Mining Equipment Market

Mining Equipment Market by Category (Drill & Beaker, Crushing, Pulverizing, Screening, Mineral Processing, Surface & Underground Mining), Electric Equipment (Mining Trucks, LHD), Propulsion, Industry, Autonomous Equipment, and Region - Global Forecast to 2025

Report Code: AT 6792 Dec, 2018, by marketsandmarkets.com

[185 Pages Report] The mining equipment market is estimated to be USD 77.7 billion in 2018 and is projected to reach USD 112.3 billion by 2025, at a CAGR of 5.40%. Increase in demand for metals and minerals, upcoming emission regulations, increase in development of electric and autonomous mining are the major reasons for the market growth.

Mining Equipment Market

The crushing, pulverizing, and screening equipment are expected to be the largest contributor in the mining equipment market, by mining equipmnet catergory, during the forecast period

Crushing and pulverizing equipment are used to break down larger materials into smaller pieces. Crushing equipment is generally a part of the material handling equipment or plants. This equipment applies pressure to the material that is fed into it to break it down into smaller pieces. Crushers are generally stationary equipment that are heavy and built into a plant. The various types of crushers are cone crushers, jaw crushers, split feed crushers, glass crushers, gyratory crushers, and stone crushers. The screening equipment is used to separate one material from another. As these equipment are the most essentials ones, they are readily used in the mines. They are used in open and closed mining pits. Hence, it accounts to have a major share in the overall mining equipment market. During the forecast period, Asia Oceania is the largest market for screening equipment due to large-scale mining in China and India.

Surface mining equipment accounts to have the fastest growth in the autonomous mining equipment market during the forecast period

The key players operating in the mining industry are transforming the equipment toward automation along with the electrification trend. The autonomous mining equipment are tested since 2008 by players such as Komatsu and Caterpillar in sites such as Gabriela Mistral and Solomon. With decreased exhaust emission limits, globally, the manufacturers are facing a tight operating issue reaching an optimum balance between the output received, cost incurred, and profit margins by adhering to the government regulations/norms. As the mining equipment industry is directly affected by the demand and pricing of the mining products, the margins with the operators are quite low. Hence, if the efficiency of the equipment is increased, it will improve the profitability of the business. OEMs such as Komatsu and Caterpillar are offering the retrofit option on the existing fleet. As the mining equipment performs 24X7, which is a higher number of working hours, there is a continuous demand for these equipment. During the forecast period, the surface mining equipment accounts to have the fastest growth because of its widespread operation, equipment offerings, and ease of autonomous adoption in the equipment type.

Mining Equipment Market

Asia Oceania is expected to account for the largest market size during the forecast period

The mining equipment industry has witnessed substantial growth, particularly in emerging economies such as China and India. Asia Oceania is expected to witness an annual growth of 6-7%, whereas the overall global growth rate is expected to be 5-6% during the next 8 years. The region has witnessed growth in mining operations due to increasing demand for raw materials. Also, many international companies have increased their presence in this region. For instance, Vale, the world’s largest iron ore mining company, has been increasing its presence in China.

The Belt and Road Initiative, which aims to strengthen infrastructure, trade, and investment links between China and several other countries, is among the several infrastructure projects that are expected to drive the mining equipment market in the Asia Oceania region. In India, 30 new coal mining sites have been identified by the Central Mine Planning and Design Institute (CMPDI). These sites are projected to add 100 million ton to India’s coal output.

Key Market Players

The mining equipment market is consolidated and dominated by a few global players. The key players in the market are Caterpillar (US), Komatsu (Japan), Volvo Construction Equipment (Sweden), Doosan Infracore (South Korea), and Sandvik (Sweden). The industry has adopted key strategies such as expansions, new product developments, and partnerships. For instance, Liebherr decided to expand its Newport, Virginia facility, which is expected to be completed by 2020 and will contain Liebherr USA’s new headquarters and administrative building, a production and workshop facility, and a warehouse and distribution building. The company also has setup a new facility in Rognac, France, with a total area of 43,000 square meters to provide sales, rental, and servicing of earthmoving, material handling, and construction machines.

