North American mining equipment market is estimated to grow at a CAGR of 4.5% during the forecast period. Some pivotal factors accelerating the market growth include the rising minerals mining activities and rising adoption of advanced mining equipment in the region. The government initiatives is one of the factors accelerating the production of minerals in the region. For instance, in July 2020, the US House of Representatives introduced a bipartisan caucus which is intended to target ways to augment domestic manufacturing of specialized minerals that are utilized for the production of cell phones, missiles, and other high-tech equipment. The rising number of US technology firms have increased the demand for minerals, however, worsening US relation with China could reduce minerals exports to the US. Therefore, the US government is actively focusing on increasing minerals production in the country, which, in turn, will further drive the adoption of mining equipment that occupies a major position in the process of mining and evaluates the performance of extraction and processing operations of minerals.
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The market study of the North American mining equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North American Mining Equipment Market-Segmentation
By Type
- Surface Mining Equipment
- Mineral Processing Equipment
- Underground Mining Equipment
By Application
- Coal Mining
- Metal Mining
- Non-Metal Mining
North American Mining Equipment Market– Segment by Country
- US
- Canada
The Report Covers
- Comprehensive research methodology of the North American mining equipment market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American mining equipment market.
- Insights about market determinants which are stimulating the North American mining equipment market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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