Heavy Mining Equipment Market Growth, Share, Size, Price, Analysis, Industry, Forecast 2021-2026

The global heavy mining equipment market is driven by the growing output level and rising commodity prices. The heavy mining equipment is referred to as the heavy machines used for mining, construction, or earthmoving tasks.
By: Expert Market Research
SHERIDAN, Wyo. - Jan. 13, 2021 - PRLog -- According to a new report by Expert Market Research titled, 'Global Heavy Mining Equipment Market (https://www.expertmarketresearch.com/reports/heavy-mining-equipment-market) Report and Forecast 2020-2025', the global heavy mining equipment market reached a value of almost USD 78.25 billion in 2019. The market is further expected to grow at a CAGR of 3.5% in the forecast period of 2020-2025 to attain nearly USD 96.2 billion by 2025.

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The market has the Asia Pacific as the leading region on the basis of size as well as growth prospects. The regions such as North America, Australia, and Asia are the high maturity markets for the heavy mining equipment market. Europe, South America, and Africa are the high potential regions driven by the increased demand for automation and autonomous equipment, enhancing the market growth of heavy mining equipment globally. Caterpillar Inc. and Komatsu Ltd are some of the major key players in the global heavy mining market.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/heavy-mining-equipment-market

Market Analysis by Equipment Type:
  1. Surface Mining Equipment
  2. Underground Equipment
  3. Auxiliary Equipment and Others

Market Analysis by Type:
  • Surface Mining Equipment
  1. Drills
  2. Mining Trucks
  3. Electric Mining Shovels
  4. Hydraulic Shovels
  5. Wheel Loaders
  6. Draglines
  7. Tractors/Dozers
  8. Motor Grader
  • Underground Equipment Market
  1. Bolters
  2. UG Wheel Loaders/LHD
  3. Mining Trucks
  4. Development Drills
  5. Production Drills

Market Analysis by Application:
  1. Metal Mining
  2. Non- Metal Mining

Latest Global News on Heavy Mining Equipment Market@ https://www.expertmarketresearch.com/pressrelease/heavy-mining-equipment-market

Competitive Landscape & Supplier Analysis:
  • Epiroc AB
  • Sandvik AB
  • Caterpillar Inc
  • Komatsu Ltd
  • Hitachi, Ltd.
  • Liebherr Group
  • Others

Epiroc AB, Sandvik AB, Caterpillar Inc., Komatsu Ltd, Hitachi, Ltd., and Liebherr Group, among others, are the key players in the global heavy mining equipment market. The Expert Market Research report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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