Global Mining Equipment Market Forecast to 2025: Analysis & Forecast by Drill & Beaker, Crushing, Pulverizing, Screening, Mineral Processing, Surface & Underground Mining - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Mining Equipment Market by Category, Electric Equipment, Propulsion, Industry, Autonomous Equipment, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The mining equipment market is estimated to be USD 77.7 billion in 2018 and is projected to reach USD 112.3 billion by 2025, at a CAGR of 5.40%.
Increase in demand for metals and minerals, upcoming emission regulations, increase in development of electric and autonomous mining are the major reasons for the market growth.
CNG/LNG/Others is estimated to be the fastest growing mining equipment market, by prolusion
According to the California Resource Board, RNG from landfill-diverted food and green waste can provide a reduction of 125% in the greenhouse gas emissions and RNG from dairy manure can result in a reduction of 400% in greenhouse gas emissions on replacing traditional vehicle fuels.
The mining equipment market for the mineral industry is estimated to have the largest share during the forecast period
Metals considered in the study are iron, copper, and gold as they have the largest deposits. According to the National Bureau of Statistics, Australia, Brazil, China, and India account for the largest iron production. China, Peru, and the US accounted for the largest copper production, whereas China, Russia, and the US accounted for the largest gold production, as of 2017.
Asia Oceania is estimated to be the largest and fastest in the mining equipment market during the forecast period.
The mining equipment industry has witnessed substantial growth, particularly in emerging economies such as China and India. Asia Oceania is expected to witness an annual growth of 6-7%, whereas the overall global growth rate is expected to be 5-6% during the next 8 years. The region has witnessed growth in mining operations due to increasing demand for raw materials.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trend
7 Mining Equipment Market, By Equipment Category
8 Mining Equipment Market, By Industry
9 Mining Equipment Market, By Propulsion
10 Electric Mining Equipment Market, By Equipment Type
11 Autonomous Mining Equipment Market, By Equipment Category
12 Mining Equipment Market, By Region
13 Competitive Landscape
14 Company ProfilesAard Mining Equipment Astec Industries Atlas Copco BEML Caterpillar Dakota Equipment Manufacturing Doosan Equipment North Hitachi Construction Machinery Hyundai Heavy Industries JSC Komatsu Konecranes Liebherr Mine Master RTM Equipment Sandvik Sany Schulte Strathaus Terex Volvo Construction Equipment XCMG
For more information about this report visit https://www.researchandmarkets.com/research/dfzjrf/global_mining?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005692/en/
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Related Topics:Electrical Engineering,Mining Equipment
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/18/2018 12:45 PM/DISC: 12/18/2018 12:45 PM