Mining Equipment Market by Product and Application - Global Industry Analysis and Forecast to 2022

2018-05-30 / 3800.00 / Energy / 120 Pages

Description

Industry Trend Analysis

In 2012, the global mining equipment market was evaluated around USD 79.35 billion and is expected to reach approximately USD 173.21 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 8.12% over the forecast period. Technological advancements like data transmission via real-time monitoring of activities and cloud networks have ensued in the growing utilization of smart mining solutions extending significant benefits across traditional mechanical products. The conversion from subversive to economical and innovative open pit mining is estimated to drive the demand for the next few years. Also, the expansion of high-performance tools has made it feasible without increasing the costs to a remove ores of declining grades. This drift is gradually noticeable in numerous steel manufacturing enterprises engaging to penetrate the mineral exploration segment for ensuring their sources of iron ore and coking coal at an affordable cost. The decreasing capital spending has affected the products demand negatively over the recent years. Though, the tough demand for drilling and exploration operations and the rising growths in this segment are anticipated to contribute to the market growth positively. Moreover, market players are concentrating on enhancing productivity, efficiency, and cost decline in their processes to defend their revenue margins. The growing inclination towards spreading novel technologies and funding the renewable installations is boosting the expansion of automated exploration processes and equipment for improving energy consumption. Various new technologies like machine learning and genomic solutions for declining the collecting data, labor costs, and sharing via cloud-based networks, are generating a high prospective for a positive change in the implementation of this equipment. The demands of the drilling & exploration and oil & gas industries are overlapping for alleviating the required support operations. Despite the uncertain safety issues and small commodity costing struggles in the market, the developing exploration drifts are anticipated to present sufficient opportunities for growth and improvement of the global market.



Product Outlook and Trend Analysis

In 2015, drills & breakers reported for around 10.5% of the market share. The promoting demand for the secretive exploration of coal, minerals, and metal is anticipated to affect the market positively during the forecast years. The robust technology-based effective drilling solutions development is also projected to fuel the market growth. In 2015, the surface mining equipment ruled the market. This can be assigned to the lifting demand from the substitute market due to consumption of energy and safety policies together with strict emission measures. The rising domestic demand from the developing nations like India, China, South Africa, and Brazil, due to the quick escalating automation across the metal exploration industry, is anticipated to actuate the growth of the global market.

Application Outlook and Trend Analysis

In 2015, the metal mining application seized the leading revenue of around USD 27 billion, which can be assigned to the rising exploration and resource activities. Furthermore, the growing requirement for base metals, like copper, gold, silver, platinum, and others, is anticipated to bestow to the growth of market revenue. The requirement for gold has supported owing to its financial, emotional, and cultural value and is anticipated to increase further in the emerging countries.

Regional Outlook and Trend Analysis

In 2015, the Asia Pacific mining equipment industry reported for around 60% of the market share, due to the existence of robust countries such as India, China, and Australia. Organizations in India are outsourcing ventures to mining service organizations with the segments becoming more prepared in the nation. The unexplored drilling and exploration potential in the country is projected to supply large market growth opportunities over the projected period. Furthermore, the opportunities for mineral exploration, infrastructure, and resources are escalating in the Middle East Asia region with the advent of fresh laws looking for funds.

Competitive Outlook and Trend Analysis

Few of the major market players are Joy Global Inc., Komatsu Ltd., Atlas Copco, Caterpillar Inc., Metso Corporation, and Sandvik AB. The amplified concentration on the different business aspects combined with cost-cutting in services and products are the strategies integrated by market players till the market gains its earlier impulse. Market players are also concentrating on present products with GPS technology, electronic control modules, and database instruments for improving product offering.

The global mining equipment market is segmented as follows –

By Product


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


By Application


Metal mining
Mineral mining
Coal mining


By Region


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates


o Others

Some of the key questions answered by the report are:

