Mining Market Research Reports, Analysis & Trends
In order to do mining, it requires a large number of equipments and machinery, and the machinery and equipments are huge in size. The global mining equipment market is primarily driven by factors such as the increase in mining activities and the rising demand for metal and mineral commodities. The mining market is witnessing substantial growth after the economic crisis that catapulted many economies and industries in 2010, other than that there are other factors such as the enhanced demand for technically advanced solutions especially in developing countries is bolstering the growth of the global mining equipment market. Asia-Pacific (APAC) region dominates the global mining equipment market owing to tremendous growth of mining activities in China.
Current Trends in Mining Industry
The global mining equipment market is segmented into six sub segments by equipment types namely, - mining drills and breakers, crushing, pulverizing and screening equipment, mineral processing machinery, surface mining equipment, underground mining machinery and other mining equipments. Metal mining, mineral mining and coal mining are the three main application sub segments of the global mining equipment market. The market has also been segmented and analyzed by geography into North America, APAC, Europe and rest of the world regions. Market estimates and forecasts are made after critical analysis of various macro and micro economic factors which directly and indirectly affect the market growth.