Recent Developments

  • In July 2018, Sandvik acquired Inrock, a leading supplier of rock drilling tools and services for Horizontal Directional Drilling (HDD) in North America. It is a market leader in pilot hole bits, reamers, guidance systems, accessories, and services. The combined expertise of Sandvik and Inrock will further support the development of the HDD product portfolio to customers operating in the mining and infrastructure sectors
  • In March 2018, Volvo Construction decided to use 3D printing to quickly and efficiently provide spare parts to the consumers. This is expected to help the company support its consumers throughout the life cycle of its equipment.
  • In March 2018, Liebherr established a new facility in Rognac, France. The facility has a total area of 43,000 square meters. It provides sales, rental, and servicing of earthmoving, material handling, and construction machines.

Key Questions addressed by the report

  1. Which equipment category is going to dominate in the future?
  2. How are the industry players addressing the challenge of maintaining a balance between performance and low-cost mining equipment?
  3. When is electric equipment going to get mass adoption in the mining equipment market and with which mining equipment type?
  4. What could be the market size of autonomous mining equipment?
  5. What are the key strategies adopted by the players? Which new advancements are the game changers?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Package Size
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Mining Equipment
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 34)
    4.1 Mining Equipment Market – Global Trends
    4.2 Mining Equipment Market, By Equipment Category
    4.3 Mining Equipment Market, By Electric Equipment Type
    4.4 Mining Equipment Market, By Autonomous Equipment
    4.5 Mining Equipment Market, By Industry
    4.6 Mining Equipment Market, By Propulsion
    4.7 Mining Equipment Market, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Demand for Metals and Commodities Around the Globe to Boost the Demand for Mining Equipment
                    5.2.1.2 Upcoming Emission Regulations to Boost Advancements in Engine and Exhaust Technologies
           5.2.2 Restraints
                    5.2.2.1 Growing Market for Used Equipment and Local/Unorganized Players
                    5.2.2.2 Environmental and Human Rights Concerns
           5.2.3 Opportunities
                    5.2.3.1 Autonomous Mining Equipment to Have A Major Impact During the Forecast Period
                    5.2.3.2 Digital Mining
           5.2.4 Challenges
                    5.2.4.1 Lack of Standardization and High Production Cost are Major Challenges for Manufacturers
                    5.2.4.2 High Cost of Equipment to Hinder the Mining Equipment Market Growth

6 Industry Trend (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain
    6.3 Off Highway OEMS & Product Offerings
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Mining Equipment Market, By Equipment Category (Page No. - 55)
Note: The Chapter is Further Segmented By Region (Asia Oceania, Europe, North America, and RoW)
    7.1 Introduction
           7.1.1 Research Methodology
           7.1.2 Assumptions
           7.1.3 Industry Insights
    7.2 Crushing, Pulverizing, and Screening Equipment
           7.2.1 North America is the Second Largest Market for Crushing, Pulverizing, and Screening Equipment
    7.3 Drills & Breakers
           7.3.1 Asia Oceania is the Largest Growing Market for Drills & Breakers
    7.4 Mineral Processing Equipment
           7.4.1 Asia Oceania is the Fastest Growing Market for Mineral Processing Equipment
    7.5 Surface Mining Equipment
           7.5.1 Articulated Dump Truck
                    7.5.1.1 Europe is Estimated to Be the Largest Market for Articulated Dump Trucks
           7.5.2 Crawler Dozer
                    7.5.2.1 North America is the Largest Market for Crawler Dozers
           7.5.3 Crawler Excavator
                    7.5.3.1 Asia Oceania is the Fastest Growing Market for Crawler Excavators
           7.5.4 Motor Grader
                    7.5.4.1 North America is the Largest Market for Motor Graders
           7.5.5 Rigid Dump Truck
                    7.5.5.1 North America is the Largest Market for Rigid Dump Trucks
    7.6 Underground Mining Equipment
           7.6.1 Drills
                    7.6.1.1 Asia Oceania is Expected to Be the Largest Market for Drills
           7.6.2 Electric Shovels
                    7.6.2.1 Asia Oceania is the Largest and Fastest Growing Market for Electric Shovels
           7.6.3 Hydraulic Excavators
                    7.6.3.1 Asia Oceania Accounts for More Than 30% of the Hydraulic Excavator Market
           7.6.4 Mining Dozers
                    7.6.4.1 RoW Region is the Fastest Growing Mining Dozers Market
           7.6.5 Mining Trucks
                    7.6.5.1 Asia Oceania is Projected to Have More Than 40% of the Mining Truck Market in 2025
           7.6.6 Wheeled Loaders
                    7.6.6.1 Asia Oceania is the Fastest Growing Market for Wheeled Loaders

