Global Mining Equipment Market was valued at US$ 76.4Bn in 2017 and is expected to reach US$ 114.2Bn by 2026, at a CAGR of 5.15% during a forecast period.
Mining equipment such as draglines, excavators, and transport trucks are used to move mined ore from mines to processing units. These machines should operate with limited downtime to ensure seamless operations and to reduce the operating expenditure.
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Based on the Product, Crushing, and Pulverizing mining segment is expected to hold the largest share in the market during the forecast period. Crushing, and Pulverizing are used for cutting in to break down large pieces of large material into smaller pieces suitable for further processing. Different materials are reduced in size by fracturing them. The material is crushed and pulverized between the hammers and the casing and remains in the mill until it is fine enough to pass through a screen which forms the bottom of the casing. Crushers are generally stationary equipment that are heavy and built into a plant. The various types of crushers are cone crushers, jaw crushers, split feed crushers, glass crushers, gyratory crushers, and stone crushers are creating opportunity in these segments.
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Scope of the Global Mining Equipment Market
Global Mining Equipment Market, by Propulsion
Global Mining Equipment Market, by Electric Equipment
• Mining Trucks
• LHD (Load, Haul, Dump)
Global Mining Equipment Market, by Application
• Metal Mining
• Mineral Mining
• Coal Mining
Key Players Operating in the Global Mining Equipment Market
• Metso Corporation
• Komatsu Ltd.
• Atlas Copco AB
• Sandvik AB
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