Mining Equipment Market Size with Primary Vendors (Caterpillar Inc., Komatsu Ltd., Liebherr Group) with Growing Forecast till 2023

Jan 8, 2019

Mining Equipment Market Report Covers drivers, restraints, opportunities, challenges, and market trends, This Report Highlights the Growth Strategies adopted by the major market players to garner large shares in the Mining Equipment market.

Pune, India - January 8, 2019 /MarketersMedia/ —

Mining is the Extraction of Valuable Minerals or other geological materials from the earth, usually from an orebody, lode, vein, seam, reef or placer deposit. These deposits form a mineralized package that is of economic interest to the miner.

There Are Four Main Mining Methods: Underground, Open Surface (Pit), Placer, And In-Situ Mining. Underground mines are more expensive and are often used to reach deeper deposits.

The Mining Industry Has Witnessed a Severe downfall since its peak in 2011 and has plunged about 73%, accounting for nearly USD 1.4 trillion shareholding value until late 2016. However, the industry is currently experiencing a positive phase, with commodity prices rising and augmenting the demand for raw materials. Majorly, mining of high priced metals like gold, copper, and other ores are expected to drive the market.

The Ever-Increasing Demand For These Materials has caused the mining equipment manufacturers to come up with better and more advanced equipment. The mining equipment manufacturers can look at opportunities, like the automation of machinery to attract customers for capturing the largest share of the market. The market is driven by the growing resource exploration and augmenting demand for raw materials.

Mining, As An Industry, Deploys Substantial Capital Investment and Among The Total, over 1/3rd is for mining equipment. Any country which hosts mining operations is bound to have monetary, labor employment, and local industry benefits. Among the beneficiaries, equipment and service suppliers are the largest ones, accounting for about 69% of the benefits from any particular mining activity in the country. The value indicates a prolific market for mining equipment in the global scenario.

Request a Sample of this report from:

https://bit.ly/2Av6pMz

A transition has been observed from underground to the more economical, open-pit mining, which is expected to drive the demand for mining equipment during the forecast period. Furthermore, the development of high-performance equipment, with increased automation, has made extraction of ores with declining grades comparatively cheaper. For example, Ericson, along with ABB and Volvo, use 5G technology, with which they run loaders and excavators through the Kankberg mine in Boliden, Sweden. These equipment are fully automated and also pave the way for further adoption of automated machinery in mines, globally.

Owing to the new projects of thermal power energy, the demand for coal mining in China has increased drastically. However, as many small players are present in China, the inability of these players to purchase new equipment (owing to the lack of required capital) forces them to rent equipment for various projects and return it to the suppliers. This indicates a rise in the demand for rental markets for mining equipment. The trend is expected to extend to the African and Latin American countries, Indonesia, etc. Some rental companies are also joining hands to increase their product portfolio. For instance, Emeco has merged with Orionstone and Andy’s Earthmovers and has increased the fleet size to approximately 730 machines. The dependent markets (related to mining equipment), like OTR tire market, paints & coatings market, are also poised to record a stipulated growth.

A separate section with Mining Equipment industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Development and Research plays a vital role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Mining Equipment market growth over the forecast period.

Browse Full Report at: -

https://bit.ly/2FcMvJE

Key Developments in the Market:

February 2018: RDH Mining Equipment, a Sudbury-area manufacturer of underground mining equipment, was sold to Germany company SMT Scharf AG for $8 million
April 2017: Komatsu completed the acquisition of Joy Global, a surface and underground mining equipment manufacturer for USD 3.7 billion. From now on, Joy Global will be referred to as Komatsu mining group

Major Players: CATERPILLAR INC., KOMATSU LTD., LIEBHERR GROUP, SANDVIK MININ, HITACHI LTD., ATLAS COPCO, METSO CORP., amongst others.

