Heavy Mining Equipments Market Intelligence

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  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Heavy Mining Equipments category?

Are you looking for answers on Heavy Mining Equipments category?

  • What are the key trends in Heavy Mining Equipments category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Heavy Mining Equipments industry?
  • How is Heavy Mining Equipments industry performing?

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Report Coverage

  • Global Market Overview
  • Cost and Price Analysis
  • Cost Structure Analysis
  • Procurement Trends

Production Size

Global market size

$78.26 billion

North America

$9.73 billion

South America

$5.65 billion

Asia

$36.6 billion

Table of Contents

 

  1. Heavy Mining Equipment - Executive Summary
  2. Market Overview
  3. Regional Overview 
  4. Key Suppliers
  1. Heavy Mining Equipment - Market Analysis
  2. Market Maturity
  3. Global Market Overview
  4. Global Demand by Application
  1. Heavy Mining Equipment - Regional Market Analysis
  2. North America
  3. Asia
  4. Australia
  5. South America
  6. Africa
  1. Heavy Mining Equipment - Industry Analysis
  2. Porter’s Five Forces Analysis: HME
  3. Industry Drivers and Constraints
  4. Market Driver: Commodity Prices
  1. Heavy Mining Equipment - Cost and Price Analysis
  2. Cost Structure Analysis
  3. Cost Driver Analysis
  4. Price Trends
  5. HME: Total Cost of Ownership
  1. Heavy Mining Equipment - Procurement Insights
  2. LCCS Analysis
  3. Sustainability Initiatives
  1. Heavy Mining Equipment - Industry Practices
  2. Sourcing Channels
  3. Industry Practices
  4. Contract Structure by Suppliers

 

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Heavy Mining Equipments Global Market Outlook:

Market Growth:

  • Global market size: $78.26 billion (2019)
  • Expected to grow at a CAGR of 3–4 percent to $82.8 billion by 2022.

Key Market Drivers:

Metal Production Output: Up by 3–3.5 percent CAGR until 2021

Porter's Analysis on Heavy Mining Equipment

Supplier Power

  • HME components are sourced from multiple vendors and supplier power towards equipment industry is medium due to the fragmented nature of the supply
  • Key components, such as engines, are a consolidated market, while ground engagement tools and undercarriage markets have high degree of fragmentation

Barriers to New Entrants

  • High capital investment is required, hence new entrants find it difficult to enter the market
  • The HME market is highly consolidated with global suppliers like Caterpillar, Komatsu, Hitachi and Liebherr dominating the surface mining equipment market, while Sandvik, Atlas Copco and Caterpillar dominate the UG mining market

Intensity of Rivalry

  • The rivalry among HME is high as it is a consolidated market with major suppliers dominating the global market

Threat of Substitutes

  • HME cannot be replaced by other equipment due to the specific nature of operations, which demand usage of sophisticated equipment
  • The sheer volume of material to be moved limits the ability of substitutes to be effective replacements for HME

Buyer Power

  • While buyers (mining companies) have only a few major suppliers to choose from, any potential loss of customers could have a major impact on the suppliers' top line
  • The future of mining equipment lies in automation and technological developments centered around reducing man-power and improving productivity. Only a few suppliers have this advanced capability

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