global mining equipment market size, share & forecast 2026
DESCRIPTION
global mining equipment market is anticipated to reach 46.79 thousand units by 2026 because of continuous demand of metal, mineral and coal from all around the world. Coal is responsible for over 36% of global electrical generation. Coal is also utilized in the manufacturing of metals, cement, gasification and liquefaction, chemical manufacture, and other sectors. Due to several applications and production requirements, the coal mines use large number of mining machines in comparison to other categories. Click : https://bit.ly/3p2xbEuTRANSCRIPT
MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com
GLOBAL MINING EQUIPMENT MARKETFORECAST & OPPORTUNITIES
2016 – 2026
2
Scope of ReportProduct of Interest (POI): Mining Equipment
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
REGION
• Asia-Pacific
• Europe
• North America
• South America
• Middle East & Africa
Equipment and machineries that are used for various mining activities are termed asmining equipment. Different type of mining equipment include electric shovels,crawler excavators, crawler dozers, articulate dump truck and mining trucks, amongothers.
Market Segmentation
PROPULSION
• Diesel
• CNG/LNG
• Electric
VEHICLE TYPE
• Articulate Dump Trucks
• Crawler Dozers
• Crawler Excavators
• Motor Graders
• Rigid Dump Trucks
• Drills
• Electric Shovels
• Hydraulic Excavators
• Mining Dozers
• Mining Trucks
• Wheeled Loaders
• Others
POWER OUTPUT
• <500HP
• 500HP-2000HP
• >2000HP
CATEGORY
• Crushing
• Pulverizing
• Screening
• Mineral Processing
• Surface & Underground
APPLICATION
• Metal
• Mineral
• Coal
• Others
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Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Brand Awareness
4.3. Challenges Faced Post Purchasing
5. Global Mining Equipment Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Category (Crushing, Pulverizing, Screening, Mineral Processing, Surface & Underground)
5.2.2. By Application (Metal, Mineral, Coal, Others)
5.2.3. By Propulsion (Diesel, CNG/LNG, Electric)
5.2.4. By Power Output (<500HP, 500HP-2000HP, >2000HP)
5.2.5.By Vehicle Type (Articulate Dump Trucks, Crawler Dozers, Crawler Excavators, Motor Graders, Rigid Dump Trucks, Drills, Electric Shovels, Hydraulic Excavators, Mining Dozers, Mining Trucks, Wheeled Loaders, Others)
5.2.6. By Company (2020)
5.2.7. By Region
5.3. Product Market Map
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6. Asia-Pacific Mining Equipment Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Category
6.2.2. By Application
6.2.3. By Propulsion
6.2.4. By Power Output
6.2.5. By Vehicle Type
6.2.6. By Country
6.3. Asia-Pacific: Country Analysis
6.3.1. China Mining Equipment Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value & Volume
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Category
6.3.1.2.2. By Application
6.3.1.2.3. By Propulsion
6.3.1.2.4. By Power Output
6.3.1.2.5. By Vehicle Type
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6.3.2. India Mining Equipment Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value & Volume
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Category
6.3.2.2.2. By Application
6.3.2.2.3. By Propulsion
6.3.2.2.4. By Power Output
6.3.2.2.5. By Vehicle Type
6.3.3. Indonesia Mining Equipment Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value & Volume
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Category
6.3.3.2.2. By Application
6.3.3.2.3. By Propulsion
6.3.3.2.4. By Power Output
6.3.3.2.5. By Vehicle Type
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6.3.4. Malaysia Mining Equipment Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value & Volume
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Category
6.3.4.2.2. By Application
6.3.4.2.3. By Propulsion
6.3.4.2.4. By Power Output
6.3.4.2.5. By Vehicle Type
6.3.5. South Korea Mining Equipment Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value & Volume
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Category
6.3..2.2. By Application
6.3.5.2.3. By Propulsion
6.3.5.2.4. By Power Output
6.3.5.2.5. By Vehicle Type
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6.3.6. Australia Mining Equipment Market Outlook
6.3.6.1. Market Size & Forecast
6.3.6.1.1. By Value & Volume
6.3.6.2. Market Share & Forecast
6.3.6.2.1. By Category
6.3.6.2.2. By Application
6.3.6.2.3. By Propulsion
6.3.6.2.4. By Power Output
6.3.6.2.5. By Vehicle Type
7. Europe Mining Equipment Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Category
7.2.2. By Application
7.2.3. By Propulsion
7.2.4. By Power Output
7.2.5. By Vehicle Type
7.2.6. By Country
7.3. Europe: Country Analysis
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7.3.1. France Mining Equipment Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Category
7.3.1.2.2. By Application
7.3.1.2.3. By Propulsion
7.3.1.2.4. By Power Output
7.3.1.2.5. By Vehicle Type
7.3.2. Germany Mining Equipment Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Category
7.3.2.2.2. By Application
7.3.2.2.3. By Propulsion
