Title: World Mining Equipment
1Report On World Mining Equipment
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2 Summary
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.
3Asia/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
regions 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.
4Key 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.
5However, a shift away from coal as an electricity
source in developed countries will restrain
overall demand advances.Drills breakers will
be fastest growing productsThrough 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.
6Like 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
upcoming Freedonia industry study, World Mining
Equipment, is priced at 6300. It 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.
7Table of Contents
- INTRODUCTION
- EXECUTIVE SUMMARY
- MARKET ENVIRONMENT
- OVERVIEW
- NORTH AMERICA
- WESTERN EUROPE
- ASIA/PACIFIC
- OTHER REGIONS
- INDUSTRY STRUCTURE
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