India Mining Equipment Market | Analysis 2019-2031

India Mining Equipment Market Introduction

In the recent past, massive growth in population and increased rate of urbanization has increased the consumption rate of natural resources at a significant rate. To fulfill increased demand for natural resources and minerals & metals commodities the government of India has introduced several mining ordinances to accelerate the mining activities. This is attributed to encouraging mining companies to set up new mining project and increase their mining production capacity. This, in turn, will lead key mining companies to invest in autonomous and advanced mining equipment to meet regulatory compliance at hazardous locations. Mining equipment covers wide types of machinery such as crawler dozer, wheel dozers, excavators, dump trucks, wheel loaders, backhoe loaders, pipe layers, walking dragline, rope shovel, graders, off-highway dumpers, drilling equipment, exploration rig, crusher/screen, drilling rigs, and longwall equipment among others.

Market Dynamics

Introduction of supportive plans by the government of India to boost mining activities in the country is anticipated to boost the investment in fast-tracking mine development activity across the country. However, high initial investment and lack of mining equipment rental services in the country is projected to hinder the market growth over the forecast period.

Market Scope

The India mining equipment market analyzes major segments such as type and application. By type, the market is segmented into mining drills & breaks, mineral processing equipment, surface mining equipment, underground mining equipment, and others. Based on application, the market is segmented into coal mining, mineral mining, and metal mining. Region wise, the India mining equipment market is analyzed across North India, South India, East India, and West India.

India Mining Equipment Market Competitive Landscape

The prominent players in the India mining equipment market are inclined towards expanding their presence and distribution network to cement their position in the market. Further, these players are aimed at offering application-focused products and systems solutions to outperform competitors and maximize profit margin. Key vendors analyzed in the India mining equipment market are Eimco Elecon, Bharat Earth Movers Limited (BEML), Caterpillar, Atlas Copco, Terex, Komatsu, Tata Hitachi, Astec Industries, Volvo India, Wirtgen India, and Sandvik AB.

This research report on India mining equipment market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.