7.3.2.2.4. By Power Output
7.3.2.2.5. By Vehicle Type
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7.3.3. United Kingdom Mining Equipment Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Category
7.3.3.2.2. By Application
7.3.3.2.3. By Propulsion
7.3.3.2.4. By Power Output
7.3.3.2.5. By Vehicle Type
7.3.4. Sweden Mining Equipment Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value & Volume
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Category
7.3.4.2.2. By Application
7.3.4.2.3. By Propulsion
7.3.4.2.4. By Power Output
7.3.4.2.5. By Vehicle Type
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7.3.5. Norway Mining Equipment Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value & Volume
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Category
7.3..2.2. By Application
7.3.5.2.3. By Propulsion
7.3.5.2.4. By Power Output
7.3.5.2.5. By Vehicle Type
7.3.6. Russia Mining Equipment Market Outlook
7.3.6.1. Market Size & Forecast
7.3.6.1.1. By Value & Volume
7.3.6.2. Market Share & Forecast
7.3.6.2.1. By Category
7.3.6.2.2. By Application
7.3.6.2.3. By Propulsion
7.3.6.2.4. By Power Output
7.3.6.2.5. By Vehicle Type
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7.3.7. Uzbekistan Mining Equipment Market Outlook
7.3.7.1. Market Size & Forecast
7.3.7.1.1. By Value & Volume
7.3.7.2. Market Share & Forecast
7.3.7.2.1. By Category
7.3.7.2.2. By Application
7.3.7.2.3. By Propulsion
7.3.7.2.4. By Power Output
7.3.7.2.5. By Vehicle Type
8. North America Mining Equipment Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Category
8.2.2. By Application
8.2.3. By Propulsion
8.2.4. By Power Output
8.2.5. By Vehicle Type
8.2.6. By Country
8.3. North America: Country Analysis
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8.3.1. United States Mining Equipment Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value & Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Category
8.3.1.2.2. By Application
8.3.1.2.3. By Propulsion
8.3.1.2.4. By Power Output
8.3.1.2.5. By Vehicle Type
8.3.2. Mexico Mining Equipment Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value & Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Category
8.3.2.2.2. By Application
8.3.2.2.3. By Propulsion
8.3.2.2.4. By Power Output
8.3.2.2.5. By Vehicle Type
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8.3.3. Canada Mining Equipment Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value & Volume
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Category
8.3.3.2.2. By Application
8.3.3.2.3. By Propulsion
8.3.3.2.4. By Power Output
8.3.3.2.5. By Vehicle Type
9. South America Mining Equipment Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Category
9.2.2. By Application
9.2.3. By Propulsion
9.2.4. By Power Output
9.2.5. By Vehicle Type
9.2.6. By Country
9.3. South America: Country Analysis
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9.3.1. Brazil Mining Equipment Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value & Volume
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Category
9.3.1.2.2. By Application
9.3.1.2.3. By Propulsion
9.3.1.2.4. By Power Output
9.3.1.2.5. By Vehicle Type
9.3.2. Argentina Mining Equipment Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value & Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Category
9.3.2.2.2. By Application
9.3.2.2.3. By Propulsion
9.3.2.2.4. By Power Output
9.3.2.2.5. By Vehicle Type
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9.3.3. Colombia Mining Equipment Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value & Volume
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Category
9.3.3.2.2. By Application
9.3.3.2.3. By Propulsion
9.3.3.2.4. By Power Output
9.3.3.2.5. By Vehicle Type
9.3.4. Peru Mining Equipment Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value & Volume
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Category
9.3.4.2.2. By Application
9.3.4.2.3. By Propulsion
9.3.4.2.4. By Power Output
9.3.4.2.5. By Vehicle Type
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9.3.5. Chile Mining Equipment Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value & Volume
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Category
9.3.5.2.2. By Application
9.3.5.2.3. By Propulsion
9.3.5.2.4. By Power Output
9.3.5.2.5. By Vehicle Type
10. Middle East & Africa Mining Equipment Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Category
10.2.2. By Application
10.2.3. By Propulsion
10.2.4. By Power Output
10.2.5. By Vehicle Type
10.2.6. By Country
10.3. Middle East & Africa: Country Analysis
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10.3.1. UAE Mining Equipment Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value & Volume
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Category
10.3.1.2.2. By Application
10.3.1.2.3. By Propulsion
10.3.1.2.4. By Power Output
10.3.1.2.5. By Vehicle Type
10.3.2. Saudi Arabia Mining Equipment Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value & Volume
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Category
10.3.2.2.2. By Application
