Growth in the world mining equipment market will average 7.0 percent per year through 2019 to $105 billion. An expected increase in commodity prices by 2019 will fuel investment in mining equipment demand. Rising mechanization rates in developing nations will also contribute to equipment sales.
This report segmen
ts the world mining equipment industry by market, product, and region. Data is provided in million US dollars.
Metals mining will continue to account for the largest share of equipment demand through 2019, comprising 43 percent of the market. The metals mining and minerals mining markets will also record the fastest increases in demand through 2019. The metals mining market is expected to benefit from rising commodity prices, while minerals mining will be spurred by increased construction expenditures.
Major mining equipment products include:
Surface Mining Machinery
Underground Mining Machinery
Mining Drills and Breakers
Crushing, Pulverizing, and Screening Equipment
Mineral Processing and Other Machinery
Parts and Attachments
Surface mining equipment will remain the leading mining equipment product, accounting for 25 percent of the market. The most rapid gains through 2019 are forecast for mining drills and breakers due to their use in nearly all mining applications. Additionally, growing use of in situ leach mining techniques bolsters demand for drills.
A large number of companies participate in the world mining equipment industry, although at the top end a handful of producers comprise a large share of global sales. Leading producer include Atlas Copco, Belarusian Autoworks, Bradken, Caterpillar, China Coal Energy, CNH Industrial, Doosan Infracore, Hitachi, Joy Global, Komatsu, Liebherr-International, Metso, Sandvik, ThyssenKrupp, Tiandi Science & Technology, and Volvo.
Scope of the report
This report covers the scope, size, and growth of the $74 billion world mining equipment industry. For six world region and 20 countries, the study includes historical product demand 2004, 2009, and 2014 and product demand forecasts for 2019 and 2024.
Regions covered in this report include:
Central & South America