Mining Equipment Market - Forecast(2019 - 2024)

Report Code: AIR 0263 Report Format: PDF + Excel (Delivery in 48 Hrs)
Mining Equipment Market Outlook:

Raw materials are the fundamental requirement for the development in any economy. The essentiality of an adequate supply of mineral raw materials across the global economies is the foremost driver of mining equipment market. The global mining equipment market size is estimated to be around $100 billion - $105 billion, growing at a global CAGR of 5% through 2025. Such affluence of mining equipment can be attributed to heavy industrial operations and unprecedented demand of raw minerals surfacing by means of industrialization and the necessity for an operative and well-functioning economy. 

Mining equipment market products comprises a range of tools from mining shovels to heavy machines such as trucks and dragline excavator. Profitability in this arcade is owing to the robust industrial demand of mineral fuels, iron, ferro-alloys, non-ferrous metals, precious metals, and industrial minerals. Apart from the demand by adjacent industries catering globalization, other factors such as favorable government policies, growth in mining-related end-use industries, and efficient automation technology are poising the mining equipment market towards exponential growth.

Mining Equipment Market Overview:

As per the International Organizing Committee for the World Mining Congresses, mineral fuels including coal accounted for 85.2% of total mining extraction in 2016[1]. The demand for coal dust has surfaced over the economy owing to the call for unparalleled present scenario of energy consumption. Due to this phenomenon, surface mining equipment segment is leading the domain consisting of tools such as hybrid shovels, excavators and earth movers. Metal (iron and ferro alloys) mining is leading the type segment owing to the enormous demand from vigorously growing sectors like automobile (with sales of 100 million automobiles per year) and construction (with majority of modern projects exploiting on steel structures instead of traditional concrete). APAC region is the largest producer of minerals accounting for 35% of global mining equipment market size in 2018 with China leading as the producer of 28 different mineral raw materials globally.

Global Mining Equipment Market Growth Drivers:

  • As per the World Mining Data by International Organizing Committee for the World Mining Congresses, the world mining production in 2016 was an astonishing 16.9 billion metric tons from a relatively low 11.3 billion metric ton in 2000. Such growths and developments in the preceding range of years very efficiently impersonates via acute analysis the more rapid progression and expansions designated to occur in the approaching years. Thus, such prompt rate of mining across the globe is impelled to stroke the market with abundant demand.
  • The World Bank’s intervention in the mining sector has drawn lavish investment from the private sector and attracted foreign investments as well in developing and economy deficient countries mining arcade[2]. Interventions by elite organizations such as International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD) has evolved the mining sector of countries such as Tanzania (US$250 million per year in 2001-08 from less than US$10 million per year in 1990-99), Argentina (US$56 million in 1995 to US$2.4 billion in 2008) and Mongolia (US$2.3 billion of total mineral exports in 2010 from US$267 million in 2000). Since 1998 the World Bank has reinforced 41 mining sectors. As the mining equipment market is directly relative to the global mining scenario, such aids are assured to propel the machineries market demand effectively.

Global Mining Equipment Market Challenges:

The environmental effect of mining comprises of erosion in the environment, formation of sinkholes, loss of biodiversity, and contamination of soil, groundwater, and surface water by chemicals from mining processes. Along with these mining environment is a host to coal dust, noise and UV exposure which has adverse effects on miners such as musculoskeletal disorders and thermal stress. But it is to be noted that this billion dollar arcade and its relevant associations are constantly directing regulations and promoting innovations and technological advancements to curb down these hazards.



Global Mining Equipment Market Key Players Perspective:

Some of the key players mentioned in this report are Caterpillar, Komatsu, Sandvik, Liebherr, Atlas Copco, CNH Industrial, Hyundai Heavy Industries, Kobelco, Metso, Terex, Volvo, Doosan, Hitachi, Sany and BEML.

Hitachi Heavy Industries is a dominant player in terms of hydraulic mining excavators. Its global dominance can be recognized by the fact that more than one-third of all hydraulic mining excavators working across the world are made by Hitachi. Some of its prominent models are EX1200-6, EX1900-6 and EX2600-6 with maximum dig reach of 50 ft. 4 inch, 50 ft. and 54 ft. 6 inch respectively.

Global Mining Equipment Market Trends:

Bharat Earth Movers Limited, now known as BEML, an Indian public sector undertaking, with headquarters in Bengaluru, India signed a memorandum of understanding (MoU) with Heavy Engineering Corporation Limited (HEC), a public sector undertaking in Ranchi, Jharkhand India to meet the growing requirements of mining industry. Under this MoU, BEML & HEC will syndicate their rich experience and expertise in manufacturing and marketing of heavy engineering and mining machinery. 

Mining Equipment Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Mining Equipment Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of equipment in the mining equipment market, and their specific applications in different phases of industrial operations.

