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The global mining shovel market is anticipated to be valued at US$ 7.8 billion in 2022. Demand is likely to remain high for mining shovels during the assessment period. This is due to the increased mining operation and garnering US$ 10.4 billion in 2033, recording a CAGR of 2.7% from 2023 to 2033. The market is likely to secure US$ 8.0 billion in 2023.
Data Points | Key Statistics |
---|---|
Mining Shovel Market Size Value in 2023 | US$ 8.0 billion |
Mining Shovel Rental Market Forecast Value in 2033 | US$ 10.4 billion |
Global Growth Rate | 2.7% CAGR |
Forecast Period | 2023 to 2033 |
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Attributes | Details |
---|---|
Historical CAGR (2018 to 2022) | 2.5% |
Forecast CAGR (2023 to 2033) | 2.7% |
Demand for mining shovels grew at a 2.5% CAGR between 2018 and 2022. Mining shovels, also called front shovels or power shovels, are bucket-equipped electrically powered machines, commonly used for digging, loading, and extracting earth minerals. They are used to excavate large quantities of rock and soil in the strip or surface mining operations. These machines are available in a wide range of payload capacities and a complete rig can weigh up to 10,000 tons.
Characterized by their huge size, mining shovels primarily exceed 200 feet in length and can have buckets with volumes of up to 180 cubic yards. These machines are increasingly gaining popularity across the mining industry, owing to their ability to dig and excavate huge quantities of earth minerals and work in harsh & difficult mining conditions.
As these shovels assist mining sites in moving the soil and rock at faster rates and at a lower cost per ton, they are increasingly being adopted for surface mining applications for extracting minerals and metals such as iron ore, coal, copper, bauxite, and gold among others. This is projected to bolster the demand for mining shovels in the market.
The Increasing Construction Activities Globally to Drive the Market Growth
As the trend of urbanization and industrialization continues to create deeper inroads across the world, a swift rise in building and construction activities is being witnessed, especially across developing economies such as China, India, Australia, Brazil, and others.
Citing these trends, governments in numerous countries are increasingly aiming at urbanizing their rural areas and investing in upgrading the infrastructure of respective nations. For instance, the Indian government has announced allocating US$ 868 Billion under its Smart City Mission for constructing over 100 smart cities across India.
Such increasing infrastructure development and construction activities are creating strong demand for iron, steel, and other metals. Leading mining industry players are emphasizing expanding their mining capacity to capitalize on the surging iron & steel demand.
For instance, in 2021, JSW Steel, an Indian multinational conglomerate announced acquiring 4 iron ore mines in Odisha, India to ramp up its iron & steel production and supply 51% of its overall requirement. As mining shovels are extensively used across the iron ore & crude steel mines for digging and extraction applications, such a rise in mining activities is estimated to spur sales in the global market.
High Cost of Maintenance May Impede the Market Growth
Although there are several advantages associated with mining shovels, extravagant initial cost, difficulty in operation due to their mechanical complexity, and high cost of maintenance due to working in harsh mining conditions are hampering the growth in the market.
The increasing shift of end-user preference towards using excavators for mining applications, owing to this low initiation cost and multifunction capability is hindering the demand for mining shovels. The rising availability of mining equipment such as mining shovels on a rental basis is hindering the sales of new mining shovels in the market.