10.3.2.2.3. By Propulsion
10.3.2.2.4. By Power Output
10.3.2.2.5. By Vehicle Type
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10.3.3. South Africa Mining Equipment Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value & Volume
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Category
10.3.3.2.2. By Application
10.3.3.2.3. By Propulsion
10.3.3.2.4. By Power Output
10.3.3.2.5. By Vehicle Type
10.3.4. Qatar Mining Equipment Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value & Volume
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Category
10.3.4.2.2. By Application
10.3.4.2.3. By Propulsion
10.3.4.2.4. By Power Output
10.3.4.2.5. By Vehicle Type
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10.3.5. Egypt Mining Equipment Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value & Volume
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Category
10.3.5.2.2. By Application
10.3.5.2.3. By Propulsion
10.3.5.2.4. By Power Output
10.3.5.2.5. By Vehicle Type
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Impact of COVID-19 on Global Mining Equipment Market
14. Competitive Landscape
14.1. Competition Outlook
14.2. Players Profiled (Leading Companies)
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14.2.1. Company Details
14.2.2. Products & Services
14.2.3. Financials (As Reported)
14.2.4. Key Market Focus & Geographical Presence
14.2.5. Recent Developments
14.2.6. Key Management Personnel
15. Strategic Recommendations
16. About Us & Disclaimer
RESEARCH METHODOLOGY
22
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the global mining
equipment market, overall market size and segmental
market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the global mining
equipment market.
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights
BusinessSolution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
23
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global mining equipment market. The team has
analyzed the outlook of various segments of this market, while considering the major influencing factors such as on account of surging demand
for coal and metals, globally. The study includes market forecasting, which would enable our clients to take better decisions while planning
their strategy to achieve sustainability in the global mining equipment market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2020 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as mining equipment
companies, channel partners, market influencers & end-users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 mining equipment companies, 100 – 120 end-users, and 15 – 20 industry experts and other value
chain stakeholders in the global mining equipment market to obtain the overall market size from 2016 to 2020, which was validated by the
Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during
2016-2020.
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Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by vehicle type, by size, by application, by
company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares
generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various
segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market share by vehicle type, by size, by application, by company and by region were calculated based on the responses received through
primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various
segments of mining equipment markets. The final shares were calculated by taking the geometric mean of the responses gathered from key
opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global
mining equipment market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
25
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research
also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It
should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the
United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
• Caterpillar
• Komatsu Ltd.
• Liebherr International AG
• Hitachi Ltd.
• Deere & Company
• XCMG Group
• Doosan corporation
• Sany Heavy Industry Co., Ltd.
• AB Volvo
• JC Bamford Excavators Ltd.
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
26
Industry brief
Continuous demand for mechanisation in coal and metals mining to drive the growth of the global mining equipment market through 2026.
According to TechSci Research report, “Global Mining Equipment Market By Category (Crushing, Pulverising, Screening, Mineral Processing, Surface &
Underground), By Application (Metal, Mineral, Coal, Others), By Propulsion (Diesel, CNG/LNG, Electric), By Power Output (<500HP, 500HP-2000HP,
>2000HP), By Vehicle Type (Articulate Dump Trucks, Crawler Dozers, Crawler Excavators, Motor Graders, Rigid Dump Trucks, Drills, Electric Shovels,
Hydraulic Excavators, Mining Dozers, Mining Trucks, Wheeled Loaders, Others), By Region, Competition, Forecast & Opportunities, 2026”, global mining
equipment market is anticipated to reach 46.79 thousand units by 2026 because of continuous demand of metal, mineral and coal from all around the world.
