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Fior Markets launched a study titled “Coal Handling Equipment Market by Type (Material Handling, Crushing Equipment), Application (Underground Mining, Surface Mining, Coal Processing),Region” and Global Forecast 2019-2026.

The global coal handling equipment market is expected to grow from USD XX million in 2018 to USD XX million by 2026 at a CAGR of XX% during the forecast period from 2019-2026. The electrification of mining equipment, developments in carbon capture and storage (CCU), R&D initiatives, and growing demand for power generation in emerging economies are the drivers lifting the demand of the market.

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Type segment includes material handling and crushing equipment. The material handling segment is further divided into belt conveyor, screw conveyor, and bucket elevators. The crushing equipment held the highest market size in the market owing to stationary demand for power generation in upcoming years. However the material handling segment is anticipated to grow with the highest growth rate due to the high technological advancement and increasing efficiency requirements.

Application segment covers underground mining, surface mining, and coal processing. The underground mining segment will account for the highest market share in the mining industry due to the increasing adoption of electric coal handling equipment in underground coal sites. The underground extraction method is widely used for coal extraction in developing countries such as India and China.

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Regional Segmentation Analysis:

The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific region held the largest market share in the market. Asia Pacific is fastest growing region due to the increasing mining industry, government initiatives to promote renewable power generation sources, and investments in coal mines.

Competitive Analysis:

The major players of market include are Caterpillar, Inc., Hitachi Construction Machinery Co., Ltd., Terex Corp., Aesha Conveyors & Crushing Equipment, Universal Engineering & Equipment Manufacturers, Eriez Manufacturing Co., GMV Projects and Systems, Elecon EPC Projects Ltd., Mitrays Industries, Atlas Copco, Roberts & Schaefer, General Kinematics Corporation, Komatsu Ltd., Sandvik AB, Magnetool, Inc., Mineral Products, Inc., CDM Systems, Inc., and others. The Caterpillar, Inc., Hitachi Construction Machinery Co., Ltd., Terex Corp., Aesha Conveyors & Crushing Equipment, and GMV Projects and Systems are the top leading players of the market.

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