Global Mining Equipment

Market gains will be bolstered by a recovery in mined commodity prices; advances in construction, manufacturing, and agricultural activity; rising labor costs around the world; and increasing mining sector mechanization rates in many developing nations. As more sophisticated, automated machinery is introduced, mining companies will boost spending on top-of-the-line models in order to boost the productivity of their operations.

Key Findings in the Global Mining Equipment Study:

The Asia/Pacific Region to Account for More than 60% of All New Global Mining Equipment Demand between 2017 and 2022

Advances in the Asia/Pacific mining machinery market will be bolstered by the opening of new mineral, metal, and coal mines. Rising labor costs in regional countries, which will support increasing mechanization rates, will also be a contributing factor. Although China will comprise the majority of the Asia/Pacific region’s new product demand, several other nations are projected to register strong growth, including Australia, India, Indonesia, Kazakhstan, and Thailand.

Market Conditions are Forecast to Improve in Most Regions

After a period of substantial losses, the North American, East European, Central and South American, and Africa/Mideast markets are forecast to register strong growth through 2022. As commodity prices rise, and manufacturing and construction activity increases, the financial position of mine operators will strengthen, allowing them to boost equipment spending.

Sales of Minerals and Metals Mining Machinery to Grow at an Above Average Pace

Global demand for machinery used in metals and minerals mining applications is projected to climb more than 5% annually during the 2017-2022 period, while sales of coal mining equipment are expected to grow just 2% per year because of a worldwide shift toward the use of natural gas and alternative fuels. Advances in global industrial output will stimulate demand for a wide range of minerals and metals, causing associated machinery sales to rise at a swift pace. Gains in the minerals segment will also be driven by increases in global construction spending, which will boost aggregates mining activity.

Study Coverage

This study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 and 2027 by product (surface mining equipment; underground mining equipment; drills and breakers; crushing, screening, and pulverizing equipment; mineral processing and other mining machinery; and parts and attachments) and market (iron ore, copper, bauxite, other metals mining, aggregates, phosphate and potash, other minerals, bituminous and sub-bituminous coal, and anthracite and other coal). This study evaluates company market share and analyzes industry competitors including Atlas Copco, BELAZ, Caterpillar, China Coal, Doosan Infracore, Hitachi Construction Machinery, Komatsu, Liebherr-International, Metso, Sandvik, SANY, thyssenkrupp, Terex, and Volvo.