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World Mining Equipment

World demand to rise 8.6% annually through 2017

Despite some short term weakness, the worldwide mining machinery market is forecast to expand 8.6 percent per year through 2017 to $135 billion, spurred by voracious demand for mined materials in China, India, and several other developing nations as industrial output increases. Global patterns of investment in mining capacity will be determined in large part by these industrializing countries, as resource companies look to capitalize on new sales opportunities. Rapid gains in mining equipment demand will occur in large developing markets such as Brazil, China, and India, with China being the largest purchaser by a wide margin. Additionally, machinery demand will expand in other nations with large deposits of industrial materials, including Australia, Chile, Indonesia, and Peru.

Asia/Pacific region to see greatest sales growth

The large Asia/Pacific market is expected to post the greatest sales growth through 2017, fueled by substantial investments in new mine production capacity in several nations. Strong gains will also be recorded in Central and South America, as mining companies look to develop the region's sizable deposits of bauxite, copper, and iron ore. For example, this region is the largest producer of copper by a wide margin, and the dissipation of oversupply issues that existed in 2012 and 2013 will allow copper prices to recover and boost associated mining equipment demand. The Africa/Mideast region will post the next strongest market advances, followed by Eastern Europe,

Western Europe, and North America. In developed areas, a recovery in construction spending and manufacturing output will boost demand for nearly all types of mined materials, though more emphasis on environmentally friendly sources of electricity will dampen thermal coal output.

Key metals mining market to rise at the most rapid pace

While metals mining accounts for a lesser share of mine output than nonmetallic minerals and coal in volume terms, this application represents the largest segment of the global mining machinery market due to the large amount of material that typically must be removed per ton of metal produced. This slice of the market will also rise at the fastest pace through 2017, stimulated by steel and aluminum production. An expansion in construction spending and agricultural output as world population continues to grow will boost consumption of construction aggregates and fertilizer minerals like phosphate rock, as well as sales of related equipment. Growth in primary metals production and rising global energy demand will spur growth in coal mining machinery sales, as will ongoing efforts to mechanize coal mining operations in China. However, a shift away from coal as an electricity source in developed countries will restrain overall demand advances.

Drills & breakers will be fastest growing products

Through 2017, demand for drills and breakers will climb at the most rapid pace of any product segment, as these units are used almost universally across all mining operations, especially during the exploration phase of a project. Additionally, the growing use of in situ mining techniques, where these products are a primary type of equipment employed, will further increase sales. Like drills and breakers, crushing, pulverizing, and screening equipment is used in almost every kind of mining operation, and continued gains in world mining output will result in strong sales advances for these products.

Study coverage

This Freedonia industry study, World Mining Equipment, presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by market, product, world region and for 29 countries. This study also considers market environment factors, evaluates company market share and profiles 40+ industry competitors.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • World Economic Overview
    • Recent Historical Trends
    • World Economic Outlook
  • World Population Outlook
  • World Manufacturing Trends
  • World Electric Power Generation Outlook
  • World Gross Fixed Investment Trends
  • World Mining Outlook
    • Minerals
    • Metals
    • Coal
  • Pricing Patterns
  • Technology Trends
  • Used & Rebuilt Equipment
  • Legal & Regulatory Environment

III. OVERVIEW

  • General
  • Regional Overview
    • Demand
    • Production
    • International Trade
  • Demand by Market
    • Metals Mining
    • Coal Mining
    • Minerals Mining
  • Demand by Product
    • Surface Mining Machinery
    • Underground Mining Machinery
    • Mining Drills & Breakers
    • Crushing, Pulverizing, & Screening Equipment
    • Mineral Processing & Other Machinery
    • Mining Equipment Parts & Attachments

IV. NORTH AMERICA

  • General
  • Mining Equipment Supply & Demand
  • Mining Equipment Outlook
  • United States
  • Canada
  • Mexico

V. WESTERN EUROPE

  • General
  • Mining Equipment Supply & Demand
  • Mining Equipment Outlook
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • Other Western Europe
    • Netherlands
    • Sweden
    • All Other

