The global mining equipment market size was valued at USD 143.7 billion in 2019 and is expected to grow at a CAGR of 12% from 2021 to 2027. Continuous digital mining innovation is expected to change key aspects of mining. The next few years. The increase in investment, along with government support for digital mining innovation, is expected to drive demand for mining equipment during the forecast period. Improvements and innovations in extraction technology and equipment contributed to the improvement of the ore grade, extending the life of old mines.
A full report of Mining Equipment Market available at https://www.orionmarketreports.com/mining-equipment-market/24345/
Mining Equipment Market Segmentations
By Type
• Mineral Processing Equipment
• Surface Mining Equipment
• Underground Mining Equipment
• Mining Drills & Breakers
• Crushing, Pulverizing & Screening Equipment
• Others
By Application
• Metal Mining
• Mineral Mining
• Coal Mining
Key Players
• AB Volvo
• Caterpillar Inc.
• Deere & Company
• Doosan Corporation
• Epiroc AB
• Hitachi, Ltd.
• Komatsu Ltd
• Liebherr-International AG
• Metso Corporation
• Sandvik AB
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
