Research and Markets has announced the addition of the "Growth Opportunities in the Global Mining Equipment Industry 2016-2021: Trends, Forecast, and Opportunity Analysis" report to their offering.

Growth Opportunities in the Global Mining Equipment Industry: Trends, opportunities and forecast in this market to 2021 by product (surface mining equipment, underground mining machinery, drills and breakers, crushing, pulverizing, screening equipment, mineral processing machinery, and parts and attachment), application (metal, mineral, and coal), by region (North America, Europe, Asia Pacific, Rest of the World).

The future of the global mining equipment industry looks good with opportunities in the surface and underground mining segment. The global mining equipment industry is expected to reach an estimated $80.8 billion by 2021, and it is forecast to grow at a CAGR of 2.3% from 2016 to 2021. The major drivers of growth for this industry are increasing coal and metal exploration and growth in manufacturing activities.

Emerging trends which have a direct impact on the dynamics of the industry include the development of underground automation systems, the introduction of automatic power crushers and multi-functional excavators, the use of hybrid electric motors, rail-veyor technology for bulk material haulage solutions.

Within the global mining equipment industry, the surface mining equipment segment is expected to remain the largest market. The shift of mining operations to geographical terrain is the major factor that would spur growth for this segment over the forecast period. Surface mining is more prevalent, due to increasing adoption of mining techniques like strip mining and open pit mining.

APAC is expected to remain the largest market due to increasing coal and metal exploration activities for power generation and rising metal consumption due to large scale infrastructure development.

Key Topics Covered:

1. Executive Summary

2. Industry Background and Classifications

3. Industry Trends and Forecast Analysis

4. Competitor Analysis

5. Growth Opportunities and Strategic Analysis

6. Company Profiles of Leading Players

Companies Mentioned

  • Atlas Copco
  • Caterpillar Inc.
  • Hitachi Construction Machinery Co.
  • Joy Global Inc.
  • Komatsu ltd

For more information about this report visit http://www.researchandmarkets.com/research/sm8pwt/growth