VI. ASIA/PACIFIC

  • General
  • Mining Equipment Supply & Demand
  • Mining Equipment Outlook
  • China
  • Australia
  • India
  • Indonesia
  • Kazakhstan
  • Japan
  • Thailand
  • South Korea
  • Other Asia/Pacific

VII. OTHER REGIONS

  • Central & South America
    • General
    • Mining Equipment Supply & Demand
    • Mining Equipment Outlook
    • Brazil
    • Chile
    • Peru
    • Other Central & South America
      • Colombia
      • Venezuela
      • All Other
  • Eastern Europe
    • General
    • Mining Equipment Supply & Demand
    • Mining Equipment Outlook
    • Russia
    • Ukraine
    • Poland
    • Other Eastern Europe
  • Africa/Mideast
    • General
    • Mining Equipment Supply & Demand
    • Mining Equipment Outlook
    • South Africa
    • Iran
    • Turkey
    • Other Africa/Mideast

VIII. INDUSTRY STRUCTURE

  • General
  • Industry Composition
  • Market Share
  • Product Development & Manufacturing
  • Marketing & Distribution
  • Cooperative Agreements
  • Financial Issues & Requirements
  • Mergers, Acquisitions, & Industry Restructuring

COMPANY PROFILES

  • Asia Trak Tianjin, see Caterpillar
  • Astec Industries Incorporated
  • Astra Veicoli Industriali, see CNH Industrial
  • Atlas Construction Machinery, see Inner Mongolia North
  • Hauler Joint Stock
  • Atlas Copco AB
  • Bateman Engineering, see Techint Group
  • Belarusian Autoworks OJSC
  • Bell Equipment Limited
  • BEML Limited
  • Berco, see ThyssenKrupp
  • Boart Longyear Limited
  • Bobcat, see Doosan Infracore
  • Bradken Limited
  • Breaker Technology, see Astec Industries
  • Bucyrus International, see Caterpillar
  • Caterpillar Incorporated
  • China Coal Energy Company Limited
  • China First Heavy Industries Company Limited
  • CITIC Group
  • CJSC Gorlovsky Engineering Works, see SIC Mining
  • Machines
  • CNH Industrial NV
  • Doosan Infracore Company Limited
  • ERA Mining Machinery, see Caterpillar
  • Famur SA
  • Fazos, see Famur
  • Fiat Industrial, see CNH Industrial
  • FLSmidth & Company A/S
  • Gebrueder Eickhoff Maschinenfabrik und Eisengießerei GmbH
  • GEFCO, see Astec Industries
  • GIA Industri, see Atlas Copco
  • Halco Rock Tools, see Caterpillar
  • Hensley Industries, see Komatsu
  • Hitachi Limited
  • Hypac Holdings, see Caterpillar
  • Hyundai Heavy Industries Company Limited
  • Inner Mongolia North Hauler Joint Stock Company Limited
  • International Mining Machinery Holdings, see Joy Global
  • IZ-Kartex, see OJSC OMZ
  • Jixi Coal Mining Machinery, see Joy Global
  • Johnson Crushers International, see Astec Industries
  • Joy Global Incorporated
  • Kennametal Incorporated
  • Kleeman, see Wirtgen Group
  • Kobelco Construction Machinery America, see CNH Industrial
  • Kolberg-Pioneer, see Astec Industries
  • Komatsu Limited
  • Kopex SA
  • Liebherr-International AG
  • Ludowici, see FLSmidth & A/S
  • Metso Corporation
  • MEYCO Equipment, see Atlas Copco
  • Montabert, see Doosan Infracore
  • New Holland Kobelco Construction Machinery, see CNH Industrial
  • NewTech Drilling Products, see Atlas Copco
  • NFM Technologies, see Northern Heavy Industries Group
  • Northern Heavy Industries Group Company Limited
  • Nowomag, see Famur
  • OJSC Druzhkovsky Engineering Factory, see SIC Mining Machines
  • OJSC OMZ
  • Osborn Engineered Products Proprietary, see Astec Industries
  • Outotec Oyj
  • P&H Mining Equipment, see Joy Global
  • Pioma, see Famur
  • PJSC Krivorozhskiy Machine Building Plant of Mining
  • Equipment, see SIC Mining Machines
  • RCR Tomlinson Limited
  • Refacciones Neumáticas La Paz SA de CV
  • REMAG, see Famur
  • RM-Terex, see Terex
  • Sandvik AB
  • Sany Heavy Equipment International Holdings Company Limited
  • SANY Heavy Industry Company Limited
  • Shandong Lingong Construction Machinery, see Volvo
  • Shandong SEM Machinery, see Caterpillar
  • Shanghai Jianshe Luqiao Machinery, see Sandvik
  • Shaorui Heavy Industries, see Metso
  • SIC Mining Machines
  • Taiyuan Heavy Industry Company Limited
  • TAKRAF, see Techint Group
  • Tata Hitachi Construction Machinery, see Hitachi
  • Techint Group
  • Telco Construction Equipment, see Hitachi
  • Telsmith, see Astec Industries
  • Tenova, see Techint Group
  • Terex Corporation
  • Terex NHL Mining Equipment, see Caterpillar and Inner
  • Mongolia North Hauler Joint Stock
  • ThyssenKrupp AG
  • Tiandi Science & Technology Company Limited
  • Volvo AB
  • Wenco International Mining Systems, see Hitachi
  • Wirtgen Group
  • Zamet Industry, see Famur
  • Zhengzhou Coal Mining Machinery Group
  • Company Limited
  • Zhengzhou Siwei Mechanical & Electrical Equipment
  • Manufacturing, see Caterpillar
  • ZMG Glinik Sp zoo, see Famur
  • Additional Companies Mentioned in Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • World Gross Domestic Product by Region
  • World Population by Region
  • World Manufacturing Value Added by Region
  • World Electric Power Generation by Source & Region
  • World Gross Fixed Investment by Region
  • World Mining Output by Type & Region
  • World Minerals Mining Output by Type & Region
  • World Metals Mining Output by Type & Region
  • World Coal Mining Output by Type & Region
  • World Mining Equipment Prices

