The new report recognizes the following companies as the key players in the Global Coal Handling Equipment Market in Mining Industry: Atlas Copco AB, Caterpillar Inc., Hitachi Construction Machinery Co., Ltd. and Roberts and Schaefer.
Other Prominent Vendors in the market are: Aesha Conveyors and Crushing Equipment, Elecon EPC Projects, Fab 3R, GMV Projects and Systems, and Mitrays Industries.
Commenting on the report, an analyst from the report's team said: “One of the emerging trends in the market is the increased coal mining activity. The need for power has grown tremendously in developing countries, which has increased the demand for more coal to generate thermal power.”
According to the report, one of the major drivers in the market is the importance of coal as a preferred fuel for generating power, which has a huge market potential in countries such as China and India.
Further, the report states that one of the major challenges faced by the market is the depletion of coal reserves worldwide.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.