· What was the market size in 2012 and forecast from 2013 to 2022`

· What will be the industry market growth from 2013 to 2022`

· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`

· What are the major segments leading the market growth and why`

· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Decreasing Ore Grades
3.2.1.2. Technological Innovation Driving The Heavy Equipment Demand
3.2.1.3. Technological Advancements in the Mining Industry
3.2.2. Restraints
3.2.2.1. High Machinery Cost
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Mining Equipment Market, By Product
4.1. Introduction
4.2. Mining Equipment MarketAssessment and Forecast, By Product, 2012-2022
4.3. Mining Drills & Breakers
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Crushing, Pulverizing & Screening Equipment
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. Mineral processing machinery
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.6. Surface mining equipment
4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.7. Underground mining machinery
4.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.8. Other Products
4.8.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5. Mining Equipment Market, By Application
5.1. Introduction
5.2. The Mining Equipment Market Assessment and Forecast, By Application, 2012-2022
5.3. Metal mining
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4. Mineral mining
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.5. Coal mining
5.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
6. Mining Equipment Market, By Region
6.1. Introduction
6.2. Mining Equipment Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.3. Mining Equipment Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4. North America
6.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.4.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.4. U.S.
6.4.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.5. Canada
6.4.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.4.6. Mexico
6.4.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5. Europe
6.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.5.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.4. Germany
6.5.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.5. France
6.5.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.6. UK
6.5.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.7. Italy
6.5.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.8. Spain
6.5.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.5.9. Rest of Europe
6.5.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6. Asia-Pacific
6.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.6.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.4. Japan
6.6.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.5. China
6.6.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.6. Australia
6.6.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.7. India
6.6.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.8. South Korea
6.6.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.6.9. Rest of Asia-Pacific
6.6.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7. Rest of the World
6.7.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.7.2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.3. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.4. Brazil
6.7.4.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.4.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.5. Turkey
6.7.5.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.6. Saudi Arabia
6.7.6.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.7. South Africa
6.7.7.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.8. United Arab Emirates
6.7.8.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.7.9. Others
6.7.9.1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2012-2022 ($Million)
7. Company Profiles
7.1. Atlas Copco AB
7.1.1. Business Overview
7.1.2. ProductPortfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2. Boart Longyear Ltd.
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3. Caterpillar Inc.
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4. China Coal Technology and Engineering Group Corp.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Key Financials
7.4.4. Strategic Developments
7.5. China National Coal Mining Equipment
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.6. FLSmidth& Co. A/S
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7. Hitachi Construction Machinery Co., Ltd.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.8. Joy Global Inc.
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.9. Komatsu Ltd.
7.9.1. Business Overview
7.9.2. ProductPortfolio
7.9.3. Key Financials
7.9.4. Strategic Developments
7.10. Metso Corporation
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
7.11. Northern Heavy Industries Group Co. Ltd.
7.11.1. Business Overview
7.11.2. Product Portfolio
7.11.3. Key Financials
7.11.4. Strategic Developments


Table of Figures

List of Tables
Table 1.Global Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 2.Mining Drills & Breakers Market, By Region, 2012-2022 ($Million)
Table 3.Crushing, Pulverizing & Screening EquipmentMarket, By Region, 2012-2022 ($Million)
Table 4.Mineral Processing Machinery Market, By Region, 2012-2022 ($Million)
Table 5.Surface Mining EquipmentMarket, By Region, 2012-2022 ($Million)
Table 6.Underground Mining Machinery Market, By Region, 2012-2022 ($Million)
Table 7.Other ProductsMarket, By Region, 2012-2022 ($Million)
Table 8.Global Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 9.Metal Mining Market, By Region, 2012-2022 ($Million)
Table 10.Mineral MiningMarket, By Region, 2012-2022 ($Million)
Table 11.Coal Mining Market, By Region, 2012-2022 ($Million)
Table 12.North America Mining Equipment Market, By Country, 2012-2022 ($Million)
Table 13.North America Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 14.North America Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 15.U.S. Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 16.U.S. Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 17.Canada Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 18.Canada Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 19.Mexico Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 20.Mexico Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 21.Europe Mining Equipment Market, By Country, 2012-2022 ($Million)
Table 22.Europe Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 23.Europe Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 24.Germany Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 25.Germany Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 26.France Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 27.France Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 28.UK Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 29.UK Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 30.Italy Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 31.Italy Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 32.Spain Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 33.Spain Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 34.Rest of Europe Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 35.Rest of Europe Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 36.Asia-Pacific Mining Equipment Market, By Country, 2012-2022 ($Million)
Table 37.Asia-Pacific Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 38.Asia-Pacific Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 39.Japan Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 40.Japan Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 41.China Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 42.China Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 43.Australia Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 44.Australia Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 45.India Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 46.India Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 47.South Korea Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 48.South Korea Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 49.Rest of Asia-Pacific Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 50.Rest of Asia-Pacific Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 51.Rest of the World Mining Equipment Market, By Country, 2012-2022 ($Million)
Table 52.Rest of the World Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 53.Rest of the World Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 54.Brazil Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 55.Brazil Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 56.Turkey Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 57.Turkey Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 58.Saudi Arabia Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 59.Saudi Arabia Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 60.South Africa Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 61.South Africa Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 62.United Arab Emirates Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 63.United Arab Emirates Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 64.Others Mining Equipment Market, By Product, 2012-2022 ($Million)
Table 65.Others Mining Equipment Market, By Application, 2012-2022 ($Million)
Table 66.Atlas Copco AB: Key Strategic Developments, 2015-2017
Table 67.Boart Longyear Ltd.: Key Strategic Developments, 2015-2017
Table 68.Caterpillar Inc.: Key Strategic Developments, 2015-2017
Table 69.China Coal Technology and Engineering Group Corp.: Key Strategic Developments, 2015-2017
Table 70.China National Coal Mining Equipment: Key Strategic Developments, 2015-2017
Table 71.FLSmidth & Co A/S: Key Strategic Developments, 2015-2017
Table 72.Hitachi Construction Machinery Co. Ltd.: Key Strategic Developments, 2015-2017
Table 73.Joy Global Inc.: Key Strategic Developments, 2015-2017
Table 74.Komatsu Ltd.: Key Strategic Developments, 2015-2017
Table 75.Metso Corporation: Key Strategic Developments, 2015-2017
Table 76.Northern Heavy Industries Group Co. Ltd.: Key Strategic Developments, 2015-2017

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