Global Mining Machinery Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 274
- CATEGORY
- Heavy Industry
Market Overview:
The Global Mining Machinery Market size was valued at USD 145.2 Billion in 2021 and is projected to grow at a CAGR of 8.4% during the forecast period. The global mining machinery market refers to the market for machines and equipment used in mining activities such as drilling, cutting, crushing, and pulverizing, among others. These machines are designed to extract mineral ores and other materials from the earth's crust and are used in various stages of the mining process such as exploration, production, and processing. The market includes a wide range of equipment such as excavators, loaders, drilling machines, crushing and grinding equipment, and others. The mining machinery market is an essential part of the mining industry, and its growth is closely linked to the growth of the mining sector.
Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the global mining machinery market. The pandemic led to a decline in demand for metals and minerals as many industries, including construction and automotive, reduced their operations due to lockdowns and other restrictions. This reduction in demand resulted in a decline in mining activities, which, in turn, affected the demand for mining machinery.
Moreover, the pandemic led to disruptions in the supply chain, which further affected the production and supply of mining machinery. The closure of manufacturing facilities and restrictions on the movement of goods and people disrupted the production and distribution of mining machinery, leading to delays in delivery and increased costs.
However, the pandemic has also resulted in a shift towards digitalization and automation in the mining industry, leading to increased demand for advanced mining machinery that can improve efficiency and reduce the need for manual labor. This shift towards automation is expected to continue in the post-pandemic period, which is likely to boost the demand for advanced mining machinery.
Overall, the impact of the pandemic on the global mining machinery market has been mixed, with a decline in demand and production in the short term but increased demand for advanced machinery in the long term.
Market Dynamics:
Drivers:
Growing demand for minerals and metals: The demand for minerals and metals is increasing with the growth of various industries such as construction, automotive, and electronics, among others. This increasing demand is driving the growth of the mining industry, which, in turn, is boosting the demand for mining machinery.
Technological advancements: The mining industry is witnessing rapid technological advancements, with the development of advanced mining machinery that can improve efficiency and productivity while reducing costs. The use of automation, AI, and IoT technologies in mining machinery is expected to drive the growth of the market.
Increasing investments in mining activities: Governments and mining companies are investing heavily in mining activities to meet the growing demand for minerals and metals. This investment is expected to boost the demand for mining machinery.
Expansion of mining operations: Mining companies are expanding their operations in new regions and increasing their production capacity. This expansion is driving the demand for mining machinery.
Environmental regulations: Environmental regulations are becoming increasingly stringent, and mining companies are investing in sustainable and eco-friendly mining practices. This is driving the demand for advanced mining machinery that can reduce the environmental impact of mining activities.
Restraints:
High capital investment: Mining machinery requires high capital investment, which is a major restraint for small and medium-scale mining companies. This limits the adoption of advanced mining machinery, which is more expensive than traditional machinery.
Volatility in commodity prices: The prices of minerals and metals are highly volatile, which affects the profitability of mining companies. This, in turn, affects their investment in new mining machinery and equipment.
High maintenance costs: Mining machinery requires regular maintenance, which involves high costs. This is a major challenge for mining companies, especially those operating in remote areas.
Regional Analysis:
North America: The North American mining machinery market is expected to witness steady growth, driven by the expansion of the mining industry and increasing investments in mining activities. The United States is the largest market in this region, accounting for a significant share of the global mining machinery market.
Europe: The European mining machinery market is expected to grow at a moderate pace, driven by the increasing demand for minerals and metals and the adoption of advanced mining machinery. The market is dominated by countries such as Germany, Sweden, and Finland, which are home to some of the leading mining machinery manufacturers.
Asia-Pacific: The Asia-Pacific mining machinery market is expected to witness robust growth, driven by the expansion of the mining industry in countries such as China, Australia, and India. The increasing demand for minerals and metals, coupled with the adoption of advanced mining machinery, is driving the growth of the market in this region.
Latin America: The Latin American mining machinery market is expected to witness moderate growth, driven by the increasing investments in mining activities in countries such as Brazil and Chile. The market is dominated by the underground mining machinery segment, as most of the mining activities in this region are carried out underground.
Middle East and Africa: The Middle East and Africa mining machinery market is expected to witness steady growth, driven by the expansion of the mining industry and increasing investments in mining activities. The market is dominated by countries such as South Africa, which is home to some of the leading mining machinery manufacturers in the region.
