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.
To Request a Sample of our Report on Asia-Pacific Mining Equipment Market: https://www.omrglobal.com/request-sample/asia-pacific-mining-equipment-market
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.
(Get 15% Discount on Buying this Report)
A full Report of Asia-Pacific Mining Equipment Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-mining-equipment-market
Scope of the Asia-Pacific Mining Equipment Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- 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.
Recent Strategic Initiatives in the Asia-Pacific Mining Equipment Market
- In June 2019, Komatsu Ltd. declared the acquisition of Immersive Technologies Pty Ltd., a mining workforce optimization company in Western Australia. Immersive is a manufacturer of mining equipment simulators for training machine operators for underground and surface mines. The integration of Immersive solutions into the Komatsu series will further support to increase the safety and productivity of mining customers and optimize their operations.
- In June 2020, Doosan Infracore declared that it has won orders for a total of twenty large excavators in several regions of China which include Shanxi in Eastern China, Qinghai in Northwestern China, and Inner Mongolia in Northern China. The company has also sold six large excavators, which include five 80 t excavators (DX800LC-9C) and one 50 t excavator (DX520LC-9C), to an operator of a mining equipment rental business in Haixi, Qinghai Province.
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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
