Asia-Pacific mining equipment market is estimated to grow at a CAGR of 5.5% during the forecast period. Government initiatives to drive the mining sector is accelerating market growth. In May 2020, China’s key steelmakers and steel association called for a rise in the production of domestic iron ore as well as higher investment in exploration overseas to facilitate supplies. The country could move towards re-investing in the mining sector after the COVID-19 pandemic to secure its resource. The Chinese government could either augment minerals exploration and development or invest in technology to facilitate the production of minerals. This, in turn, is offering an opportunity for the adoption of mining equipment.
Mining equipment has experienced remarkable advances in performance, design, and reliability. Electrification of underground mining equipment has been witnessed owing to the emerging focus in underground mining for the reduction of carbon emissions and increase workers’ safety. To fulfill the emerging emissions, energy efficiency, and safety concerns of the underground mining industry, rising demand for electric-powered machinery has been witnessed over the years. Komatsu offers electric mining dump trucks that have been leading the way for autonomous driverless operation and trolley systems in the mining industry.
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Asia-Pacific Mining Equipment Market
Market Coverage
- Market number available for 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Type and Application
- Regions Covered- China, India, Japan, and Rest of Asia-Pacific
- Competitive Landscape- Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Doosan Corp.
Asia-Pacific Mining Equipment Market-Segmentation
By Type
- Surface Mining Equipment
- Mineral Processing Equipment
- Underground Mining Equipment
By Application
- Coal Mining
- Metal Mining
- Non-Metal Mining
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Asia-Pacific Mining Equipment Market– Segment by Country
- China
- Japan
- India
Rest of Asia-Pacific
Company Profiles
- Atlas Copco AB
- Overview
- Product Portfolio
- Recent Activities
- Caterpillar Inc.
- China Coal Energy Company Ltd.
- Doosan Corp.
- Furukawa Co. Ltd.
- Hitachi Construction Machinery Co., Ltd.
- Hyundai Heavy Industries Holdings Co., Ltd.
- Komatsu Ltd.
- Liebherr Group
- Northern Heavy Industries Group Co., Ltd.
- RCR Tomlinson Ltd.
- Sany Group
- Zhengzhou Coal Mine Machinery Group Ltd. (ZMJ Group)
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