Middle East & Africa Mining Equipment Market is expected to expand at a CAGR of 5.60% during the forecast period.
The Industry insights of the report “Middle East & Africa Mining Equipment Market Outlook, 2027” helps with the successful launch of a new product. This market report efficiently collects, analyzes, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.
According to the research report, "Middle East & Africa Mining Equipment Market Outlook, 2027," published by Actual Market Research, the mining equipment market is forecasted to grow at a compound annual growth rate of 5.60% during the forecast period. The Middle East & Africa mining equipment market is segmented into three prominent countries, including the UAE, Saudi Arabia, and South Africa. Among these countries, Saudi Arabia is estimated to dominate the market with more than 35% market share by the end of the forecast period.
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According to the report, the Middle East and Africa mining equipment market is segmented into four equipment categories: crushing, pulverizing, and screening equipment; mineral processing equipment; surface mining equipment; and underground mining equipment. Among these categories, underground mining equipment is estimated to acquire nearly half of the market share during the forecast period.
Impact of Covid-19 on Middle East & Africa Mining Equipment Market:
The COVID-19 pandemic has impeded the overall growth of the mining machinery and equipment market in the Middle East and Africa region. The mining industry in the Middle East and Africa region has struggled with economic problems, but the COVID-19 outbreak was highly unpredictable. The sudden breakdown of day-to-day activities and strict lockdowns across many developing countries affected the market growth for the mining sector. However, changes in consumer preference and rising demand for valuable minerals and metals for diverse industries have propelled the overall market growth for mining equipment across the Middle East and Africa region.
Major Companies present in the market: Sandvik AB, Caterpillar Inc., Komastu Limited, Volvo Group, Liebherr Group, Hitachi Construction Machinery Co., Limited, EpirocAb, Sany Heavy Equipment International Holdings Company Limited, Doosan Infracore Co. Limited, Guangxi Liugong Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Xuzhou Construction Machinery Group (XCMG), Bharat Earth Movers Limited, J C Bamford Excavators Limited, Wirtgen Group, Mine Master Ltd, FIORI GROUP S.p.A., JSC, WackerNeuson Group, Equipment North Inc., RTM Equipment, Astec Industries, Inc., BELL Equipment, AARD Mining Equipment
Aspects covered in this report
• Middle East & Africa Mining Equipment market with its value and forecast along with its segments
• country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Countries covered in the report
• UAE
• Saudi Arabia
• South Africa
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