What is Mining Excavators Market Scope?
Mining excavators are the giant machines that are intended for the mining applications. Increase in demand for metals and commodities around the United States fueling the growth of the market. However, growing market for used mining excavators hampers the growth of the market. Moreover, autonomous mining excavators are expected to open lucrative opportunities for the market during the projected period.
The Mining Excavators market study is being classified by Type (Standard Excavator, Dragline Excavator, Backhoe Excavator and Hydraulic Shovels), by Application (Surface Mining and Sub-surface Mining) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of United States Mining Excavators market throughout the predicted period.
Terex (United States), Volvo Construction Equipment (United States), Caterpillar (United States), Komatsu (Japan), BEML (India), XCMG (China), LiuGong (China), Demag (Germany), Liebherr (Switzerland) and Hitachi (Japan) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of United States Mining Excavators market by Type, Application and Region.
On the basis of geography, the market of Mining Excavators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 15 Jan 2020, VOLVO'S largest excavator, the EC950F, now available in North America. The 100- ton (90-tonne) EC950F crawler excavator from Volvo Construction Equipment (Volvo CE) offers the perfect combination of power and stability to handle high capacity in the toughest applications. and On 16 April 2018, The first 700-ton hydraulic excavator from XCMG, the world's leading construction machinery manufacturer, has rolled off the company's advanced assembly line in Xuzhou, China, heralding a new era for Chinese heavy equipment manufacturing. The successful development and production of the new XE7000E makes China the fourth country in the world to have the capability of producing 700-ton excavators after Germany, Japan and the U.S.
On 5 June 2019, Liebherr USA, Co. Mining Equipment Division has added American State Equipment to its dealer network. American State holds the distinction of being the longest tenured Liebherr equipment dealer in the US. The company will serve Michigan, Minnesota, Wisconsin, and parts of Illinois and Indiana.
Influencing Market Trend
- Smart Technology in Mining Excavator
- Increase in Demand for Metals and Commodities around the United States to Boost the Demand for Mining Equipment
- Upcoming Emission Regulations to Boost Advancements in Engine and Exhaust Technologies
- Autonomous Mining Excavators to Have a Major Impact during the Forecast Period
- Growing Market for Used Mining Excavators
- Environmental and Human Rights Concerns
Key Target AudienceMining Excavators Manufacturers, Mining Excavators Traders/Distributors, Mining Excavators Importer/Exporter, Regulatory & Government Bodies, Upstream & Downstream Vendors, End Users and Others
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