Mining Equipment Market By Type (Surface Mining, Mineral Processing, Underground Mining, Mining Drills and Breakers, Crushing, Pulverizing and Screening Equipment), By Application (Metal Mining, Mineral Mining, Coal Mining), Industry trends, Estimation & Forecast, 2016 - 2024

Market Overview:

The extraction of valuable materials usually in the form of ore, lode, vein and reef from earth’s surface is called as mining. Mining has basically two types, Surface and Underground. Through the extraction processes resources like coal, minerals, metals and other such materials are extracted from the earth. Mining is a very important sector of the world economy. Extremely necessary resources like petroleum, natural gas, coal and others are extracted through mining. Other materials such as gems, diamond, stones and other geologically deposited substances are also a product of mining. A set of heavy machinery is used in order to extract and process the extracted materials. Few of them include bulldozers, loaders, drills, crushers and others. Some major factors that enhance the demand of mining equipment market growth include increasing demand of metal and minerals and rise in the consumption of natural resources such as petroleum, coal and Uranium. Various other factors like increasing demand of mineral fertilizers in order to upgrade the agricultural yield quality, and extensive growth in power sector due to industrialization supplements the growth of the market. Excessive usage of natural resources has resulted into strict government regulations, which is a major challenge for the market. Upcoming future projects for the construction of new roads and railway tracks in the hilly regions is likely to bring strong growth opportunities for the mining equipment market.

Mining Equipment Market Segmentation

By Type • Surface Mining Equipment • Mineral Processing Equipment • Underground Mining Equipment • Mining Drills and Breakers • Crushing , Pulverizing and Screening Equipment • Others By Application • Metal Mining • Mineral Mining • Coal Mining By Geography • North America U.S. Canada Mexico Europe Western Europe Eastern Europe • Asia-Pacific China India Rest of APAC • LAMEA Latin America Middle East & Africa