The mining equipment is special machinery used for extraction of mineral resources. Depending on the application area, the mining equipment can be classified into surface and underground equipment.
The mining equipment market witnessed robust growth over the past several years. It amounted to USD 71 billion in 2011. The market is poised for further growth at a CARG of over 7% in the upcoming years, spurred by the rising demand for technically advanced products. The mining equipment market is likely override USD 115 billion in 2018. The Asia-Pacific is the leading regional market for mining equipment, calling for more than a 62% share of the total output. China holds the dominant position in the region in terms of production volumes. Dingsheng Tiangong Construction Machinery, Hanta Machinery Co. Ltd., Doosan Infracore and Deere & Co. are amid the top players of the mining equipment market.
The catalogue encompasses a great variety of research reports, providing an extensive guide to the mining equipment market at all geographical levels possible. The research studies contain essential information on the market size, segmentation, key driving and limiting forces and development trends. Analyses of the competitive environment along with the profiles of the leading companies are available in the researches. Besides, the reports disclose future market prospects.
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