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(CityRegions.Com, August 18, 2017 ) Global Mining Equipment market is expected to grow from $96.58 billion in 2015 to reach $181.76 billion by 2022 with a CAGR of 9.5%. Increasing mining activities tget minerals, metals, and coal is the main factor propelling the market growth during forecast period. Furthermore, increasing demand for coal tgenerate electricity, adoption of new technological mining equipments are the factors boosting the market growth. On the other hand, raising raw material costs, stringent government policies are the constraints limiting the market growth. By application, metal mining segment commanded the largest market share. North America is anticipated thold the largest share in global market due tthe availability of natural gas reserves in U.S. Asia Pacific is anticipated tbe a fastest growing region.
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Some of the key players in global mining equipment market include AB Volvo, Astec Industries, Atlas Copco, Caterpillar Inc., Doosan Infracore, Famur, Hitachi Co. Ltd., Joy Global, Komatsu Ltd., Liebherr Group, MetsCorporation, Sandvik AB, and ThyssenKrupp.
Equipment Types Covered:
Crushing, pulverizing & screening equipment
Mining drills and breakers
Mineral Processing Equipment
Underground mining equipment
Surface mining equipment
Other Equipments
Applications Covered:
Mineral mining
Metal Mining
Coal mining
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
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