Reports
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
Global Heavy Mining Equipment Market: By Equipment Type: Surface Mining Equipment, Underground Equipment, Auxiliary Equipment and Others; By Application: Metal Mining, Non- Metal Mining; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Heavy Mining Equipment Market Outlook
The global heavy mining equipment market reached a value of nearly USD 78.25 billion in 2020. The market is further expected to grow at a CAGR of 3.5% between 2022 and 2027.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rapid Urbanisation in Emerging Economies to Aid the Market for Heavy Mining Equipment
The Asia Pacific is the leading region in terms of growth prospects as well as size. The regions with high potential for heavy mining equipment growth include South America and Africa. These regions are witnessing an increased demand for automation as well as autonomous equipment, which is supporting the growth of the market at a global level.
Asia, along with Africa, is expected to witness high growth rates in the coming years. The increasing demand from regions like India, China, and Indonesia is expected to increase the global market size. Coal is the major end-use sector in most of the markets. The Asia Pacific is likely to witness a significant growth in the coming years owing to the increasing mineral output in the countries within the region, along with the rising commodity prices. The emerging economies like India and China are driving the growth in the region. The growing economy of India is another important market in the region, which is witnessing a rising production of iron ore.
The growing expenditure by the leading market players aimed at the development and expansion of their product portfolio is anticipated to positively impact the heavy mining equipment market growth in the forecast period. Caterpillar Inc., one of the key players, is the leading supplier for heavy mining equipment, with its presence across all the major regions. The company supplies to more than 180 countries. Another key player, Epiroc AB, is the leading company in the underground mining equipment, with over 30% of the market share. Their sales are majorly being driven by the latest technologies and growing online sales.
Market Segmentation
Heavy mining equipment refers to heavy machines that are used for purposes like mining, earthmoving tasks, or construction. It is referred to as heavy due to the heavy-duty work it performs at the mining sites like gold or iron ore. Underground mining equipment like diggers, trucks, and loaders, among others, are some types of the equipment that are helpful in the extraction of materials. The equipment is also useful in the processing of the excavated products, which are hauled to the ground using lifts or skips. These equipment are essential to carry out effective and precise mining tasks across diverse application sectors.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market can be segmented into the following types:
- Surface Mining Equipment
- Drills
- Mining Trucks
- Electric Mining Shovels
- Hydraulic Shovels
- Wheel Loaders
- Draglines
- Tractors/Dozers
- Motor Grader
- Underground Equipment
- Drills
- Mining Trucks
- Electric Mining Shovels
- Hydraulic Shovels
- Wheel Loaders
- Draglines
- Tractors/Dozers
- Motor Grader
- Auxiliary Equipment
- Others
Surface mining equipment is the leading type available in the market, accounting for 34.5% of the market share. It is closely followed by underground equipment.
The surface mining equipment market can be divided, based on application, into:
- Metal Mining
- Non-Metal Mining
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Demand in Downstream Applications to Bolster the Market for Heavy Mining Equipment
The global heavy mining equipment market is supported significantly by its downstream industries like mining, cement production, autonomous equipment, and automation, among others. The market is being primarily driven by the mining sector, which is rapidly expanding owing to the newly found resources in regions like Zambia and Congo. The increasing demand for precious metals, coal, and other metal and non-metal products is leading to increased mining activities in Indonesia, India, and China. The rapid growth of mining activities fuelled by the demand for underground resources is, in turn, increasing the demand for heavy mining equipment. Furthermore, the development of new mining locations is resulting in an increased demand for mining equipment. The rise in the levels of mineral output is also propelling the market growth. Coal mining is another crucial factor, pushing the market growth for heavy equipment further. Coal accounts for 40% share of the mining sector revenues. Further, the metal mining application segment is also supporting the market growth with the increasing demand for precious metals, favorable government policies, and a rise in hauling of metal deposits.
The heavy mining equipment market is also being driven by the developing economies of Asian countries like India and China. China is majorly supported by its growing economy as well as the rising prices of the commodity. The rising commodity prices help the producers and mining companies gain more profit margins. The market is also being aided by the growing construction sector, which is rapidly growing across all regions, especially in Asian countries.
The growing expenditure by the market players to develop advanced heavy mining equipment is expected to support the market growth in the forecast period. For instance, in February 2022, Boart Longyear, a US-based mining company, announced the launch of its new LM deephole underground drilling rig, which provides 50% increased drilling depth. The drill can be controlled remotely through DCi™ (Drill Control Interface), and it comes with a rod handler for improved safety. With increasing complexities in mining operations, the robotic technology is likely to witness increased acceptance across various segments to enhance operational efficiency. The growing adoption of autonomous and robotics technology is aimed at improving mining tasks precision and efficiency. Such developments are expected to aid the market growth in the forecast period.