Reasons to Purchase this Report 

To know whether the decline in coal mining, owing to weak metallurgical and thermal coal prices, along with cheaper natural gas and existing stockpiles of coal may hinder the market’s growth
To know about the effects of the acquisition of Joy Global, on the mining equipment market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Study on the region expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure you get a report that suits your needs

Mining Equipment Market Forecast 2018-2023

The Mining Equipment industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Mining Equipment production, supply, sales and market status.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

Price of Report (single User Licence): $4250

Purchase the Mining Equipment Market Report at: 

https://bit.ly/2Twe3NS

 

Contact Info:
Name: Mr. Ajay More
Organization: Market Reports World
Address: Baner, Pune
Phone: +1408 520 9750
Website: https://www.marketreportsworld.com

Video URL: https://www.marketreportsworld.com/global-mining-equipment-market-growth-trends-and-forecast-2018-2023--12345187

Source URL: https://marketersmedia.com/mining-equipment-market-size-with-primary-vendors-caterpillar-inc-komatsu-ltd-liebherr-group-with-growing-forecast-till-2023/467164

Source: MarketersMedia

Release ID: 467164

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

More News

Fury as family grocer replaced by Woolies
Feb 5, 2026
Fury as family grocer replaced by Woolies

A popular family-owned supermarket is being kicked out of a shopping centre and replaced by Woolworths, with the supermarket’s boss declaring “loyalty is dead”.

‘Here we go again’: The inflation fight isn’t over
Feb 5, 2026
‘Here we go again’: The inflation fight isn’t over

The inflation genie has escaped again, prompting experts to warn households face thousands more in costs and interest rate hikes.

‘Always by other women’: Aussie CEO reveals gross comments she gets
Feb 5, 2026
‘Always by other women’: Aussie CEO reveals gross comments she gets

A CEO has revealed the grim comments she receives that have absolutely nothing to do with the way she runs her business.

Outrage at hate speech double standard after Invasion Day protester calls for ‘white genocide’
Feb 5, 2026
Outrage at hate speech double standard after Invasion Day protester calls for ‘white genocide’

An elderly woman who was verbally abused by an Invasion Day protester says the incident exposed a glaring double standard.

‘She is a copy’: Something odd is happening with the Beckham boys
Feb 5, 2026
‘She is a copy’: Something odd is happening with the Beckham boys

Something odd is happening with the Beckham boys – and I’m not talking about Brooklyn refusing to speak to them.

CommBank hit by major app outage
Feb 5, 2026
CommBank hit by major app outage

Reports have emerged that Australia’s largest bank has an outage on its banking app, while another bank apologised for payment issues.

Brutal $2k blow to household budgets
Feb 5, 2026
Brutal $2k blow to household budgets

Cash-strapped mortgage holders are being warned they may need to find $2192 more a year, as inflation becomes “uncomfortably high”.

Aussie dollar skyrockets in global madness
Feb 5, 2026
Aussie dollar skyrockets in global madness

The Australian dollar has rocketed to its highest level since February 2023 amid chaotic global financial movement.

What Australians are ditching in 2026 after overspending regret
Feb 5, 2026
What Australians are ditching in 2026 after overspending regret

One in 3 Australians feel guilty about their 2025 spending as new research reveals the nation’s top financial priority has shifted in an “unexpected” direction.

‘Are we in India?’: NSW Premier Chris Minns celebrates ‘Happy India Republic Day’ on January 26
Feb 5, 2026
‘Are we in India?’: NSW Premier Chris Minns celebrates ‘Happy India Republic Day’ on January 26

NSW Premier Chris Minns has been roasted for celebrating “India Republic Day” before Australia Day on January 26.

Malaysia's services producer price index up 1% in 4Q - DOSM
Feb 5, 2026
Malaysia's services producer price index up 1% in 4Q - DOSM

KUALA LUMPUR: Malaysia's Services Producer Price Index (SPPI) rose one per cent in the fourth quarter (4Q) of 2025, maintaining the same rate of increase for the third consecutive quarter, said Statistics Department Malaysia (DOSM) today. Read full story

Oil falls 2% on easing supply concern after US, Iran agree to talks
Feb 5, 2026
Oil falls 2% on easing supply concern after US, Iran agree to talks

TOKYO/SINGAPORE: Oil prices fell about 2% on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, easing concerns that a potential military conflict between them could disrupt supply from the key Middle East-producing region. Read full story