8 Mining Equipment Market, By Industry (Page No. - 75)
Note: The Chapter is Further Segmented By Region (Asia Oceania, Europe, North America, and RoW)
    8.1 Introduction
           8.1.1 Research Methodology
           8.1.2 Assumptions
           8.1.3 Industry Insights
    8.2 Coal
           8.2.1 Increasing Energy Demand is Expected to Drive the Coal Mining Equipment Market
    8.3 Metal
           8.3.1 Asia Oceania Estimated to Be the Largest Metal Mining Equipment Market
    8.4 Minerals
           8.4.1 Asia Oceania to Be the Fastest Growing Mineral Mining Equipment Market

9 Mining Equipment Market, By Propulsion (Page No. - 82)
Note: The Chapter is Further Segmented By Region (Asia Oceania, Europe, North America, and RoW)
    9.1 Introduction
           9.1.1 Research Methodology
           9.1.2 Assumptions
           9.1.3 Industry Insights
    9.2 Diesel
           9.2.1 Higher Density Makes Diesel the Preferred Fuel for Mining Equipment
    9.3 Gasoline
           9.3.1 Gasoline has the Minimal Share in the Mining Equipment Market
    9.4 CNG/LNG/Others
           9.4.1 Alternate Fuel Mining Equipment to Record the Fastest Growth

10 Electric Mining Equipment Market, By Equipment Type (Page No. - 91)
Note: The Chapter is Further Segmented By Region (Asia Oceania, Europe, North America, and RoW)
     10.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions
             10.1.3 Industry Insights
     10.2 Mining Trucks
             10.2.1 Electric Mining Trucks Account for Larger Share in Asia Oceania
     10.3 Lhd (Load, Haul, Dump)
             10.3.1 Asia Oceania Registered Largest and Fastest Growth for Lhd Due to Increase in Mining Activities in the Region

11 Autonomous Mining Equipment Market, By Equipment Category (Page No. - 98)
Note: The Chapter is Further Segmented By Region (Asia Oceania, Europe, North America, and RoW)
     11.1 Introduction
             11.1.1 Research Methodology
             11.1.2 Assumptions
             11.1.3 Industry Insights
     11.2 Surface Mining
             11.2.1 Europe Accounts for the Fastest Market Growth in the Autonomous Surface Mining Equipment Market
     11.3 Underground Mining
             11.3.1 The North American Underground Mining Market Registered Fastest Growth Due to Presence of Key Players in This Region

