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Global Mining Remanufacturing Components Market: By Component: Engine, Hydraulic Cylinder, Axle, Differential, Transmission, Torque Convertor, Final Drive; By Industry: Coal, Metal; Others; By Equipment; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

Global Mining Remanufacturing Components Market Outlook

The global mining remanufacturing components market attained a value of USD 4 billion in 2020. The industry is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3.2% to reach USD 4.8 billion by 2026.

 

Global Mining Remanufacturing Components Market

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The Asia Pacific is the fastest-growing region for the industry. An increase in energy demand in countries, including China, India, and Australia has led to an increase in coal requirements. The increasing demand for coal is directly proportional to the use of mining equipment, which is aiding the market growth.

 

Market Segmentation

Based on the components, the industry can be divided into:

 

Global Mining Remanufacturing Components Market By Equipment

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  • Engine
  • Hydraulic Cylinder
  • Axle
  • Differential
  • Transmission
  • Torque Converter
  • Final Drive

The industry can be divided into coal and metal, among others.

The industry can be broadly categorised based on equipment into:

  • Hydraulic Excavator
  • Mine/Haul Truck
  • Wheel Loader
  • Wheel Dozer
  • Crawler Dozer

The EMR report looks into the regional markets of mining remanufacturing components like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Mining Remanufacturing Components Market By Region

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Market Analysis

The growth of mining activities, especially in developing countries and the increased demand for resource exploration, have a positive impact on the remanufacturing components market. Factors like lower costs of remanufacturing mining components compared with new parts are driving the growth of the industry. Wheel loader is expected to witness the highest demand in the forecast period owing to its flexibility.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global mining remanufacturing components market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Caterpillar Inc. (NYSE: CAT)
  • Liebherr Group
  • Hitachi Construction Machinery 
  • Komatsu Limited 
  • VOLVO Construction Equipment

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Industry, Equipment, Region
Breakup by Component Engine, Hydraulic Cylinder, Axle, Differential, Transmission, Torque Convertor, Final Drive
Breakup by Industry Coal, Metal, Others
Breakup by Equipment Hydraulic Excavator, Mine/Haul Truck, Wheel Loader, Wheel Dozer, Crawler Dozer
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
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Caterpillar Inc. (NYSE: CAT), Liebherr Group, Hitachi Construction Machinery (TYO: 6305), Komatsu Limited (TYO: 6301), VOLVO Construction Equipment
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Mining Remanufacturing Components Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Mining Remanufacturing Components Historical Market (2018-2022) 
    8.3    Global Mining Remanufacturing Components Market Forecast (2023-2028)
    8.4    Global Mining Remanufacturing Components Market by Component
        8.4.1    Engine
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Hydraulic Cylinder
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Axle
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Differential
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Transmission
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Torque Converter
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2022)
            8.4.6.3    Forecast Trend (2023-2028)
        8.4.7    Final Drive
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2018-2022)
            8.4.7.3    Forecast Trend (2023-2028)
    8.5    Global Mining Remanufacturing Components Market by Industry
        8.5.1    Coal
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Metal
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Mining Remanufacturing Components Market by Equipment
        8.6.1    Hydraulic Excavator
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Mine/Haul Truck
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Wheel Loader
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Wheel Dozer
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Crawler Dozer
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
    8.7    Global Mining Remanufacturing Components Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        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 (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        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    Caterpillar Inc.
            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    Liebherr-International Deutschland GmbH
            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    Hitachi Construction Machinery Co. Ltd. 
            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    VOLVO Construction Equipment (Volvo CE) 
            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    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Mining Remanufacturing Components Market: Key Industry Highlights, 2018 and 2028
2.    Global Mining Remanufacturing Components Historical Market: Breakup by Component (USD Million), 2018-2022
3.    Global Mining Remanufacturing Components Market Forecast: Breakup by Component (USD Million), 2023-2028
4.    Global Mining Remanufacturing Components Historical Market: Breakup by Industry (USD Million), 2018-2022
5.    Global Mining Remanufacturing Components Market Forecast: Breakup by Industry (USD Million), 2023-2028
6.    Global Mining Remanufacturing Components Historical Market: Breakup by Equipment (USD Million), 2018-2022
7.    Global Mining Remanufacturing Components Market Forecast: Breakup by Equipment (USD Million), 2023-2028
8.    Global Mining Remanufacturing Components Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Mining Remanufacturing Components Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Mining Remanufacturing Components Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Mining Remanufacturing Components Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Mining Remanufacturing Components Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Mining Remanufacturing Components Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Mining Remanufacturing Components Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Mining Remanufacturing Components Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Mining Remanufacturing Components Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Mining Remanufacturing Components Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Mining Remanufacturing Components Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Mining Remanufacturing Components Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Mining Remanufacturing Components Market Structure

Key Questions Answered in the Report

The global mining remanufacturing components market reached a value of USD 4 billion in 2020.

The market is projected to grow at a CAGR of nearly 3.2% in the forecast period of 2023-2028.

The market is estimated to reach a value of about USD 4.8 billion by 2026.

The major drivers of the industry include the rising disposable incomes, increasing population, rising demand for coal, and the rising demand for resource exploration.

The lower cost of remanufacturing mining components is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading components in the market are engine, hydraulic cylinder, axle, differential, transmission, torque converter, and final drive.

The major industries for mining remanufacturing components in the market are coal and metal, among others.

The significant equipment segments in the industry are hydraulic excavator, mine/haul truck, wheel loader, wheel dozer, and crawler dozer.

The leading players in the market are Caterpillar Inc., Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd, and VOLVO Construction Equipment (Volvo CE), among others.

Analyst Review

The global mining remanufacturing components market attained a value of USD 4 billion in 2020, driven by the growth in the demand for coal. Aided by the growth of mining activities, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.2%. The industry is projected to reach USD 4.8 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on component, the global market for mining remanufacturing components can be segmented into engine, hydraulic cylinder, axle, differential, transmission, torque converter, and final drive. By industry, the industry can be divided into coal and metal, among others. On the basis of equipment, the industry is segmented into hydraulic excavator, mine/haul truck, wheel loader, wheel dozer, and crawler dozer. The major regional markets for mining remanufacturing components are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Caterpillar Inc., Liebherr-International Deutschland GmbH, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd, and VOLVO Construction Equipment (Volvo CE), among others.

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 market insights that are accurate, actionable, and help them remain ahead of their competition.

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