Global Mining Shovel Market:
Attributes | Global Mining Shovel Market |
---|---|
CAGR (2023 to 2033) | 2.7% |
Market Value (2033) | US$ 10.4 billion |
Growth Factors | The rapid growth in the mining industry Is expected to boost market sales in the forecast period. |
Opportunities | The increasing industrialization to offers opportunities for market expansion in the forecast period. |
Global Mining Drill Market:
Attributes | Global Mining Drill Market |
---|---|
CAGR (2023 to 2033) | 4.7% |
Market Value (2033) | US$ 5.3 billion |
Growth Factors | The increasing mining activities in emerging economies is expected to boost market growth in the forecast period. |
Opportunities | The increased technological innovation that boosts efficiency offers significant opportunities for market expansion in the forecast period. |
Global Surface Mining Market:
Attributes | Global Surface Mining Market |
---|---|
CAGR (2023 to 2033) | 3.6% |
Market Value (2033) | US$ 5.6 billion |
Growth Factors | The increasing global demand for minerals, driven by population growth, urbanization, industrialization, and infrastructure development, fuels the need for surface mining operations. |
Opportunities | The infrastructure development is expected to offer significant opportunities for expansion in the coming time |
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Increasing Construction of New Mines to Boost the Market Growth
Future Market Insights states that South Asia and the Pacific are forecast to continue dominating the global mining shovel market between 2023 and 2033. Demand for coal is rapidly increasing across the power generation sector, thanks to the introduction of advanced clean coal technologies. With surging power demand across the Asia Pacific, governments in countries across the region are immensely focusing on increasing their production of coal for power generation activities.
For instance, in 2021, the Indian Government announced approving the investment of US$ 6.47 billion for constructing 8 new coal mining projects and expanding 24 existing coal mines for increasing the production of coal in the country. As mining shovels are used in mining activities, such initiatives for constructing new mines are estimated to augment the demand in the market.
Increasing Mining Activities in The Region to Drive the Market Growth
As per FMI, North America is anticipated to account for a significant share of the global mining shovel market over the forecast period 2023 to 2033. North America is expected to account for a CAGR of 2.6% during the forecast period.
Increasing demand for minerals and metals such as iron ore, copper, gold, steel, and others has resulted in accelerating mining activities across the countries such as the United States and Canada, creating sales opportunities for mining equipment.
The leading manufacturers in the market are aiming at launching novel products to capitalize on such opportunities. For instance, in 2020, Caterpillar Inc., a USA-based construction machinery and equipment company announced its new hydraulic mining shovel, 6015B. The shovel is equipped with a single Cat C27 ACERT engine and a 100-ton shovel, providing faster-digging cycles and greater digging power. A multiplicity of such new product launches is estimated to fuel the demand for mining shovels in the North American market.
30-40 Metric Ton Segment to Remain Highly Sought After
By payload capacity, the 34-40 metric ton payload capacity segment is expected to dominate the market in the forecast period. The segment is projected to account for a CAGR of 2.6% during the forecast period.
This range of mining shovels is used in operations, including open-pit mining of various minerals and materials. These shovels offer a balance between size, power, and efficiency, making them versatile for different types of mining projects.
Coal Segment to generate high Revenue
As per FMI’s analysis, the coal segment accounts for 42.5% of the total mining shovel market share. The segment is projected to account for a CAGR of 2.5% during the forecast period.
Coal mining shovels are specifically designed for excavating and loading coal from open-pit mines or coal seams. These shovels are often equipped with specialized features to handle the unique properties of coal, such as high volume, low density, and potential challenges related to dust control.
Some of the leading players in the mining shovel market are JCB Ltd., Volvo Construction Equipment, Caterpillar Inc., Sandvik AB, Hitachi Construction Machinery Co. Ltd., Metso Corporation, Komatsu Limited, Boart Longyear Ltd., and China National Coal Mining Equipment Co. Ltd.
The global mining shovel market is highly competitive, due to a large number of participants and increasing adoption of product launches and capacity expansion strategies to strengthen the market share.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 2.7% from 2023 to 2033 |
Market Value in 2023 | US$ 8.0 billion |
Market Value in 2033 | US$ 10.4 billion |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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The mining shovel market CAGR for 2033 is 2.7%.
The market is valued at US$ 8.0 billion in 2023.
The projected market value of the market for 2033 is US$ 10.4 billion.