12 Mining Equipment Market, By Region (Page No. - 105)
Note: The Chapter is Further Segmented By Equipment Type Into (Articulated Dump Truck, Crawler Excavator, Crawler Dozer, Drills, Electric Shovels, Hydraulic Excavators, Mining Dozers, Mining Trucks, Motor Grader, Rigid Dump Truck, Wheel Loaders)
     12.1 Introduction
     12.2 Asia Oceania
             12.2.1 China
                        12.2.1.1 Crawler Excavator to Have Major Share in the China Mining Equipment Market
             12.2.2 India
                        12.2.2.1 Mining Trucks to Showcase Exponential Growth in the Indian Mining Equipment Market
             12.2.3 Japan
                        12.2.3.1 Mining Trucks to Register Fastest Growth in the Japanese Mining Equipment Market
     12.3 Europe
             12.3.1 France
                        12.3.1.1 Rigid Dump Trucks Accounts to Have Fastest Growth During the Forecast Period
             12.3.2 Germany
                        12.3.2.1 Crawler Excavator to Be the Largest German Mining Equipment Market
             12.3.3 Italy
                        12.3.3.1 as Among the Largest Steel Producers Italy Accounts to Have Significant Share in the Overall Market
             12.3.4 Spain
                        12.3.4.1 Mining Trucks Accounts to Have Largest & Fastest Growth in the Spain Mining Equipment Market
             12.3.5 Uk
                        12.3.5.1 Motor Grader to Register Fastest Growth in the UK Mining Equipment Market
             12.3.6 Rest of Europe
                        12.3.6.1 Mining Trucks Accounts to Have Largest Share in Rest of Europe
     12.4 North America
             12.4.1 Canada
                        12.4.1.1 Rigid Dump Trucks to Witness the Fastest Growth During the Forecast Period
             12.4.2 Mexico
                        12.4.2.1 Motor Grader to Account for the Largest Market in the Mexican Mining Equipment Market
             12.4.3 Us
                        12.4.3.1 Rigid Dump Trucks Accounts to Have Fastest Growth in the US Mining Equipment Market
     12.5 Rest of the World (RoW)
             12.5.1 Brazil
                        12.5.1.1 Mining Trucks to Have the Largest Market
             12.5.2 Russia
                        12.5.2.1 Crawler Excavator is Estimated to Have Maximum Demand During the Forecast Period
             12.5.3 South Africa
                        12.5.3.1 Mining Trucks are Estimated to Have Largest Market During the Forecast Period
             12.5.4 Rest of RoW
                        12.5.4.1 Mining Trucks to Witness the Fastest Growth

13 Competitive Landscape (Page No. - 145)
     13.1 Introduction
     13.2 Market Share Analysis
     13.3 Competitive Scenario
             13.3.1 New Product Developments
             13.3.2 Expansions
             13.3.3 Mergers & Acquisitions
             13.3.4 Partnerships/Agreements/Supply Contracts/ Collaborations/Joint Ventures

14 Company Profile (Page No. - 151)
(Business Overview, Products Offered, Recent Developments & SWOT Analysis)*
     14.1 Caterpillar
     14.2 Volvo Construction Equipment
     14.3 Komatsu
     14.4 Sandvik
     14.5 Liebherr
     14.6 Hitachi Construction Machinery
     14.7 Terex
     14.8 Atlas Copco
     14.9 Sany
     14.10 Doosan
     14.11 Additional Company Profiles
             14.11.1 North America
                        14.11.1.1 Equipment North
                        14.11.1.2 RTM Equipment
                        14.11.1.3 Dakota Equipment Manufacturing
                        14.11.1.4 Astec Industries
             14.11.2 Europe
                        14.11.2.1 Schulte Strathaus
                        14.11.2.2 Mine Master
                        14.11.2.3 Konecranes
             14.11.3 Asia Oceania
                        14.11.3.1 XCMG
                        14.11.3.2 BEML
                        14.11.3.3 Hyundai Heavy Industries
             14.11.4 RoW
                        14.11.4.1 JSC
                        14.11.4.2 Aard Mining Equipment

*Details on Business Overview, Products Offered, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 178)
     15.1 Primary Insights
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
             15.4.1 Mining Equipment Market By Country & Equipment Category
(Note: Countries That are Included in the Study: China, India, Japan, France, Germany, Italy, Spain, UK, Canada, US, Mexico, Brazil, Russia, South Africa)
                        15.4.1.1 Crushing, Pulverizing and Screening
                        15.4.1.2 Drills & Breakers
                        15.4.1.3 Mineral Processing.
             15.4.2 Mining Equipment Market By Propulsion Type & By Country
(Note: Countries That are Included in the Study: China, India, Japan, France, Germany, Italy, Spain, UK, Canada, US, Mexico, Brazil, Russia, South Africa)
                        15.4.2.1 Diesel
                        15.4.2.2 CNG/LNG/Others
                        15.4.2.3 Gasoline
     15.6 Author Details


