Global mining equipment demand will rise 4.9 percent annually through 2013. Gains will be driven by rising demand for commodities such as iron ore and copper, and the ongoing thirst for energy sources such as coal. China will be the fastest growing market and the largest producer of mining equipment.

This study analyzes the $45.4 billion world mining equipment industry. It presents historical demand data for the years 1998, 2003 and 2008, with forecasts for 2013 and 2018 by mining application (metal, coal, mineral), equipment type (surface; underground; drills and breakers; crushing, pulverizing and screening; mineral processing), world region and for 34 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players, including Caterpillar, Sandvik and Komatsu.

TABLE OF CONTENTS


SECTION                                                                      PAGE
                                         
               INTRODUCTION                                                    xi
                                         
          I.   EXECUTIVE SUMMARY                                                1

         II.   MARKET ENVIRONMENT                                               4
               General                                                          4
               World Economic Outlook                                           5
               World Population Outlook                                        12
               World Industrial Outlook                                        14
                   Industrial Output Trends                                    15
                   Fixed Investment Trends                                     16
               World Mining Outlook                                            20
                   Minerals                                                    21
                   Coal                                                        22
                   Metals                                                      23
               Mining Equipment Pricing Dynamics                               25
               Mining Equipment Technology Trends                              26
               Legal & Regulatory Issues                                       28
               
        III.   OVERVIEW                                                        32
               General                                                         32
               World Mining Equipment Markets                                  33
                   Regional Markets                                            33
                   Applications                                                36
                     Metal Mining                                              37
                     Coal Mining                                               39
                     Mineral Mining                                            40
                   Mining Equipment Demand by Product                          42
                     Surface Mining Machinery                                  43
                     Underground Mining Machinery                              44
                     Drills & Breakers                                         46
                     Crushing, Pulverizing & Screening Equipment               47
                     Mineral Processing Machinery                              48
                     Parts & Attachments                                       49
               World Mining Equipment Production                               51
               International Trade Flows                                       54


         IV.   NORTH AMERICA                                                   56
               General                                                         56
               United States                                                   61
               Canada                                                          66
               Mexico                                                          71

          V.   WESTERN EUROPE                                                  77
               General                                                         77
               Germany                                                         82
               United Kingdom                                                  87
               Spain                                                           92
               France                                                          97
               Italy                                                          102
               Other Western Europe                                           107
                   Netherlands                                                111
                   Norway                                                     115
                   Sweden                                                     119
                   Belgium                                                    123
                   All Other Western Europe                                   127
                     
         VI.   ASIA/PACIFIC                                                   132
               General                                                        132
               China                                                          138
               Australia                                                      145
               India                                                          150
               Indonesia                                                      155
               Kazakhstan                                                     160
               Japan                                                          163
               Thailand                                                       168
               Malaysia                                                       173
               South Korea                                                    177
               Taiwan                                                         182
               Other Asia/Pacific                                             187

        VII.   LATIN AMERICA                                                  193
               General                                                        193
               Brazil                                                         198
               Chile                                                          203
               Argentina                                                      208
               Peru                                                           212
               Venezuela                                                      216
               Colombia                                                       220
               Other Latin America                                            224

       VIII.   EASTERN EUROPE                                                 228
               General                                                        228
               Russia                                                         232
               Poland                                                         237
               Ukraine                                                        242
               Other Eastern Europe                                           246

         IX.   AFRICA/MIDEAST                                                 251
               General                                                        251
               South Africa                                                   256
               Turkey                                                         261
               Iran                                                           265
               Other Africa/Mideast                                           269

