Mining Equipment Market Projected to Grow $188.77 billion by 2025, at a CAGR of 7.2% from 2018 to 2025: Allied Market Research

According to thereport published by Allied Market Research, the global mining equipment market would generate $188.77 billion by 2025, from $106.85 billion in 2017, growing at a CAGR of 7.2% from 2018 to 2025. The report provides an extensive analysis of drivers & opportunities, key investment pockets, key segments, top winning strategies, and market size & forecasts. The research is helpful source of guidance for market players, investors, and shareholders to gain insightful information and devise strategies for the future.

Increase in demand for mineral and metal commodities, surge in mining related activities, rise in utilization of natural resource, and requirement for mineral fertilizers drive the global mining equipment market. Contrarily, fluctuations in raw materials prices and strict government policies and regulations would restrain the growth in the industry. On the other hand, surge in demand for equipment that are technologically advanced and increase in construction activities related to railway tracks and roads in hill stations present new pathways in the industry.

Buy Now @Flat 20% Discount: https://www.alliedmarketresearch.com/checkout/805484 * Offer Valid Till 20 April 2019*
 

Surface mining equipment to maintain its dominating position throughout the forecast period

Surface mining equipment contributed for nearly one-third of the total share in 2017 and is estimated to maintain its dominating position during the forecast period, owing to considerable rise in mining activities taking place in developing nations. However, the mining drills and breakers segment would register the fastest growth rate with a CAGR of 9.1% from 2018 to 2025. This is due to large number of coal reserves in China. The report also discusses underground mining equipment, mineral processing equipment, crushing, pulverizing, & screening equipment, and others.
 

Metal mining to offer lucrative opportunities

Metal mining accounted for the major market share in 2017, holding nearly two-fifths of the total industry share, and is expected to continue its dominance by 2025. This segment would also grow at the fastest rate, registering a CAGR of 9.1% during the forecast period, 2018–2025. This segment would offer lucrative opportunities, owing to increase in demand from developing economies for premium metals such as platinum, diamond, and titanium. The research also analyzes coal mining and mineral mining.
 

Asia-Pacific to lead in terms of revenue by 2025

Asia-Pacific accounted for nearly two-thirds of the total share in 2017 and is estimated to lead in terms of revenue during the forecast period. This is due to surge in demand for minerals and different metals such as gold, silver, diamond, and platinum in the region. However, Europe would grow at the fastest rate with a CAGR of 10.00% through 2025, owing to rise in investments in the automated equipment and technologically advanced infrastructure.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/113?utm_source=IT&utm_medium=Pra
 

Frontrunners of the market

Leading market players discussed in the report include AB Volvo, Caterpillar Inc., Deere & Company, Doosan Corporation, Epiroc AB, Hitachi, Ltd., Komatsu Ltd., Liebherr-International AG, Metso Corporation, and Sandvik AB.
 

About Us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
 
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
 

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com