World Mining Equipment to 2019

Published: November 2015
No. of Pages: 439
   

World demand to rise 7+% annually through 2019

Global demand for mining equipment is forecast to grow more than seven percent annually to $140 billion in 2019. While growth will slow from the 2009-2014 period, commodity prices are expected to increase by 2019, helping to fuel mining equipment demand gains. In addition, growth in manufacturing output, especially in the developing world, and renewed strength in construction in much of the developed world will continue to support mining equipment sales growth.

Drills & breakers to be fastest growing equipment

Demand for mining equipment will increase at similar rates across nearly all product types, with sales of drills and breakers expanding the fastest. 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 boost demand. Crushing, pulverizing, and screening equipment and surface mining machinery will record the next fastest market gains. Underground mining equipment demand, on the other hand, will grow at the slowest rate of any major product type, with much of the deceleration occurring in China. Over the past decade China has invested heavily in underground mining equipment to improve the safety and productivity of its coal mining operations. However, much of this mechanization drive has been finished, limiting future sales opportunities.

Developing world to remain fastest growing market

The developing world will continue to post the fastest gains in mining equipment demand. Many developing countries have significant metals and coal mining industries that require substantial levels of capital investment. This includes the Asia/Pacific region and Central and South America, which have large metals mining industries, and Eastern Europe and the Africa/Mideast region, which are sizable coal producers. Developing nations are also the most intensive users of mining equipment, when measured against mining output, due to the level of capital spending required in metals and coal mining operations.

After more than tripling in size between 2009 and 2014, China will remain the largest national market for mining equipment sales in 2019. Rapid gains in manufacturing output and construction activity in the country, as well as government efforts to boost the mechanization of China’s mines, resulted in torrid growth historically. Although it will remain a much smaller market, India will record the fastest gains of any country through 2019, as there is still a significant need for mine mechanization in India. In addition, mining output growth in India will be among the strongest in the world.

The developed countries of Western Europe and North America will experience more modest rates of growth through 2019, although mining equipment demand in Western Europe will accelerate from the 2009-2014 period as the region’s construction industry rebounds from a decade long decline. The majority of mining activity in these nations is for aggregates, which require less capital spending per metric ton of output than metals or coal. In addition, coal consumption and associated mining output is falling in many industrialized countries, as regulatory mandates lead to greater use of other energy sources.

Company Profiles

Profiles global industry participants such as Atlas Copco, Caterpillar, Joy Global, Komatsu, Liebherr International, Metso & Sandvik

Additional Information

This study analyzes global supply of and demand for mining equipment.

Products covered by this report include:

  • surface mining machinery (draglines, excavators and shovels, loaders, mining trucks, etc.)
  • underground mining machinery (including armored face conveyors, hydraulic roof supports, roadheaders, and shearers)
  • mining drills and breakers
  • crushing, pulverizing, and screening equipment used in mining applications
  • mineral processing and other miscellaneous mining machinery (including beneficiation, in situ leaching, and underwater mining equipment)
  • mining machinery parts and attachments (blades, buckets, filters for beneficiation equipment, mining drill bits, etc.)

Excluded from the scope of the study are certain products that can be used at mining sites and are sometimes considered to be mining machinery, including general purpose material handling and oilfield equipment. Also excluded is used and rebuilt mining machinery of all types.

Historical data for 2004, 2009, and 2014 and forecasts for 2019 and 2024 are provided for shipments, demand by product type and by market (coal, metals, and minerals mining), and net exports (total) of new mining equipment on a country-by-country basis, valued in millions of current US dollars. The term “demand” actually refers to “apparent consumption” and is defined as shipments (also referred to variously as “production,” “output,” or “supply”) from a nation’s indigenous mining machinery manufacturing facilities plus imports minus exports. It is used interchangeably with the terms “market,” “sales,” and “consumption.”

