The latest market analysis report titled Surface Mining Equipment Market Size, Share, Trends, Analysis and Forecasts by Region, Type, Commodity Type, and Segment Forecast 2021-2026 has been added to the report stored by GlobalData Plc. The surface mining equipment market growth will be driven by various factors like growth in iron ore production and an increase in focus toward autonomous solutions. The use of automation solutions to enhance productivity and efficiency is projected to positively aid the market growth of autonomous surface mining equipment. Currently, many mines use automated equipment for excavation, drilling, milling, hauling, and crushing. This trend is estimated to step into a new round of development with the adoption of autonomous solutions such as autonomous haulage systems and loaders.
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Surface Mining Equipment Market Segment Highlights
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Surface Mining Equipment Market Vendor Landscape
The overall competitive landscape for the surface mining equipment market is partially consolidated with Caterpillar and Komatsu emerging as industry leaders. Both companies have a strong presence across key regions with broad portfolios covering all equipment types.
Top Surface Mining Equipment Market Vendors
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