Mining Machinery Market

Mining Machinery Market by Category (Crushing, Pulverizing, and Screening, Mineral Processing, Surface & Underground), Application, Propulsion, Power Output, Electric Machinery (Mining Truck, LHD), Autonomous Machinery and Region - Global Forecast to 2025

Report Code: AT 6792 Nov, 2020, by marketsandmarkets.com

Mining Machinery Market

The various definitions of mining machinery/equipment, as provided by key stakeholders, are mentioned below:

  • Liebherr defines mining machinery as large machines used for the extraction of raw materials in open-cast mining environments.
  • As stated by GreatMining, surface mining is a form of mining in which the soil and the rock covering mineral deposits are removed. On the other hand, in underground mining, the overlying rock is left behind, and the required mineral deposits are removed through shafts or tunnels

Drivers

  • Increasing use of electric machinery in underground mining
  • Increase in demand for metals and commodities

Restraint

  • Export of used mining machinery to developing countries

Top 10 Players:


  • Caterpillar Inc. - Caterpillar Inc. was founded in 1925 and is headquartered in Illinois, US. It designs, manufactures, markets, and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It also sells financial products and insurance. The company manages its heavy mining equipment business through its Resource Industries business segment. Resource Industries also develops and sells technology products and services to provide customers fleet management systems, equipment management analytics, and autonomous machine capabilities.
  • Komatsu Ltd. – Komatsu Ltd. was founded in 1921 and is headquartered in Tokyo, Japan. The company has a global presence and manufactures and sells construction and mining equipment, utilities, forest machines, and industrial machinery. It operates in two major business segments, namely, Construction, Mining, & Utility Equipment and Industrial Machinery & Others. Its heavy construction equipment business falls under the Construction, Mining & Utility Equipment segment. Komatsu had approximately 62,823 employees as of 2019.
  • Sandvik AB – Sandvik AB was established in 1862 and is headquartered in Stockholm, Sweden. The company has business segments include Mining, Engineering, Energy, Automotive, Construction, Aerospace, and Other (Sandvik Drilling and Completions). Mining equipment is offered by the Sandvik Mining and Rock Technology business unit. The company offers various products and services for surface and underground mining. Its product portfolio includes underground drill rigs and bolters, surface drill rigs, crushers, trucks, and rock tools. Its Mining and Rock Excavation business unit offers machinery for rock drilling, rock cutting, crushing and screening, loading and hauling, tunneling, quarrying and breaking, and demolition.
  • Epiroc AB - Epiroc AB, was a part of the Atlas Copco Group, founded in 1873, until June 18, 2018 and was distributed to the shareholders of Atlas Copco and listed on the stock exchange. It is headquartered in Nacka, Sweden. The group’s business is divided into two segments, namely, Equipment & Service and Tools & Attachments. The Equipment & Service segment has further five divisions namely, Drilling Solutions, Underground Rock Excavation, Surface and Exploration Drilling, Mining and Rock Excavation Service, and Rocktec. The company had a workforce of approximately 14,268 employees as of 2019. Its key competitors are Caterpillar Inc., Komatsu Ltd., and Liebherr-International AG.
  • Doosan Corporation - Doosan Corporation was established in 1896 and is headquartered in Seoul, South Korea. Doosan has a presence in 38 countries across Asia, Europe, North America, and South America. It operates through the following business divisions, namely, Electro-Materials BG, Mottrol BG, Industrial Vehicle BG, Doosan Digital Innovation BG, DHC, DI, DEC, and Others. Mining equipment is offered by DI (Doosan Infracore). It offers wheeled excavators, wheeled loaders, articulated dump trucks, mini excavators, and crawler excavators. The company also focuses on future mining concepts. Doosan Infracore implements its Concept-X project at construction and mining sites by integrating technologies related to ICT (Information and Communications Technology) and AI (Artificial Intelligence). Doosan faces strong competition from key players in the Asia Oceania region such as Komatsu Ltd., Hitachi Construction and Machinery Co., Ltd., Sany Heavy Equipment International Holdings Company Limited.
  • Liebherr
  • Volco AB
  • Hitachi Construction Machinery Co., Ltd.
  • Sany Heavy Equipment International Holdings Company Limited
  • JCB

Other Regional Players:

  • Guangxi Liugong Machinery Co., Ltd.
  • Kobelco Construction Machinery Co., Ltd.
  • Sumitomo Heavy Industries
  • Xuzhou Construction Machinery Group (XCMG)
  • Bharat Earth Movers Limited
  • Mine Master Ltd
  • Wirtgen Group
  • FIORI GROUP S.p.A.
  • JSC
  • Wacker Neuson Group
  • Equipment North Inc.
  • RTM Equipment
  • Astec Industries, Inc.
  • BELL Equipment
  • AARD Mining Equipment

Top Segments


  1. Mining Machinery, By Category
    • Crushing, pulverizing, screening machinery
    • Mineral processing Backhoe Loader
    • Surface mining machinery (crawler excavators, crawler dozers, motor graders, rigid dump trucks, and articulated dump trucks)
    • Underground mining machinery (electric shovels, hydraulic excavators, wheeled loaders, mining dozers, mining trucks, and drills)
  2. Autonomous Mining Machinery, By Mining Category
    • Surface mining
    • Underground mining
  3. Electric Mining machinery, By Type
    • Mining Truck
    • LHD
  4. Electric Mining machinery, By Battery Type
    • Lithium-ion
    • Lead-acid
    • Others (lithium-ion phosphate, lithium titanite oxide, lithium manganese oxide, nickel-metal hydride, and solid-state battery)

[225 Pages Report] The global mining machinery market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market.

Mining Machinery Market

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COVID-19 IMPACT ON MARKET

As this virus continues to spread rapidly at a global level, countries across the world are trying to prevent further contagion by taking measures such as social distancing, contact tracing, self-quarantining, surveillance, communication, and testing. So far, China, Japan, and Singapore have managed to flatten the curve, while the US, India, and Brazil are imposing drastic measures to slow down the spread and control fatalities. Mining machinery manufacturers have seen massive changes in their business operations because of the COVID-19 crisis. Komatsu Ltd., a prominent player in the market, worked on global cross-sourcing and procurement of finished vehicles and parts to absorb the impact of changes in market demand and foreign exchange rates. The company also planned to halt production at some manufacturing plants.

South Korea has already witnessed a second wave of COVID-19; a second wave in other countries could further impact the growth of the mining machinery market until a vaccine is developed.