List of Tables (110 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Engine Technology vs Aftertreatment Requirement
Table 3 Key Players in Autonomous Mining Equipment Market
Table 4 Average Cost of Equipment, By Type, 2017
Table 5 Porter’s Five Forces Analysis
Table 6 Mining Equipment Market, By Equipment Category, 2016–2025 (USD Million)
Table 7 Crushing, Pulverizing, and Screening Equipment: Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 8 Drills & Breakers: Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 9 Mineral Processing Equipment: Market, By Region, 2016–2025 (USD Million)
Table 10 Surface Mining Equipment: Market, By Region, 2016–2025 (Units)
Table 11 Surface Mining Equipment: Market, By Region, 2016–2025 (USD Million)
Table 12 Articulated Dump Truck: Market, By Region, 2016–2025 (Units)
Table 13 Articulated Dump Truck: Market, By Region, 2016–2025 (USD Million)
Table 14 Crawler Dozer: Market, By Region, 2016–2025 (Units)
Table 15 Crawler Dozer: Market, By Region, 2016–2025 (USD Million)
Table 16 Crawler Excavator: Market, By Region, 2016–2025 (Units)
Table 17 Crawler Excavator: Market, By Region, 2016–2025 (USD Million)
Table 18 Motor Grader: Market, By Region, 2016–2025 (Units)
Table 19 Motor Grader: Market, By Region, 2016–2025 (USD Million)
Table 20 Rigid Dump Truck: Market, By Region, 2016–2025 (Units)
Table 21 Rigid Dump Truck: Market, By Region, 2016–2025 (USD Million)
Table 22 Underground Mining Equipment: Market, By Region, 2016–2025 (Units)
Table 23 Underground Mining Equipment: Market, By Region, 2016–2025 (USD Million)
Table 24 Drills: Market, By Region, 2016–2025 (Units)
Table 25 Drills: Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 26 Electric Shovels: Market, By Region, 2016–2025 (Units)
Table 27 Electric Shovels: Market, By Region, 2016–2025 (USD Million)
Table 28 Hydraulic Excavators: Market, By Region, 2016–2025 (Units)
Table 29 Hydraulic Excavators: Market, By Region, 2016–2025 (USD Million)
Table 30 Mining Dozers: Market, By Region, 2016–2025 (Units)
Table 31 Mining Dozers: Market, By Region, 2016–2025 (USD Million)
Table 32 Mining Trucks: Market, By Region, 2016–2025 (Units)
Table 33 Mining Trucks: Market, By Region, 2016–2025 (USD Million)
Table 34 Wheeled Loaders: Market, By Region, 2016–2025 (Units)
Table 35 Wheeled Loaders: Market, By Region, 2016–2025 (USD Million)
Table 36 Mining Equipment Market, By Industry, 2016–2025 (Units)
Table 37 Mining Equipment Market, By Industry, 2016–2025 (USD Million)
Table 38 Coal: Market, By Region, 2016–2025 (Units)
Table 39 Coal: Market, By Region, 2016–2025 (USD Million)
Table 40 Metal: Market, By Region, 2016–2025 (Units)
Table 41 Metal: Market, By Region, 2016–2025 (USD Million)
Table 42 Minerals: Market, By Region, 2016–2025 (Units)
Table 43 Minerals: Market, By Region, 2016–2025 (USD Million)
Table 44 Mining Equipment Market, By Propulsion Type, 2016–2025 (Units)
Table 45 Mining Equipment Market, By Propulsion Type, 2016–2025 (USD Million)
Table 46 OEMS vs Diesel Engines Offerings
Table 47 Diesel: Market, By Region, 2016–2025 (Units)
Table 48 Diesel: Market, By Region, 2016–2025 (USD Million)
Table 49 Gasoline: Mining Equipment Market, By Region, 2016–2025 (Units)
Table 50 Gasoline: Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 51 CNG/LNG/Others: Mining Equipment Market, By Region, 2016–2025 (Units)
Table 52 CNG/LNG/Others: Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 53 Electric Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 54 Electric Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 55 Mining Trucks: Electric Mining Equipment Market, By Region, 2016–2025 (Units)
Table 56 Mining Trucks: Electric Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 57 Lhd: Electric Mining Equipment Market, By Region, 2016–2025 (Units)
