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Mining Equipment Market Share
- Report ID: GMI793
- Published Date: Mar 2023
- Report Format: PDF
Mining Equipment Market Share
Some of the leading companies in the global mining equipment market include:
- Terex Corporation
- SANY Group
- CNH Industrial
- AB Volvo
- Hyundai Heay Industries Company Limited
- Metso Corporation
- Komatsu Limited
- Thyssenkrupp
- Sandvik AB
These participants are introducing new products with advanced features for improved customer retention. For example, in March 2023, Tata Hitachi, a leader in construction machinery, unveiled a new mining extractor ZX670H featuring a reinforced boom, DLC-coated fuel injector, and solid front attachments for ensuring greater efficiency.
Frequently Asked Questions (FAQ) :
The market size of mining equipment surpassed USD 75 billion in 2022 and is anticipated to register 5% CAGR from 2023 to 2032, according to GMI report.
Mining equipment industry size is estimated to amass USD 50 billion by 2032 due to their growing use to prevent surface hazards during open pit mining.
The APAC mining equipment industry is projected to cross USD 70 billion revenue by 2032 owing to the surging coal production in China.
Terex Corporation, SANY Group, CNH Industrial, AB Volvo, Metso Corporation, Komatsu Limited, Thyssenkrupp, and Sandvik AB are some of the major mining equio suppliers and manufacturers of mining equipment worldwide.
Mining Equipment Market Scope
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