Mining Equipments Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast from 2015 to 2022

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Mining Equipments Market Analysis, Market Size, Share,

Regional Outlook, Industry Trends, Competitive Strategies

And Segment Forecast From 2015 To 2022

Industrial Overview

The mining equipments market is growing on a global level with augmented mining activities. It is likely

to expand rapidly in the next six years. Due to mineral extraction activities in Australia, India and China,

the market is noticing prominent growth globally. Additionally, the regions of Africa, Brazil and Russia

have planned the execution of iron ore projects in the future. This would positively impact the mining

equipments market.

The worldwide market is likely to cross USD 95 billion by 2022. It would experience a CAGR of about 4%

from 2015 to 2022. With a slowly growing population, the demand for food has decreased, necessitating

the need for mineral fertilizers to augment agricultural output. Safety and security concerns related to

heavy equipments are likely to hamper the market.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

The mishandling of equipments such as loaders, crushers, drillers and earth movers may lead to serious

losses. Moreover, mining procedures can also lead to unwanted ecological issues including

contamination and soil erosion, formation of skin holes and loss of biodiversity. The mining equipments

market comprises tier 2 and tier 1 suppliers. These suppliers are accountable for creating components to

be given to original equipment manufacturers (OEMs).

Market Segmentation

Products

The key product segments in the worldwide market include surface machinery; drills & breakers;

mineral processing machinery; crushing, pulverizing and screening; and underground mining machinery.

In 2014, underground mining machinery accounted for the largest share. These machineries comprise

hydraulic...