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development in the future. This is due to governmental restrictions on mineral extraction in numerous
regions.
Security concerns, rising differences in tariff restrictions and import duties are some of the factors that
can adversely affect the sector of minerals.
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Regions
With key product sources such as iron ore and bauxite, China is likely to dominate the mining
equipments market. The market has grown due to requirements from the domestic sector. Enhanced
demand for natural resources in China has also significantly driven the region. Due to governmental
restrictions on coal fired power plants and coal extraction in the U.S. and European metal mines, the
North American and European market is anticipated to lose shares in the next few years.
Market Participants
The key players in the mining equipment market are Sandvik AB, Komatsu Limited, Hitachi Construction
Machinery, Caterpillar Inc., and Atlas Copco AB. Atlas Copco AB dominated the global market. Huge
investments in R&D activities and augmented focus on technological advancements are also some of the
other factors that propel the sales of the mining equipments market.
Table of Contents
Executive Summary & Mining Equipments industry critical success factors
Industry Outlook
Industry Dynamics
Mining Equipments Market drivers
Mining Equipments Market restraints
Mining Equipments Key Market Opportunities
Mining Equipment 2