Market Segmentation:
Equipment Type:
· Surface Mining Equipment
o Electric Shovels
o Excavators
o Dumpers
o Loaders
o Others
· Underground Mining Equipment
o Loaders
o Trucks
o Drillers
o Roof Bolters
o Others
· Crushing, Pulverizing, & Screening Equipment
o Crushers
o Screeners
o Others
· Others
Application:
· Coal
· Mineral
· Metal
· Others
Region:
· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East and Africa
Competitive Landscape:
Some of the key players operating in the global mining machinery market are:
Caterpillar Inc.
Komatsu Ltd.
Hitachi Construction Machinery Co. Ltd.
Sandvik AB
Joy Global Inc.
Volvo Construction Equipment AB
Atlas Copco AB
Liebherr-International AG
Metso Corporation
Outotec Oyj
These companies are focusing on expanding their product portfolios, increasing their market share through strategic mergers and acquisitions, and investing in research and development activities to introduce new and innovative products in the market. They are also investing in advanced technologies such as autonomous trucks and drilling systems to increase efficiency and safety in mining operations. Additionally, companies are focusing on developing eco-friendly and energy-efficient machinery to reduce carbon footprint and comply with environmental regulations.
Global Mining Machinery Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Mining Machinery market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Mining Machinery Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Mining Machinery Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Mining Machinery
1.3 Mining Machinery Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Mining Machinery
1.4.2 Applications of Mining Machinery
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 FAM Market Performance Analysis
3.1.1 FAM Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 FAM Sales, Value, Price, Gross Margin 2016-2021
3.2 Liebherr-International AG Market Performance Analysis
3.2.1 Liebherr-International AG Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Liebherr-International AG Sales, Value, Price, Gross Margin 2016-2021
3.3 Caterpillar Inc. Market Performance Analysis
3.3.1 Caterpillar Inc. Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Caterpillar Inc. Sales, Value, Price, Gross Margin 2016-2021
3.4 XCMG Market Performance Analysis
3.4.1 XCMG Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 XCMG Sales, Value, Price, Gross Margin 2016-2021
3.5 Reflex Market Performance Analysis
3.5.1 Reflex Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Reflex Sales, Value, Price, Gross Margin 2016-2021
3.6 Metso Corporation Market Performance Analysis
3.6.1 Metso Corporation Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Metso Corporation Sales, Value, Price, Gross Margin 2016-2021
3.7 Epiroc AB Market Performance Analysis
3.7.1 Epiroc AB Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Epiroc AB Sales, Value, Price, Gross Margin 2016-2021
3.8 Derrick Market Performance Analysis
3.8.1 Derrick Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Derrick Sales, Value, Price, Gross Margin 2016-2021
3.9 Hitachi, Ltd. Market Performance Analysis
3.9.1 Hitachi, Ltd. Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Hitachi, Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.10 JCB Market Performance Analysis
3.10.1 JCB Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 JCB Sales, Value, Price, Gross Margin 2016-2021
3.11 RTM Equipment Market Performance Analysis
3.11.1 RTM Equipment Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 RTM Equipment Sales, Value, Price, Gross Margin 2016-2021
3.12 AB Volvo Market Performance Analysis
3.12.1 AB Volvo Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 AB Volvo Sales, Value, Price, Gross Margin 2016-2021
3.13 Doosan Corporation Market Performance Analysis
3.13.1 Doosan Corporation Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Doosan Corporation Sales, Value, Price, Gross Margin 2016-2021
3.14 Deere & Company Market Performance Analysis
3.14.1 Deere & Company Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Deere & Company Sales, Value, Price, Gross Margin 2016-2021
3.15 Konecranes Market Performance Analysis
3.15.1 Konecranes Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Konecranes Sales, Value, Price, Gross Margin 2016-2021
3.16 Sany Market Performance Analysis
