Mining equipment is used in the process of extracting the metal and mineral ores from the earth. The increasing growth in mining industry and rising demand for metal and mineral commodities are driving the mining equipment market to grow. This industry has overcame the impact of global financial crisis which slowed down the demand for mining equipment and now growing significantly due to the enhanced demand for technically advanced mining solutions. Mining equipment include excavators, loaders, dozers, earthmovers, dump trucks, drills, scrapers, and graders which are extensively used throughout the mining process.

The development of mining equipment industry in emerging markets such as Asia-Pacific is experiencing a prominent growth and is expected to grow further in coming years. Countries such as China, India, Thailand, Australia and Indonesia are the main markets for this industry in Asia-Pacific region and are expected to lead this region to grow at the highest CAGR in the global mining equipment market.

The most recent trend this industry is experiencing is an increase in the equipment rental business due to high prices of mining equipment. This move so far is being considered to be more cost efficient than buying the equipment.

This vertical offers businesses with an extensive pool of market data that serve as blueprints ranging from market sizes, revenue forecasts, value chain, market and product trends, price trends and regulations, competitive landscape, leading players, their key developments, strategy and profile. MarketsandMarkets offers a 360 degree in-depth analysis of the industry; allowing companies to access insights for strategizing, planning and execution. Our mining industry analysts also focus on analyzing trends in the related end-user markets and evaluating the impact that these trends will have on the industry performances. We have displayed our expertise by partnering with Fortune 500 clients to provide tailor-made consulting projects within client’s product portfolio.   see less

Mining equipment is used in the process of extracting the metal and mineral ores from the earth. The increasing growth in mining industry and rising demand for metal and mineral commodities are driving the mining equipment market to grow. This indust ....see more