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Global Mining Equipment Rental Market 2017-2021

About Mining Equipment Rental

Mining equipment is used to extract natural resources such as coal, metals, and minerals. Some of the minerals and metals extracted include iron ore, bauxite, titanium, copper, gold, platinum, sand, gravel, salt, and other non-metallic products. Rental mining equipment constitutes a significant share of the global mining equipment market. The high cost of capital, maintenance cost, and overhead cost attached with the ownership of mining equipment have compelled end-users to rent mining equipment instead.

Technavio’s analysts forecast the global mining equipment rental market to grow at a CAGR of 3.77% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mining equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Mining Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco
  • Caterpillar
  • Hertz Equipment Rental
  • Komatsu
  • Sunbelt Rentals
Other prominent vendors
  • AMECO
  • EMECO
  • Eqstra
  • H&E Equipment Services
  • McDowell
  • United Mining Rentals
  • United Rentals
  • SMS Rental
Market driver
  • Rental advantages of mining equipment
  • For a full, detailed list, view our report
Market challenge
  • CAPEX depreciation in the mining industry
  • For a full, detailed list, view our report
Market trend
  • Emergence of deepsea mining
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Mining Equipment Rental Market 2017-2021

Technavio recognizes the following companies as the key players in the global mining equipment rental market: Atlas Copco, Caterpillar, Hertz Equipment Rental, Komatsu, and Sunbelt Rentals.

Other Prominent Vendors in the market are: AMECO, EMECO, Eqstra, H&E Equipment Services, McDowell, United Mining Rentals, United Rentals, and SMS Rental.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of deepsea mining. Onshore mineral rich mines are nearing exhaustion, which has shifted the focus on offshore mining activities. The seabed is rich in mineral content, and deepwater mining is not as new as it seems. The oil and natural gas industry has forayed into such mining activities long ago and has already recognized deepwater and ultra-deepwater as mainstream oil extraction activity. Now, the mineral mining industry is following suit. The bottom of the ocean is rich in precious metals and other resources, including diamonds, gold, and cobalt. This makes it crucial to develop technology that can facilitate deepsea mining to cater to the increasing demand for minerals and metals.”

According to the report, one of the major drivers for this market is Rental advantages of mining equipment. Companies that function in a specific industry are business rivals and will seek to out space the others in a bid to obtain the largest market share. This is possible if a business is successful in formulating a potent pricing strategy, which involves poring over balance sheets and other aspects of the business to devise an effective budgetary control. It has been evaluated that significant cost savings can be achieved if equipment, for the purpose of mining, are taken on rent instead of being purchased. Renting mining equipment for short-term projects has turned out to be an economical move.

Further, the report states that one of the major factors hindering the growth of this market is CAPEX depreciation in the mining industry. Many mining companies have delayed the investments in new mining projects due to decline in commodity prices. The prices of aluminum, coal, copper, and iron ore have been declining for the past few years. Exploration is considered to be the lifeline for any mining project. But due to high volatility in commodity prices, the investments toward exploration activities have reduced considerably.

Companies Mentioned

Atlas Copco, Caterpillar, Hertz Equipment Rental, Komatsu, Sunbelt Rentals, AMECO, EMECO, Eqstra, H&E Equipment Services, McDowell, United Mining Rentals, United Rentals, and SMS Rental.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global mining equipment rental market
    • Market size and forecast
      • Table Global mining equipment rental market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by equipment type
    • Global mining equipment rental market by equipment type
      • Table Global mining equipment rental market by equipment type 2016 and 2021 (%)
    • Global surface mining equipment rental market
      • Table Global surface mining equipment rentalmarket 2016-2021 ($ billions)
      • Table Major open-pit mines worldwide
    • Global underground mining rental market
      • Table Global underground mining rental market2016-2021 ($ billions)
      • Table Major underground mines worldwide
    • Global crushing, pulverizing, and screening equipment rental market
      • Table Global crushing, pulverizing, and screeningequipment rental market 2016-2021 ($ billions)
    • Global mining drills and breakers equipment rental market segment
      • Table The global mining drills and breakersequipment rental market 2016-2021 ($ billions)
    • Global mineral processing machinery rental market
      • Table The global mineral processing machinery rental market 2016-2021 ($ billions)
  • Market segmentation by application
    • Global mining equipment rental market by application
      • Table Global mining equipment rental market by application 2016 and 2021 (%)
    • Global mining equipment rental market by coal mining
      • Table The global mining equipment rental marketby the coal mining 2016-2021 ($ billions)
    • Global mining equipment rental market by metal mining
      • Table The global mining equipment rental market by metal mining 2016-2021 ($ billions)
    • Global mining equipment rental market by mineral mining
      • Table The global mining equipment rental market by mineral mining 2016-2021 ($ billions)
  • Geographical segmentation
    • Global mining equipment rental market by geography
      • Table Global mining equipment rental market by geography 2016 and 2021 (%)
    • Mining equipment rental market in APAC
      • Table Mining equipment rental market in APAC2016-2021 ($ billions)
    • Mining equipment rental market in Americas
      • Table Mining equipment rental market inAmericas 2016-2021 ($ billions)
    • Mining equipment rental market in EMEA
      • Table Mining equipment rental market in EMEA2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of deepsea mining
    • Digitization of mining activities
    • Tracking technology and fleet management applications and software
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Atlas Copco
      • Table Key vendor offerings
      • Table Recent developments
    • Caterpillar
      • Table Key vendor offerings
      • Table Recent developments
    • Hertz Equipment Rental
      • Table Key vendor offerings
      • Table Recent developments
    • Komatsu
      • Table Key vendor offerings
      • Table Recent developments
    • Sunbelt Rentals
      • Table Sunbelt Rentals: Product offerings
      • Table Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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