          X.   INDUSTRY STRUCTURE                                             274
               General                                                        274
               Industry Composition & Market Share                            277
                   Caterpillar                                                277
                   Sandvik                                                    278
                   Komatsu                                                    278
                   Atlas Copco                                                278
                   Metso                                                      279
                   Joy Global                                                 279
                   Bucyrus                                                    279
                   Terex                                                      280
                   Other Market Leaders                                       280
               Product Development & Manufacturing                            280
               Marketing & Distribution                                       282
               Cooperative Agreements                                         283
               Financial Issues & Requirements                                291
               Mergers, Acquisitions & Industry Restructuring                 293
               Company Profiles                                               297
                   Aker Solutions ASA                                         298
                   ALMT Corporation, see Sumitomo Electric Industries
                   Atlas Copco AB                                             300
                   Aubema Beteiligungs GmbH, see Sandvik
                   Berco SpA, see ThyssenKrupp
                   Boart Longyear Limited                                     304
                   Bobcat Company, see Doosan Infracore
                   Bucyrus International Incorporated                         306
                   Caterpillar Incorporated                                   310
                   China Coal Energy Company Limited                          312
                   CITIC Group                                                314
                   CNH Global NV, see Fiat
                   Continental Crushing and Conveying, see Joy Global
                   Doosan Infracore Company Limited                           315
                   Downer EDI Limited                                         318
                   EarthTechnica Company Limited, see Kawasaki Heavy Industries
                   Fiat SpA                                                   320
                   Furukawa Company Limited                                   324
                   Gebrueder Eickhoff Maschinenfabrik und 
                     Eisengiesserei GmbH                                      326
                   Hebei Jinma Mine Machinery Group Company                   327
                   Ingersoll-Rand plc                                         328
                   International Mining Machinery Limited                     329
                   IR Montabert, see Ingersoll-Rand
                   Joy Global Incorporated                                    331
                   Kawasaki Heavy Industries Limited                          336
                   KCM Corporation, see Kawasaki Heavy Industries
                   Kennametal Incorporated                                    338
                   Kobelco Construction Machinery Company Limited, see 
                     Fiat
                   Komatsu Limited                                            340
                   LeTourneau Technologies Incorporated, see Rowan
                   Liebherr-International AG                                  345
                   LTI Drilling Systems, see Rowan
                   Metso Corporation                                          348
                   Mitsubishi Heavy Industries Limited                        351
                   Moxy Engineering AS, see Doosan Infracore
                   New Holland Kobelco Construction Machinery SpA, see 
                     Fiat
                   NFM Technologies, see Aker Solutions
                   Northern Heavy Industries Group Company Limited            353
                   Outotec Oyj                                                355
                   P&H Mining Equipment, see Joy Global
                   RCR Tomlinson Limited                                      356
                   Rowan Companies Incorporated                               357
                   Sandvik AB                                                 359
                   Shenyang Heavy Machinery Group Company Limited             363
                   Shenyang Wirth TBM Company Limited, see Aker 
                     Solutions and Shenyang Heavy Machinery Group 
                   Smidth (FL) & Company A/S                                  364
                   Smith International Incorporated                           367
                   Sumitomo Electric Industries Limited                       368
                   TAKRAF GmbH, see Techint
                   Techint Group                                              370
                   Terex Corporation                                          371
                   ThyssenKrupp AG                                            375
                   Tiandi Science & Technology Company Limited                377
                   Tricon Metals and Services Incorporated, see Kennametal
                   Wirtgen Group                                              378
                   WIRTH GmbH, see Aker Solutions                       
                   Xuzhou Construction Machinery Group Incorporated           380
                   Zhengzhou Coal Mining Machinery Group 
                     Company Limited                                          380

                                  LIST OF TABLES
                                        
TABLE NUMBER                                                                 PAGE

               SECTION I -- EXECUTIVE SUMMARY
               Summary Table                                                    3

               SECTION II -- MARKET ENVIRONMENT
           1   World Gross Domestic Product by Region                          12
           2   World Population by Region                                      14
           3   World Manufacturing Value Added by Region                       16
           4   World Gross Fixed Investment by Region                          18
           5   World Mining Output                                             21
           6   World Mining Equipment Pricing                                  26