Market Dynamics

DRIVER: Increasing use of electric machinery in underground mining

The use of diesel engines in underground mining machinery generates noise, heat, and fumes that can make already uncomfortable working conditions even more so. Also, proper ventilation needs to be ensured while using diesel operated mining machinery. The use of battery-operated or electric mining machinery ensures safer working conditions through zero exhaust and low operational costs. It solves the ventilation problem in underground mines. For instance, the use of battery-driven underground loaders leads to cleaner air, less noise, and less heat. Other batteries can be swapped with high-energy density batteries to ensure continuous underground mining. In tough underground environments, the operator can work in a quiet, ergonomically designed cabin with easy and safe access to all service points, thus not causing harm to the operator’s health. Zero emissions also ensure reduced ventilation costs.

RESTRAINT: Export of used mining machinery to developing countries

The use of new mining machinery is based on investments in the mining industry, which, in turn, depends on the global economic scenario. Developing countries such as South Africa, Argentina, and Peru, to name a few, generally opt for used mining machinery since they have a reliable life cycle if maintained properly. Such machinery is exported to South America, the Middle East & Africa, and South East Asian countries from developed economies in North America and Europe, for a lower price compared to new mining machinery. This is expected to hinder the sales of new mining machinery.

OPPORTUNITY: Use of telematics in mining machinery

The use of telematics in the mining industry has proven to be a game changer. Internet of things (IoT) sensors provide feedback to the fleet manager, which ensures lower downtime due to malfunctions and helps plan maintenance activities. With an increasingly competitive environment across all industries, companies are constantly looking for process optimization, which, in turn, has increased the demand for automation in the mining industry. Drones are being used for exploration and surveillance of mines. Drones ensure that areas are clear before blasts, track post-blast fumes, and improve the overall safety of sites. BHP (Australia) has been using drones at its Australian mines for surveillance. Automation and teleoperation systems in the mining industry significantly improve productivity and safety. Thus, sales of new mining machinery synced with telematics solutions are expected to drive the mining machinery market.

CHALLENGE: COVID-19 Impact: Decline in mining machinery sales

The ongoing impact of the COVID-19 pandemic on the mining sector remains uncertain; with every passing day, the crisis is adversely affecting the demand for commodities and supply chains. Significant price drops were observed across major commodities, while in some cases, prices remain passive. For example, demand for metallurgical coal and thermal coal has decreased, while demand for gold and iron ore has increased. With the rising COVID-19 cases all over the globe, the market growth for mining has remained slow as mining companies do not have permission to operate their mines with their full labor strength. The current market scenario projects that recovery of the mining industry would take approximately 2-3 years. With slowing mining activities worldwide, the industry has witnessed a decline in mining machinery sales as well.

Mining Machinery Market

Mining trucks segment, by underground mining machinery market, is projected to be the largest market during the forecast period

Mining trucks segment is projected to be the largest segment of the underground mining machinery market. It is projected to surpass USD 10 billion by 2025. The requirement of mining trucks is high as they are used to move dirt, minerals, metals, and coal. In underground mining, diesel machinery generates dangerous fumes that are harmful to operators. Hence, according to industry experts, underground mining machinery electrification is more likely to take place compared to surface mining machinery. Other underground mining machineries such as mining dozers and hydraulic excavators are also more likely to be electrified during the forecast period.

Diesel segment is projected to be the largest market during the forecast period

The key factors driving the growth of the mining machinery market are the availability of diesel fuel, the power output, and output ratio. Presently, mining companies are using diesel-operated machinery for surface mining while alternate fuel operated/hybrid machinery is predominant in underground mining. The large number of surface mines around the globe have driven the diesel market, by propulsion. The diesel segment, in terms of value, is anticipated to dominate the market throughout the forecast period, owing to the high torque at low speed offered by diesel. Therefore, for a given volume, it produces more energy compared to gasoline. At the idle speed, diesel engines use very less fuel. Hence, diesel is the most commonly used fuel in mining machinery.

The mineral segment to hold the largest market share during the forecast period

The mineral segment is the largest and is projected to grow at a CAGR of 4.33% during the forecast period. While most minerals include metals in their chemical formulation, some minerals are pure metals such as gold, silver, and copper. Barite, limestone, several semi-precious gem deposits, as well as other industrial mineral deposits, are present across the Asia Oceania region. The region is thus speculated to drive the mineral mining machinery market; however, collectively, both the Americas are expected to be the largest market.

Asia Oceania is projected to be the largest market throughout 2025

Asia Oceania is estimated to account for the largest share of the mining machinery market, by value, in 2020. The region is projected to be the fastest-growing market for mining machinery because of its abundant deposits and increasing commodity prices. According to the World Coal Association, China, India, the US, Indonesia, and Australia are the top 5 coal producers in the world. The demand for coal would be supported by robust growth in major Asian markets. Global trends would largely depend on China, where half of the world’s coal is produced and consumed. Backed by rapid developments in China and India, Asia Oceania offers a great opportunity for the growth of the mining machinery industry.

Mining Machinery Market  by Region

Key Market Players

Caterpillar Inc. (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), Doosan Corporation (South Korea). These companies developed new products; adopted expansion strategies; undertook agreements, partnerships, and supply orders; and used acquisitions to gain traction in the mining machinery market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD Million)

Segments covered

By Category (Crushing, Pulverizing, and Screening, Mineral Processing, Surface & Underground), Application, Propulsion, Power Output, Electric Machinery (Mining Truck, LHD), Autonomous Machinery and Region

Geographies covered

Asia Oceania, Europe, North America, South America, and Middle East & Africa

Companies covered

Caterpillar Inc. (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), Doosan Corporation (South Korea).