World Mining Equipment to 2019

Table of Contents

Introduction XII

I. Executive Summary 1

II. Market Environment 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Population Outlook 9
World Manufacturing Trends 12
World Electric Power Generation Outlook 14
World Gross Fixed Investment Trends 17
World Mining Outlook 19
Minerals 24
Metals 27
Coal 30
Pricing Patterns 32
Technology Trends 36
Used & Rebuilt Machinery 38
Legal & Regulatory Environment 39

III. World Supply & Demand 44
General 44
Regional Overview 45
Demand 45
Production 51
International Trade 54
Demand by Market 56
Metals Mining 58
Minerals Mining 61
Coal Mining 63
Demand by Product 65
Surface Mining Machinery 67
Underground Mining Machinery 69
Mining Drills & Breakers 71
Crushing, Pulverizing, & Screening Equipment 73
Mineral Processing & Other Machinery 75
Mining Equipment Parts & Attachments 77

IV. North America 80
General 80
Mining Equipment Supply & Demand 81
Mining Equipment Outlook 85
United States 88
Canada 95
Mexico 100

V. Western Europe 107
General 107
Mining Equipment Supply & Demand 108
Mining Equipment Outlook 112
Germany 115
Italy 120
United Kingdom 126
France 132
Other Western Europe 138
Netherlands 146
Sweden 146
Spain 147
All Other 148

VI. Asia/Pacific 150
General 150
Mining Equipment Supply & Demand 151
Mining Equipment Outlook 154
China 157
Australia 164
India 169
Indonesia 175
Kazakhstan 182
Japan 187
Other Asia/Pacific 193
South Korea 200
Thailand 202
All Other 202

VII. Other Regions 204
Central & South America 204
General 204
Mining Equipment Supply & Demand 205
Mining Equipment Outlook 208
Brazil 211
Chile 217
Peru 223
Other Central & South America 229
Venezuela 236
All Other 237
Eastern Europe 238
General 238
Mining Equipment Supply & Demand 239
Mining Equipment Outlook 243
Russia 246
Poland 251
Ukraine 257
Other Eastern Europe 263
Africa/Mideast 269
General 269
Mining Equipment Supply & Demand 271
Mining Equipment Outlook 274
South Africa 276
Other Africa/Mideast 281
Turkey 289
All Other 290

VIII. Industry Structure 292
General 292
Industry Composition 293
Market Share 295
Product Development & Manufacturing 301
Marketing & Distribution 302
Cooperative Agreements 304
Merger, Acquisitions, & Industry Restructuring 312
Financial Issues & Requirements 315
Company Profiles 317
Asia Trak Tianjin, see Caterpillar Astec Industries Incorporated 318
Astra Veicoli Industriali, see CNH Industrial ASV, see Terex Atlas Construction Machinery, see Inner Mongolia North Hauler Joint Stock Atlas Copco AB 323
Belarusian Autoworks OJSC 326
BELAZ, see Belarusian Autoworks OJSC Bell Equipment Limited 328
BEML Limited 330
Berco, See ThyssenKrupp Boart Longyear Limited 332
Bobcat, see Doosan Infracore Bradken Limited 334
Breaker Technology, see Astec Industries Caterpillar Incorporated 337
China Coal Energy Company Limited 345
CITIC Group Corporation 346
CNH Industrial NV 348
Corum Group 352
Deere-Hitachi Maquinas de Construcao do Brasil, see Hitachi Doosan Infracore Company Limited 354
Eickhoff Bergbautechnik, see Gebrueder Eickhoff Maschinenfabrik und Eisengießerei Famur SA 357
Fazos, see Famur FLSmidth & Company A/S 359
Geawelltech, see Atlas Copco Gebrueder Eickhoff Maschinenfabrik und Eisengießerei GmbH 362
GEFCO, see Astec Industries Glinik, see Famur Gruv Entreprenad Anläggning Welltech System, see Atlas
Copco Hensley Industries, see Komatsu Hypac Holdings, see Caterpillar Hitachi Limited 364
Hyundai Heavy Industries Company Limited 369
Inner Mongolia North Hauler Joint Stock Company Limited 371
International Mining Machinery Holdings, see Joy Global Iveco, see CNH Industrial IZ-KARTEX, see OMZ OJSC Jiamusi Coal Mining Machinery, see Joy Global Jixi Coal Mining Machinery, see Joy Global Johnson Crushers International, see Astec Industries Joy Global Incorporated 373
KCM, see Hitachi Kennametal Incorporated 380
Kleemann, see Wirtgen Group Holding Kolberg-Pioneer, see Astec Industries Komatsu Limited 382
Kopex SA 389
Liebherr-International AG 391
LiuGong Metso Construction Equipment Shanghai, see Metso Metso Corporation 394
Montabert, see Joy Global NFM Technologies, see Northern Heavy Industries Group Ningxia Tiandi Benniu Industrial Group, see Tiandi Science & Technology Northern Heavy Industries Group Company Limited 400
Nowomag, see Famur OMZ OJSC 401
Osborn Engineered Products Proprietary, see Astec Industries Outotec Oyj 403
Pioma, see Famur RCR Tomlinson Limited 404
Refacciones Neumáticas La Paz SA de CV 406
Remag, see Famur RM-Terex, see Terex Sandvik AB 407
Santa Ana de Bolueta, see Metso SANY Heavy Industry Company Limited 411
Shandong Lingong Construction Machinery, see Volvo Shanghai Jianshe Luqiao Machinery, see Sandvik Shaoguan City Shaorui Heavy Industries, see Metso Taiyuan Heavy Industry Company Limited 413
TAKRAF, see Techint Group Tata Hitachi Construction Machinery, see Hitachi Techint Group 414
Telestack, see Astec Industries Telsmith, see Astec Industries Tenova, see Techint Group Terex Corporation 417
Terex NHL Mining Equipment, see Caterpillar and Inner Mongolia North Hauler Joint Stock ThyssenKrupp AG 421
Tiandi Science & Technology Company Limited 425
Uralmashplant JSC, see OMZ OJSC Volvo AB 426
Wenco International Mining Systems, see Hitachi Wirtgen Group Holding GmbH 429
Zamet Industry, see Famur Zhengzhou Coal Mining Machinery Group Company Limited 431
Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing, see Caterpillar Additional Companies Mentioned in Study 434