Key players are developing the market by partnering with other companies.
Caterpillar, Komatsu, and Sandvik are key market players.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Payload Capacity 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Payload Capacity, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Payload Capacity, 2023 to 2033 5.3.1. 20-30 Metric Tons 5.3.2. 30-40 Metric Tons 5.3.3. 40-50 Metric Tons 5.3.4. More than 50 Metric Tons 5.4. Y-o-Y Growth Trend Analysis By Payload Capacity, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Payload Capacity, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Mineral Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Mineral Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Mineral Type, 2023 to 2033 6.3.1. Coal 6.3.2. Iron Ore 6.3.3. Non-ferrous Metals 6.3.4. Industrial Minerals 6.3.5. Precious Metals 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Mineral Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Mineral Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Payload Capacity 8.2.3. By Mineral Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Payload Capacity 8.3.3. By Mineral Type 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Payload Capacity 9.2.3. By Mineral Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Payload Capacity 9.3.3. By Mineral Type 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Payload Capacity 10.2.3. By Mineral Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Payload Capacity 10.3.3. By Mineral Type 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Payload Capacity 11.2.3. By Mineral Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Payload Capacity 11.3.3. By Mineral Type 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Payload Capacity 12.2.3. By Mineral Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Payload Capacity 12.3.3. By Mineral Type 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Payload Capacity 13.2.3. By Mineral Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Payload Capacity 13.3.3. By Mineral Type 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Payload Capacity 14.2.3. By Mineral Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Payload Capacity 14.3.3. By Mineral Type 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Payload Capacity 15.1.2.2. By Mineral Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Payload Capacity 15.2.2.2. By Mineral Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Payload Capacity 15.3.2.2. By Mineral Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Payload Capacity 15.4.2.2. By Mineral Type 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Payload Capacity 15.5.2.2. By Mineral Type 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Payload Capacity 15.6.2.2. By Mineral Type 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Payload Capacity 15.7.2.2. By Mineral Type 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Payload Capacity 15.8.2.2. By Mineral Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Payload Capacity 15.9.2.2. By Mineral Type 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Payload Capacity 15.10.2.2. By Mineral Type 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Payload Capacity 15.11.2.2. By Mineral Type 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Payload Capacity 15.12.2.2. By Mineral Type 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Payload Capacity 15.13.2.2. By Mineral Type 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Payload Capacity 15.14.2.2. By Mineral Type 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Payload Capacity 15.15.2.2. By Mineral Type 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Payload Capacity 15.16.2.2. By Mineral Type 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Payload Capacity 15.17.2.2. By Mineral Type 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Payload Capacity 15.18.2.2. By Mineral Type 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Payload Capacity 15.19.2.2. By Mineral Type 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Payload Capacity 15.20.2.2. By Mineral Type 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Payload Capacity 15.21.2.2. By Mineral Type 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Payload Capacity 15.22.2.2. By Mineral Type 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Payload Capacity 15.23.2.2. By Mineral Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Payload Capacity 16.3.3. By Mineral Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. JCB Ltd. 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Volvo Construction Equipment 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Caterpillar Inc. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Sandvik AB 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Hitachi Construction Machinery Co. Ltd. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Metso Corporation 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Komatsu Limited 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Boart Longyear Ltd. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. China National Coal Mining Equipment Co. Ltd 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Liebherr Group 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033 Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033 Table 3: Global Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 4: Global Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 5: Global Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 6: Global Market Volume (Units) Forecast by Mineral Type, 2018 to 2033 Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033 Table 9: North America Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 10: North America Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 11: North America Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 12: North America Market Volume (Units) Forecast by Mineral Type, 2018 to 2033 Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033 Table 15: Latin America Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 16: Latin America Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 17: Latin America Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 18: Latin America Market Volume (Units) Forecast by Mineral Type, 2018 to 2033 Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033 Table 21: Western Europe Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 22: Western Europe Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 23: Western Europe Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 24: Western Europe Market Volume (Units) Forecast by Mineral Type, 2018 to 2033 Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033 Table 27: Eastern Europe Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 28: Eastern Europe Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 29: Eastern Europe Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 30: Eastern Europe Market Volume (Units) Forecast by Mineral Type, 2018 to 2033 Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033 Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 34: South Asia and Pacific Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 36: South Asia and Pacific Market Volume (Units) Forecast by Mineral Type, 2018 to 2033 Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033 Table 39: East Asia Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 