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Published: Mar, 2014 | Pages:
82 | Publisher: Grand View Research
Industry: Exploration and Drilling | Report Format: Electronic (PDF)
The global market for mining equipment is expected to reach USD 147.69 billion by 2020. Growth in mining activities such as drilling and earth moving is expected to boost demand for shredders, loaders and crushers among other mining equipment. Increasing demand for fertilizer minerals is also expected to favorably impact market demand over the forecast period.
Mining operations rely on major mineral production regions such as North America, Australia, South Africa, etc. Water scarcity and dry spells in these regions has resulted in growing demand for effective mining solutions. Technologically advanced mining solutions are also estimated to witness growing adoption due to the need for robust hardware in mining locations. However, mining equipments produce harmful gases including carbon monoxide and sulfur oxides, which adversely affect the environment. This is expected to be curbed by the development of hybridization applications in the coming years.
Further key findings from the study suggest:
Surface mining equipment accounted for over 36% of the global market in 2013; it is expected to continue being the largest product segment over the forecast period. Demand for these equipments including service trucks, bulk trucks, bulldozers, etc. is estimated to be driven by demand for commodities such as iron ore and bauxite. Mining drills and breakers are expected to witness the fastest growth over the next six years, at an estimated CAGR of 10.2% from 2014 to 2020.
Metal mining is expected to be the largest and fastest growing application market over the next six years. Price-driven increases in resource exploration and mine development activity are expected to be the key driving forces for expected growth in metal mining application. Furthermore, growing demand for precious metals such as gold, silver, and platinum is expected to favorably impact segment growth. It accounted for over 41% of the overall market share in 2013, and is expected to grow at a CAGR of 8.7% from 2014 to 2020.
Asia Pacific and accounted for over 59% of global mining equipment demand in 2013, and is expected to dominate the market over the next six years, at an estimated CAGR of 8.7% from 2014 to 2020, primarily due to high estimated demand from China. Growing mine production and machinery sales is expected to fuel regional growth over the forecast period. Government restrictions on coal fired power plants and coal mine operations in the U.S. may act as a barrier to overall revenue generation.
Key industry participants include Caterpillar Inc., Hitachi Construction Machinery, Komatsu Limited, Atlas Copco AB and Sandvik AB among others. Companies operating in the market require high capital investment, and equipment production needs the presence of large production lines as well as meeting safety standards. Market participants focus on investment in R&D activities to drive innovation; strategic partnerships and mergers and acquisitions are among other growth strategies followed.
For the purpose of this study, GrandView Research has segmented the global mining equipment market on the basis of product, application and region:
Mining Equipment Product Outlook (Revenue, 2012 - 2020)
Mining Drills & Breakers
Crushing, Pulverizing & Screening Equipment
Mineral Processing Machinery
Surface Mining Equipment
Underground Mining Machinery
Others
Mining Equipment Application Outlook (Revenue, 2012 - 2020)
Metal Mining
Mineral Mining
Coal Mining
Mining Equipment Regional Outlook (Revenue, 2012 - 2020)
North America
Europe
Asia Pacific
RoW
Table of Contents
Chapter 1 Executive Summary 1.1 Mining Equipment - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Mining Equipment Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Mining Equipment Value Chain Analysis 2.4 Mining Equipment Market Dynamics 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Mining Equipment - Company Market Share Analysis 2.8 Mining Equipment - PESTEL Analysis Chapter 3 Mining Equipment Product Outlook 3.1 Mining Drills & Breakers 3.2 Crushing, Pulverizing & Screening Equipment 3.3 Mineral Processing Machinery 3.4 Surface Mining Equipment 3.5 Underground Mining Machinery 3.6 Others Chapter 4 Mining Equipment Application Outlook 4.1 Metal Mining 4.2 Mineral Mining 4.3 Coal Mining Chapter 5 Mining Equipment Regional Outlook 5.1 North America 5.2 Europe 5.3 Asia Pacific 5.4 RoW Chapter 6 Mining Equipment Competitive landscape 6.1 Atlas Copco AB 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 Boart Longyear Ltd. 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 Caterpillar Inc. 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 China Coal Technology & Engineering Group 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 China National Coal Mining Equipment 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6 FLSmidth & Co. A/S 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives 6.7 Hitachi Construction Machinery 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8 Joy Global Inc. 