3.16.1 Sany Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Sany Sales, Value, Price, Gross Margin 2016-2021
3.17 Astec Industries Market Performance Analysis
3.17.1 Astec Industries Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Astec Industries Sales, Value, Price, Gross Margin 2016-2021
3.18 Sandvik AB Market Performance Analysis
3.18.1 Sandvik AB Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Sandvik AB Sales, Value, Price, Gross Margin 2016-2021
3.19 Outotec Market Performance Analysis
3.19.1 Outotec Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Outotec Sales, Value, Price, Gross Margin 2016-2021
3.20 Rahco Market Performance Analysis
3.20.1 Rahco Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 Rahco Sales, Value, Price, Gross Margin 2016-2021
3.21 Komatsu Ltd. Market Performance Analysis
3.21.1 Komatsu Ltd. Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 Komatsu Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.22 Thyssen Krupp Market Performance Analysis
3.22.1 Thyssen Krupp Basic Information
3.22.2 Product and Service Analysis
3.22.3 Strategies for Company to Deal with the Impact of COVID-19
3.22.4 Thyssen Krupp Sales, Value, Price, Gross Margin 2016-2021
3.23 Boart Longyear Market Performance Analysis
3.23.1 Boart Longyear Basic Information
3.23.2 Product and Service Analysis
3.23.3 Strategies for Company to Deal with the Impact of COVID-19
3.23.4 Boart Longyear Sales, Value, Price, Gross Margin 2016-2021
3.24 Schulte Strathaus Market Performance Analysis
3.24.1 Schulte Strathaus Basic Information
3.24.2 Product and Service Analysis
3.24.3 Strategies for Company to Deal with the Impact of COVID-19
3.24.4 Schulte Strathaus Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Mining Machinery Production and Value by Type
4.1.1 Global Mining Machinery Production by Type 2016-2021
4.1.2 Global Mining Machinery Market Value by Type 2016-2021
4.2 Global Mining Machinery Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Mining Drills Market Production, Value and Growth Rate
4.2.2 Blasting Tools Market Production, Value and Growth Rate
4.2.3 Earth Movers Market Production, Value and Growth Rate
4.2.4 Crushing Equipment Market Production, Value and Growth Rate
4.2.5 Feeding and Conveying Equipment Market Production, Value and Growth Rate
4.3 Global Mining Machinery Production and Value Forecast by Type
4.3.1 Global Mining Machinery Production Forecast by Type 2022-2030
4.3.2 Global Mining Machinery Market Value Forecast by Type 2022-2030
4.4 Global Mining Machinery Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 Mining Drills Market Production, Value and Growth Rate Forecast
4.4.2 Blasting Tools Market Production, Value and Growth Rate Forecast
4.4.3 Earth Movers Market Production, Value and Growth Rate Forecast
4.4.4 Crushing Equipment Market Production, Value and Growth Rate Forecast
4.4.5 Feeding and Conveying Equipment Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Mining Machinery Consumption and Value by Application
5.1.1 Global Mining Machinery Consumption by Application 2016-2021
5.1.2 Global Mining Machinery Market Value by Application 2016-2021
5.2 Global Mining Machinery Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Metal Mining Market Consumption, Value and Growth Rate
5.2.2 Non-metallic Mining Market Consumption, Value and Growth Rate
5.3 Global Mining Machinery Consumption and Value Forecast by Application
5.3.1 Global Mining Machinery Consumption Forecast by Application 2022-2030
5.3.2 Global Mining Machinery Market Value Forecast by Application 2022-2030
5.4 Global Mining Machinery Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Metal Mining Market Consumption, Value and Growth Rate Forecast
5.4.2 Non-metallic Mining Market Consumption, Value and Growth Rate Forecast
6 Global Mining Machinery by Region, Historical Data and Market Forecasts
6.1 Global Mining Machinery Sales by Region 2016-2021
6.2 Global Mining Machinery Market Value by Region 2016-2021
6.3 Global Mining Machinery Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Mining Machinery Sales Forecast by Region 2022-2030
6.5 Global Mining Machinery Market Value Forecast by Region 2022-2030
6.6 Global Mining Machinery Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Mining Machinery Value and Market Growth 2016-2021
7.2 United State Mining Machinery Sales and Market Growth 2016-2021
7.3 United State Mining Machinery Market Value Forecast 2022-2030