Mining Equipment Market Report: Industry Coverage

Types of Equipment in Mining Equipment Market:

By Products- Coals, Metals and Industrial Minerals

By Operation Type- Crushing, Grinding, Separating and Final Processing

The mining equipment market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia
Reference:

[1]http://www.wmc.org.pl/sites/default/files/WMD2018.pdf
[2]http://www.worldbank.org/en/results/2013/04/14/mining-results-profile
1. Mining Equipment Market - Overview
1.1. Definitions and Scope
2. Mining Equipment Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Mining Equipment Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Mining Equipment Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Mining Equipment Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Mining Equipment Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Mining Equipment Market -Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Mining Equipment Market – By Method (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Surface Mining
8.3.2. Underground/ Sub-surface Mining
8.3.3. In-situ Mining
9. Mining Equipment Market – By Product (Market Size -$Million / $Billion)
9.1. Coal
9.2. Metals
9.2.1. Iron
9.2.2. Copper
9.2.3. Gold
9.2.4. Silver
9.2.5. Lead
9.2.6. Zinc
9.2.7. Others
9.3. Industrial Minerals   
9.3.1. Crushed Stone
9.3.2. Sand and Gravel
9.3.3. Potash
9.3.4. Soda Ash
9.3.5. Others
10. Mining Equipment Market – By Type (Market Size -$Million / $Billion)
10.1. Drills
10.1.1. Rotary Drills
10.1.2. Diamond Drills
10.1.3. Percussion Drills
10.1.4. Others
10.2. Blast Tools
10.3. Dig Tools
10.4. Ventilation
10.5. Dewatering
10.6. Transport
10.6.1. Diesel Powered
10.6.1.1. Trucks
10.6.1.2. Loaders
10.6.2. Electrical 
10.6.2.1. Conveyor Belts
10.6.2.2. Hoists
10.6.2.3. Load Haul Dump machines (LHD)
10.7. Crushing
10.8. Grinding
10.9. Separating
10.10. Final Processing
10.11. Others
11. Mining Equipment - By Geography (Market Size -$Million / $Billion)
11.1. Mining Equipment Market - North America Segment Research
11.2. North America Market Research (Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis 
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size
11.2.5.1. U.S.
11.2.5.2. Canada 
11.2.5.3. Mexico 
11.2.5.4. Rest of North America
11.3. Mining Equipment - South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis 
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size
11.4.5.1. Brazil  
11.4.5.2. Venezuela
11.4.5.3. Argentina
11.4.5.4. Ecuador
11.4.5.5. Peru
11.4.5.6. Colombia 
11.4.5.7. Costa Rica
11.4.5.8. Rest of South America
11.5. Mining Equipment - Europe Segment Research
11.6. Europe Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis 
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment Product type and Application Market Size
11.6.5.1. U.K  
11.6.5.2. Germany 
11.6.5.3. Italy 
11.6.5.4. France
11.6.5.5. Netherlands
11.6.5.6. Belgium
11.6.5.7. Spain
11.6.5.8. Denmark
11.6.5.9. Rest of Europe
11.7. Mining Equipment – APAC Segment Research
11.8. APAC Market Research (Market Size -$Million / $Billion)
11.8.1. Segment type Size and Market Size Analysis 
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment – Product type and Application Market Size
11.8.5.1. China 
11.8.5.2. Australia
11.8.5.3. Japan 
11.8.5.4. South Korea
11.8.5.5. India
11.8.5.6. Taiwan
11.8.5.7. Malaysia
12. Mining Equipment Market - Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships
13. Mining Equipment Market – Industry / Segment Competition landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Country- Top companies
13.1.2. Market Share by Region- Top 10 companies
13.1.3. Market Share by type of Application – Top 10 companies
13.1.4. Market Share by type of Product / Product category- Top 10 companies
13.1.5. Market Share at global level- Top 10 companies
13.1.6. Best Practises for companies
14. Mining Equipment Market – Key Company List by Country Premium
15. Mining Equipment Market Company Analysis
15.1. Market Share, Company Revenue, Products, M&A, Developments
15.2. BelAZ
15.3. Caterpillar
15.4. Sandvik AB
15.5. SCHOPF Maschinenbau GmbH
15.6. Atlas Copco
15.7. Cummins
15.8. J.C. Bamford Excavators Limited
15.9. Boart Longyear
15.10. Metso
15.11. Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
16. Mining Equipment Market -Appendix
16.1. Abbreviations
16.2. Sources
17. Mining Equipment Market -Methodology Premium
17.1. Research Methodology
17.1.1. Company Expert Interviews
17.1.2. Industry Databases
17.1.3. Associations
17.1.4. Company News
17.1.5. Company Annual Reports
17.1.6. Application Trends
17.1.7. New Products and Product database
17.1.8. Company Transcripts
17.1.9. R&D Trends
17.1.10. Key Opinion Leaders Interviews
17.1.11. Supply and Demand Trends