Global Diesel-Mechanical Mining Shovel Market: Overview

The global diesel-mechanical mining shovel market is expected to reach a substantially large market size in 2027 and register a high CAGR over the forecast period. Industry analysis indicates that rising demand for diesel-mechanical mining shovels from end-use industries, such as construction and mining, is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period.

diesel-mechanical-mining-shovel-market-snapshot

A diesel-mechanical mining shovel is an equipment used for loading or digging rock or fragmented rock materials and for mining purposes. These shovels are used in the construction industry to demolish a building and carry concrete materials and dug-up earth to some other location. High capacity and strength of diesel-mechanical mining shovels drives their use in construction, mining, and agriculture sectors, wherein heavy loads are required to be lifted and carried from one place to another.

Global Diesel-Mechanical Mining Shovel Market: Dynamics

Significant growth in infrastructure development activities by governments of developing economies and rise in construction activities are expected to be major factors driving growth of the diesel-mechanical mining shovel market in these countries over the forecast period. In addition, increasing government investments in the diesel-mechanical mining shovel market and initiatives such as offering subsidies taken by governments of several countries worldwide are expected to boost the global diesel-mechanical mining shovel market growth over the forecast period. Manufacturers of diesel-mechanical mining shovels are continuously trying to develop and adopt better marketing strategies to gain a higher market share.

Global Diesel-Mechanical Mining Shovel Market: Regional Outlook

The Asia Pacific market is expected to account for the largest revenue share in the global diesel-mechanical mining shovel market over the forecast period, owing to growth in infrastructure development activities such as construction of bridges, roads, etc. in developing economies in the region such as India and China. Rapid urbanization in countries in the region such as India and China has led to growth in the construction of residential buildings. In addition, the primary occupation of individuals in most of the countries in Asia Pacific is agriculture. This is another factor boosting growth of the diesel-mechanical mining shovel market in the region, as these shovels are significantly employed in the agriculture sector. Growing mining activities in the Asia Pacific region are also projected to fuel growth of the market in the region over the forecast period.

diesel-mechanical-mining-shovel-market-snapshot

Major Players Operating in Global Diesel-Mechanical Mining Shovel Market:

  • Caterpillar
  • BelAZ
  • BEML
  • Hitachi
  • Komatsu
  • Liebherr
  • XEMC
  • HECL
  • Joy Global
  • OMZ
  • Taiyuan Heavy Industry

diesel-mechanical-mining-shovel-market-snapshot

Global Diesel-Mechanical Mining Shovel Market: Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Global Diesel-Mechanical Mining Shovel Market: Report Highlights

  • Detailed overview of the diesel-mechanical mining shovel market
  • Changing dynamics of the diesel-mechanical mining shovel market
  • Segmentation of the diesel-mechanical mining shovel market
  • Regional landscape of the diesel-mechanical mining shovel market
  • Evaluation of the diesel-mechanical mining shovel market based on the present and past data collected
  • Historical, present, and projected diesel-mechanical mining shovel market in terms of volume and value
  • Recent trends and developments in the diesel-mechanical mining shovel market
  • Competitive landscape of the diesel-mechanical mining shovel market
  • Strategies adopted by key players and products offered by them in the diesel-mechanical mining shovel market

Global Diesel-Mechanical Mining Shovel Market: Segmentation

This report consists of forecasts for the diesel-mechanical mining shovel market, in terms of revenue, at the global, regional, and country levels. The report comprises analysis of trends in each segment of the market for the period from 2020 to 2027. For this study, Reports and Data has segmented the global diesel-mechanical mining shovel market based on product type and end-use industry as follows.

By Product Type (Revenue, USD Million; 2017–2027)

By End-use Industry (Revenue, USD Million; 2017–2027)

  • Construction
  • Mining
  • Agriculture

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