Electric Shovel Market Is See Incredible Growth During 2031

A study by Fact.MR shows a significant growth in demand for electric shovels in the year 2021. The demand for electric shovels is anticipated to increase once the COVID-19-induced slowdown staves off.

In a recent report, Fact.MR examines the global sales of electric shovels from 2016 to 2020. A forecast for the year 2021-2031 is provided in this report. Growth is likely to be most promising across such key regions as the U.S, Europe and China.

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Market Segmentation

The global market is segmented on the basis of product, load capacity and applications.

Based on product, the global market is segmented as:

  • Wheeled Electric Shovel
  • Tracked Electric Shovel

Based on load capacity, the global market is segmented as:

  • Less than 20MT
  • 21MT – 50MT
  • 51MT – 100MT
  • More than 100MT

Based on application, the global electric shovel is segmented as:

  • Mining
    • Coal Mining
    • Metal Mining
  • Construction
  • Others

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

The Electric Shovel Report Covers Exhaustive Analysis On:

Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • East Asia (Japan, China, South Korea)
  • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
  • Oceania (Australia, New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

    Electric Shovel Competitive Landscape
    Prominent players in the market are as follows:

    • Caterpillar
    • Komatsu Mining Corp.
    • L&H Industrial
    • Taiyuan Heavy Industry Co., Ltd.
    • SRB Group
    • SANY
    • IZ-KARTEX
    • P&H Mining
    • Hitachi Construction Equipment
    • Liebherr Group

    The research report presents a comprehensive assessment of the electric shovel and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

    It also contains projections using a suitable set of assumptions and methodologies.

    The report provides analysis and information according to market segments such as product type and end user.

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