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Global Mining Equipment Market 2018-2022

  • Published: Oct 2018
  • Pages: 129
  • SKU: IRTNTR21149
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The global mining equipment market size will grow by USD 40.68 billion during 2018-2022. This report offers an analysis of the market based on product (surface mining equipment, underground mining equipment, crushing, pulverizing, and screening equipment, mining drills and breakers, mineral processing machinery and others) and application (coal mining, metal mining and mineral mining). The mining equipment market research report further presents an in-depth insight on the growth prospects of the market across geographic regions such as the Americas, APAC and EMEA. The report analyzes the market’s competitive landscape and offers information on several companies including Atlas Copco, Caterpillar, Komatsu, Metso and Sandvik.

Below are some of the key findings from the mining equipment market analysis:

Mining Equipment Market

 

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Global mining equipment industry overview

Mining companies move mined ores from mines to processing units with the help of mining equipment such as draglines, excavators and transport trucks. These machines must operate with limited downtime to ensure seamless operations and reduce the operating expenditure. This compels them to adopt advanced technologies such as artificial intelligence (AI) and automation to improve their operational efficiency. For instance, Rio Tinto uses driverless trucks developed by Komatsu, which uses accurate global positioning systems (GPS) and radar and laser sensors to maneuver obstacles. Rio Tinto estimated that over 15% cost savings can be realized by using driverless trucks rather than human-operated trucks for mining operations. The growing dependence on the automation and AI in mining is one of the critical reasons that will drive the mining equipment market’s growth.

The need for metals and minerals is increasing with the growing adoption of clean energy products such as EVs because the batteries used in these vehicles are produced from metal and minerals. The growing need for metals and minerals such as iron, lead, nickel, cobalt, silver, palladium, aluminum, gold and manganese results in an increased demand for mining activity. This will drive the mining equipment market to grow at a CAGR of over 7% during the forecast period. To manufacture batteries for clean energy products, many mining companies are increasing their investments to mine metal and minerals.

Top mining equipment companies covered in this market research report

The mining equipment market is highly concentrated. Some established companies are offering products such as underground mining equipment and rock reinforcement equipment. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this mining equipment industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.

The report offers a complete analysis of various companies including:

  • Atlas Copco
  • Caterpillar
  • Komatsu
  • Metso
  • Sandvik

Mining equipment market segmentation based on product

  • Surface mining equipment
  • Underground mining equipment
  • Crushing, pulverizing, and screening equipment
  • Mining drills and breakers
  • Mineral processing machinery
  • Others

The surface mining equipment market segment will account for the highest share of the mining equipment market because the adoption of surface mining equipment minimizes costs. It also improves the productivity of mining activity and reduces wastage.

Mining equipment market segmentation based on application

  • Coal mining
  • Metal mining
  • Mineral mining

The coal mining segment will account for the highest share of the mining equipment market due to the increasing use of non-traditional sources of mining. Mining companies are exploring new sources of mining such as volcanoes.

Key highlights of the global mining equipment market for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the mining equipment market during the next five years
  • Precise estimation of the global mining equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mining equipment industry across various geographies such as the Americas, APAC and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on factors that will challenge the growth of multivariable transmitters companies

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Surface mining equipment – Market size and forecast 2017-2022
  • Underground mining equipment – Market size and forecast 2017-2022
  • Crushing, pulverizing, and screening equipment – Market size and forecast 2017-2022
  • Mining drills and breakers – Market size and forecast 2017-2022
  • Mineral processing machinery – Market size and forecast 2017-2022
  • Others – Market size and forecast 2017-2022
  • Market opportunity by product

PART 08: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Coal mining – Market size and forecast 2017-2022
  • Metal mining – Market size and forecast 2017-2022
  • Mineral mining – Market size and forecast 2017-2022
  • Market opportunity by application

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC – Market size and forecast 2017-2022
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 13: MARKET TRENDS

  • Rising adoption of automation and AI in mining
  • Increasing use of drones in mine surveillance systems
  • Rising adoption of mobile technology and IoT

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitor landscape

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Atlas Copco
  • Caterpillar
  • Komatsu
  • Metso
  • Sandvik

PART 16: LIST OF ABBREVIATIONS

  • Appendix

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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