Bursa Malaysia broadly lower at midday amid global tech rout
Feb 5, 2026
Bursa Malaysia broadly lower at midday amid global tech rout

KUALA LUMPUR: Bursa Malaysia remained in profit-taking mode as an AI-driven sell-off in Asian markets sent traders fleeing to safety. Read full story

TSMC CEO flags 3-nanometre chip production in Japan, investment reported at US$17bil
Feb 5, 2026
TSMC CEO flags 3-nanometre chip production in Japan, investment reported at US$17bil

TOKYO/TAIPEI: TSMC plans to mass produce advanced 3-nanometre chips in Kumamoto in southern Japan, TSMC CEO C.C. Wei said on Thursday, an investment local media reported was worth $17 billion as the Taiwanese firm seeks to meet soaring demand for AI chips. Read full story

Indonesia Q4 GDP growth beats forecast, highest since 2022
Feb 5, 2026
Indonesia Q4 GDP growth beats forecast, highest since 2022

JAKARTA: Indonesia's economy grew 5.39% on an annual basis in the October-December quarter of 2025, official data showed on Thursday, above a forecast by analysts and the highest rate since the third quarter of 2022. Read full story

FM Cho attends US-led multilateral ministerial meeting on critical minerals
Feb 5, 2026
FM Cho attends US-led multilateral ministerial meeting on critical minerals

Foreign Minister Cho Hyun has attended a U.S.-led multilateral meeting on critical minerals in Washington to discuss cooperation with partner countries to ensure stable and diversified supply channels, his ministry said Thursday. South Korea was among the 56 countries that took part in the U.S.-inaugurated Critical Minerals Ministerial meeting held Wednesday (U.S. time), including the Group of Seven nations and countries involved in mining, refining and manufacturing, according to the foreign ministry. U.S. participants included U.S. Vice President JD Vance, Secretary of State Marco Rubio, U.S. Trade Representative Jamieson Greer, Treasury Secretary Scott Bessent, and Energy Secretary Chris Wright, who highlighted Washington's efforts to diversify supply channels for critical minerals. Participating countries shared the need for cooperation among trusted partners as well as accelerating multilateral collaboration at a time of shifting supply channels and expanding geopolitical uncertainties, the foreign ministry said. With the launch of the ministerial meeting, the Minerals Security Part

S. Korea to chair FORGE critical minerals initiative through June: US State Dept.
Feb 5, 2026
S. Korea to chair FORGE critical minerals initiative through June: US State Dept.

WASHINGTON — South Korea will lead a new multinational initiative, launched under a U.S. push to beef up cooperation with allies on critical minerals supply chains, through June, the State Department said Wednesday, as Washington steps up efforts to counter China's formidable clout over key resources. The department made the announcement on Seoul's role for FORGE, or Forum on Resource Geostrategic Engagement, after the inaugural Critical Minerals Ministerial, a meeting aimed at reinforcing and diversifying supply chains for critical minerals key to the manufacturing of high-tech military and consumer products. "FORGE, which will be chaired by the Republic of Korea through June, will lead with bold and decisive action to address ongoing challenges in the global critical minerals marketplace," the department said in a fact sheet. "Understanding the benefits of working together and building on the MSP, FORGE partners will collaborate at the policy and project levels to advance initiatives that strengthen diversified, resilient, and secure critical minerals supply chains," it added. MSP is

Defense ministry proposes joint, partial management of DMZ to US: source
Feb 5, 2026
Defense ministry proposes joint, partial management of DMZ to US: source

The defense ministry has proposed to the United States that South Korea's military jointly manage parts of the southern half of the heavily fortified Demilitarized Zone (DMZ) separating the two Koreas, a source said Thursday. The proposal came as the South Korean government aims to secure control of civilian access to the 250-kilometer-long, 4-km-wide stretch of the DMZ. Currently, the U.S.-led U.N. Command (UNC) administers the military buffer zone as the south-side enforcer of the armistice that ended the 1950-53 Korean War. Amid the UNC's outright objection to Seoul's move, the defense ministry proposed a measure under which South Korea's military oversees entry to parts of areas located south of the barbed-wire fence within the DMZ. The South's fence technically runs alongside the southern boundary of the DMZ, or the Southern Limit Line (SLL), located 2 km south of the Military Demarcation Line, the inter-Korean border. But parts of the fence were installed north of the SLL to overcome geographic limitations for surveillance operations. The size of the area is known to account for ro