List of Tables

Section I -- Executive Summary
Summary Table 3

Section II -- Market Environment
1 World Gross Domestic Product by Region 9
2 World Population by Region 11
3 World Manufacturing Value Added by Region 14
4 World Electric Power Generation by Source & Region 16
5 World Gross Fixed Investment by Region 18
6 World Mining Output by Type & Region 23
7 World Minerals Mining Output by Type & Region 26
8 World Metals Mining Output by Type & Region 29
9 World Coal Mining Output by Type & Region 32
10 World Mining Equipment Prices 35

Section III -- World Supply & Demand
1 World Mining Equipment Demand by Region 48
2 World Mining Equipment Shipments by Region 53
3 World Mining Equipment Net Exports by Region 56
4 World Mining Equipment Demand by Market 57
5 World Metals Mining Equipment Demand by Type of Metal & Region 60
6 World Minerals Mining Equipment Demand by Type of Mineral & Region 62
7 World Coal Mining Equipment Demand by Type of Coal & Region 64
8 World Mining Equipment Demand by Product 66
9 World Surface Mining Machinery Demand by Type & Region 69
10 World Underground Mining Machinery Demand by Region 71
11 World Mining Drill & Breaker Demand by Region 73
12 World Crushing, Pulverizing, & Screening Equipment Demand by Type & Region 75
13 World Mineral Processing & Other Machinery Demand by Region 77
14 World Mining Equipment Parts & Attachments Demand by Region 79

Section IV -- North America
1 North America: Mining Equipment Supply & Demand 84
2 North America: Mining Equipment Demand by Market 87
3 United States: Mining Equipment Supply & Demand 92
4 United States: Mining Equipment Demand by Market 94
5 Canada: Mining Equipment Supply & Demand 98
6 Canada: Mining Equipment Demand by Market 100
7 Mexico: Mining Equipment Supply & Demand 104
8 Mexico: Mining Equipment Demand by Market 106

Section V -- Western Europe
1 Western Europe: Mining Equipment Supply & Demand 111
2 Western Europe: Mining Equipment Demand by Market 114
3 Germany: Mining Equipment Supply & Demand 118
4 Germany: Mining Equipment Demand by Market 120
5 Italy: Mining Equipment Supply & Demand 124
6 Italy: Mining Equipment Demand by Market 126
7 United Kingdom: Mining Equipment Supply & Demand 130
8 United Kingdom: Mining Equipment Demand by Market 132
9 France: Mining Equipment Supply & Demand 136
10 France: Mining Equipment Demand by Market 138
11 Other Western Europe: Mining Equipment Supply & Demand 142
12 Other Western Europe: Mining Equipment Demand by Market 144
13 Other Western Europe: Mining Equipment Supply & Demand by Country 145