Table 58 Lhd: Electric Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 59 Autonomous Mining Equipment Market, By Equipment Category, 2016–2025 (Units)
Table 60 Autonomous Mining Equipment Market, By Equipment Category, 2016–2025 (USD Million)
Table 61 Surface Mining: Autonomous Mining Equipment Market, By Region, 2016–2025 (Units)
Table 62 Surface Mining: Autonomous Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 63 Underground Mining: Autonomous Mining Equipment Market, By Region, 2016–2025 (Units)
Table 64 Underground Mining: Autonomous Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 65 Mining Equipment Market, By Region, 2016–2025 (Units)
Table 66 Mining Equipment Market, By Region, 2016–2025 (USD Million)
Table 67 Asia Oceania: Mining Equipment Market, By Country, 2016–2025 (Units)
Table 68 Asia Oceania: Mining Equipment Market, By Country, 2016–2025 (USD Million)
Table 69 China: Market, By Equipment Type, 2016–2025 (Units)
Table 70 China: Market, By Equipment Type, 2016–2025 (USD Million)
Table 71 India: Market, By Equipment Type, 2016–2025 (Units)
Table 72 India: Market, By Equipment Type, 2016–2025 (USD Million)
Table 73 Japan: Market, By Equipment Type, 2016–2025 (Units)
Table 74 Japan: Market, By Equipment Type, 2016–2025 (USD Million)
Table 75 Europe: Market, By Country, 2016–2025 (Units)
Table 76 Europe: Mining Equipment Market, By Country, 2016–2025 (USD Million)
Table 77 France: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 78 France: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 79 Germany: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 80 Germany: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 81 Italy: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 82 Italy: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 83 Spain: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 84 Spain: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 85 UK: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 86 UK: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 87 Rest of Europe: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 88 Rest of Europe: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 89 North America: Mining Equipment Market, By Country, 2016–2025 (Units)
Table 90 North America: Mining Equipment Market, By Country, 2016–2025 (USD Million)
Table 91 Canada: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 92 Canada: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 93 Mexico: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 94 Mexico: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 95 US: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 96 US: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 97 RoW: Mining Equipment Market, By Country, 2016–2025 (Units)
Table 98 RoW: Mining Equipment Market, By Country, 2016–2025 (USD Million)
Table 99 Brazil: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 100 Brazil: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 101 Russia: Mining Equipment Market, By Equipment Type, 2016–2025 (Units)
Table 102 Russia: Mining Equipment Market, By Equipment Type, 2016–2025 (USD Million)
Table 103 South Africa: Market, By Equipment Type, 2016–2025 (Units)
Table 104 South Africa: Market, By Equipment Type, 2016–2025 (USD Million)
Table 105 Rest of RoW: Market, By Equipment Type, 2016–2025 (Units)
Table 106 Rest of RoW: Market, By Equipment Type, 2016–2025 (USD Million)
Table 107 New Product Developments, 2017-2018
Table 108 Expansions, 2015-2018
Table 109 Mergers & Acquisitions, 2014-2018
Table 110 Partnerships/Agreements/Supply Contracts/Collaborations/Joint Ventures, 2014-2017


