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The predicted growth for the coal handling equipment system market share in the mining industry from 2021 to 2026 is USD 2.25 billion at a progressing CAGR of 3.81%. Our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years. The coal handling equipment market in the mining industry report offers information on several market vendors, including AB Volvo, Caterpillar inc., CNH industrial NV, Deere and Co., Doosan infracore Co. Ltd., Elecon Engineering Co. Ltd., Epiroc AB, FEECO international inc., General Kinematics Corp., Hitachi Construction Machinery Co. Ltd., KBR inc., Komatsu Mining Corp., Liebherr international AG, N.M. Heilig B.V., RPM Solutions, Rubble Master HMH GmbH, Sandvik AB, SANY Group, Terex Corp., and Xuzhou Construction Machinery Group Co. Ltd. among others. Furthermore, this coal handling equipment system market in the mining industry forecast report extensively covers segmentation by:
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The increasing demand for coal from end-user industries in Southeast Asia, Africa, Russia, and Turkey is notably driving the coal handling equipment market growth in the mining industry, although factors such as a rise in the renewable sources of energy may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coal handling equipment market in the mining industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Coal Handling Equipment Market Driver in the Mining Industry
Key Coal Handling Equipment Market Trend in the Mining Industry
Key Coal Handling Equipment Market Challenge in the Mining Industry
This coal handling equipment market in the mining industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global coal handling equipment market in the mining industry as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coal handling equipment market in the mining industry during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the coal handling equipment market in the mining industry encompasses successful business strategies deployed by the key vendors. The coal handling equipment market in the mining industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The coal handling equipment market in the mining industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the coal handling equipment market in the mining industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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33% of the market's growth will originate from Europe during the forecast period. Germany and France are the key markets for the coal handling equipment market in the mining industry in Europe. Market growth in this region will be slower than the growth of the market in Middle East and Africa.
The increasing export of thermal coal will facilitate the coal handling equipment market in the mining industry growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 led to a further decline in coal production and consumption in the region. However, rising production activities in the region in 2021 are leading to an increase in the demand for electricity, which positively impacts the regional coal handling equipment market in the mining industry in focus.
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The coal handling equipment market share growth in the mining industry by the underground mining segment will be significant during the forecast period. The underground mining of coal is performed when coal deposits are more than 300 feet below the Earth's surface. The amount of coal recovered per unit volume of underground mines is very less compared with that of surface mines as columns and walls of coal are left untouched to prevent the collapse of coal mines. Underground mines expose mine workers to very high safety hazards. Thus, the level of mechanization and automation in underground coal mines is very high. Such benefits of using underground mining will drive the coal handling equipment market share growth in the mining industry during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the coal handling equipment market size in the mining industry and actionable market insights on post COVID-19 impact on each segment.
Coal Handling Equipment Market Scope in The Mining Industry |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.81% |
Market growth 2022-2026 |
$ 2.25 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.45 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 33% |
Key consumer countries |
US, China, india, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AB Volvo, Caterpillar inc., CNH industrial NV, Deere and Co., Doosan infracore Co. Ltd., Elecon Engineering Co. Ltd., Epiroc AB, FEECO international inc., General Kinematics Corp., Hitachi Construction Machinery Co. Ltd., KBR inc., Komatsu Mining Corp., Liebherr international AG, N.M. Heilig B.V., RPM Solutions, Rubble Master HMH GmbH, Sandvik AB, SANY Group, Terex Corp., and Xuzhou Construction Machinery Group Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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