European mining equipment market is estimated to grow at a CAGR of 3.8% during the forecast period. The significant presence of mining companies and focus on coal production are some factors driving market growth. As per the Eurostat, in 2017, there were 17,500 enterprises involved in mining and quarrying in the EU. As per the European Association of Mining Industries, Metal Ores & Industrial Minerals (Euromines), aluminium production in the UK increased from 46,000 tons in 2016 to 48,000 tons in 2017. In Germany, aluminium production increased from 546,800 tons in 2016 to 550,000 tons in 2017. Significant rise in minerals mining is attributing to the demand for mining equipment in the region that occupies a major position in the process of mining and evaluates the performance of extraction and processing operations of minerals. 

Based on the country, the market is classified into the UK, Germany, France, Spain, Italy, and the Rest of Europe. In Germany, Industry association VDMA Mining predicts a record year sales of mining equipment manufacturers of Germany in 2019. This may result due to the growth in minerals mining in the country. The country has a significant production of aluminium, feldspar, kaolin, salt, and others. This, in turn, is accelerating the demand for specialized underground mining equipment including loaders, diggers, and trucks are utilized to excavate raw materials.

Some key players in the market include Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Doosan Corp. Partnerships and collaborations and product launches are some key strategies adopted by the market players. For instance, in February 2020, FLSmidth received an order from Slavkaliy for delivering equipment to a new potassium mining and processing facility in Belarus. The company will deliver liquid-solid separation equipment islands to Slavkaliy for a new facility in the Nezhinsky area of the Starobinskoye potassium salt deposits in Belarus. The liquid-solid separation equipment islands comprise a significant number of thickener and clarifier, pan- and horizontal belt filter packages.

Research Methodology

The market study of the European 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.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Mining Equipment Market Research and Analysis by Type
2. European Mining Equipment Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the European 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 European mining equipment market.
• Insights about market determinants which are stimulating the European mining equipment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players