The study categorizes the mining machinery market based on category (crushing, pulverizing, and screening, mineral processing, surface & underground), application, propulsion, power output, electric machinery (mining truck, LHD), autonomous machinery and region

By Category

  • Crushing, pulverizing, screening machinery
  • Mineral processing Backhoe Loader
  • Surface mining machinery (crawler excavators, crawler dozers, motor graders, rigid dump trucks, and articulated dump trucks)
  • Underground mining machinery (electric shovels, hydraulic excavators, wheeled loaders, mining dozers, mining trucks, and drills)

By Propulsion

  • Diesel
  • CNG/LNG/RNG

By Application

  • Mineral
  • Metal
  • Coal

By Power Output

  • <500 HP
  • 500-2,000 HP
  • >2,000 HP

Autonomous Mining Machinery, By Mining Category

  • Surface mining
  • Underground mining

Electric Mining machinery, By Type

  • Mining Truck
  • LHD

Electric Mining machinery, By Battery Type

  • Lithium-ion
  • Lead-acid
  • Others (lithium-ion phosphate, lithium titanite oxide, lithium manganese oxide, nickel-metal hydride, and solid-state battery)

By Region

  • Asia
  • Europe
  • North America
  • South America
  • Middle East & Africa

Recent Developments

  • In September 2020, The new Cat 963 crawler loader replaced the 963K loader. It is a versatile machine that can dig, load, carry, and fill. It provides up to 10% higher fuel efficiency, productivity, and cab and controllability enhancements. The 963 meets US EPA Tier 4 Final/EU Stage V emission standards. It has 202 HP (151 kW) power and an operating weight of 44,881 lbs (20 358 kg).
  • In September 2020, Sandvik revealed its AutoMine Concept vehicle which is based on the latest technologies and equipped with completely new sensing capabilities and artificial intelligence to enhance mining operations. The AutoMine Concept perceives its surroundings and environment in 3D and reacts to it in real-time.
  • In July 2020, Komatsu announced plans to rebrand its underground hard rock equipment, surface wheel loaders, and new range of blasthole drills to reflect the company’s united focus on growth in these areas. It introduced a few products during its rebranding. The first rebranded product, the Komatsu ZT44 track drill, was launched at CONEXPO-CON/AGG 2020 in Las Vegas in March 2020. Rebranding as Komatsu, all surface wheel loaders, new blasthole drills, and all underground hard rock equipment, expands the Komatsu brand in mining.
  • In May 2020, Caterpillar added a new platform, MineStar Edge, to augment the Cat MineStar Solutions suite of technologies. MineStar Edge offers an operational ecosystem for mining companies. Rather than storing data in individual silos, Edge enables managers to see how activities early in the process impact the value chain. MineStar Edge also leverages cloud computing and recent technology advancements such as data fusion, machine learning, and artificial intelligence. It is expected to continue to grow as it collects data, identifies patterns, and learns to make decisions.
  • In May 2020, Epiroc received an order from Codelco for the supply of underground loaders, face drill rigs, rock bolting rigs, and mine trucks, as well as several years of technical support and training, for use at the Chuquicamata underground mine project in Chile. The order is valued at more than USD 20 million and was booked in April 2020. The company is transforming the century-old Chuquicamata copper and gold mine from being the world’s largest open-pit mine into a high -technological underground operation. According to Codelco, the transformation is expected to extend the useful life of the mine by 40 years.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET/PRODUCT DEFINITION
    1.3 INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
        FIGURE 1 MINING MACHINERY MARKET SEGMENTATION
    1.5 UNITS CONSIDERED
    1.6 STAKEHOLDERS
    1.7 CURRENCY
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA
        FIGURE 2 MINING MACHINERY MARKET: RESEARCH DESIGN
        FIGURE 3 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources for machinery sales
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
                    2.1.2.2 Sampling techniques & data collection methods
                    2.1.2.3 Primary participants
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 4 BOTTOM-UP APPROACH: MARKET (MACHINERY TYPE AND REGIONAL/COUNTRY LEVEL)
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 TOP-DOWN APPROACH: MARKET (APPLICATION/PROPULSION/POWER OUTPUT)
                 FIGURE 6 TOP-DOWN APPROACH: ELECTRIC MARKET (MACHINERY CATEGORY AND REGION)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 35)
    3.1 PRE- AND POST-COVID-19 SCENARIO
        FIGURE 8 PRE- AND POST-COVID-19 SCENARIO: MINING MACHINERY MARKET, 2020–2025 (USD MILLION)
        TABLE 1 MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2020–2025 (MILLION USD)
    3.2 REPORT SUMMARY
        FIGURE 9 MARKET OUTLOOK
        FIGURE 10 MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 MINING MACHINERY MARKET OVERVIEW
        FIGURE 11 ATTRACTIVE OPPORTUNITIES IN MARKET, 2020 VS. 2025 (USD MILLION)
    4.2 MARKET, BY MACHINERY CATEGORY
        FIGURE 12 SURFACE MINING TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
    4.3 MARKET, BY PROPULSION
        FIGURE 13 DIESEL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (USD MILLION)
    4.4 MARKET, BY APPLICATION
        FIGURE 14 MINERAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2020 (USD MILLION)
    4.5 MARKET, BY POWER OUTPUT
        FIGURE 15 500-2,000 HP SEGMENT SET TO DOMINATE MARKET IN 2020 (USD MILLION)
    4.6 ELECTRIC MARKET, BY BATTERY TYPE
        FIGURE 16 LITHIUM-ION TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
    4.7 ELECTRIC MINING MACHINERY MARKET, BY TYPE
        FIGURE 17 MINING TRUCKS TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION)
    4.8 AUTONOMOUS MINING MACHINERY MARKET, BY TYPE
        FIGURE 18 SURFACE MINING SEGMENT BE LARGEST DURING FORECAST PERIOD (USD MILLION)
    4.9 MARKET, BY REGION
        FIGURE 19 MIDDLE EAST & AFRICA MARKET TO GROW FASTEST BY 2025 (USD MILLION)

