LOS ANGELES, Dec. 12, 2018 (GLOBE NEWSWIRE) -- The global mining equipment market size is anticipated to reach around USD 285.5 billion by 2026, this market is anticipated to grow with 12.2% CAGR during the forecast time period. Surge in technological penetration in mining sector is expected to drive the growth of the global smart mining equipment market.
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Introduction of smart and latest equipment based on automation technologies is anticipated to open new opportunities for growth in the mining industry. High risk related with mining operations has caused technological inventions in equipment manufacturing.
Businesses including BHP Billiton and Rio Tinto have deployed a fleet of driverless drills and trucks with GPS technology at their mining sites. Moreover, OEMs, for instance Komatsu Ltd. and Caterpillar Inc., are retrofitting their existing fleet of trucks and drills with automation technology and are expected to introduce an additional product portfolio during the forecast period. Key businesses are digitizing their technical equipment to improvise the mining processes safety and productivity.
Such as, a U.K.-based miner named Anglo American Plc, is deploying digital twins, a virtual model of a technical procedure, to optimize its transport fleet to track exploration and drilling activities at its Los Bronces site in Chile. As the digital mine is edging towards realism, the consequent nature of work is foreseen to witness a significant change at both the mining site and back office. This change can be attributed to the increasing acceptance of technologies, for instance, Artificial Intelligence (AI) and Robotic Process Automation (RPA).
These high-tech and advances are anticipated to reform the job roles of employees as an alternative of eliminating jobs, consequently permitting people to deploy technology while working. The mining equipment market is observing challenges in the investigation of minerals and metals owing to diminishing natural resources with the demand for improved and better production output. In these situations, equipment providers and mining businesses have an added accountability of improving production productivity, efficiency and reducing water and energy consumption per unit of production.
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Apart the considerable influence of the mining industry to the global economy, the market’s development remains somewhat skeptical in numerous nations owing to the perception that the sector and industries contributes to ecological damage. To reconstruct this trust, key players are taking efforts, for instance obeying sustainability standards, taking significant steps toward corporate social responsibility and complete environmental disclosure.
The global mining equipment market is segmented into three major segments named equipment, application and region. On the basis of equipment the mining equipment market is segmented into underground mining, surface mining, crushing, pulverizing & screening, drills & breakers and others. These underground mining are further bifurcated into Low Profile Dump Trucks (LPDT) and Load Haul and Dump (LHD) Loaders and the integrated connected devices is also further segmented into electric shovels, excavators, dumpers, and others. On the basis of the application the global mining equipment market is segmented into metal, non-metal, and coal. On the basis of region the global mining equipment market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The surface mining equipment sub-segment captured a revenue share of more than 40% in 2018 and is projected to grow further during the forthcoming years. Presently, almost all non-metallic and metallic minerals along with a superior fraction of coal are mined through surface mining approaches, which is anticipated to deliver a push to the segment surface mining equipment growth.
Metal mining is anticipated to develop as the highest revenue-generating application segment during the forthcoming. It was worth around USD 55 billion in 2018 and is anticipated to see significant development during the forecast period. Execution of government schemes, development in local need, and improving production capacity are anticipated to bolster the need in metal exploration application. The key players operating in the global mining equipment market are Komatsu Ltd., Sandvik AB, Caterpillar, Inc., and Atlas Copco AB. These market players are capitalizing massive wealth to transform their product lines as competition in the market is increasing with rapid pace. Likewise, with changing technology the need for better construction and mining equipment is increasing, so provide the demand of the customers, market participants are continuously inventing new products.
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TABLE OF CONTENTS
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Mining Equipment
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Mining Equipment Market By Equipment
1.2.2.1. Global Mining Equipment Market Revenue and Growth Rate Comparison By Equipment (2015-2026)
1.2.2.2. Global Mining Equipment Market Revenue Share By Equipment in 2017
1.2.2.3. Underground Mining
1.2.2.4. Surface Mining
1.2.2.5. Crushing, Pulverizing, & Screening
1.2.2.6. Drills & Breakers
1.2.2.7. Others
1.2.3. Mining Equipment Market By Application
1.2.3.1. Global Mining Equipment Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Mining Equipment Market Revenue Share By Application in 2017
1.2.3.3. Electric Shovels
1.2.3.4. Excavators
1.2.3.5. Dumpers
1.2.3.6. Others
1.2.4. Mining Equipment Market by Geography
1.2.4.1. Global Mining Equipment Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Mining Equipment Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Mining Equipment Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Mining Equipment Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Mining Equipment Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Mining Equipment Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Mining Equipment Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Mining Equipment Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Mining Equipment Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Mining Equipment Major Manufacturers in 2017
CHAPTER 4. MINING EQUIPMENT MARKET BY EQUIPMENT
4.1. Global Mining Equipment Revenue By Equipment
4.2. Underground Mining
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Surface Mining
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Crushing, Pulverizing, & Screening
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Drills & Breakers
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Others
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. MINING EQUIPMENT MARKET BY APPLICATION
5.1. Global Mining Equipment Revenue By Application
5.2. Electric Shovels
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Excavators
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Dumpers
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA MINING EQUIPMENT MARKET BY COUNTRY
6.1. North America Mining Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Mining Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Mining Equipment Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.5. Mexico
6.5.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE MINING EQUIPMENT MARKET BY COUNTRY
7.1. Europe Mining Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Mining Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC MINING EQUIPMENT MARKET BY COUNTRY
8.1. Asia-Pacific Mining Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Mining Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA MINING EQUIPMENT MARKET BY COUNTRY
9.1. Latin America Mining Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Mining Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Argentina
9.4.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST MINING EQUIPMENT MARKET BY COUNTRY
10.1. Middle East Mining Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East Mining Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. AFRICA MINING EQUIPMENT MARKET BY COUNTRY
11.1. Africa Mining Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Africa Mining Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Equipment, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Komatsu Ltd.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Sandvik AB
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Caterpillar, Inc.
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Atlas Copco AB
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Others
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
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