Coal is responsible for over 36% of global electrical generation. Coal is also utilized in the manufacturing of metals, cement, gasification and liquefaction,
chemical manufacture, and other sectors. Due to several applications and production requirements, the coal mines use large number of mining machines in
comparison to other categories. Global mining equipment was impacted heavily by COVID-19 as the market fell by more than 11% in 2020 compared to 2019.
Also, the market in 2019 decreased by 2.35% because of decrease in private equity which negatively impacted the mining equipment’s sales. With over 37%
share, Asia-Pacific dominates the global mining equipment market. In Asia-Pacific, China itself has a share of more than 37% and approximately 14% globally.
China is also the leading producer of coal in the world having a share of 46.7% of global production. Due to these factors, the consumption of mining equipment
in China is more and expected to dominate in forecast period. Asia-Pacific is followed by North America with more than 20% share in the global mining
equipment market. The United States has the majority of share of more than 70% in North America. The United States is the leading producer of Sulphur, soda
ash and beryllium. Also, the United States is the third largest producer of gold and copper in the world. In Europe & CIS, Germany has the largest share of
23.09% mining equipment sales, basically due to heavy production of lignite and potash. In Middle East & Africa, Saudi Arabia has the largest share of 29.30%
because of presence of gold, copper, and potassium in the country. Based on region, North America was followed by Europe & CIS, Middle East & Africa and
South America with 19.75%,14.11% and 8.75%, respectively.
Global mining equipment market can be segmented based on category, application, propulsion, power output, vehicle type and region. Based on category type,
surface & underground have the majority of share because coal and minerals are extracted with the help of this type of mining. Hence, the surface &
underground segment has the majority share in category type. In application type, the demand for mining equipment in coal mining is more than 50% because of
heavy dependency of world on coal for electricity generation. In propulsion type, diesel-based equipment are leading from more than 90% but the electric based
mining equipment are forecast to increase at a CAGR of 11.94% by 2026. In power output segment, the vehicle with below 500HP power has the share of more
than 40% followed by vehicle of power output 500-2000HP. In vehicle type, electric shovels have the share of above 10% because of use in coal mines for
loading and extraction processes followed by hydraulic excavators and mining dozers. The share of vehicle is majorly dominated by the load carrying vehicles
like dozers, dump trucks, etc.
Caterpillar, Komatsu Ltd., Hitachi Ltd., Deere & Company, Liebherr, etc., are among some of the leading players operating in the global mining equipment
market. Apart from these companies, XCMG Group, Doosan Corporation, Sany Group, AB Volvo and JC Bamford Excavators Ltd. are the key players
developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers and
acquisitions, new product developments and also increase their marketing activities and enriching product portfolio globally to increase their customer
outreach.
“In 2020, Asia-Pacific accounted for the largest share i.e., 37.21% in global mining equipment market and it is expected to dominate in the forecast period also.
Asia-pacific is leading the global mining equipment market because of increase in mining activities in China. China itself has a share of approximately 14% ofglobal mining equipment sales.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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Sample Data - Snapshot
Global Mining Equipment Market Size, By Value (USD Million) & Volume (Thousand Units), 2016-2026F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00
2016 2020 2021E 2026F
By Value (USD Million)
By Volume (Thousand Units)
CAGR By Value & Volume
XX%CAGR By Value & Volume
YY%
North America Mining Equipment Market Share, By Category, By Volume, 2016–2026F
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Crushing Pulverizing Screening Mineral Processing Surface & Underground
United States Mining Equipment Market Share, By Propulsion, By
Volume, 2016–2026F
33%33%33%33%33%33%33%33%33%33%33%
33%33%33%33%33%33%33%33%33%33%33%
34%34%34%34%34%34%34%34%34%34%34%
2016
2018
2020
2022F
2024F
2026F
Diesel CNG/LNG Electric
United States Mining Equipment Market Share, By Power
Output, By Volume, 2016–2026F
33%33%33%33%33%33%33%33%33%33%33%
33%33%33%33%33%33%33%33%33%33%33%
34%34%34%34%34%34%34%34%34%34%34%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
<500HP 500HP-2000HP >2000HP
28
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Report Name: GLOBAL MINING EQUIPMENT MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
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