Global Dragline Mining Shovel Market: Overview :

The global dragline 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 dragline 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.

dragline-mining-shovel-market-snapshot

A dragline mining shovel is a type of heavy machinery used for digging and loading of earth or fragmented rock. These are equipped with a bucket and a rope. Dragline mining shovels are widely used in the fields of civil engineering and Surface Mining. Rapid urbanization and increasing industrialization are key factors driving growth of the global dragline mining shovel market.

Global Dragline Mining Shovel Market: Dynamics

Rapid urbanization and industrialization across different parts of the world is a major factor driving growth of the global dragline mining shovel market, as urbanization and industrialization are greatly dependent on mining and energy sectors. In addition, increase in the number of infrastructure development projects, including construction of roads, railways, dams, and bridges, is another factor expected to boost the global dragline mining shovel market growth over the forecast period.

Global Dragline Mining Shovel Market: Regional Outlook

Based on region, the global dragline mining shovel market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is projected to account for the largest revenue share in the global dragline mining shovel market over the forecast period due to presence of major market players in the region. These key market players are engaged in the manufacture of high-end dragline mining shovels and are striving to develop better technologies to gain a higher market share. Revenues from the Asia Pacific market are expected to increase at a significantly high rate over the forecast period, due to rising demand for dragline mining shovels for use in construction applications and increasing investments in infrastructure development projects by governments of developing economies in the region, such as China and India. In addition, rapid pace of urbanization in developing economies in Asia Pacific has led to growth in the construction of residential buildings. This in turn is boosting growth of the dragline mining shovel market in the region.

dragline-mining-shovel-market-snapshot

Major Players Operating in Global Dragline Mining Shovel Market:

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

dragline-mining-shovel-market-snapshot

Global Dragline Mining Shovel Market: Regions Covered

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

Global Dragline Mining Shovel Market: Report Highlights

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

Global Dragline Mining Shovel Market: Segmentation

This report consists of forecasts for the dragline 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 dragline mining shovel market for the period from 2020 to 2027. For this study, Reports and Data has segmented the dragline 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
  • Others

REQUEST SAMPLE REPORT

Get Free Sample Report

REQUEST SAMPLE REPORT

REQUEST FOR CUSTOMIZATION

Tailor-make Your Research

REQUEST CUSTOMIZATION

Key questions answered by the report