N. Korea holds winter sports competition at home after failing to qualify for 2026 Olympics
Feb 5, 2026
N. Korea holds winter sports competition at home after failing to qualify for 2026 Olympics

North Korea has launched a winter sports competition at home, state media reported Thursday, after the country failed to qualify for this year's Winter Olympics. The opening ceremony for the ice hockey, figure skating, skiing and two other winter sports competitions took place the previous day at an ice hockey rink in a sports village in the Mount Paektu district of Ryanggang Province, the Korean Central News Agency (KCNA) said. About 50 competitions across the five sports categories will be held, the KCNA said, quoting a speaker from the ceremony as calling the event an "important opportunity to advance winter sports skills" to a higher level. The sports village in the Mount Paektu district, situated on a hill at an altitude of about 1,600 meters, reportedly houses winter sports facilities, including ice rinks, ski slopes and accommodations. The local sports event comes as North Korea failed to qualify for any events at the 2026 Winter Olympics in Italy, set to run from Friday through Feb. 22. The North last competed in the 2018 PyeongChang Winter Olympics in South Korea, dispatching a t

FM, US energy secretary reaffirm need for progress on uranium enrichment, reprocessing, nuclear subs
Feb 5, 2026
FM, US energy secretary reaffirm need for progress on uranium enrichment, reprocessing, nuclear subs

Korea's Foreign Minister Cho Hyun and U.S. Energy Secretary Chris Wright reaffirmed the need to swiftly make progress in Seoul's efforts to secure civil uranium enrichment and spent nuclear fuel reprocessing rights and acquire nuclear-powered submarines, the foreign ministry said Wednesday. Cho had a meeting with Wright in Washington to discuss a range of issues, including the implementation of a joint fact sheet (JFS) that the two governments released in November to outline trade and security agreements from two summits between President Lee Jae Myung and U.S. President Donald Trump in August and October. The JFS includes the United States' approval for Korea to build nuclear-powered attack submarines and its support for a "process that will lead to Korea's civil uranium enrichment and spent fuel reprocessing for peaceful uses." "The two sides reaffirmed a shared understanding of the need to swiftly make concrete progress vis-a-vis the enrichment and reprocessing segment and cooperation over nuclear-powered submarines, which are part of the JFS," the ministry said in a press release. "F

Food, beauty, luxury power new era in Korea-France relations
Feb 5, 2026
Food, beauty, luxury power new era in Korea-France relations

This year marks the 140th anniversary of official diplomatic relations between Korea and France. Today’s vibrant exchanges are the result of decades of mutual learning and steady cooperation. When the first generation of Korean diaspora arrived in France in 1919, the environment was very different. Even decades later, when I arrived in 1992, few people knew much about Korea. Instead, China and Japan dominated public attention. Japan, in particular, enjoyed widespread popularity in France, driven in part by the country’s enthusiasm for anime and then-President Jacques Chirac’s interest in sumo wrestling. Still, sustained dialogue and exchanges gradually laid the groundwork for deeper cultural understanding between France and Korea. The global success of Korean cultural content such as “Gangnam Style,” “Parasite,” “Squid Game” and “KPop Demon Hunters” accelerated the spread of the Korean cultural wave, known as hallyu. In France, hallyu has evolved beyond a passing trend, becoming embedded in everyday culture. French consumers are now familiar with bibimbap and gochuja

Ex senior cop charged with blackmail, bribery
Feb 5, 2026
Ex senior cop charged with blackmail, bribery

A former Victoria Police senior officer has been accused of taking bribes following a probe by the state’s anti-corruption watchdog.

‘Difficulties’: Threat to Aus-EU mega deal
Feb 5, 2026
‘Difficulties’: Threat to Aus-EU mega deal

The top diplomat of Europe’s biggest economy has flagged “difficulties” as Canberra strives to lock in a major deal worth billions.

