Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on the overall performance of the vehicle. Contemporary mining vehicle AC kits ensure thermal comfort for vehicle occupants across a wide range of temperatures. The air condition system of any vehicle is an integral factor that influences consumer purchasing behavior.
The global mining vehicle AC kits market is estimated to reach a valuation of around US$ 2 Bn by 2032, exhibiting growth at a CAGR of 3% – 5% during the forecast period (2022-2032). Rapid expansion of mining industry and need for proper cabin space in mining equipment is underpinning the growth in the market.
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Mining Vehicle AC Kits Market: Dynamics
The global mining vehicle AC kits market is highly dependent on the mining industry outlook around the globe. The mining industry is dynamic in nature, and its fluctuation depends upon the performance of various end-use sectors. This makes the mining industry correlated with the overall global economic scenario. The mining vehicle AC kits market has been witnessing slow economic growth, due to political turmoil and growing protectionism, which lead to a decline in mining activities and related markets.
Mining Vehicle AC Kits Market: Regional Outlook
Geographically, the mining vehicle AC kits market has been segmented into eight regions: Western Europe, Eastern Europe, Middle East and Africa, North America, Latin America and the East Asia Pacific, South Asia and Oceania. During the forecast period, Europe is expected to hold a major share in the global mining vehicle AC kits market and remain prominent, owing to the existing fleet of large mining equipment, sales of mining vehicles and increased focus of mining companies towards increasing production capacity in this region. Asia Pacific is expected to exhibit high growth in the mining vehicle AC kits market, owing to the increasing demand for energy from rapid industrialization in the economies of South East Asia, such as Indonesia, India, Bangladesh, and Vietnam. The rest of the world is estimated to account for a relatively small share of the mining vehicle AC kits market.
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Mining Vehicle AC Kits Market: Market Participants
Some of the examples of market participants operating across the value chain of the global mining vehicle AC kits market are:
- Robert Bosch GmbH
- The DC Airco Company BV
- ZF Friedrichshafen AG
- Hammond Air Conditioning Ltd.
- HELLA GmbH & Co. KGaA
- ATC
- Red DOT Corporation
- Global Air, Inc.
- Subros Limited
- DENSO
- Lyons Air Conditioning
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K., Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Mining Vehicle AC Kits Market: Segmentation
Based on equipment type, the mining vehicle AC kits market can be segmented as:
- Crushing, pulverizing, and screening equipment
- Drills & breakers
- Mineral processing equipment
- Surface mining equipment
- Dozers
- Excavators
- Motor graders
- Rigid dump trucks
Based on operation, the mining vehicle AC kits market can be segmented as:
- Surface mining equipment
- Underground mining equipment
Based on sales channel, the mining vehicle AC kits market can be segmented as:
- OEM (Original Equipment Manufacturing)
- Aftermarket
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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