An exciting new study from the team of Lucintel found thatmining equipment market is expected to reach $112.9 billion by 2027 with a CAGR of 6.0%. There are significant money making opportunities available in thismarket and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The mining equipmentmarket is segmented based on application, product type, function type, and region. In this market, metal is the largest segment by application. Theunderground automation system for effective mining, automatic power crusher for crushing and compacting operation, and multi-functional excavator for construction and demining function provides strategic growth path in this market.
Hitachi, Doosan Corporation, AB Volvo, Deere and Company, and Caterpillar Inc. are some of the major players profiled in this 166page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the mining equipmentmarket by product type (underground mining machinery, surface mining machinery, drills and breakers, crushing, pulverizing, screening equipment, mineral processing machinery, and parts and attachments), application (coal, mineral, and metal), function type (transportation, processing, and excavation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3What are the business risks and threats to the mining equipmentmarket?
Q.4What are some changing demands of customers in the mining equipmentmarket?
Q.5What are the new developments in the mining equipmentmarket? Which companies are leading these developments?
Q.6What strategic initiatives are being implemented by key players for business growth?
Q.7What are some of the competitive products and processes in this mining equipmentarea and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this mining equipmentmarket?
This unique report from Lucintelwill enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.