Global Mining Equipment Industry to 2026 – With Caterpillar, Komatsu and Hitachi, among others

DUBLIN, September 22, 2021– (BUSINESS WIRE) – The “Global Mining Equipment Market, By Category (Crushing, Spraying, Screening, Mineral Processing, Surface & Underground), By Application, By Propulsion, By Power Output, By Vehicle Type, by region, competition, Forecast & Opportunities, 2026 “has been added to offer.

The global mining equipment market is expected to grow from 32,000 units in 2020 to 46,000 units by 2026, with a CAGR of 6.89% through 2026 due to increasing demand for coal and metals at scale global.

Companies mentioned

  • caterpillar

  • Komatsu Ltd.

  • Liebherr International AG

  • Hitachi Ltd.

  • Deere & Company

  • XCMG Group

  • Doosan Company

  • Sany Heavy Industry Co., Ltd.

  • AB Volvo

  • JC Bamford Excavators Ltée

Coal is the most abundant source of electricity generation and about 36% of the world’s electricity depends on coal. The demand for metals like iron, aluminum and copper is still high in the world market due to its use for transporting electricity in the power grid. Due to COVID-19, many mines around the world have stopped production, resulting in reduced demand for mining equipment. Until 2018, global sales of mining equipment grew at a steady pace, but in 2019 sales fell due to declining private equity.

The global mining equipment market can be segmented on the basis of category, application, propulsion, power output, vehicle type, and region. On the basis of the category, the market can be classified into crushing, pulverizing, screening, mineral processing and surface and underground. In the type category, surface and subsoil accounted for the majority of shares, as coal and minerals are mined using this type of mining. In application type, the demand for mining equipment in coal mining accounts for more than half of the total equipment due to the world’s heavy reliance on coal for power generation. In the vehicle type, electric excavators, followed by hydraulic excavators and mining bulldozers, accounted for over 10% share in 2020 due to their use in coal mines for loading and mining processes.

Regionally, Asia-Pacific was the largest region in terms of mining equipment sales in 2020 and it is also expected to maintain its position in the future. Mining activities in China are the main driver of Asia-Pacific dominance in the global mining equipment market. China itself accounted for over 14% of global mining equipment consumption and over 37% in Asia-Pacific. North America holds more than 20% of mining equipment sales in 2020, and in terms of sales by region, it is expected to continue to rank second after Asia-Pacific.

Goal of the study:

  • To analyze the historical growth in market size of the global mining equipment market from 2016 to 2020.

  • Estimate and forecast the market size of the global mining equipment market from 2021 to 2026 and the growth rate to 2026.

  • Identify the dominant region or segment of the global mining equipment market.

  • Identify the drivers and challenges of the global mining equipment market.

  • To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global mining equipment market.

  • To perform price analysis for the global mining equipment market.

  • Identify and analyze the profile of the major players operating in the global mining equipment market

Main topics covered:

1. Product overview

2. Research methodology

3. Impact of COVID-19 on the global mining equipment market

4. Voice of the customer

4.1. Factors influencing the purchase decision

4.2. Brand awareness

4.3. Challenges encountered after purchase

5. Executive summary

6. Global Mining Equipment Market Outlook

6.1. Market size and forecast

6.1.1. By volume

6.1.2. By value

6.2. Market share and forecasts

6.2.1. By category (crushing, pulverizing, screening, mineral processing, surface and underground)

6.2.2. By application (Metal, Mineral, Coal, Others)

6.2.3. By Propulsion (Diesel, CNG / LNG, Electric)

6.2.4. By output power (2000HP)

6.2.5. By vehicle type (articulated dump trucks, crawler bulldozers, crawler excavators, graders, rigid dump trucks, drills, electric excavators, hydraulic excavators, mining bulldozers, mining trucks, wheel loaders, others)

6.2.6. By region

6.2.7. By company (2020)

6.3. Product market map (by type of vehicle, by region)

7. Asia-Pacific Mining Equipment Market Outlook

8. North America Mining Equipment Market Outlook

9. Outlook for the mining equipment market in Europe

10. South America Mining Equipment Market Outlook

11. MEA Mining Equipment Market Outlook

12. Market dynamics

12.1. Conductors

12.2. Challenges

13. Market trends and developments

14. Competitive landscape

15. Strategic recommendations

16. About the publisher and disclaimer

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