5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IMPACTING THE MINING MACHINERY MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing use of electric machinery in underground mining
                            TABLE 2 ACTIVE UNDERGROUND MINING PROJECTS IN SELECT COUNTRIES, 2019
                    5.2.1.2 Increase in demand for metals and commodities
                            FIGURE 21 INCREASE IN MINING ACTIVITIES TO BOOST DEMAND FOR METALS AND COMMODITIES
           5.2.2 RESTRAINTS
                    5.2.2.1 Export of used mining machinery to developing countries
                            TABLE 3 SOUTH AFRICA MINING MACHINERY IMPORT STATISTICS (USD ‘000)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of autonomous mining machinery
                    5.2.3.2 Use of telematics in mining machinery
                            FIGURE 22 PROMINENT MINING MACHINERY PLAYERS OFFERING TELEMATICS SOLUTIONS
           5.2.4 CHALLENGES
                    5.2.4.1 COVID-19 Impact: Decline in mining machinery sales
                    5.2.4.2 Lack of standardization in mining machinery
    5.3 IMPACT OF COVID-19 ON MARKET
           5.3.1 COVID-19 HEALTH ASSESSMENT
                 FIGURE 23 COVID-19 PROPAGATION: SELECT COUNTRIES
                 FIGURE 24 GDP GROWTH (% IN 2020)
    5.4 MARKET SCENARIO
        FIGURE 25 MARKET SCENARIO 2020–2025 (USD MILLION)
           5.4.1 MOST LIKELY/REALISTIC SCENARIO
                 TABLE 4 REALISTIC SCENARIO: MARKET, BY REGION, 2020–2025 (USD MILLION)
           5.4.2 HIGH COVID-19 IMPACT SCENARIO
                 TABLE 5 HIGH COVID-19 IMPACT SCENARIO: MARKET, BY REGION, 2020–2025 (USD MILLION)
           5.4.3 LOW COVID-19 IMPACT SCENARIO
                 TABLE 6 LOW COVID-19 IMPACT SCENARIO: MARKET, BY REGION, 2020–2025 (USD MILLION)
    5.5 PORTER’S FIVE FORCES
        FIGURE 26 PORTER’S FIVE FORCES ANALYSIS (2020): MARKET
        FIGURE 27 COMPETITIVE RIVALRY IN MARKET HAS HIGH IMPACT
        TABLE 7 PORTER’S FIVE FORCES ANALYSIS
           5.5.1 INTENSITY OF COMPETITIVE RIVALRY
                 FIGURE 28 HIGH EXIT BARRIERS RESULT IN HIGHER INTENSITY OF COMPETITIVE RIVALRY IN MARKET
           5.5.2 THREAT OF NEW ENTRANTS
                 FIGURE 29 EASE OF GEOGRAPHIC EXPANSION HAS HIGHEST IMPACT ON NEW MARKET ENTRANTS
           5.5.3 THREAT OF SUBSTITUTES
                 FIGURE 30 TECHNOLOGICAL ADVANCEMENTS AND DEMAND FOR CUSTOMIZED MACHINERY INFLUENCE THREAT OF SUBSTITUTES
           5.5.4 BARGAINING POWER OF SUPPLIERS
                 FIGURE 31 LOW SUPPLIER CONCENTRATION & PRODUCT DIFFERENTIATION LIMITS BARGAINING POWER OF SUPPLIERS
           5.5.5 BARGAINING POWER OF BUYERS
                 FIGURE 32 SUPPLIER FRAGMENTATION & LACK OF SUBSTITUTES REDUCES BARGAINING POWER OF BUYERS
    5.6 VALUE CHAIN ANALYSIS
        FIGURE 33 VALUE CHAIN (2020): MAJOR VALUE IS ADDED BY OEMS DURING MANUFACTURING & ASSEMBLY PHASE
    5.7 AVERAGE SELLING PRICE TREND OF MINING MACHINERY
        TABLE 8 AVERAGE PRICE OF MINING MACHINERY, BY TYPE, 2018-2020
    5.8 TRENDS/DISRUPTIONS IMPACTING MARKET
    5.9 ECOSYSTEM
        FIGURE 34 ECOSYSTEM: MARKET
    5.10 TRADE STATISTICS
         TABLE 9 IMPORT-EXPORT STATISTICS FOR KEY COUNTRIES, 2019 (USD)
    5.11 PATENT ANALYSIS
         TABLE 10 MINING MACHINERY PATENTS, 2019-2020
    5.12 TECHNOLOGY ANALYSIS
           5.12.1 NEED FOR AFTER-TREATMENT DEVICES
           5.12.2 INTRODUCTION OF ELECTRIC TRUCKS
           5.12.3 AUTONOMOUS MINING TRUCKS
           5.12.4 3D PRINTING & DRONES IN MINING
    5.13 NON-ROAD MOBILE MACHINERY (NRMM) REGULATION OUTLOOK
         FIGURE 35 NON-ROAD MOBILE MACHINERY EMISSION REGULATION OUTLOOK, 2019–2025
    5.14 CASE STUDY ANALYSIS
           5.14.1 ELECTRIFYING MINING EQUIPMENT IN PERU
           5.14.2 USE OF TELEMATICS AT INDIAN MINE
           5.14.3 CAT MINESTAR SYSTEM AT ROBINSON MINE IN NEVADA
           5.14.4 KOMATSU’S JOINT VENTURE WITH RIO TINTO

6 MINING MACHINERY MARKET, BY MACHINERY CATEGORY (Page No. - 70)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America South America, and Middle East & Africa
    6.1 INTRODUCTION
           6.1.1 RESEARCH METHODOLOGY
           6.1.2 ASSUMPTIONS
           6.1.3 INDUSTRY INSIGHTS
                 FIGURE 36 SURFACE MINING TO HOLD LARGEST SHARE IN MARKET, 2020 VS. 2025 (USD MILLION)
                 TABLE 11 MARKET, BY MACHINERY CATEGORY, 2018–2025 (USD MILLION)
    6.2 CRUSHING, PULVERIZING, SCREENING MACHINERY
           6.2.1 NORTH AMERICA IS SECOND-LARGEST MARKET FOR CRUSHING, PULVERIZING, SCREENING MACHINERY
                 TABLE 12 CRUSHING, PULVERIZING, SCREENING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.3 MINERAL PROCESSING MACHINERY
           6.3.1 ASIA OCEANIA IS LARGEST MARKET FOR MINERAL PROCESSING MACHINERY
                 TABLE 13 MINERAL PROCESSING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.4 SURFACE MINING MACHINERY
        TABLE 14 SURFACE MARKET, BY TYPE, 2018–2025 (UNITS)
        TABLE 15 SURFACE MARKET, BY TYPE, 2018–2025 (USD MILLION)
           6.4.1 ARTICULATED DUMP TRUCKS
                    6.4.1.1 Europe estimated to be largest market for articulated dump trucks
                            TABLE 16 ARTICULATED DUMP TRUCKS IN SURFACE MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 17 ARTICULATED DUMP TRUCKS IN SURFACE MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.4.2 CRAWLER DOZERS
                    6.4.2.1 North America is largest market for crawler dozers
                            TABLE 18 CRAWLER DOZERS IN SURFACE MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 19 CRAWLER DOZERS IN SURFACE MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.4.3 CRAWLER EXCAVATORS
                    6.4.3.1 China to lead Asia Oceania market for crawler excavators
                            TABLE 20 CRAWLER EXCAVATORS IN SURFACE MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 21 CRAWLER EXCAVATORS IN SURFACE MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.4.4 MOTOR GRADERS
                    6.4.4.1 North America is largest market for motor graders
                            TABLE 22 MOTOR GRADERS IN SURFACE MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 23 MOTOR GRADERS IN SURFACE MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.4.5 RIGID DUMP TRUCKS
                    6.4.5.1 South America is largest market for rigid dump trucks
                            TABLE 24 RIGID DUMP TRUCKS IN SURFACE MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 25 RIGID DUMP TRUCKS IN SURFACE MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.5 UNDERGROUND MINING MACHINERY
        TABLE 26 UNDERGROUND MARKET, BY TYPE, 2018–2025 (UNITS)
        TABLE 27 UNDERGROUND MARKET, BY TYPE, 2018–2025 (USD MILLION)
           6.5.1 DRILLS
                    6.5.1.1 Asia Oceania to be largest market for drills
                            TABLE 28 DRILLS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 29 DRILLS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.5.2 ELECTRIC SHOVELS
                    6.5.2.1 South America to be fastest-growing market for electric shovels
                            TABLE 30 ELECTRIC SHOVELS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 31 ELECTRIC SHOVELS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.5.3 HYDRAULIC EXCAVATORS
                    6.5.3.1 Asia Oceania accounts for more than 30% of hydraulic excavators market
                            TABLE 32 HYDRAULIC EXCAVATORS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 33 HYDRAULIC EXCAVATORS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.5.4 MINING DOZERS
                    6.5.4.1 Europe to have second-largest mining dozers market share
                            TABLE 34 MINING DOZERS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 35 MINING DOZERS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.5.5 MINING TRUCKS
                    6.5.5.1 Asia Oceania projected to hold more than 35% of mining trucks market
                            TABLE 36 MINING TRUCKS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 37 MINING TRUCKS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (USD MILLION)
           6.5.6 WHEELED LOADERS
                    6.5.6.1 Europe is second-largest market for wheeled loaders
                            TABLE 38 WHEELED LOADERS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (UNITS)
                            TABLE 39 WHEELED LOADERS IN UNDERGROUND MARKET, BY REGION, 2018–2025 (USD MILLION)