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9 Komatsu Limited 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10 Metso 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives 6.11 Northern Heavy Industries Group 6.11.1 Company Overview 6.11.2 Financial Performance 6.11.3 Product Benchmarking 6.11.4 Strategic Initiatives 6.12 Outotec 6.12.1 Company Overview 6.12.2 Financial Performance 6.12.3 Product Benchmarking 6.12.4 Strategic Initiatives 6.13 Sandvik AB 6.13.1 Company Overview 6.13.2 Financial Performance 6.13.3 Product Benchmarking 6.13.4 Strategic Initiatives 6.14 Zhengzhou Coal Mining Machinery Group 6.14.1 Company Overview 6.14.2 Financial Performance 6.14.3 Product Benchmarking 6.14.4 Strategic Initiatives Chapter 7 Methodology & Scope 7.1 Research Methodology 7.2 Research Scope & Assumptions 7.3 List of Data Sources List of Tables
Mining Equipment - Industry Summary & Critical Success Factors (CSFs) Global mining equipment market revenue, 2012 - 2020 Global mining equipment market revenue by region , 2012 - 2020 (USD Million) Global mining equipment market revenue by product , 2012 - 2020 (USD Million) Global mining equipment market revenue by application , 2012 - 2020 (USD Million) Global mining drills & breakers demand (Revenue), 2012 - 2020 Global mining drills & breakers demand by region (Revenue), 2012 - 2020 Global crushing, pulverizing & screening equipment demand (Revenue), 2012 - 2020 Global crushing, pulverizing & screening equipment demand by region (Revenue), 2012 - 2020 Global mineral processing machinery demand (Revenue), 2012 - 2020 Global mineral processing machinery demand by region (Revenue), 2012 - 2020 Global surface mining equipment demand (Revenue), 2012 - 2020 Global surface mining equipment demand by region (Revenue), 2012 - 2020 Global underground mining machinery demand (Revenue), 2012 - 2020 Global underground mining machinery demand by region (Revenue), 2012 - 2020 Global other mining equipment demand (Revenue), 2012 - 2020 Global other mining equipment demand by region (Revenue), 2012 - 2020 Global metal mining equipment demand (Revenue), 2012 - 2020 Global metal mining equipment demand by region (Revenue), 2012 - 2020 Global mineral mining equipment demand (Revenue), 2012 - 2020 Global mineral mining equipment demand by region (Revenue), 2012 - 2020 Global coal mining equipment demand (Revenue), 2012 - 2020 Global coal mining equipment demand by region (Revenue), 2012 - 2020 North America mining equipment market by product , 2012 - 2020 (USD Million) North America mining equipment market by application , 2012 - 2020 (USD Million) Europe mining equipment market by product , 2012 - 2020 (USD Million) Europe mining equipment market by application , 2012 - 2020 (USD Million) Asia Pacific mining equipment market by product , 2012 - 2020 (USD Million) Asia Pacific mining equipment market by application , 2012 - 2020 (USD Million) RoW mining equipment market by product , 2012 - 2020 (USD Million) RoW mining equipment market by application , 2012 - 2020 (USD Million) List of Figures Mining equipment market segmentation Global mining equipment market (Revenue), 2012 - 2020 Mining equipment value chain analysis Mining equipment market dynamics Mining equipment company market share analysis, 2012 Key opportunities prioritized Industry analysis - Porter's Mining equipment PESTEL analysis, 2012 Mining equipment market share by product, 2012 & 2020 Global mining drills & breakers market demand (Revenue), 2012 - 2020 Global crushing, pulverizing & screening equipment market demand (Revenue), 2012 - 2020 Global mineral processing machinery market demand (Revenue), 2012 - 2020 Global surface mining equipment market demand (Revenue), 2012 - 2020 Global underground mining machinery market demand (Revenue), 2012 - 2020 Global other mining equipment market demand (Revenue), 2012 - 2020 Mining equipment market share by application, 2012 & 2020 Global metal mining equipment market demand (Revenue), 2012 - 2020 Global mineral mining equipment market demand (Revenue), 2012 - 2020 Global coal mining equipment market demand (Revenue), 2012 - 2020 Mining equipment market share by region, 2012 & 2020 North America mining equipment market revenue, by product, 2012 - 2020 North America mining equipment market revenue, by application, 2012 - 2020 Europe mining equipment market revenue, by product, 2012 - 2020 Europe mining equipment market revenue, by application, 2012 - 2020 Asia Pacific mining equipment market revenue, by product, 2012 - 2020 Asia Pacific mining equipment market revenue, by application, 2012 - 2020 RoW mining equipment market revenue, by product, 2012 - 2020 RoW mining equipment market revenue, by application, 2012 - 2020
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