Global Cement Mining Equipment Market Analysis and Forecast 2019-2028

The global cement mining equipment market is expected to grow at a CAGR of around 4.5% during the forecast period of 2023-2028 and was valued at around US$ 120 billion in 2022.

An essential part of the cement manufacturing process is the cement mining equipment. One of the most popular building materials in the world, cement demand is always rising. Clinker is created by heating a mixture of limestone, clay, and other components at a high temperature. After being reduced to a fine powder, the clinker is combined with gypsum to make cement.

Cement is essential for infrastructure projects including roads, bridges, airports, and buildings. The necessity for greater cement production to support infrastructure development programs is directly related to the need for cement mining equipment. The necessity for mining equipment is subsequently fueled by the expansion of many regions’ metropolitan areas and populations.

Rising Consumption of Cement and Technological Advancements in Mining is Propelling Market Growth

Among the many industries and sectors that use cement in infrastructure, commercial, industrial, and residential. There is a demand for more cement because of the expanding cement consumption, which is fueled by population growth, construction activity, and economic growth. In turn, this raises the demand for mining machinery used in the production and extraction of cement.

Technological advancements in mining equipment have enhanced the effectiveness, productivity, and safety of cement mining operations. Manufacturers are releasing cutting-edge machinery that permits precise and automated extraction, lowering operational expenses, and increasing output. The industry’s focus on increasing operational effectiveness and minimizing environmental impact is what motivates the use of sophisticated mining equipment.

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Asia Pacific Dominating Global Cement Mining Equipment Market Growth

The major market for cement mining equipment in North America. Major players like Caterpillar, Komatsu, and Liebherr are present in the region, which is considered to be the reason for the market’s expansion in North America. The second-largest market for cement mining machinery in Europe. The rising need for cement in the construction of homes, roads, and bridges is responsible for the cement mining equipment market expansion in Europe. The region with the fastest projected growth for cement mining equipment is Asia Pacific. The need for cement in industrial and infrastructure building has increased, which has led to market expansion in the Asia Pacific region.

Market Structure and Competitive Landscape

The global cement mining equipment market is fragmented in nature with the presence of various players operating in the market.

Some of the prominent players operating in the cement mining equipment include Caterpillar, Komatsu, Liebherr, Metso, Sandvik, Terex, Wirtgen, Henan Baichy Machinery Equipment Co Ltd, Guangdong Leimeng Intelligent Equipment Group Co Ltd, Vipeak Mining Machinery Co Ltd, Boart Long Year Ltd, Epiroc among others.

These players are majorly regional players and maintain a healthy competitive environment. Following are some of the expansions of the cement mining equipment market:

• In February 2022: Boart Longyear’s introduced new LM deephole underground drilling rig, which offers a 50% increase in drilling depth, was announced in February 2022. The drill has a rod handler for increased safety and may be remotely operated via the DCiTM (Drill Control Interface).

Key Market Segmentation

RationalStat has segmented the global cement mining equipment market based on equipment type, application and region.

• By Equipment Type
  • Crushers
  • Conveyors
  • Feeders
  • Rotary Kiln
  • Tractors/Dozers
  • Motor Grader
  • Draglines
  • Wheel Loaders
  • Hydraulic Shovels
  • Drills
• By Application
  • Construction
  • Infrastructure
  • Manufacturing
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East & Africa

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.

Why Buy this Report?

The report is intended for cement mining equipment manufacturers, raw material suppliers, third-party distributors, construction industry players, government organizations, research institutes, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.

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