Mining equipment market share by applications and regions for 2018- 2024 - PowerPoint PPT Presentation

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Mining equipment market share by applications and regions for 2018- 2024

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The Global Mining equipment market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. – PowerPoint PPT presentation

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Title: Mining equipment market share by applications and regions for 2018- 2024


1
Mining Equipment Market growth outlook with
industry review and forecasts 2018-2024 Global
Market Insights, Inc.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
  • Global Market Scenario of Construction Industry

The automated drilling and shaft tunnel boring
system is experiencing a high adoption owing to
the growing demand for safe and efficient
solutions in the mining equipment market. These
drilling machines work on mobile platforms and
provide wireless networking to the operators. The
automated machines also provide real-time data
and help monitor the extraction process through
video communication that is displayed on a
graphical screen. Applications of conventional
boring systems in underground extraction process
have proved to be expensive, sluggish, and
technically challenging. Manufacturers are
developing efficient solutions, which work at a
greater speed and reduce the cost and time spent
on constructing underground mines. Such
technologically-advanced products are driving
growth in the mining machinery market.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
  • Mining Equipment Market size is set to exceed USD
    95 billion by 2024 according to a new research
    report by Global Market Insights, Inc. The
    shipments are expected to grow at a CAGR of over
    6 from 2018 to 2024.
  • Mining equipment market is expected to grow over
    the coming years owing to the rise in demand for
    remote monitoring and control technologies in
    mineral extraction processes. These processes
    involve several difficult and tough tasks that
    cannot be manually operated. The workers are
    exposed to the harsh underground temperatures and
    chemical radiations that adversely affect their
    health conditions.
  • The machines allow the operators to control and
    monitor the process without entering these
    extraction sites. Manufacturers are targeting the
    demand of the operators by integrating several
    smart technologies such as advanced monitoring
    and control, data analytics, automated drilling,
    IoT sensing, GPS locating, and 3D imaging
    technology.
  • The imaging technique helps in scanning and
    exploring large mines while the laser scanning
    technology is experiencing a high adoption in the
    mining machinery market to develop geological
    maps combining the surface data.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request for a Sample Copy of this Report
_at_https//www.gminsights.com/request-sample/detail
/793
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
  • Regional Analysis
  • In 2017, the Europe mining machinery market
    accounted for around 15 of the industry share.
    The rise in the demand for metals in the
    construction manufacturing of industrial
    products is driving the mining machinery market
    growth. Germany and France are the leading
    countries in automobile manufacturing and
    production. Manufacturing of these products
    requires several metals such as steel, aluminum,
    and iron, generating a high demand for the metal
    extraction processes. Players in the mining
    equipment market are engaged in providing
    machines to cater to such demands.
  • Competitive Analysis
  • Key players participating in the mining machinery
    market are Atlas Copco AB, Komatsu Ltd., Metso
    Corporation, Techint Group, Joy Global, Inc,
    Hitachi Co., Ltd., Doosan Group, Liebherr Group,
    AB Volvo, Astec Industries Incorporated, Sandvik
    AB, Bradken Limited, China Coal Energy Company
    Limited, Bell Equipment Limited, CNH Industrial
    NV, Hyundai Heavy Industries Company Limited,
    Corum Group, Kopex SA, Caterpillar, Inc., Terex
    Corporation, Wirtgen Group Holding GmbH, and RCR
    Tomlinson Limited, among others.

Make An Inquiry To Purchase This Report _at_
https//www.gminsights.com/inquiry-before-buying/
793
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Rights Reserved
www.gminsights.com
6
Latest Research Report On Mining Equipment Market
_at_https//www.gminsights.com/industry-analysis/min
ing-equipment-market Request for sample of this
research report_at_ https//www.gminsights.com/requ
est-sample/detail/793 Request for
customization https//www.gminsights.com/roc/793

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Rights Reserved
www.gminsights.com
7
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com
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