8 Canada Market Size Analysis 2016-2026
8.1 Canada Mining Machinery Value and Market Growth 2016-2021
8.2 Canada Mining Machinery Sales and Market Growth 2016-2021
8.3 Canada Mining Machinery Market Value Forecast 2022-2030
9 Germany Market Size Analysis 2016-2026
9.1 Germany Mining Machinery Value and Market Growth 2016-2021
9.2 Germany Mining Machinery Sales and Market Growth 2016-2021
9.3 Germany Mining Machinery Market Value Forecast 2022-2030
10 UK Market Size Analysis 2016-2026
10.1 UK Mining Machinery Value and Market Growth 2016-2021
10.2 UK Mining Machinery Sales and Market Growth 2016-2021
10.3 UK Mining Machinery Market Value Forecast 2022-2030
11 France Market Size Analysis 2016-2026
11.1 France Mining Machinery Value and Market Growth 2016-2021
11.2 France Mining Machinery Sales and Market Growth 2016-2021
11.3 France Mining Machinery Market Value Forecast 2022-2030
12 Italy Market Size Analysis 2016-2026
12.1 Italy Mining Machinery Value and Market Growth 2016-2021
12.2 Italy Mining Machinery Sales and Market Growth 2016-2021
12.3 Italy Mining Machinery Market Value Forecast 2022-2030
13 Spain Market Size Analysis 2016-2026
13.1 Spain Mining Machinery Value and Market Growth 2016-2021
13.2 Spain Mining Machinery Sales and Market Growth 2016-2021
13.3 Spain Mining Machinery Market Value Forecast 2022-2030
14 Russia Market Size Analysis 2016-2026
14.1 Russia Mining Machinery Value and Market Growth 2016-2021
14.2 Russia Mining Machinery Sales and Market Growth 2016-2021
14.3 Russia Mining Machinery Market Value Forecast 2022-2030
15 China Market Size Analysis 2016-2026
15.1 China Mining Machinery Value and Market Growth 2016-2021
15.2 China Mining Machinery Sales and Market Growth 2016-2021
15.3 China Mining Machinery Market Value Forecast 2022-2030
16 Japan Market Size Analysis 2016-2026
16.1 Japan Mining Machinery Value and Market Growth 2016-2021
16.2 Japan Mining Machinery Sales and Market Growth 2016-2021
16.3 Japan Mining Machinery Market Value Forecast 2022-2030
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Mining Machinery Value and Market Growth 2016-2021
17.2 South Korea Mining Machinery Sales and Market Growth 2016-2021
17.3 South Korea Mining Machinery Market Value Forecast 2022-2030
18 Australia Market Size Analysis 2016-2026
18.1 Australia Mining Machinery Value and Market Growth 2016-2021
18.2 Australia Mining Machinery Sales and Market Growth 2016-2021
18.3 Australia Mining Machinery Market Value Forecast 2022-2030
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Mining Machinery Value and Market Growth 2016-2021
19.2 Thailand Mining Machinery Sales and Market Growth 2016-2021
19.3 Thailand Mining Machinery Market Value Forecast 2022-2030
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Mining Machinery Value and Market Growth 2016-2021
20.2 Brazil Mining Machinery Sales and Market Growth 2016-2021
20.3 Brazil Mining Machinery Market Value Forecast 2022-2030
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Mining Machinery Value and Market Growth 2016-2021
21.2 Argentina Mining Machinery Sales and Market Growth 2016-2021
21.3 Argentina Mining Machinery Market Value Forecast 2022-2030
22 Chile Market Size Analysis 2016-2026
22.1 Chile Mining Machinery Value and Market Growth 2016-2021
22.2 Chile Mining Machinery Sales and Market Growth 2016-2021
22.3 Chile Mining Machinery Market Value Forecast 2022-2030
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Mining Machinery Value and Market Growth 2016-2021
23.2 South Africa Mining Machinery Sales and Market Growth 2016-2021
23.3 South Africa Mining Machinery Market Value Forecast 2022-2030
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Mining Machinery Value and Market Growth 2016-2021
24.2 Egypt Mining Machinery Sales and Market Growth 2016-2021
24.3 Egypt Mining Machinery Market Value Forecast 2022-2030
25 UAE Market Size Analysis 2016-2026
25.1 UAE Mining Machinery Value and Market Growth 2016-2021
25.2 UAE Mining Machinery Sales and Market Growth 2016-2021
25.3 UAE Mining Machinery Market Value Forecast 2022-2030
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Mining Machinery Value and Market Growth 2016-2021
26.2 Saudi Arabia Mining Machinery Sales and Market Growth 2016-2021
26.3 Saudi Arabia Mining Machinery Market Value Forecast 2022-2030
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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