MINING EQUIPMENT MARKET ANALYSIS

Regional Analysis

Global Mining Equipment Market: Regional Insights

North America among regions is projected to show significant growth in the global mining equipment market during the forecast period. This can be attributed to growing demand for silver and gold in the U.S. and Canada. The U.S. is one of the major producer of oil, coal, and other metals. The demand for minerals and metals is growing in various industries in this regions, such as construction, manufacturing, and automotive. Moreover, mining activities are also increasing, which is leading to use of mining machinery. Along with this, the mining sector in Canada is showing strong growth, which is also expected to support growth of the global mining equipment market across North America region.

Furthermore, Asia Pacific is also projected to gain robust growth in the global mining equipment market during the forecast period, owing to rise in demand for metals such as nickel, bauxite, and copper in the region. Along with this, rise in demand for precious metals and minerals such as diamond, silver, gold, and platinum is leading to growing need for mining equipment in Asia Pacific, Thus, these factors are anticipated to boost growth of the market across this region.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa