Mining Equipment Market is expected to reach $112.9 Billion by 2027- An exclusive market research report by Lucintel

  • PublishedJune 23, 2022
Mining Equipment Market is expected to reach $112.9 Billion by 2027- An exclusive market research report by Lucintel
Trends and Forecast for the Global Mining Equipment Market
Trends, opportunities and forecast in mining equipment market to 2027 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)

Lucintel’s latest market report analyzed that mining equipment provides attractive opportunities in the coal, mineral and metal mining industries. The mining equipment market is expected to reach $112.9 billion by 2027 with a CAGR of 6.0%. In this market, metal is the largest segment by application. The underground automation system for effective mining, automatic power crusher for crushing and compacting operation, and multi-functional excavator for construction and demining function provides strategic growth path in this market.

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Based on application, the mining equipmentmarket is segmented into coal, mineral, and metal. Lucintel forecasts that the metal market accounted for the largest share of the market in 2020 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.

Browse in-depth TOC on “Mining Equipment Market”

102 – Tables

129 – Figures

166 – Pages

The mining equipment market is marked by the presence of several big and small players. Some of the prominent players offering mining equipment include Hitachi, Doosan Corporation, AB Volvo, Deere and Company, and Caterpillar Inc.  

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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 click on this link [email protected].

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