Key Players in the Global Market for Heavy Mining Equipment
The report gives a detailed analysis of the following key players in the global heavy mining equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Epiroc AB
- Sandvik AB
- Caterpillar Inc.
- Komatsu Ltd.
- Liebherr-International Deutschland GmbH
- Hitachi Construction Machinery Co, Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on Porter’s five forces model, along with giving a SWOT analysis. The report also gives the price and data analysis of the market.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Equipment Type, Application, Region |
| Breakup by Equipment Type | Surface Mining Equipment, Underground Equipment, Auxiliary Equipment and Others |
| Breakup by Application | Metal Mining, Non- Metal Mining |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered |
Epiroc AB, Sandvik AB, Caterpillar Inc., Komatsu Ltd., Liebherr-International Deutschland GmbH, and Hitachi Construction Machinery Co, Ltd., among others. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Heavy Mining Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Heavy Mining Equipment Historical Market (2017-2021)
8.3 Global Heavy Mining Equipment Market Forecast (2022-2027)
8.4 Global Heavy Mining Equipment Market by Equipment Type
8.4.1 Surface Mining Equipment
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Surface Mining Equipment by Type
8.4.1.4.1 Drills
8.4.1.4.2 Mining Trucks
8.4.1.4.3 Electric Mining Shovels
8.4.1.4.4 Hydraulic Shovels
8.4.1.4.5 Wheel Loaders
8.4.1.4.6 Draglines
8.4.1.4.7 Tractors/Dozers
8.4.1.4.8 Motor Grader
8.4.2 Underground Equipment
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.2.4 Underground Equipment by Type
8.4.2.4.1 Bolters
8.4.2.4.2 UG Wheel Loaders/LHD
8.4.2.4.3 Mining Trucks
8.4.2.4.4 Development Drills
8.4.2.4.5 Production Drills
8.4.3 Auxiliary Equipment
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Heavy Mining Equipment Market by Application
8.5.1 Metal Mining
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Non-Metal Mining
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Heavy Mining Equipment Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Epiroc AB
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Sandvik AB
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Caterpillar Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Komatsu Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Liebherr-International Deutschland GmbH
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Hitachi Construction Machinery Co, Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Heavy Mining Equipment Market: Key Industry Highlights, 2017 and 2027
2. Global Heavy Mining Equipment Historical Market: Breakup by Equipment Type (USD Billion), 2017-2021
3. Global Heavy Mining Equipment Market Forecast: Breakup by Equipment Type (USD Billion), 2022-2027
4. Global Heavy Mining Equipment Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Heavy Mining Equipment Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Heavy Mining Equipment Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Heavy Mining Equipment Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Heavy Mining Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Heavy Mining Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Heavy Mining Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Heavy Mining Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Heavy Mining Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Heavy Mining Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Heavy Mining Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Heavy Mining Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Heavy Mining Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Heavy Mining Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Heavy Mining Equipment Market Structure
Analyst Review
The global heavy mining equipment market attained a value of around USD 78.25 billion in 2020. It is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.5%. The industry is projected to reach a value of USD 96.2 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the industry can be segmented into surface mining equipment, underground equipment, and auxiliary equipment and others, with surface equipment leading the market. On the basis of application, the industry can be segmented applications in metal and non-metal mining sectors, with non-metal mining accounting for the largest market share. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the Asia Pacific representing the largest regional market of the product. The major players in the above industry include Epiroc AB, Sandvik AB, Caterpillar Inc., Komatsu Ltd., Liebherr-International Deutschland GmbH, and Hitachi Construction Machinery Co, Ltd., among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing cement industry, rising mining activities, and growing demand for coal, precious metals, and other materials are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global heavy mining equipment market performed in the previous years (2017-2021)?
- What is the forecast assessment of the industry for 2022-2027?
- What are the major industry drivers and constraints?
- What are the major price and demand indicators of the global heavy mining equipment industry?
- What are the price trends of natural rubber, synthetic rubber, and HRC steel in the market globally?
- Who are the key manufacturers of the product in the global industry?
- What are the import and export trends in the global heavy mining equipment market?
- Who are the top importers and exporters of natural rubber, synthetic rubber, and HRC steel in the industry globally?
- What is the degree of competition in the global heavy mining equipment market?
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateFive User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
The global excavators market was driven by the increasing number of private and public infrastructure projects in the historical period. Aided by the widespread usage in mining applications and growin...
The global mining drilling services market reached a value of around USD 2.52 billion in 2021, driven by the increasing application of precious metals and minerals in aerospace and defence and automot...
The global cement grinding aid and performance enhancers market is being driven by the growing competition among the major cement manufacturing companies and the increased focus to improve the efficie...
The Europe excavator market was driven by the increased spending on construction activities in the historical period. Aided by the growing technological advancements, the market is expected to witness...
The global plasterboard market attained a value of more than USD 21.89 billion by 2021, driven by the thriving building and construction industry, rising demand for heat resistant, durable, impact res...
NEWSLETTER