SECTION III -- OVERVIEW

  • World Mining Equipment Demand by Region
  • World Mining Equipment Shipments by Region
  • World Mining Equipment Net Exports by Region
  • World Mining Equipment Demand by Market
  • World Metals Mining Equipment Demand by Type of Metal & Region
  • World Coal Mining Equipment Demand by Type of Coal & Region
  • World Minerals Mining Equipment Demand by Type of Mineral & Region
  • World Mining Equipment Demand by Product
  • World Surface Mining Machinery Demand by Type & Region
  • World Underground Mining Machinery Demand by Region
  • World Mining Drill & Breaker Demand by Region
  • World Crushing, Pulverizing, & Screening Equipment Demand by Type & Region
  • World Mineral Processing & Other Machinery Demand by Region
  • World Mining Equipment Parts & Attachments Demand by Region

SECTION IV -- NORTH AMERICA

  • North America: Mining Equipment Supply & Demand
  • North America: Mining Equipment Demand by Market
  • United States: Mining Equipment Supply & Demand
  • United States: Mining Equipment Demand by Market
  • Canada: Mining Equipment Supply & Demand
  • Canada: Mining Equipment Demand by Market
  • Mexico: Mining Equipment Supply & Demand
  • Mexico: Mining Equipment Demand by Market

SECTION V -- WESTERN EUROPE

  • Western Europe: Mining Equipment Supply & Demand
  • Western Europe: Mining Equipment Demand by Market
  • Germany: Mining Equipment Supply & Demand
  • Germany: Mining Equipment Demand by Market
  • Italy: Mining Equipment Supply & Demand
  • Italy: Mining Equipment Demand by Market
  • France: Mining Equipment Supply & Demand
  • France: Mining Equipment Demand by Market
  • United Kingdom: Mining Equipment Supply & Demand
  • United Kingdom: Mining Equipment Demand by Market
  • Spain: Mining Equipment Supply & Demand
  • Spain: Mining Equipment Demand by Market
  • Other Western Europe: Mining Equipment Supply & Demand
  • Other Western Europe: Mining Equipment Demand by Market
  • Other Western Europe: Mining Equipment Supply & Demand by Country

