Global Mining Equipment Market 2018-2022

Global Mining Equipment Market 2018-2022

About this market

Various technological advancements such as automation and artificial intelligence have been gaining traction in the mining industry. Owing to the increased need for improving the operational efficiency among the mining companies, manufacturers of mining equipment are focusing on incorporating modern technologies such as AI. Technavio’s analysts have predicted that the growing use of advanced technologies with conventional systems will allow the mining equipment market to register a CAGR of more than 7% by 2022.

Market Overview

Increased demand for minerals used in clean energy products

Growing environmental concerns and rising deforestation has been alarming the mining industry players, resulting in the increased use of clean energy products. Such adoption of clean energy products will further proliferate the need for metals and minerals obtained from the rigorous use of several mining equipment. This will further augment the market’s growth in the forthcoming years.

Threat of cyber-attacks in mining technology

The use of software solutions and technologies such as Internet of Things may result in data and financial theft as well as loss of control over equipment. Such threats of cyber-attacks may hamper the market’s growth during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the mining equipment market during the 2018-2022, view our report.

Competitive Landscape

The market appears to be concentrated owing to the presence of the few mining equipment manufacturers such as Metso, Caterpillar, and Komatsu. The market players are continuously focusing on adopting modern technologies for improving the quality of mining equipment used for different purposes in coal mining, metal mining, and mineral mining.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Mining Equipment Market 2018-2022

Technavio recognizes the following companies as the key players in the global mining equipment market: Atlas Copco, Caterpillar, Komatsu, Metso, Sandvik

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising adoption of automation and Artificial Intelligence in mining. The use of these technologies will help the mining equipment or machines for ensuring seamless operations.”

According to the report, one of the major drivers for this market is the growing mining activity owing to the rising demand for mining equipment for extracting minerals and metals for clean energy products.

Further, the report states that one of the major factors hindering the growth of this market is the rising threats of cyber-attacks in mining technology. The use of software solutions for creating operational plans and mine designs might lead to data theft, in turn, impacting the market’s growth adversely.

Companies Mentioned

Atlas Copco
Caterpillar
Komatsu
Metso
Sandvik

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global mining equipment market - Market size and forecast 2017-2022 ($bn)
      • Table Global mining equipment market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Surface mining equipment - Market size and forecast 2017-2022
      • Table Surface mining equipment - Market size and forecast 2017-2022 ($bn)
      • Table Surface mining equipment - Year-over-year growth 2018-2022 (%)
    • Underground mining equipment - Market size and forecast 2017-2022
      • Table Underground mining equipment - Market size and forecast 2017-2022 ($bn)
      • Table Underground mining equipment - Year-over-year growth 2018-2022 (%)
    • Crushing, pulverizing, and screening equipment - Market size and forecast 2017-2022
      • Table Crushing, pulverizing, and screening equipment - Market size and forecast 2017-2022 ($bn)
      • Table Crushing, pulverizing, and screening equipment - Year-over-year growth 2018-2022 (%)
    • Mining drills and breakers - Market size and forecast 2017-2022
      • Table Mining drills and breakers - Market size and forecast 2017-2022 ($bn)
      • Table Mining drills and breakers - Year-over-year growth 2018-2022 (%)
    • Mineral processing machinery - Market size and forecast 2017-2022
      • Table Mineral processing machinery - Market size and forecast 2017-2022 ($bn)
      • Table Mineral processing machinery - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($bn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Coal mining - Market size and forecast 2017-2022
      • Table Coal mining - Market size and forecast 2017-2022 ($bn)
      • Table Coal mining - Year-over-year growth 2018-2022 (%)
    • Metal mining - Market size and forecast 2017- 2022
      • Table Metal mining - Market size and forecast 2017-2022 ($bn)
      • Table Metal mining - Year-over-year growth 2018-2022 (%)
    • Mineral mining - Market size and forecast 2017- 2022
      • Table Mineral mining - Market size and forecast 2017-2022 ($ bn)
      • Table Mineral mining - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global mining equipment market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ bn)
      • Table APAC - Year over year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Americas - Year over year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table EMEA - Year over year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • 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
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitor landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Atlas Copco
      • Table Atlas Copco: Overview
      • Table Atlas Copco - Business segments
      • Table Atlas Copco - Organizational developments
      • Table Atlas Copco - Geographic focus
      • Table Atlas Copco - Segment focus
      • Table Atlas Copco - Key offerings
    • Caterpillar
      • Table Caterpillar: Overview
      • Table Caterpillar - Business segments
      • Table Caterpillar - Organizational developments
      • Table Caterpillar - Geographic focus
      • Table Caterpillar - Segment focus
      • Table Caterpillar - Key offerings
    • Komatsu
      • Table Komatsu: Overview
      • Table Komatsu - Business segments
      • Table Komatsu - Organizational developments
      • Table Komatsu - Geographic focus
      • Table Komatsu - Segment focus
      • Table Komatsu - Key offerings
    • Metso
      • Table Metso: Overview
      • Table Metso - Business segments
      • Table Metso - Organizational developments
      • Table Metso - Geographic focus
      • Table Metso - Segment focus
      • Table Metso - Key offerings
    • Sandvik
      • Table Sandvik: Overview
      • Table Sandvik - Business segments
      • Table Sandvik - Organizational developments
      • Table Sandvik - Geographic focus
      • Table Sandvik - Segment focus
      • Table Sandvik - Key offerings
  • List of abbreviations
    • Appendix
  • Explore Technavio

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