MRO Magazine

Global Mining Equipment Market Growth of 4% CAGR by 2020 – Analysis, Technologies & Forecasts Report 2016-2020 – Key Vendors: ABB, Atlas Copco, Caterpillar – Research and Markets

June 20, 2016
By Business Wire News


Research and Markets has announced the addition of the “Global Mining Equipment Market 2016-2020” report to their offering.

The global mining equipment market is expected to grow at a CAGR of 4% by the year 2020. Due to slow commodity market and tough regulations by government on mining, the sector is expected to grow at slow rate. Rise in power needs of Asian and African nations, concern for fuel efficiency and environment, developing service market and automation in mining would be the key driving factors for the industry.

The sector will be witnessing slow growth over the next 5 years due to slow economic growth, low commodity and oil prices, tough government rules and regulations, nationalization of mining activities, high currency fluctuations and devaluation of Chinese currency. The trends which are likely to drive the market growth in the near future would be complete mining automation, truck less mining and use of real time analytics in mining activities. However, slow economic growth can be a barrier for the growth of this sector.

This report provides geography-wise insights on global mining equipment market, growth drivers and inhibitors, key trends, profiles of key players, major challenges for new players, current and future trends and recommendations for policy makers, service providers & investors.

Companies Mentioned:

  • ABB Ltd.
  • Atlas Copco AB
  • Caterpillar Inc.
  • FRD Furukawa
  • Joy Global
  • Komatsu Ltd.
  • Liebherr Group
  • Metso Corporation
  • Sandvik AB
  • Terex Corporation

Report Structure:

1. Executive Summary

2. Need for Mining Equipment Industry

3. Global Mining Equipment Industry – Overview

4. Market Segments & Forecasts for Global Mining Equipment Industry

5. Growth Drivers and Inhibitors for Global Mining Equipment Market

6. Risks Associated with Global Mining Equipment Industry

7. Profile of Key Players in Global Mining Equipment Industry

8. Competitive Landscape in Global Mining Equipment Industry

9. Global Industry Associations Related to Mining Equipments

10. Analysis Models

11. Current and Future Trends in Global Mining Equipment Market

12. Case Study

13. Strategic Recommendations

For more information visit

Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Mining Equipment