Hexa Research Inc.
Industry Research,Custom Research & Consulting
The mishandling of equipments such as loaders, crushers, drillers and earth movers may lead to serious
losses. Moreover, mining procedures can also lead to unwanted ecological issues including
contamination and soil erosion, formation of skin holes and loss of biodiversity. The mining equipments
market comprises tier 2 and tier 1 suppliers. These suppliers are accountable for creating components to
be given to original equipment manufacturers (OEMs).
Market Segmentation
Products
The key product segments in the worldwide market include surface machinery; drills & breakers;
mineral processing machinery; crushing, pulverizing and screening; and underground mining machinery.
In 2014, underground mining machinery accounted for the largest share. These machineries comprise
hydraulic shovels, cable shovels and long wall mining and continuous equipments.
They reduce the quantity of undesirable materials during the extraction of expensive materials and also
help in digging. Drills and breakers are used in settings wherein breaking through the ground is
necessary. The sector of crushing, pulverizing & screening is likely to reach more than USD 17 billion by
2022. It would rise at a CAGR of around 4.5% during the forecast period.
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In 2014, surface machinery contributed more than 30% of the global revenue. It is likely to dominate the
market in the years ahead.
Applications
The major application segments include coal, metals and minerals. Enhanced demand for mining
equipments across these sectors is predicted to increase the demand for the mining equipments
market. The biggest segment is metals. It is likely to dominate the market over the forecast period. This
is due to increasing resource explorations and rising demand for precious metals such as platinum, gold
and silver.
Metals require significant investments due to the involvement of massive operations and complications.
Coal is expected to be a rapidly growing segment too. Boosting economic activities and burgeoning
population have fuelled the demand for coal. The minerals sector is likely to go through stable