Italy Mining Equipment Market Size & Outlook, 2022-2030
Italy mining equipment market, 2018-2030 (US$M)
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Italy mining equipment market highlights
- The Italy mining equipment market generated a revenue of USD 1,357.9 million in 2022 and is expected to reach USD 1,814.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.7% 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 1,357.9 million |
| Market revenue in 2030 | USD 1,814.0 million |
| Growth rate | 3.7% (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, Italy accounted for 1.0% 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 47.98% in 2022. Horizon Databook has segmented the Italy 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.
According to the World Bank, the country’s GDP in 2021 was US 2.1 trillion. However, the breakout of COVID-19 has had a significant impact on the country’s economic progress. According to an economic prediction issued by the IMF, the nation’s gross domestic product decreased by 8.9% in 2020 and is projected to increase by 5.8% in 2021 and 4.2% in 2022.
Protracted supply constraints and sharply rising energy prices darken the near-term outlook. In the near future, diminishing purchasing power and consumer confidence are projected to impact real GDP growth, especially in the consumer services sector. In 2022 and 2023, investment spending growth is projected to decelerate but stay stable, as a result of actions included in Italy’s Recovery and Resilience Plan.
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Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy mining equipment market size, by equipment type, 2018-2030 (US$M)
Italy Mining Equipment Market Outlook Share, 2022 & 2030 (US$M)
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