The global large mining shovels market size is accounted to grow at a significant CAGR of around 3% during the forecast period 2021 to 2027. The increasing demand for minerals and metals around the world is a primary factor to drive the market growth. Furthermore, the steady expansion of the mining industry and the increasing demand from the oil and gas industry are further anticipated to boost the market growth. The rising demand for quick extraction of minerals and ores has created an imperative need for soil loading and excavation which is anticipated to increase the demand for the product. In addition, the stringent government regulations to use advanced machinery and electrical shovels are anticipated to fuel the market.
The report titled "Large Mining Shovels Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Large Mining Shovels industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Large Mining Shovels market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Large Mining Shovels Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Data Large Mining Shovels Market Segmentation:
By Type:
- Dragline Shovel
- Bucket Shovel
- Hybrid Shovel
By Power Source:
- Hydraulic Shovel
- Electric Shovel
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key Companies:
- JCB Ltd.
- Volvo Construction Equipment
- Hitachi Construction Machinery Co. Ltd.
- Caterpillar Inc.
- Komatsu Limited
- China National Coal Mining Equipment Co. Ltd.
- Sandvik AB
- Zhengzhou Coal Mining Machinery Group Co. Limited
- Metso Corporation
- Boart Longyear Ltd.
Key Questions Answered by Large Mining Shovels Market Report
· Product popularity and adoption based on various country-level dynamics
· Regional presence and product development for leading market participants
· Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
· Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
· number of employees and market concentration, among others
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