               SECTION III -- OVERVIEW                                  
           1   World Mining Equipment Demand by Region                         35
           2   World Mining Equipment Demand by Application                    36
           3   World Metal Mining Equipment Demand by Region                   39
           4   World Coal Mining Equipment Demand by Region                    40
           5   World Mineral Mining Equipment Demand by Region                 41
           6   World Mining Equipment Demand by Product                        43
           7   World Surface Mining Machinery Demand by Region                 44
           8   World Underground Mining Machinery Demand by Region             45
           9   World Drill & Breaker Demand by Region                          47
          10   World Crushing, Pulverizing & Screening Equipment 
                   Demand by Region                                            48
          11   World Mineral Processing Machinery Demand by Region             49
          12   World Mining Equipment Parts & Attachments
                   Demand by Region                                            50
          13   World Mining Equipment Shipments by Region                      53
          14   World Mining Equipment Net Exports by Region                    55

               SECTION IV -- NORTH AMERICA
           1   North America Mining Equipment Supply & Demand                  59
           2   North America Mining Equipment Demand by Application            61
           3   United States Mining Equipment Supply & Demand                  64
           4   United States Mining Equipment Demand by Application            66
           5   Canada Mining Equipment Supply & Demand                         69
           6   Canada Mining Equipment Demand by Application                   71
           7   Mexico Mining Equipment Supply & Demand                         74
           8   Mexico Mining Equipment Demand by Application                   76
                                                                                
               SECTION V -- WESTERN EUROPE                              
           1   Western Europe Mining Equipment Supply & Demand                 80
           2   Western Europe Mining Equipment Demand by Application           82
           3   Germany Mining Equipment Supply & Demand                        85
           4   Germany Mining Equipment Demand by Application                  87
           5   United Kingdom Mining Equipment Supply & Demand                 90
           6   United Kingdom Mining Equipment Demand by Application           92
           7   Spain Mining Equipment Supply & Demand                          95
           8   Spain Mining Equipment Demand by Application                    97
           9   France Mining Equipment Supply & Demand                        100
          10   France Mining Equipment Demand by Application                  102
          11   Italy Mining Equipment Supply & Demand                         105
          12   Italy Mining Equipment Demand by Application                   107
          13   Other Western Europe Mining Equipment Supply & Demand          109
          14   Other Western Europe Mining Equipment Demand 
                   by Application                                             110
          15   Netherlands Mining Equipment Supply & Demand                   113
          16   Netherlands Mining Equipment Demand by Application             114
          17   Norway Mining Equipment Supply & Demand                        117
          18   Norway Mining Equipment Demand by Application                  118
          19   Sweden Mining Equipment Supply & Demand                        121
          20   Sweden Mining Equipment Demand by Application                  122
          21   Belgium Mining Equipment Supply & Demand                       125
          22   Belgium Mining Equipment Demand by Application                 126
          23   All Other Western Europe Mining Equipment Supply & Demand      129
          24   All Other Western Europe Mining Equipment Demand 
                   by Application                                             131

               SECTION VI -- ASIA/PACIFIC                               
           1   Asia/Pacific Mining Equipment Supply & Demand                  136
           2   Asia/Pacific Mining Equipment Demand by Application            138
           3   China Mining Equipment Supply & Demand                         142
           4   China Mining Equipment Demand by Application                   145
           5   Australia Mining Equipment Supply & Demand                     148
           6   Australia Mining Equipment Demand by Application               150
           7   India Mining Equipment Supply & Demand                         153
           8   India Mining Equipment Demand by Application                   155
           9   Indonesia Mining Equipment Supply & Demand                     158
          10   Indonesia Mining Equipment Demand by Application               160
          11   Kazakhstan Mining Equipment Supply & Demand                    162
          12   Kazakhstan Mining Equipment Demand by Application              163
          13   Japan Mining Equipment Supply & Demand                         166
          14   Japan Mining Equipment Demand by Application                   168
          15   Thailand Mining Equipment Supply & Demand                      171
          16   Thailand Mining Equipment Demand by Application                173
          17   Malaysia Mining Equipment Supply & Demand                      175
          18   Malaysia Mining Equipment Demand by Application                177
          19   South Korea Mining Equipment Supply & Demand                   180
          20   South Korea Mining Equipment Demand by Application             182
          21   Taiwan Mining Equipment Supply & Demand                        185
          22   Taiwan Mining Equipment Demand by Application                  186
          23   Other Asia/Pacific Mining Equipment Supply & Demand            190
          24   Other Asia/Pacific Mining Equipment Demand by Application      192