7 MINING MACHINERY MARKET, BY APPLICATION (Page No. - 88)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
           7.1.3 INDUSTRY INSIGHTS
                 FIGURE 37 MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
                 TABLE 40 MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
    7.2 COAL
           7.2.1 INCREASING ENERGY DEMAND DRIVES COAL MARKET
                 TABLE 41 COAL MARKET, BY REGION, 2018–2025 (USD MILLION)
    7.3 METAL
           7.3.1 SOUTH AMERICA TO BE SECOND-LARGEST METAL MARKET
                 TABLE 42 METAL MARKET, BY REGION, 2018–2025 (USD MILLION)
    7.4 MINERAL
           7.4.1 ASIA OCEANIA TO DOMINATE MINERAL MARKET
                 TABLE 43 MINERAL MARKET, BY REGION, 2018–2025 (USD MILLION)

8 MINING MACHINERY MARKET, BY POWER OUTPUT (Page No. - 93)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
           8.1.3 INDUSTRY INSIGHTS
                 FIGURE 38 MARKET, BY POWER OUTPUT, 2020 VS. 2025 (USD MILLION)
                 TABLE 44 MARKET, BY POWER OUTPUT, 2018–2025 (UNITS)
                 TABLE 45 MARKET, BY POWER OUTPUT, 2018–2025 (USD MILLION)
    8.2 <500 HP
           8.2.1 ASIA OCEANIA TO DOMINATE <500 HP POWER OUTPUT SEGMENT
                 TABLE 46 <500 HP MARKET, BY REGION, 2018–2025 (UNITS)
                 TABLE 47 <500 HP MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.3 500-2000 HP
           8.3.1 MIDDLE EAST & AFRICA TO BE FASTEST GROWING REGION IN 500-2,000 HP SEGMENT
                 TABLE 48 500-2,000 HP MARKET, BY REGION, 2018–2025 (UNITS)
                 TABLE 49 500-2,000 HP MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.4 >2,000 HP
           8.4.1 AMERICAS COMMAND LARGEST SHARE OF >2,000 HP SEGMENT
                 TABLE 50 >2,000 HP MARKET, BY REGION, 2018–2025 (UNITS)
                 TABLE 51 >2,000 HP MARKET, BY REGION, 2018–2025 (USD MILLION)

9 MINING MACHINERY MARKET, BY PROPULSION (Page No. - 99)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
           9.1.3 INDUSTRY INSIGHTS
                 FIGURE 39 MARKET, BY PROPULSION, 2020 VS. 2025 (USD MILLION)
                 TABLE 52 MARKET, BY PROPULSION, 2018–2025 (UNITS)
                 TABLE 53 MARKET, BY PROPULSION, 2018–2025 (USD MILLION)
    9.2 DIESEL
           9.2.1 HIGHER DENSITY MAKES DIESEL PREFERRED FUEL FOR MINING MACHINERY
                 TABLE 54 DIESEL ENGINE OFFERINGS BY OEMS
                 TABLE 55 DIESEL IN MARKET, BY REGION, 2018–2025 (UNITS)
                 TABLE 56 DIESEL IN MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.3 CNG/LNG/RNG
           9.3.1 ALTERNATE FUEL MINING MACHINERY TO RECORD FASTEST GROWTH
                 TABLE 57 CNG/LNG/RNG IN MARKET, BY REGION, 2018–2025 (UNITS)
                 TABLE 58 CNG/LNG/RNG IN MARKET, BY REGION, 2018–2025 (USD MILLION)

10 ELECTRIC MINING MACHINERY MARKET, BY TYPE (Page No. - 105)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS/LIMITATIONS
             10.1.3 INDUSTRY INSIGHTS
                    FIGURE 40 ELECTRIC MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION)
                    TABLE 59 ELECTRIC MARKET, BY TYPE, 2018–2025 (UNITS)
                    TABLE 60 ELECTRIC MARKET, BY TYPE, 2018–2025 (USD MILLION)
     10.2 ELECTRIC MINING TRUCKS
          TABLE 61 ELECTRIC MINING TRUCKS MARKET, BY REGION, 2018–2025 (UNITS)
          TABLE 62 ELECTRIC DUMP TRUCKS MARKET, BY REGION, 2018—2025 (USD MILLION)
     10.3 ELECTRIC LOAD-HAUL-DUMP LOADERS (LHD)
          TABLE 63 ELECTRIC LHD MARKET, BY REGION, 2018–2025 (UNITS)
          TABLE 64 ELECTRIC LHD MARKET, BY REGION, 2018–2025 (USD MILLION)