40: East Asia Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 41: East Asia Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 42: East Asia Market Volume (Units) Forecast by Mineral Type, 2018 to 2033 Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033 Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033 Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Payload Capacity, 2018 to 2033 Table 46: Middle East and Africa Market Volume (Units) Forecast by Payload Capacity, 2018 to 2033 Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Mineral Type, 2018 to 2033 Table 48: Middle East and Africa Market Volume (Units) Forecast by Mineral Type, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 2: Global Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033 Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033 Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033 Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033 Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033 Figure 8: Global Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 9: Global Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 10: Global Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 11: Global Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 12: Global Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 13: Global Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 14: Global Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 15: Global Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 16: Global Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 17: Global Market Attractiveness by Mineral Type, 2023 to 2033 Figure 18: Global Market Attractiveness by Region, 2023 to 2033 Figure 19: North America Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 20: North America Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033 Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 26: North America Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 27: North America Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 28: North America Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 29: North America Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 30: North America Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 31: North America Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 32: North America Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 33: North America Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 34: North America Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 35: North America Market Attractiveness by Mineral Type, 2023 to 2033 Figure 36: North America Market Attractiveness by Country, 2023 to 2033 Figure 37: Latin America Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 38: Latin America Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033 Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 44: Latin America Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 45: Latin America Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 46: Latin America Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 48: Latin America Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 49: Latin America Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 50: Latin America Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 52: Latin America Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 53: Latin America Market Attractiveness by Mineral Type, 2023 to 2033 Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033 Figure 55: Western Europe Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 56: Western Europe Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033 Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 62: Western Europe Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 63: Western Europe Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 66: Western Europe Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 67: Western Europe Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 70: Western Europe Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 71: Western Europe Market Attractiveness by Mineral Type, 2023 to 2033 Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033 Figure 73: Eastern Europe Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 74: Eastern Europe Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033 Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 81: Eastern Europe Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 85: Eastern Europe Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 88: Eastern Europe Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 89: Eastern Europe Market Attractiveness by Mineral Type, 2023 to 2033 Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033 Figure 91: South Asia and Pacific Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 92: South Asia and Pacific Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033 Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 106: South Asia and Pacific Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 107: South Asia and Pacific Market Attractiveness by Mineral Type, 2023 to 2033 Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033 Figure 109: East Asia Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 110: East Asia Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033 Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 116: East Asia Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 117: East Asia Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 118: East Asia Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 120: East Asia Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 121: East Asia Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 122: East Asia Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 124: East Asia Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 125: East Asia Market Attractiveness by Mineral Type, 2023 to 2033 Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033 Figure 127: Middle East and Africa Market Value (US$ Million) by Payload Capacity, 2023 to 2033 Figure 128: Middle East and Africa Market Value (US$ Million) by Mineral Type, 2023 to 2033 Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033 Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033 Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033 Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033 Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033 Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Payload Capacity, 2018 to 2033 Figure 135: Middle East and Africa Market Volume (Units) Analysis by Payload Capacity, 2018 to 2033 Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Payload Capacity, 2023 to 2033 Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Payload Capacity, 2023 to 2033 Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Mineral Type, 2018 to 2033 Figure 139: Middle East and Africa Market Volume (Units) Analysis by Mineral Type, 2018 to 2033 Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Mineral Type, 2023 to 2033 Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Mineral Type, 2023 to 2033 Figure 142: Middle East and Africa Market Attractiveness by Payload Capacity, 2023 to 2033 Figure 143: Middle East and Africa Market Attractiveness by Mineral Type, 2023 to 2033 Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
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