Aus rocked by second alleged terror attack
Feb 5, 2026
Aus rocked by second alleged terror attack

A man has been charged with terrorism after the alleged attempted bombing of an Invasion Day rally, the second alleged terror attack in just a few months.

Worker killed at remote gold mine
Feb 5, 2026
Worker killed at remote gold mine

The worker was killed on Wednesday afternoon at the remote gold mine in Central Australia.

Aussie accused of grooming hundreds of kids
Feb 5, 2026
Aussie accused of grooming hundreds of kids

A 27-year-old has been hit with hundreds of charges after allegedly grooming more than 450 children online over a seven-year span.

Shock question over Israeli President visit
Feb 5, 2026
Shock question over Israeli President visit

Penny Wong has been slapped with a tricky question as Labor ranks vow to protest the Israeli President’s visit to Australia.

‘Leader’: Wild twist in Pauline coalition claim
Feb 5, 2026
‘Leader’: Wild twist in Pauline coalition claim

One Nation’s newest recruit has made a bold call about Pauline Hanson’s leadership prospects.

Aussie banned from contacting Donald Trump
Feb 5, 2026
Aussie banned from contacting Donald Trump

A teenager charged over an alleged death threat towards Israel’s President has also been banned from contacting another world leader.

Aussie flag bearer’s parents to miss his big moment in Winter Olympics opening ceremony
Feb 5, 2026
Aussie flag bearer’s parents to miss his big moment in Winter Olympics opening ceremony

Australia’s flag bearers for the Winter Olympics opening ceremony on Saturday have been revealed, but it will be a bittersweet moment for one.

Hanson flags new mega-coalition, huge move
Feb 5, 2026
Hanson flags new mega-coalition, huge move

Pauline Hanson has accepted she’s got no chance of leading the nation on her own, revealing a wild option she’s considering instead.

Hero husband’s words after Bondi massacre
Feb 5, 2026
Hero husband’s words after Bondi massacre

A hero husband who was threatened by killer Joel Cauchi and lost his wife in the Bondi Junction massacre has delivered a touching message as the inquest findings are handed down.

Arrest after alleged sick Bondi act
Feb 5, 2026
Arrest after alleged sick Bondi act

Police in Sydney have arrested a man after it’s alleged he mimicked firing on people from the Bondi terror attack footbridge.

‘Monster’: Fresh details emerge about slain brothers
Feb 5, 2026
‘Monster’: Fresh details emerge about slain brothers

Fresh details have emerged about the Clune boys, whose parents were battling against extreme sleep deprivation, a source has said.

Bunnings’ wild solution to housing crisis
Feb 5, 2026
Bunnings’ wild solution to housing crisis

Hardware giant Bunnings has launched a new range as demand soars for affordable options in Australia’s dire housing shortage.

Teen charged after alleged toilet rape
Feb 5, 2026
Teen charged after alleged toilet rape

A 16-year-old boy has been charged after allegedly luring and sexually assaulting a younger teenager at a public toilet.

‘Foolish’: Gates breaks silence on Epstein
Feb 5, 2026
‘Foolish’: Gates breaks silence on Epstein

Billionaire Bill Gates says he regrets ever having dealings with Jeffrey Epstein, as he seeks to distance himself from the convicted sex offender.

New theory about missing backpacker
Feb 5, 2026
New theory about missing backpacker

Volunteers searching for a missing Belgian backpacker have revealed new theories days after human remains were found near where she vanished.

‘Favour’: Billionaire Gates on social media ban
Feb 5, 2026
‘Favour’: Billionaire Gates on social media ban

Tech billionaire Bill Gates has weighed in on Australia’s teenage social media ban, as Spain became the latest country to follow in the Albanese government’s footsteps.

EU chief’s abrupt visit to Aus for $7bn dea
Feb 5, 2026
EU chief’s abrupt visit to Aus for $7bn dea

The EU’s chief will visit this month amid pressure on Canberra and Brussels to close a deal that could make Australia billions.


The Upstocker

Tracks up-to-the-minute news and provides insights on financial reports, commentary, and investment data so that you can make better investment decisions.

NEWSLETTER

Copyright © 2015 - 2026 The Upstocker. All Rights Reserved.