11 ELECTRIC MINING MACHINERY MARKET, BY BATTERY TYPE (Page No. - 110)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
             11.1.3 INDUSTRY INSIGHTS
                    FIGURE 41 ELECTRIC MARKET, BY BATTERY TYPE, 2020 VS. 2025 (USD MILLION)
                    TABLE 65 ELECTRIC MARKET, BY BATTERY TYPE, 2018–2025 (UNITS)
                    TABLE 66 ELECTRIC MARKET, BY BATTERY TYPE, 2018–2025 (USD MILLION)
     11.2 LITHIUM-ION
          TABLE 67 LITHIUM-ION BATTERIES: ELECTRIC MARKET, BY REGION, 2018–2025 (UNITS)
          TABLE 68 LITHIUM-ION BATTERIES: ELECTRIC MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.3 LEAD-ACID
          TABLE 69 LEAD-ACID BATTERIES: ELECTRIC MARKET, BY REGION, 2018–2025 (UNITS)
          TABLE 70 LEAD-ACID BATTERIES: ELECTRIC MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.4 OTHER BATTERY TYPES
          TABLE 71 OTHER BATTERIES: ELECTRIC MARKET, BY REGION, 2018–2025 (UNITS)
          TABLE 72 OTHER BATTERIES: ELECTRIC MARKET, BY REGION, 2018–2025 (USD MILLION)

12 AUTONOMOUS MINING MACHINERY MARKET, BY MINING CATEGORY (Page No. - 117)
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
             12.1.3 INDUSTRY INSIGHTS
                    FIGURE 42 AUTONOMOUS MARKET, BY MINING CATEGORY, 2020 VS. 2025 (USD MILLION)
                    TABLE 73 AUTONOMOUS MARKET, BY MINING CATEGORY, 2018–2025 (UNITS)
                    TABLE 74 AUTONOMOUS MARKET, BY MINING CATEGORY, 2018–2025 (USD MILLION)
     12.2 SURFACE MINING
             12.2.1 ASIA OCEANIA TO BE FASTEST MARKET FOR AUTONOMOUS SURFACE MINING MACHINERY
                    TABLE 75 AUTONOMOUS SURFACE MARKET, BY REGION, 2018–2025 (UNITS)
                    TABLE 76 AUTONOMOUS SURFACE MARKET, BY REGION, 2018–2025 (USD MILLION)
     12.3 UNDERGROUND MINING
             12.3.1 PRESENCE OF KEY PLAYERS IN NORTH AMERICA BOOSTS MARKET FOR AUTONOMOUS UNDERGROUND MINING MACHINERY
                    TABLE 77 AUTONOMOUS UNDERGROUND MARKET, BY REGION, 2018–2025 (UNITS)
                    TABLE 78 AUTONOMOUS UNDERGROUND MARKET, BY REGION, 2018–2025 (USD MILLION)

13 MINING MACHINERY MARKET, BY REGION (Page No. - 122)
Note: The Chapter is Further Segmented by Type – Crawler Excavators, Crawler Dozers, Motor Graders, Rigid Dump Trucks, Articulated Dump Trucks, Electric Shovels, Hydraulic Excavators, Wheel Loaders, Mining Dozers, Mining Trucks, and Drills
     13.1 INTRODUCTION
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTIONS
             13.1.3 INDUSTRY INSIGHTS
                    FIGURE 43 ASIA OCEANIA TO ACCOUNT FOR LARGEST SHARE IN MARKET IN 2020
                    TABLE 79 MARKET, BY REGION, 2018–2025 (UNITS)
                    TABLE 80 MARKET, BY REGION, 2018–2025 (USD MILLION)
     13.2 ASIA OCEANIA
          FIGURE 44 ASIA OCEANIA TO HOLD LARGEST SHARE IN MARKET
          TABLE 81 ASIA OCEANIA: MARKET, BY COUNTRY, 2018–2025 (UNITS)
          TABLE 82 ASIA OCEANIA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             13.2.1 CHINA
                        13.2.1.1 Crawler excavators to have major share in China mining machinery market
                                 TABLE 83 CHINA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 84 CHINA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.2.2 INDIA
                        13.2.2.1 Underground mining machinery to drive Indian market
                                 TABLE 85 INDIA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 86 INDIA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.2.3 JAPAN
                        13.2.3.1 Articulated dump trucks segment to grow at highest CAGR in Japan
                                 TABLE 87 JAPAN: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 88 JAPAN: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.2.4 INDONESIA
                        13.2.4.1 Crawler excavator sales to dominate Indonesian mining market
                                 TABLE 89 INDONESIA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 90 INDONESIA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.2.5 AUSTRALIA
                        13.2.5.1 Excavator sales to command largest share in Australian market
                                 TABLE 91 AUSTRALIA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 92 AUSTRALIA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
     13.3 EUROPE
          TABLE 93 EUROPE: MARKET, BY COUNTRY, 2018–2025 (UNITS)
          TABLE 94 EUROPE: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             13.3.1 FRANCE
                        13.3.1.1 Crawler excavators to have largest share during forecast period
                                 TABLE 95 FRANCE: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 96 FRANCE: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.3.2 GERMANY
                        13.3.2.1 German market to witness slow growth due to focus on renewable energy
                                 TABLE 97 GERMANY: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 98 GERMANY: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.3.3 ITALY
                        13.3.3.1 Underground mining trucks to add value to Italian mining machinery market
                                 TABLE 99 ITALY: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 100 ITALY: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.3.4 SPAIN
                        13.3.4.1 Crawler excavators to dominate market in Spain
                                 TABLE 101 SPAIN: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 102 SPAIN: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.3.5 UK
                        13.3.5.1 Motor graders to register fastest growth in UK market
                                 TABLE 103 UK: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 104 UK: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.3.6 RUSSIA
                        13.3.6.1 Electric shovels segment to witness fastest growth in Russia
                                 TABLE 105 RUSSIA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 106 RUSSIA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.3.7 REST OF EUROPE
     13.4 NORTH AMERICA
          FIGURE 45 MINING MACHINERY MARKET IN MEXICO TO WITNESS FASTEST GROWTH
          TABLE 107 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (UNITS)
          TABLE 108 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             13.4.1 CANADA
                        13.4.1.1 Motor graders to have largest share, by value, in Canada
                                 TABLE 109 CANADA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 110 CANADA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.4.2 MEXICO
                        13.4.2.1 Crawler excavators to account for largest volume in Mexican market
                                 TABLE 111 MEXICO: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 112 MEXICO: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.4.3 US
                        13.4.3.1 Electric shovels to be fastest-growing segment in US market
                                 TABLE 113 US: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 114 US: MARKET, BY TYPE, 2018–2025 (USD MILLION)
     13.5 SOUTH AMERICA
          TABLE 115 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (UNITS)
          TABLE 116 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             13.5.1 BRAZIL
                        13.5.1.1 Rigid dump trucks segment to grow at highest CAGR in Brazil
                                 TABLE 117 BRAZIL: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 118 BRAZIL: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.5.2 CHILE
                        13.5.2.1 Crawler excavators to have largest share, by volume, in Chile
                                 TABLE 119 CHILE: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 120 CHILE: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.5.3 PERU
                        13.5.3.1 Mining trucks to be largest segment in Peru
                                 TABLE 121 PERU: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 122 PERU: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.5.4 ARGENTINA
                        13.5.4.1 Motor graders to be largest segment in Argentina
                                 TABLE 123 ARGENTINA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 124 ARGENTINA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.5.5 REST OF SOUTH AMERICA
     13.6 MIDDLE EAST & AFRICA
          TABLE 125 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2025 (UNITS)
          TABLE 126 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             13.6.1 SOUTH AFRICA
                        13.6.1.1 Mining trucks to have largest market share in South Africa
                                 TABLE 127 SOUTH AFRICA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 128 SOUTH AFRICA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.6.2 SAUDI ARABIA
                        13.6.2.1 Phosphate, tantalum, and gold to drive Saudi Arabian mining industry
                                 TABLE 129 SAUDI ARABIA: MARKET, BY TYPE, 2018–2025 (UNITS)
                                 TABLE 130 SAUDI ARABIA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             13.6.3 REST OF MIDDLE EAST & AFRICA
                        13.6.3.1 Rest of Middle East & Africa to witness slow to moderate growth

