Global Mining Equipment Market (2019 to 2025) - Amid the COVID-19 Crisis the Industry is Projected to Grow by US$ 60.8 Billion - ResearchAndMarkets.com

The "Mining Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Mining Equipment market worldwide will grow by a projected US$60.8 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 6.1%.

Metal Mining, one of the segments analyzed and sized in this study, is forecast to grow at over 7.6% and reach a market size of US$83.5 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Metal Mining market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 4.7% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$1.8 Billion to the region's size over the next 7 to 8 years. In addition, over US$1.7 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Metal Mining segment will reach a market size of US$3.4 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Mining Equipment market.

Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 10.2% over the next couple of years and add approximately US$16.5 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Mining Equipment market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

AB Volvo; Caterpillar, Inc.; Deere & Company; Doosan Corporation; Epiroc AB; Hitachi Ltd.; Komatsu Ltd.; Liebherr-International AG; Metso Corporation; Sandvik AB

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Mining Equipment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession
  

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/47cmbe

View source version on businesswire.com: https://www.businesswire.com/news/home/20200526005372/en/