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World Mining Equipment to 2015

As Quoted In Wall Street Journal 
 





Study #: 2840
Document Type: Industry Study
Date Published: Jan-2012
Format:
   Full study: PDF
   Section, Pages, Tables and Charts: HTML
Pages: 513
Full Study Price: $6,200.00
       

    

Demand will be stimulated by a pickup in mining output growth in a favorable economic climate, and by historically high commodity prices spurring resource exploration and development.

World demand to rise 8.5% annually through 2015

The world market for mining equipment is projected to climb 8.5 percent annually through 2015 to $92 billion. Demand will be stimulated by a pickup in mining output growth as global manufacturing activity and construction expenditures accelerate in a generally favorable economic climate. Commodity prices are also expected to remain high by historical standards, contributing to a rise in resource exploration and development activity, and associated mining machinery sales.

Key metals mining segment to lead gains

The market for mining machinery used in metals mining operations, which account for the largest share of world sales, is projected to expand at the strongest pace through 2015, driven by pricedriven increases in resource exploration and mine development activity. Coal mining equipment demand is expected to climb nearly as fast, stimulated by an acceleration in primary metals manufacturing growth, bolstering industrial furnace and oven coal use, as well as by a pickup in global economic activity and additional population gains, leading to higher demand for coal utilized in heating and electricity generating applications. The world market for nonmetallic minerals mining machinery will rise at a somewhat slower rate, stimulated by increases in construction expenditures and ongoing population growth, boosting farming activity and consumption of fertilizer minerals like phosphate rock and potash.

Asia/Pacific region to be fastest growing market

In a continuation of recent trends, the Asia/Pacific region is forecast to register the strongest market advances through 2015, fueled by robust increases in mine production and related machinery sales in China, India and Indonesia. China alone will account for 57 percent of all new mining equipment demand between 2010 and 2015, even though growth is expected to slow significantly. Central and South America will post the second fastest gains, supported by a pickup in manufacturing and construction activity, leading to higher demand for mined materials.

The Africa/Mideast region will record the next strongest market advances, followed by North America, Eastern Europe and Western Europe. Mining output and associated machinery sales in all of these regions will be spurred by high commodity prices and generally healthy economic growth. In addition, equipment suppliers will benefit from the implementation of Tier 4 emissions standards in the US and Canada and the adoption of Stage IIIB and Stage IV emissions standards in the European Union, raising average product prices and contributing to overall dollar demand.

Study Scope

This study analyzes the $61 billion world mining equipment industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by market (metals mining, minerals mining, coal mining), mining machinery type (e.g., surface; underground; drills and breakers; crushing, pulverizing and screening; mineral processing), world region and for 31 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 44 industry competitors, including Caterpillar, Komatsu and Sandvik.
 










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