Universal Growing $173.21 Bn Mining Equipment Market | Joy Global Inc., Komatsu Ltd., Atlas Copco, Caterpillar Inc., Metso Corporation and Sandvik AB

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

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.

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.

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Industry Overview:

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.

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.

The global mining equipment market is segmented as follows –

Mining Equipment Market, By Product:

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

Mining Equipment Market, By Application:

Metal mining
Mineral mining
Coal mining

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.

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Mining Equipment Market, 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, Others

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.

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)
...

List of Figures:

Figure 1.Global Mining Equipment MarketShare, By Product, 2016 & 2025
Figure 2.Global Mining Equipment Market, By Application, 2016, ($Million)
Figure 3.Global Mining Equipment Market, By Region, 2016, ($Million)
Figure 4.Atlas Copco AB: Net Revenues, 2014-2016 ($Million)
Figure 5.Atlas Copco AB: Net Revenue Share, By Segment, 2016
...

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Reason to Buy -

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Mining Equipment market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

TO BE CONTINUED…

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