The future of the global mining equipment industry looks good with opportunities in the surface and underground mining segment. The global mining equipment industry is expected to reach an estimated $80.8 billion by 2021, and it is forecast to grow at a CAGR of 2.3% from 2016 to 2021. The major drivers of growth for this industry are increasing coal and metal exploration and growth in manufacturing activities.
Emerging trends which have a direct impact on the dynamics of the mining equipment industry include the development of underground automation systems, the introduction of automatic power crushers and multi-functional excavators, the use of hybrid electric motors, rail-veyor technology for bulk material haulage solutions.
A total of 113 figures / charts and 41 tables are provided in this 163-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the mining equipment market report, download the report brochure.
The study includes mining equipment market size and forecast for the global mining equipment market through 2021segmented by application type and region as follows:
Mining equipment market by product type [$ billion from 2010 to 2021]:
Underground mining machinery
Surface mining equipment
Drills and Breaker
Crushing, Pulverizing, Screening equipment
Mineral processing machinery
Parts and attachment
Mining equipment market by application [$ billion from 2010 to 2021]:
Mining equipment market by region [$ billion from 2010 to 2021]:
Rest of the World
Mining equipment companies profiled in this market report includes Caterpillar Inc., Hitachi Construction Machinery Co., Komatsu ltd, Joy Global Inc., and Atlas Copco are the major mining equipment manufacturers in the global mining equipment industry. Some companies are also pursuing mergers and acquisitions as strategic initiatives for driving growth.
On the basis of its comprehensive research, Lucintel forecasts that the crushing, pulverizing, screening equipment segment is expected to show above average growth during the forecast period of 2016 to 2021 due to resource exploration and increasing mining activity.
Within the global mining equipment market, the surface mining equipment segment is expected to remain the largest market. The shift of mining operations to geographical terrain is the major factor that would spur growth for this segment over the forecast period. Surface mining is more prevalent, due to increasing adoption of mining techniques like strip mining and open pit mining.
APAC is expected to remain the largest market due to increasing coal and metal exploration activities for power generation and rising metal consumption due to large scale infrastructure development.
Some of the features of “Global Mining Equipment Industry 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
Market size estimates: Growth opportunities in the global mining equipment market in terms of value ($B) shipment
Trend and forecast analysis: Global mining equipment market trend (2010-2015) and forecast (2016-2021) by region and segment
Segmentation analysis: Global mining equipment market size from 2010 to 2021 by product type , and application type.
Regional analysis: Global mining equipment market breakdown by key regions of North America, Europe, Asia Pacific and the Rest of the World
Growth opportunities: Analysis of growth opportunities in different product type, application type and regions of mining equipment market.
Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global mining equipment suppliers.
Emerging applications: Emerging applications of mining equipment in the global mining equipment industry.
Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mining equipment industry by product (surface mining equipment, underground mining machinery, drills and breakers, crushing, pulverizing, screening equipment, mineral processing machinery, and parts and attachment), application (metal, mineral, and coal) and region (North America, Europe, APAC, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this mining equipment market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing customer demands of in the mining equipment market?
Q.8. What are the new developments in the market? Which mining equipment companies are leading these developments?
Q.9. Who are the major mining equipment suppliers? What strategic initiatives are being taken by key players for business growth?
Q.10. What are some of the competing products of mining equipment companies in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M & A activity has occurred in the last 5 years.