               SECTION VII -- LATIN AMERICA                             
           1   Latin America Mining Equipment Supply & Demand                 196
           2   Latin America Mining Equipment Demand by Application           198
           3   Brazil Mining Equipment Supply & Demand                        201
           4   Brazil Mining Equipment Demand by Application                  203
           5   Chile Mining Equipment Supply & Demand                         206
           6   Chile Mining Equipment Demand by Application                   208
           7   Argentina Mining Equipment Supply & Demand                     210
           8   Argentina Mining Equipment Demand by Application               212
           9   Peru Mining Equipment Supply & Demand                          214
          10   Peru Mining Equipment Demand by Application                    216
          11   Venezuela Mining Equipment Supply & Demand                     218
          12   Venezuela Mining Equipment Demand by Application               220
          13   Colombia Mining Equipment Supply & Demand                      222
          14   Colombia Mining Equipment Demand by Application                223
          15   Other Latin America Mining Equipment Supply & Demand           226
          16   Other Latin America Mining Equipment Demand 
                   by Application                                             227
                                        
               SECTION VIII -- EASTERN EUROPE
           1   Eastern Europe Mining Equipment Supply & Demand                230
           2   Eastern Europe Mining Equipment Demand by Application          232
           3   Russia Mining Equipment Supply & Demand                        235
           4   Russia Mining Equipment Demand by Application                  237
           5   Poland Mining Equipment Supply & Demand                        240
           6   Poland Mining Equipment Demand by Application                  241
           7   Ukraine Mining Equipment Supply & Demand                       244
           8   Ukraine Mining Equipment Demand by Application                 245
           9   Other Eastern Europe Mining Equipment Supply & Demand          248
          10   Other Eastern Europe Mining Equipment Demand 
                   by Application                                             250

               SECTION IX -- AFRICA/MIDEAST
           1   Africa/Mideast Mining Equipment Supply & Demand                254
           2   Africa/Mideast Mining Equipment Demand by Application          256
           3   South Africa Mining Equipment Supply & Demand                  259
           4   South Africa Mining Equipment Demand by Application            261
           5   Turkey Mining Equipment Supply & Demand                        263
           6   Turkey Mining Equipment Demand by Application                  264
           7   Iran Mining Equipment Supply & Demand                          267
           8   Iran Mining Equipment Demand by Application                    268
           9   Other Africa/Mideast Mining Equipment Supply & Demand          271
          10   Other Africa/Mideast Mining Equipment Demand 
                   by Application                                             273

               SECTION X -- INDUSTRY STRUCTURE                          
           1   Mining Equipment Sales for Selected Manufacturers, 2008        276
           2   Selected Cooperative Agreements                                286
           3   Selected Acquisitions & Divestitures                           295


                                  LIST OF CHARTS
                                        
CHART NUMBER                                                                 PAGE

               SECTION II -- MARKET ENVIRONMENT
           1   Relationship Between Mining Equipment Demand per 
                   Capita & Gross Fixed Investment per Capita, 2008           19
  
               SECTION III -- OVERVIEW 
           1   World Mining Equipment Demand by Region, 2008                  35
           2   World Mining Equipment Demand by Application, 2008             37
           3   World Mining Equipment Shipments by Region, 2008               53

               SECTION X -- INDUSTRY STRUCTURE
           1   Global Mining Equipment Market Share, 2008                    277