December 12, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Mining Machinery Market over the trend period from 2016 to 2020 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Mining Machinery Market Overview:
The Global Mining Machinery Market was estimated at USD 29.2 Billion in 2021 and is likely to grow at a CAGR of 4.48 % during 2022-2028 to reach USD 39.86 Billion in 2028.
Drivers
The surge in demand for metals and electric mining machinery is expected to drive the market.
Increasing infrastructure development and construction activities in emerging economies are expected to drive market growth during the forecast period.
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By Category Type:
Crushing, Pulverizing, and Screening Machinery
Mineral Processing Machinery
Surface Mining Machinery
Type Analysis: Articulated Dump Trucks, Crawler Dozers, Crawler Excavators, Motor Graders, and Rigid Dump Trucks
Underground Mining Machinery
Type Analysis: Drills, Electric Shovels, Hydraulic Excavators, Mining Dozers, Mining Trucks, and Wheeled Loaders
By Propulsion Type:
Diesel
CNG/LNG/RNG
By Power Output Type:
Less than 500 HP
500-2,000 HP
More than 2,000 HP
By Autonomous Mining Machinery-Mining Category Type:
Surface Mining
Underground Mining
By Electric Mining Machinery Type:
Mining Truck
Load-Haul-Dump Loaders
By Electric Mining Machinery-Battery Type:
Lithium-ion
Lead-acid
Others
By Application Type:
Mineral
Metal
Coal
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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