14 COMPETITIVE LANDSCAPE (Page No. - 170)
     14.1 COMPANY EVALUATION MATRIX – MINING MACHINERY MANUFACTURERS
             14.1.1 TERMINOLOGY
             14.1.2 STAR
             14.1.3 EMERGING LEADERS
             14.1.4 PERVASIVE PLAYERS
             14.1.5 PARTICIPANT
             14.1.6 COMPANY EVALUATION MATRIX – MARKET
                    FIGURE 46 MARKET: COMPANY EVALUATION MATRIX (2019)
     14.2 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 47 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
     14.3 BUSINESS STRATEGY EXCELLENCE
          FIGURE 48 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
     14.4 MARKET EVALUATION FRAMEWORK
          FIGURE 49 MARKET EVALUATION FRAMEWORK: MARKET
     14.5 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2017-2019
          FIGURE 50 MINING MACHINERY PLAYERS REVENUE ANALYSIS, 2017-2019
     14.6 MINING MACHINERY: MARKET SHARE
          FIGURE 51 MINING MACHINERY MARKET SHARE ANALYSIS, 2019
     14.7 KEY PLAYER STRATEGIES/RIGHT TO WIN
          FIGURE 52 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY, 2018–2020
     14.8 COMPETITIVE SCENARIO
             14.8.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES
                    TABLE 131 NEW PRODUCT DEVELOPMENTS/LAUNCHES (2018-2020)
             14.8.2 EXPANSIONS
                    TABLE 132 EXPANSIONS (2019)
             14.8.3 PARTNERSHIPS/AGREEMENTS/SUPPLY ORDERS
                    TABLE 133 PARTNERSHIPS/AGREEMENTS/SUPPLY ORDERS (2018-2020)
             14.8.4 ACQUISITIONS
                    TABLE 134 ACQUISITIONS (2019-2020)

15 COMPANY PROFILES (Page No. - 187)
(Business overview, Products offered, Recent developments & MnM View)*
     15.1 MINING MACHINERY MANUFACTURES – KEY PLAYERS
             15.1.1 CATERPILLAR INC.
                    FIGURE 53 CATERPILLAR INC.: COMPANY SNAPSHOT
                    TABLE 135 CATERPILLAR INC. – ORGANIC DEVELOPMENTS
                    TABLE 136 CATERPILLAR INC. – INORGANIC DEVELOPMENTS
             15.1.2 KOMATSU LTD.
                    FIGURE 54 KOMATSU LTD.: COMPANY SNAPSHOT
                    TABLE 137 KOMATSU LTD. – ORGANIC DEVELOPMENTS
                    TABLE 138 KOMATSU LTD. – INORGANIC DEVELOPMENTS
             15.1.3 SANDVIK AB
                    FIGURE 55 SANDVIK AB: COMPANY SNAPSHOT
                    TABLE 139 SANDVIK AB – ORGANIC DEVELOPMENTS
                    TABLE 140 SANDVIK AB –INORGANIC DEVELOPMENTS
             15.1.4 EPIROC AB
                    FIGURE 56 EPIROC AB: COMPANY SNAPSHOT
                    TABLE 141 EPIROC AB – ORGANIC DEVELOPMENTS
                    TABLE 142 EPIROC AB – INORGANIC DEVELOPMENTS
             15.1.5 DOOSAN CORPORATION
                    FIGURE 57 DOOSAN CORPORATION: COMPANY SNAPSHOT
                    TABLE 143 DOOSAN CORPORATION – ORGANIC DEVELOPMENTS
                    TABLE 144 DOOSAN CORPORATION – INORGANIC DEVELOPMENTS
             15.1.6 LIEBHERR
                    FIGURE 58 LIEBHERR: COMPANY SNAPSHOT
                    TABLE 145 LIEBHERR – ORGANIC DEVELOPMENTS
                    TABLE 146 LIEBHERR – INORGANIC DEVELOPMENTS
             15.1.7 VOLVO GROUP
                    FIGURE 59 VOLVO GROUP: COMPANY SNAPSHOT
                    TABLE 147 VOLVO GROUP – ORGANIC DEVELOPMENTS
                    TABLE 148 VOLVO GROUP – INORGANIC DEVELOPMENTS
             15.1.8 HITACHI CONSTRUCTION MACHINERY CO., LTD.
                    FIGURE 60 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
                    TABLE 149 HITACHI CONSTRUCTION MACHINERY CO., LTD. – ORGANIC DEVELOPMENTS
                    TABLE 150 HITACHI CONSTRUCTION MACHINERY CO., LTD. – INORGANIC DEVELOPMENTS
             15.1.9 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED
                    FIGURE 61 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED: COMPANY SNAPSHOT
                    TABLE 151 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED – ORGANIC DEVELOPMENTS
                    TABLE 152 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED – INORGANIC DEVELOPMENTS
             15.1.10 JCB
                     TABLE 153 JCB – ORGANIC DEVELOPMENTS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     15.2 ADDITIONAL COMPANIES
             15.2.1 ASIA OCEANIA
                        15.2.1.1 Guangxi Liugong Machinery Co., Ltd.
                        15.2.1.2 Kobelco Construction Machinery Co., Ltd.
                        15.2.1.3 Sumitomo Heavy Industries
                        15.2.1.4 Xuzhou Construction Machinery Group (XCMG)
                        15.2.1.5 Bharat Earth Movers Limited
             15.2.2 EUROPE
                        15.2.2.1 Wirtgen Group
                        15.2.2.2 Mine Master Ltd
                        15.2.2.3 FIORI GROUP S.p.A.
                        15.2.2.4 JSC
                        15.2.2.5 Wacker Neuson Group
             15.2.3 NORTH AMERICA
                        15.2.3.1 Equipment North Inc.
                        15.2.3.2 RTM Equipment
                        15.2.3.3 Astec Industries, Inc.
             15.2.4 MIDDLE EAST & AFRICA
                        15.2.4.1 BELL Equipment
                        15.2.4.2 AARD Mining Equipment