List of Figures (50 Figures)

Figure 1 Mining Equipment Market Segmentation
Figure 2 Mining Equipment Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Mining Equipment Market: Bottom-Up Approach
Figure 6 Mining Equipment Market: Market Outlook
Figure 7 Mining Equipment Market, By Region, 2018 vs 2025 (USD Billion)
Figure 8 Attractive Growth Opportunities in Electric & Autonomous Mining Equipment Market
Figure 9 Crushing, Pulverizing, Screening is the Largest Mining Equipment Category, 2018 vs 2025 (USD Million)
Figure 10 Electric Mining Trucks Have the Largest Share in Mining Equipment Market, 2018 (USD Million)
Figure 11 Surface Mining Equipment to Dominate the Autonomous Mining Equipment Market, 2018 vs 2025 (USD Million)
Figure 12 Mineral Industry is Estimated to Have the Largest Share of Mining Equipment Market, 2018 (USD Billion)
Figure 13 Diesel Propulsion to Dominate the Mining Equipment Market, 2018 vs 2025 (USD Million)
Figure 14 Asia Oceania to Be the Largest and the Fastest Growing Market, 2018 vs 2025 (USD Billion)
Figure 15 Mining Equipment Market: Market Dynamics
Figure 16 Global Average Aluminum Prices (USD/Mmt), 2014–2025
Figure 17 Non-Road Vehicle Emission Regulation Outlook, 2014–2025
Figure 18 Value Chain (2018): Major Value is Added By OEMS During the Manufacturing & Assembly Phase
Figure 19 Porter’s Five Forces Analysis (2018): Presence of Global Players Increase the Degree of Competition
Figure 20 Competitive Rivalry in the Mining Equipment Market has Medium Impact
Figure 21 Presence of Well-Established Players & High Entry Barriers Have the Highest Impact on Market Entrants
Figure 22 Availability of Substitutes & Technological Advancements Influence the Threat of Substitutes
Figure 23 Low Supplier Concentration & Product Differentiation Keeps the Bargaining Power of Suppliers in Check
Figure 24 Low Degree of Independence & Lack of Substitutes Reduces the Bargaining Power of Buyers
Figure 25 High Switching Cost and A Large Number of Players has Resulted in Moderate Market Condition in Mining Equipment Market
Figure 26 Crushing, Pulverizing, and Screening Equipment to Hold the Largest Share in the Mining Equipment Market, 2016–2025 (USD Million)
Figure 27 Mining Equipment Market, By Industry, 2016–2025 (USD Million)
Figure 28 Mining Equipment Market, By Propulsion Type, 2018 vs 2025 (USD Million)
Figure 29 Electric Mining Equipment Market, By Equipment Type, 2018 vs 2025 (USD Million)
Figure 30 Autonomous Mining Equipment Market, By Equipment Category, 2016 –2025 (USD Million)
Figure 31 Asia Oceania Accounts for A Major Share in the Mining Equipment Market in 2018
Figure 32 Economic Growth and Infrastructure Development Will Drive the Asia Oceania Mining Equipment Market
Figure 33 The Mining Equipment Market in Mexico is Expected to Witness the Highest Growth
Figure 34 Mining Equipment Market Share, for Key Players, 2017
Figure 35 Companies Adopted Expansion as A Key Growth Strategy
Figure 36 Caterpillar: Company Snapshot
Figure 37 Caterpillar: SWOT Analysis
Figure 38 Volvo Construction Equipment: Company Snapshot
Figure 39 Volvo Construction Equipment: SWOT Analysis
Figure 40 Komatsu: Company Snapshot
Figure 41 Komatsu: SWOT Analysis
Figure 42 Sandvik: Company Snapshot
Figure 43 Sandvik: SWOT Analysis
Figure 44 Liebherr: Company Snapshot
Figure 45 Liebherr: SWOT Analysis
Figure 46 Hitachi Construction Machinery: Company Snapshot
Figure 47 Terex: Company Snapshot
Figure 48 Atlas Copco: Company Snapshot
Figure 49 Sany: Company Snapshot
Figure 50 Doosan: Company Snapshot

The study involves 4 main activities in estimating the current size of the mining equipment market. Exhaustive secondary research was done to collect information on the market for mining equipment like crushing, pulverizing, screening equipment, surface mining equipment, drills & breakers, underground mining equipment and mineral processing equipment. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up and top town approaches were employed to estimate the complete market size for different segments considered under this study.

Secondary Research

The secondary sources referred for this research study include reports on the mining industry, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and mining associations. The secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research. Some of the key secondary sources used are, Association of Equipment Manufacturers (AEM), Japan Mining Industry Association (JMIA), Euromines (European Metals and Minerals Mining Association), National Mining Association (NMA), and Association of German Mining Equipment Suppliers among others.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the mining equipment market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- and supply-side players across 4 major regions, namely, North America, Europe, Asia Oceania, and the Rest of the World (Latin America and Africa). Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

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

Mining Equipment Market

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

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, of the mining equipment market has been derived by identifying the country-wise utilization rate or usage pattern of mining equipment based on application—mineral, metal, and coal in the mining industries. This has been further categorized by specific equipment used in the mining industry. The number of equipment units sold in each country, which is derived by referring to company publications, is added to derive the regional market size, in terms of volume. Additionally, the country-level mining association has been considered to derive the market. The market size, by value, has been arrived at by multiplying the average selling price of mining equipment by the number of units. The country-level data is added to obtain the total market size, in terms of value, in that region.

