Coal Handling Equipment Market in the Mining Industry by Application and Geography - Forecast and Analysis 2022-2026

The predicted growth for the coal handling equipment system market share in the mining industry from 2021 to 2026 is USD 2.25 billion at a progressing CAGR of 3.81%. Our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years. The coal handling equipment market in the mining industry report offers information on several market vendors, including AB Volvo, Caterpillar inc., CNH industrial NV, Deere and Co., Doosan infracore Co. Ltd., Elecon Engineering Co. Ltd., Epiroc AB, FEECO international inc., General Kinematics Corp., Hitachi Construction Machinery Co. Ltd., KBR inc., Komatsu Mining Corp., Liebherr international AG, N.M. Heilig B.V., RPM Solutions, Rubble Master HMH GmbH, Sandvik AB, SANY Group, Terex Corp., and Xuzhou Construction Machinery Group Co. Ltd. among others. Furthermore, this coal handling equipment system market in the mining industry forecast report extensively covers segmentation by:

• Application - Underground mining, surface mining, and coal processing
• Geography - APAC, Europe, North America, South America, and Middle East and Africa

What will the Coal Handling Equipment Market Size in the Mining Industry be During the Forecast Period?

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Coal Handling Equipment Market in the Mining Industry: Key Drivers, Trends, and Challenges

The increasing demand for coal from end-user industries in Southeast Asia, Africa, Russia, and Turkey is notably driving the coal handling equipment market growth in the mining industry, although factors such as a rise in the renewable sources of energy may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coal handling equipment market in the mining industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Coal Handling Equipment Market Driver in the Mining Industry

• The increasing demand for coal from end-user industries in Southeast Asia, Africa, Russia, and Turkey is one of the key drivers supporting the coal handling equipment market growth in the mining industry. 
• Coal is used to produce pig iron in the primary steelmaking route. It is used in sinter plants and blast furnaces, which are part of the integrated steel plants that produce steel using iron ore, coking coal, and fluxes. 
• The increase in the steelmaking capacity of various countries to cater to the steel demand from domestic or export markets is expected to drive the demand for coking coal during the forecast period.
• Cement is the third-largest coal-consuming industry after the power generation and steel industries. The raw materials melt together, and the process results in the formation of clinker, which is mixed with gypsum and grounded into fine powder to produce cement.
• India, Vietnam, and Nigeria are expected to be the largest markets for cement due to the significant growth of their respective construction industries. This, in turn, will drive the coal handling equipment market growth in the mining industry during the forecast period.

Key Coal Handling Equipment Market Trend in the Mining Industry

• Electrification of mining equipment is one of the key coal handling equipment market trends in the mining industry fueling the market growth.
• Most of the traditional underground mining activities require extensive ventilation systems as traditional mining equipment is powered by a diesel engine.
• Installing and operating a ventilation system in an underground mine will incur significant capital investments and operating costs for underground coal mine operators, and these costs increase as the depth of the mine increases.
• Electric mining equipment does not cause emissions, which limits the need for a very powerful underground mining ventilation system to take out exhaust gases.
• The diesel used in traditional mining equipment is approximately five times costlier than the electricity consumed by electric mining equipment. Thus, the benefits of electrification of mining equipment will drive the coal handling equipment market growth during the forecast period.

Key Coal Handling Equipment Market Challenge in the Mining Industry

• A rise in the renewable sources of energy is one of the key factors challenging the coal handling equipment market growth in the mining industry.
• Countries are inclining towards renewable energy sources, owing to growing concerns for climate change, the environment, and health impacts. 
• The substantial demand for renewable energy is expected to triple the offshore wind energy capacity by the end of 2024, with major developments to be witnessed across the European Union, China, and the US.
• India is aiming to increase its renewable energy capacity from the current 30 GW to 175 GW by 2022. Thus, such rise in renewable sources of energy will have a negative impact on the coal handling equipment market growth in the mining industry during the forecast period.

This coal handling equipment market in the mining industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global coal handling equipment market in the mining industry as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coal handling equipment market in the mining industry during the forecast period.

Who are the Major Coal Handling Equipment Market in the Mining Industry Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AB Volvo
• Caterpillar inc.
• CNH industrial NV
• Deere and Co.
• Doosan infracore Co. Ltd.
• Elecon Engineering Co. Ltd.
• Epiroc AB
• FEECO international inc.
• General Kinematics Corp.
• Hitachi Construction Machinery Co. Ltd.
• KBR inc.
• Komatsu Mining Corp.
• Liebherr international AG
• N.M. Heilig B.V.
• RPM Solutions
• Rubble Master HMH GmbH
• Sandvik AB
• SANY Group
• Terex Corp.
• Xuzhou Construction Machinery Group Co. Ltd.

 

This statistical study of the coal handling equipment market in the mining industry encompasses successful business strategies deployed by the key vendors. The coal handling equipment market in the mining industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product insights and News

• Volvogroup.com - The company offers coal handling equipment in the mining industry such as coal transport which is built for rough terrain to carry a higher volume of coal.
• Cat.com - The company offers coal handling equipments in the mining industry such as hydraulic mining shovels and dozers.
• Cnhindustrial.com - The company offers coal handling equipment in the mining industry such as 770EX Backhoe Loaders.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The coal handling equipment market in the mining industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Coal Handling Equipment Market in the Mining Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the coal handling equipment market in the mining industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Coal Handling Equipment Market in the Mining Industry?

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33% of the market's growth will originate from Europe during the forecast period. Germany and France are the key markets for the coal handling equipment market in the mining industry in Europe. Market growth in this region will be slower than the growth of the market in Middle East and Africa.

The increasing export of thermal coal will facilitate the coal handling equipment market in the mining industry growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 led to a further decline in coal production and consumption in the region. However, rising production activities in the region in 2021 are leading to an increase in the demand for electricity, which positively impacts the regional coal handling equipment market in the mining industry in focus. 

What are the Revenue-generating Application Segments in the Coal Handling Equipment Market in the Mining Industry?

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The coal handling equipment market share growth in the mining industry by the underground mining segment will be significant during the forecast period. The underground mining of coal is performed when coal deposits are more than 300 feet below the Earth's surface. The amount of coal recovered per unit volume of underground mines is very less compared with that of surface mines as columns and walls of coal are left untouched to prevent the collapse of coal mines. Underground mines expose mine workers to very high safety hazards. Thus, the level of mechanization and automation in underground coal mines is very high. Such benefits of using underground mining will drive the coal handling equipment market share growth in the mining industry during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the coal handling equipment market size in the mining industry and actionable market insights on post COVID-19 impact on each segment.

 

Coal Handling Equipment Market Scope in The Mining Industry
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.81%
Market growth 2022-2026	$ 2.25 billion
Market structure	Fragmented
YoY growth (%)	2.45
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	Europe at 33%
Key consumer countries	US, China, india, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AB Volvo, Caterpillar inc., CNH industrial NV, Deere and Co., Doosan infracore Co. Ltd., Elecon Engineering Co. Ltd., Epiroc AB, FEECO international inc., General Kinematics Corp., Hitachi Construction Machinery Co. Ltd., KBR inc., Komatsu Mining Corp., Liebherr international AG, N.M. Heilig B.V., RPM Solutions, Rubble Master HMH GmbH, Sandvik AB, SANY Group, Terex Corp., and Xuzhou Construction Machinery Group Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Coal Handling Equipment Market in the Mining Industry Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive coal handling equipment market in the mining industry growth during the next five years
• Precise estimation of the coal handling equipment market size in the mining industry and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the coal handling equipment market in the mining industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of coal handling equipment market vendors in the mining industry 

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