16 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 219)
     16.1 LUCRATIVE OPPORTUNITIES IN ASIA OCEANIA & SOUTH AMERICA FOR MINING MACHINERY MANUFACTURERS
     16.2 ELECTRIC MINING MACHINERY TO ADD MORE VALUE TO THE MARKET
     16.3 CONCLUSION

17 APPENDIX (Page No. - 221)
     17.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
     17.2 DISCUSSION GUIDE
     17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.4 AVAILABLE CUSTOMIZATIONS
             17.4.1 AUTONOMOUS MINING MACHINERY MARKET, BY LEVEL OF AUTOMATION
                        17.4.1.1 Semi-Autonomous
                        17.4.1.2 Fully-Autonomous
             17.4.2 MINING MACHINERY MARKET, BY COUNTRY & MACHINERY CATEGORY
                        17.4.2.1 Crushing, Pulverizing, and Screening
                        17.4.2.2 Mineral Processing
     17.5 RELATED REPORTS
     17.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the mining machinery market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate segments and subsegments' market size.

Secondary Research

The secondary sources referred to for this research study include associations such as the Japan Mining Industry Association, National Mining Association, Euromines, corporate filings (such as annual reports, investor presentations, and financial statements), and publications by off-highway associations. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.

Primary Research

Extensive primary research was conducted after obtaining an understanding of the mining machinery market through secondary research. Several interviews were conducted with market experts from both, the demand- (rental players and distributors) and supply-side (off-highway OEMs, component suppliers, and others) players across five major regions—namely, North America, Europe, Asia Oceania, South America, and the Middle East & Africa. Approximately 30% and 70%, respectively, of primary interviews were conducted with the demand and supply side. Primary data was collected through questionnaires, e-mails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, including sales, operations, and administration, to provide a holistic viewpoint in the report.

After interacting with industry participants, we also conducted brief sessions with highly experienced independent consultants to reinforce the findings from the primaries. This, along with the opinions of in-house subject matter experts, led us to the findings as described in the remainder of this report.

Mining Machinery Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the market size of the mining machinery market. The market size of the market by machinery and by country has been derived by mapping the historical sales of the different machinery considered at the country level. These data points were obtained from associations, off-highway databases, and data excerpts from OEMs. The market size, by value, was derived by multiplying the machinery wise average selling price with the respective machinery volume calculated in units. The total volume and value of each country/region were then summed up to reveal the total volume of the global market for each machinery type. The data was validated through primary interviews with industry experts. The market is further segmented into power output, propulsion, electric mining machinery, and autonomous mining machinery. The penetration of different segments was derived from secondary research as well as primary interviews.

The autonomous mining machinery market size was estimated post analyzing the different geographies. This market value was derived using the regional penetration derived from various secondary sources and validated by primary respondents.

Mining Machinery Market: Bottom-Up Approach

Mining Machinery Market  Size, and Share

Report Objectives

  • To analyze and forecast the market size for mining machinery from 2020 to 2025, in terms of volume (units) and value (USD million)
  • To define and describe the mining machinery market by machinery category, propulsion, application, power output, autonomous mining machinery, electric mining machinery, electric & hybrid mining machinery, and region
    • By machinery category [crushing, pulverizing, screening machinery; mineral processing; surface mining machinery (crawler excavators, crawler dozers, motor graders, rigid dump trucks, and articulated dump trucks); and underground mining machinery (electric shovels, hydraulic excavators, wheeled loaders, mining dozers, mining trucks, and drills)]
    • By propulsion [diesel, compressed natural gas (CNG)/liquified natural gas (LNG)/renewable natural gas (RNG)]
    • By application (mineral, metal, coal)
    • By power output (<500 HP, 500-2,000 HP, >2,000 HP)
    • Autonomous mining machinery, by mining category (surface mining and underground mining)
    • Electric mining machinery, by type [mining trucks and load haul dump (LHD)]
    • Electric and hybrid mining machinery, by battery type [lithium-ion, lead-acid, others (lithium-ion phosphate, lithium titanite oxide, lithium manganese oxide, nickel-metal hydride, and solid-state battery)
    • By region (Asia Oceania, Europe, North America, South America, and Middle East & Africa)
  • To understand the dynamics (drivers, restraints, opportunities, and challenges) of the market
  • To analyze the share of key players operating in the market
  • To understand the dynamics of competitors and distinguish them into stars, emerging leaders, pervasive players, and participants according to the strength of their product portfolio and business strategies
  • To analyze recent developments such as agreements/partnerships/supply orders, acquisitions, geographic expansions, and new product launches of key players in the market

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  • AUTONOMOUS MINING MACHINERY MARKET, BY LEVEL OF AUTOMATION
    • Semi-Autonomous
    • Fully-Autonomous

(Note: Regions that are included in the study: North America, South America, Europe, Asia Oceania, and the Middle East & Africa)

  • MINING MACHINERY MARKET, By COUNTRY MACHINERY CATEGORY
    • Crushing, Pulverizing, and Screening
    • Mineral Processing

(Note: Countries that are included in the study: China, India, Japan, France, Germany, Italy, Spain, UK, Canada, US, Mexico, Brazil, Russia, South Africa)

Report Code
AT 6792
Published ON
Nov, 2020
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