Section VI -- Asia/Pacific
1 Asia/Pacific: Mining Equipment Supply & Demand 153
2 Asia/Pacific: Mining Equipment Outlook 156
3 China: Mining Equipment Supply & Demand 161
4 China: Mining Equipment Demand by Market 163
5 Australia: Mining Equipment Supply & Demand 167
6 Australia: Mining Equipment Demand by Market 169
7 India: Mining Equipment Supply & Demand 173
8 India: Mining Equipment Demand by Market 175
9 Indonesia: Mining Equipment Supply & Demand 179
10 Indonesia: Mining Equipment Demand by Market 181
11 Kazakhstan: Mining Equipment Supply & Demand 185
12 Kazakhstan: Mining Equipment Demand by Market 187
13 Japan: Mining Equipment Supply & Demand 191
14 Japan: Mining Equipment Demand by Market 193
15 Other Asia/Pacific: Mining Equipment Supply & Demand 197
16 Other Asia/Pacific: Mining Equipment Demand by Market 199
17 Other Asia/Pacific: Mining Equipment Supply & Demand by Country 200

Section VII -- Other Regions
1 Central & South America: Mining Equipment Supply & Demand 207
2 Central & South America: Mining Equipment Demand by Market 210
3 Brazil: Mining Equipment Supply & Demand 215
4 Brazil: Mining Equipment Demand by Market 217
5 Chile: Mining Equipment Supply & Demand 221
6 Chile: Mining Equipment Demand by Market 223
7 Peru: Mining Equipment Supply & Demand 227
8 Peru: Mining Equipment Demand by Market 229
9 Other Central & South America: Mining Equipment Supply & Demand 233
10 Other Central & South America: Mining Equipment Demand by Market 235
11 Other Central & South America: Mining Equipment Demand by Country 236
12 Eastern Europe: Mining Equipment Supply & Demand 242
13 Eastern Europe: Mining Equipment Demand by Market 245
14 Russia: Mining Equipment Supply & Demand 249
15 Russia: Mining Equipment Demand by Market 251
16 Poland: Mining Equipment Supply & Demand 255
17 Poland: Mining Equipment Demand by Market 257
18 Ukraine: Mining Equipment Supply & Demand 261
19 Ukraine: Mining Equipment Demand by Market 263
20 Other Eastern Europe: Mining Equipment Supply & Demand 267
21 Other Eastern Europe: Mining Equipment Demand by Market 269
22 Africa/Mideast: Mining Equipment Supply & Demand 273
23 Africa/Mideast: Mining Equipment Demand by Market 275
24 South Africa: Mining Equipment Supply & Demand 279
25 South Africa: Mining Equipment Demand by Market 281
26 Other Africa/Mideast: Mining Equipment Supply & Demand 286
27 Other Africa/Mideast: Mining Equipment Demand by Market 288
28 Other Africa/Mideast: Mining Equipment Supply & Demand by Country 289

Section VIII -- Industry Structure
1 Mining equipment Sales by Company, 2014 294
2 Selected Cooperative Agreements 306
3 Selected Acquisitions & Divestitures 314

List of Charts

Section II -- Market Environment
1 World Commodity Price Index, 2004-2014 21
2 World Mining Output by Region, 2014 24
3 World Mining Equipment Prices, 2004-2024 35

Section III -- World Supply & Demand
1 World Mining Equipment Demand by Region, 2014 49
2 World Mining Equipment Demand: Projected 2014-2019
Annual Rate of Growth 50
3 World Mining Equipment Shipments by Region, 2014 54
4 World Mining Equipment Demand by Market, 2014 57
5 World Mining Equipment Demand by Product, 2014 66

Section IV -- North America
1 North America: Mining Equipment Demand by Country, 2014 85

Section V -- Western Europe
1 Western Europe: Mining Equipment Demand by Country, 2014 112

Section VI -- Asia/Pacific
1 Asia/Pacific: Mining Equipment Demand by Country, 2014 154

Section VII -- Other Regions
1 Central & South America: Mining Equipment Demand by Country, 2014 208
2 Eastern Europe: Mining Equipment Demand by Country, 2014 243
3 Africa/Mideast: Mining Equipment Demand by Country, 2014 274

Section VIII -- Industry Structure
1 World Mining Equipment Market Share, 2014 297

Published By: Freedonia Group
Product Code: Freedonia Group488


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