Market revenue in 2022 | USD 6,426.1 million |
Market revenue in 2030 | USD 9,311.7 million |
Growth rate | 4.7% (CAGR from 2022 to 2030) |
Largest segment | Underground 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 |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mining equipment market will help companies and investors design strategic landscapes.
Underground mining equipment was the largest segment with a revenue share of 42.06% in 2022. Horizon Databook has segmented the Mexico 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 International Monetary Fund’s (IMF) Economic Outlook, Mexico’s GDP growth rate dropped by 8.2% in 2020. This decline can be attributed to the nationwide lockdown implemented to limit the spread of COVID-19.
Mexico is a geographically critical location for outsourcing production activities as it is adjacent to the U.S., one of the major export destinations for component manufacturers. Furthermore, the ease of doing business, geographical proximity to the U.S., and supply source for distributors & retailers make it one of the most preferred locations for manufacturers.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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