 2018 to 2025.
What is Mining Equipment?
Mining can be defined as the extraction of geological materials and minerals from the Earth. When it comes to exploring the sites that possess these minerals and materials, there is a requirement for specialized equipment. These mining equipment aids in the retrieval of these valuable geological materials for example, by excavation. Mining equipment includes Mining Drills & Breakers, Surface Mining Equipment, Underground Mining Machinery, Mineral Processing Machinery, Crushing, Pulverizing & Screening Equipment and more. This equipment can be used for a variety of mining applications and aids in the overall excavation process of the desired materials from the Earth, thereby aiding the growth of the Mining Equipment market.
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Global Mining Equipment Market Outlook
There are several factors that are driving the Mining Equipment market, such as the growing involvement of countries when it comes to mining and minerals as well as the incapability of other equipment to be able to excavate geological material in a way that is efficient as well as safe. Factors such as the price of the equipment as well as the lack of educated personnel when it comes to the proper operation of these equipment are restraining the market for Mining Equipment.
Global Mining Equipment Market Competitive Landscape
The "Global Mining Equipment Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Atlas Copco AB, Boart Longyear Ltd., Caterpillar Inc., China Coal Technology and Engineering Group Corp., China National Coal Mining Equipment, FLSmidth & Co. A/S, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Metso Corporation, Northern Heavy Industries Group Co. Ltd., Outotec Oyj, Sandvik AB, and Zhengzhou Coal Mining Machinery Group Limited. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Global Mining Equipment Market Segmentation, by Application
Global Mining Equipment Market Segmentation, by Product
Crushing, Pulverizing & Screening Equipment
Mining Drills and Breakers
Mineral Processing Machinery
Surface Mining Equipment
Underground Mining Machinery
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Global Mining Equipment Market Geographic Scope
Rest of Europe
Rest of Asia Pacific
Rest of the World