France Mining Equipment Market Size & Outlook, 2022-2030
France mining equipment market, 2018-2030 (US$M)
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France mining equipment market highlights
- The France mining equipment market generated a revenue of USD 1,091.4 million in 2022 and is expected to reach USD 1,511.6 million by 2030.
- The France market is expected to grow at a CAGR of 4.2% from 2023 to 2030.
- In terms of segment, surface mining equipment was the largest revenue generating equipment type in 2022.
- Underground Mining Equipment is the most lucrative equipment type segment registering the fastest growth during the forecast period.
Mining equipment market data book summary
| Market revenue in 2022 | USD 1,091.4 million |
| Market revenue in 2030 | USD 1,511.6 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Surface mining equipment |
| Fastest growing segment | Underground Mining Equipment |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Underground Mining Equipment, Surface Mining Equipment, Crushing, Pulverizing & Screening Equipment, Drills & Breakers |
| Key market players worldwide | Epiroc AB DR, Caterpillar Inc, China Coal Energy Co Ltd Class H, Komatsu Ltd, Liebherr Group, Metso Corp |
Other key industry trends
- In terms of revenue, France accounted for 0.8% of the global mining equipment market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 2,751.2 million by 2030.
Surface mining equipment was the largest segment with a revenue share of 36.58% in 2022. Horizon Databook has segmented the France mining equipment market based on underground mining equipment, surface mining equipment, crushing, pulverizing & screening equipment, drills & breakers covering the revenue growth of each sub-segment from 2018 to 2030.
In 2020, France had the tenth-largest economy in the world, according to the World Economic Forum. The current COVID-19 outbreak has caused ripples in the nation’s economic progress. According to the OECD, France’s economic recovery increased by 2.4% in 2021.
The COVID19 pandemic, the Russia-Ukraine war, supply chain bottlenecks, and high energy prices have all hindered economic growth in household investment in home furnishings such as maintenance, renovations, and the desire to buy quality products.
Aluminum, ferroalloys, silicon metals, and alumina are the key minerals mined in the country. The countries of the European Union (EU) imports of metals, nonferrous metals, metalliferous ores, and metal scrap. This is expected to fuel demand for mining equipment in the country over the forecast period.
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Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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France mining equipment market size, by equipment type, 2018-2030 (US$M)
France Mining Equipment Market Outlook Share, 2022 & 2030 (US$M)
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