Mining Vehicle Attachments: Introduction
Mining vehicle attachments are specialized equipment attached to mining vehicles for various purposes, ranging from rock crushing, drilling and pulverizing to excavation. Mining vehicle attachments are a product of innovation, which provide a versatile range of functions while also offering great flexibility and durability. Mining activities often pose challenges in the form of confined spaces and remote locations where the use of traditional mining equipment is not feasible. Mining vehicle attachments can be customized, designed and installed as per required needs, and with the rise in mining activities and innovations, the mining vehicle attachments market is slated to register prominent growth in the coming years.
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Mining Vehicle Attachments Market: Segmentation
On the basis of industry, the global mining vehicle attachments has been segmented as:
- Coal mining
- Metal mining
- Mineral mining
On the basis of application, the global mining vehicle attachments has been segmented as:
- Underground mining vehicle attachments
- Surface mining vehicle attachments
On the basis of type, the global mining vehicle attachments has been segmented as:
- Rock drills
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Mining Vehicle Attachments: Regional Overview
The mining sector is one of the main drivers of economic growth in Venezuela, Chile and other Latin American countries. Hence, the Latin America region is expected to register the highest growth for mining vehicle attachments during the forecast period. Developing countries in Asia-Pacific such as China and India as well as Australia are witnessing a rise in mining activities with increasing demand for metal mining and coal mining projects. These factors will drive the growth of mining vehicle attachments in these region. With the rising demand for mining of metals such as lead, copper, nickel and zinc in the region, the mining vehicle attachments market in Asia Pacific will hold the largest market share during the forecast period. Growth in the number of iron ore mining projects in Russia and Africa will in turn drive the demand for mining equipment and mining vehicle attachments. The Middle East will register the least growth in the mining vehicle attachments market during the forecast period as there are no major mining ores present in the region; however, the construction sector, which is experiencing strong growth driven by innovative infrastructure projects, is expected to create significant demand for mining vehicle attachments. Europe is also slated to witness slow growth in the mining vehicle attachments market during the forecast period, while North America is estimated to exhibit low to moderate growth.
Global Mining Vehicle Attachments: Market Participants
Examples of some of the market participants in the global mining vehicle attachments identified across the value chain include:
- AB Volvo
- Atlas Copco UK Holdings Ltd
- Caterpillar, Inc.
- CNH Industrial N.V
- Hitachi Construction Machinery Co., Ltd.
- Hyundai Heavy Industries Co., Ltd
- JLG Industries, Inc.
- John Dheere
- Kleemann GmbH
- Liebherr-International AG
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Brief Approach to Research
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
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