According to the research report, “Asia-Pacific Mining Equipment Market Outlook, 2027,” published by Actual Market Research, the mining equipment market is projected to grow at a CAGR of 4.97% from 2022–2027. The major drivers for the demand for mining equipment are the higher concentration of surface mineral reserves and the higher demand for these minerals worldwide. In addition, deep mining activities are also gaining momentum in the Asia-Pacific region. The market size in the region is attributed to the massive presence of metal, mineral, and coal mines, rising government initiatives and policies towards the exploration of new mines, and modernization of existing mines. The Asia-pacific mining equipment market is segmented into five prominent countries: China, Japan, India, Australia, and South Korea. Among these countries, China has been leading the Asia-Pacific market throughout the entire time period. China is the leading producer of coal, steel, aluminum, rare earth metals, lead, zinc, tin, magnesium, tungsten, and other metallic minerals. Mining output in China was calculated to increase by 2.42% on average from 2013 to 2022, reaching an all-time high of 17.50% in January 2021. Also, until the end of 2019, a total of 173 types of minerals, including 13 (energy materials), 59 (metals), 95 (non-metallic minerals) and six types of water and gases, have been discovered in China. In addition to that, the Mineral Resource Law is the national law governing the prospection and extraction of valuable components from mines in China.
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The market is highly competitive, with a considerable number of regional and global players. At the same time, this report includes company profiling for the companies like- Major Companies present in the market: Sandvik AB, Caterpillar Inc., Komastu Limited, Volvo Group, Liebherr Group, Hitachi Construction Machinery Co., Limited, EpirocAb, Sany Heavy Equipment International Holdings Company Limited, Doosan Infracore Co. Limited, Guangxi Liugong Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Xuzhou Construction Machinery Group (XCMG), Bharat Earth Movers Limited, J C Bamford Excavators Limited, Wirtgen Group, Mine Master Ltd, FIORI GROUP S.p.A., JSC, WackerNeuson Group, Equipment North Inc., RTM Equipment, Astec Industries, Inc., BELL Equipment, AARD Mining Equipment
Aspects covered in this report
- Asia-Pacific Mining Equipment market with its value and forecast along with its segments
- Country wise market analysis
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Owning our reports will help you solve the following issues:
- What is the market size and forecast of the Asia-Pacific Mining Equipment Market ?
Our research and insights help our clients to foresee upcoming market size and forecast.
- What are the inhibiting factors and impact of COVID-19 shaping the Asia-Pacific Mining Equipment Market during the forecast period?
Our research and analysis help our clients to see how COVID-19 has Impacted the industry. This allows our clients to invest or divest their resources.
- Which region outstands in Asia-Pacific Mining Equipment Market ?
Our research helps our clients to see which the dominating region in the market is, with supporting trends and developments.
- Which are the segments to invest in over the forecast period in Asia-Pacific Mining Equipment Market ?
Our research report allows the company/ investor to identify the most promising product segment, which is to have more potential in the coming years.
- What is the competitive strategic window for opportunities in Asia-Pacific Mining Equipment Market ?
Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
- What are the technology trends and regulatory frameworks in Asia-Pacific Mining Equipment Market ?
Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers needs to abide by.
- What are the major companies in the Asia-Pacific Mining Equipment Market ?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.
An excellent Asia-Pacific Mining Equipment Market document has the best market research offerings and the required critical information, whether it is about looking for new product trends or competitive analysis of an existing or emerging market. With this business report, companies can sharpen their competitive edge again and again. The market report has expert insights on global industries, products, company profiles, and market trends.
Countries covered in the report
- South Korea
By Application in the report:
- Mineral Mining
- Metal Mining
- Coal Mining
Table of Contents Covered In This Asia-Pacific Mining Equipment Market Report:
Table of Contents
- Executive Summary
- Report Methodology
- Market Structure
3.1. Market Considerate
3.2. Market Definition
- Economic /Demographic Snapshot
- Global Mining Equipment Market Outlook
5.1. Market Size by Value
5.2. Market Share
To Be Continue
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