SECTION VI -- ASIA/PACIFIC

  • Asia/Pacific: Mining Equipment Supply & Demand
  • Asia/Pacific: Mining Equipment Outlook
  • China: Mining Equipment Supply & Demand
  • China: Mining Equipment Demand by Market
  • Australia: Mining Equipment Supply & Demand
  • Australia: Mining Equipment Demand by Market
  • India: Mining Equipment Supply & Demand
  • India: Mining Equipment Demand by Market
  • Indonesia: Mining Equipment Supply & Demand
  • Indonesia: Mining Equipment Demand by Market
  • Kazakhstan: Mining Equipment Supply & Demand
  • Kazakhstan: Mining Equipment Demand by Market
  • Japan: Mining Equipment Supply & Demand
  • Japan: Mining Equipment Demand by Market
  • Thailand: Mining Equipment Supply & Demand
  • Thailand: Mining Equipment Demand by Market
  • South Korea: Mining Equipment Supply & Demand
  • South Korea: Mining Equipment Demand by Market
  • Other Asia/Pacific: Mining Equipment Supply & Demand
  • Other Asia/Pacific: Mining Equipment Demand by Market

SECTION VII -- OTHER REGIONS

  • Central & South America: Mining Equipment Supply & Demand
  • Central & South America: Mining Equipment Demand by Market
  • Brazil: Mining Equipment Supply & Demand
  • Brazil: Mining Equipment Demand by Market
  • Chile: Mining Equipment Supply & Demand
  • Chile: Mining Equipment Demand by Market
  • Peru: Mining Equipment Supply & Demand
  • Peru: Mining Equipment Demand by Market
  • Other Central & South America: Mining Equipment Supply & Demand
  • Other Central & South America: Mining Equipment Demand by Market
  • Other Central & South America: Mining Equipment Supply & Demand by Country
  • Eastern Europe: Mining Equipment Supply & Demand
  • Eastern Europe: Mining Equipment Demand by Market
  • Russia: Mining Equipment Supply & Demand
  • Russia: Mining Equipment Demand by Market
  • Ukraine: Mining Equipment Supply & Demand
  • Ukraine: Mining Equipment Demand by Market
  • Poland: Mining Equipment Supply & Demand
  • Poland: Mining Equipment Demand by Market
  • Other Eastern Europe: Mining Equipment Supply & Demand
  • Other Eastern Europe: Mining Equipment Demand by Market
  • Africa/Mideast: Mining Equipment Supply & Demand
  • Africa/Mideast: Mining Equipment Demand by Market
  • South Africa: Mining Equipment Supply & Demand
  • South Africa: Mining Equipment Demand by Market
  • Iran: Mining Equipment Supply & Demand
  • Iran: Mining Equipment Demand by Market
  • Turkey: Mining Equipment Supply & Demand
  • Turkey: Mining Equipment Demand by Market
  • Other Africa/Mideast: Mining Equipment Supply & Demand
  • Other Africa/Mideast: Mining Equipment Demand by Market

SECTION VIII -- INDUSTRY STRUCTURE

  • Mining Equipment Sales by Company, 2012
  • Selected Cooperative Agreements
  • Selected Acquisitions & Divestitures

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

  • World Commodity Price Trends, 2002-2012
  • World Mining Output by Region, 2012
  • World Mining Equipment Prices, 2002-2022

SECTION III -- OVERVIEW

  • World Mining Equipment Demand by Region, 2012
  • World Mining Equipment Demand: Projected 2012-2017
  • Annual Rate of Growth
  • World Mining Equipment Shipments by Region, 2012
  • World Mining Equipment Demand by Market, 2012
  • World Mining Equipment Demand by Product, 2012

SECTION IV -- NORTH AMERICA

  • North America: Mining Equipment Demand by Country, 2012

SECTION V -- WESTERN EUROPE

  • Western Europe: Mining Equipment Demand by Country, 2012

SECTION VI -- ASIA/PACIFIC

  • Asia/Pacific: Mining Equipment Demand by Country, 2012

SECTION VII -- OTHER REGIONS

  • Central & South America: Mining Equipment Demand by Country, 2012
  • Eastern Europe: Mining Equipment Demand by Country, 2012
  • Africa/Mideast: Mining Equipment Demand by Country, 2012

SECTION VIII -- INDUSTRY STRUCTURE

  • World Mining Equipment Market Share, 2012
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