Search results for: 'global mining'

14 Aug 2025  |  Global  |  Market Research

Mining Equipment Industry, Global, 2024-2030

Electrification, Automation, and Operational Intelligence are Driving Transformational Growth

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The mining equipment segment of the off-highway equipment industry has grown significantly in recent years, with a global market size of $62.23 billion in 2024. Frost & Sullivan projects a 2024-30 compound annual growth rate (CAGR) of 4.6%, reaching $81.58 billion in revenue by 2030. Factors driving industry growth include demand for critical miner...

26 Dec 2024  |  Global  |  Market Research

Construction and Mining Equipment Electrification Industry, Global, 2024-2035

Sustainability Targets are Driving Transformational Growth

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Electrification in the construction and mining industry has grown significantly in recent years, with the global market size of original equipment manufacturers reaching $241.2 billion in 2023. Unit sales in electric and hybrid models reached 59,909 units in 2023, and Frost & Sullivan projects a 16.5% compound annual growth rate (CAGR), reaching 37...

This research explores the powerful global forces that will reshape business, society, and technology over the coming decade, offering a holistic view of the megatrends redefining the future operating environment. These forces span geopolitical fragmentation, demographic divergence, technological acceleration, environmental pressures, and fundament...

28 Sep 2020  |  Global  |  Market Research

Digitization and New Business Models Powering the Global Construction and Mining Equipment Market, 2030

Convenience and Reduced Operational Costs Offered by Digital Services to Improve Equipment Utilization and Present Further Growth Opportunities

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The global equipment industry is impacted by growing digitalization trends, trends in the used and rental equipment market, and urbanization. Construction contractors are leaning towards deploying both used and rental equipment as opposed to purchasing brand new ones due to lack of funding and government subsidies, and the liabilities associated wi...

Increasing use of blockchain technology will go together with growing advances in the construction and mining industry, especially through digitisation and automation. Key trends such as digital transformation, the rise in automation, modern equipment systems, and proliferation of financial technology (fintech) are influencing equipment models and ...

17 Nov 2021  |  Global  |  Market Research

Profiles of the Top 5 Global Off-highway Equipment OEMs and Growth Opportunities

Digitization, Automation of Operations, and Growing Green Initiatives Drive OEMs to Enhance Product Offerings

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The off-highway equipment industry is becoming highly technology-oriented amid labor shortages, conditions arising from the COVID-19 pandemic, and increasing demand for productivity in agriculture, construction, and mining. These challenges drive market players to enhance their product portfolios with digitization, connectivity and telematics solut...

In this analysis, Frost & Sullivan covers the off-highway equipment industry, focusing on agriculture, construction, and mining applications. The geographic scope is global, including the United States, Europe (the European Union and the United Kingdom), Asia (China and India), Australia, Latin America, and the Rest of the World. The study period i...

PACCAR Inc is expected to increase its medium- and heavy-duty truck unit sales at a compound annual growth rate of 4.8% from 2016 to 2025, which will help it maintain its share of the global truck market. While rising unit sales will not be the key driver for sustained profitability, revenue from services such as telematics-based fleet management s...

Frost & Sullivan’s mobility team tracks the global commercial vehicle (CV) market to generate deep-dive analysis on the shift towards zero-emission buses and the implications of new technologies on the passenger transportation landscape of the future. The commercial mobility practice evaluates applications in the global transit and coach buses spac...