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in this report. The following figure is an illustrative representation of the overall market size estimation process employed for the purpose of this study.

Report Objectives

  • To define, describe, and forecast the global mining equipment market based on equipment type, propulsion, application, autonomous mining, electric mining equipment, and region
  • To forecast the mining equipment market size, by value, based on equipment category (drill & breaker, crushing, pulverizing, screening, mineral processing, surface mining, and underground mining)
  • To forecast the country-level mining equipment market size, by volume and value, based on surface equipment (crawler excavator, crawler dozer, motor grader, rigid dump truck, and articulated dump truck) and underground equipment (electric shovels, hydraulic excavators, wheel loaders, mining dozers, mining trucks, and drills)
  • To forecast the mining equipment market size, by volume and value, based on propulsion (diesel, gasoline, CNG/LNG/RNG)
  • To forecast the mining equipment market size, by volume and value, based on industry (mineral, metal, and coal)
  • To estimate and forecast the electric mining equipment market, by volume and value [mine trucks and Load Haul Dump (LHD)]
  • To forecast the autonomous mining equipment market size, by volume and value, based on application (surface and underground)
  • To forecast the mining equipment market size, by volume and value, with respect to 4 main regions (along with key countries)—Asia Oceania, Europe, North America, and RoW
  • To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with respect to individual growth trends and prospects and determine the contribution of each segment to the total market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and R&D in the mining equipment market

Scope of the Report

Report Metric

Details

Market Size Available for Years

2016–2025

Base Year Considered

2017

Forecast Period

2018–2025

Forecast Units

Value (USD million/billion) and Volume (units)

Segments Covered

By Equipment Category, By Industry, By Propulsion, By Electrical Mining Equipment, By Autonomous Mining Equipment, By Region,

Geographies Covered

Asia Oceania, Europe, North America, and RoW

Companies Covered

Caterpillar (US), Volvo (Sweden), Komatsu (Japan), Sandvik (Sweden), and Libherr (Switzerland) among others with a total of 22 companies covered.

This research report categorizes the exhaust system market based on equipment category, by propulsion, by electrical mining equipment, by autonomous mining equipment, by region, by industry.

Mining Equipment Market, By Equipment Category

  • Crushing, Pulverizing, Screening
  • Drills & Breakers
  • Mineral Processing
  • Surface Mining
    • Crawler Excavator
    • Crawler Dozer
    • Motor Grader
    • Rigid Dump Truck
    • Articulated Dump Truck
  • Underground Mining
    • Electric Shovels
    • Hydraulic Excavators
    • Wheel Loaders
    • Mining Dozers
    • Mining Trucks
    • Drills

Mining Equipment Market, By Industry

  • Coal
  • Metal
  • Mineral

Mining Equipment Market, By Propulsion

  • Diesel
  • CNG/LNG/Others
  • Gas

Electric Mining Equipment Market, By Equipment Type

  • Mining Trucks
  • LHD

Autonomous Mining Equipment Market, By Equipment Category

  • Underground Mining
  • Surface Mining

Mining Equipment Market, By Region

  • Asia Oceania
    • India
    • Japan
    • China
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • North America
    • US
    • Canada
    • Mexico
  • Rest of the World (RoW)
    • Brazil
    • Russia
    • South Africa
    • Rest of RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Mining Equipment Market, By Country & Equipment Category

  • Crushing, Pulverizing, Screening
  • Drills & Breakers
  • Mineral Processing

Mining Equipment Market, By Propulsion Type & By Country

  • Diesel
  • CNG/LNG/Others
  • Gas
Report Code
AT 6792
Published ON
Dec, 2018
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