COVID-19 Impact on Mining Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The Global Mining Equipment Market size is expected to grow at an annual average of 5% during 2021-2027. Mining is generally defined as the activity described as the extraction or physical removal of solid ores, materials, and substances from geological deposits. Mining is responsible for the supply of various metals, rare earths, uranium, coal, diamonds, building materials, stones, rocks and various chemicals and industrially important solids.

The following Segmentation are covered in this report:

By Propulsion

• Diesel
• CNG/LNG/RNG

By Application

• Mineral
• Metal
• Coal

By Power Output

• <500 HP
• 500-2,000 HP
• >2,000 HP

By Mining Category

• Surface mining
• Underground mining

By Type

• Mining Truck
• LHD

By Battery Type

• Lithium-ion
• Lead-acid
• Others 

Scope of the Report

The research study analyses the global Mining Equipment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Mining Equipment Market Report

• What was the Mining Equipment Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Mining Equipment Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Mining Equipment Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.