European mining equipment market is estimated to grow at a CAGR of 3.8% during the forecast period. The significant presence of mining companies and focus on coal production are some factors driving market growth. As per the Eurostat, in 2017, there were 17,500 enterprises involved in mining and quarrying in the EU. As per the European Association of Mining Industries, Metal Ores & Industrial Minerals (Euromines), aluminium production in the UK increased from 46,000 tons in 2016 to 48,000 tons in 2017. In Germany, aluminium production increased from 546,800 tons in 2016 to 550,000 tons in 2017. Significant rise in minerals mining is attributing to the demand for mining equipment in the region that occupies a major position in the process of mining and evaluates the performance of extraction and processing operations of minerals.
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Based on the country, the market is classified into the UK, Germany, France, Spain, Italy, and the Rest of Europe. In Germany, Industry association VDMA Mining predicts a record year sales of mining equipment manufacturers of Germany in 2019. This may result due to the growth in minerals mining in the country. The country has a significant production of aluminium, feldspar, kaolin, salt, and others. This, in turn, is accelerating the demand for specialized underground mining equipment including loaders, diggers, and trucks are utilized to excavate raw materials.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
European Mining Equipment Market-Segmentation
By Type
- Surface Mining Equipment
- Mineral Processing Equipment
- Underground Mining Equipment
By Application
- Coal Mining
- Metal Mining
- Non-Metal Mining
European Mining Equipment Market– Segment by Country
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the European mining equipment market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European mining equipment market.
- Insights about market determinants which are stimulating the European mining equipment market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players
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