Title: Global Mining Equipment Rental market 2016-2020
Mining equipment is used to extract natural resources such as metals, coal, and minerals, including iron
ore, titanium, bauxite, and copper; gravel and sand; platinum and gold; and salt and other non-metallic
products. Mining equipment includes trucks, dozers, loaders, borers, core drillers, stationary and
portable crushers, dryers, feeders, hydraulic pumps, conveyor belts, and compressors.
Rental mining equipment accounts for a significant share in the global mining equipment market. The
high cost of capital, overhead cost, and maintenance cost attached with the ownership of mining
equipment have led end-users to rent mining equipment. The nature of a project and its duration are
the key factors considered while purchasing or renting mining equipment. Generally, for a small-scale
project scheduled for a short span, companies prefer to rent mining equipment as opposed to
purchasing them.
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Publisher’s analysts forecast the global mining equipment rental market to grow at a CAGR of 3.36%
during the period 2016-2020.
Key vendors
- Atlas Copco AB
- Caterpillar Inc.
- Hertz Equipment Rental Corporation
- Komatsu Ltd.
- Sunbelt Rentals Inc.
Other prominent vendors
- AMECO
- EMECO
- Eqstra
- H&E Equipment Services
- Hewitt Rentals
Market driver
- Benefits of renting mining equipment for short duration projects and small mining companies
- For a full, detailed list, view our report
Market challenge
- Declining CAPEX in mining industry
- For a full, detailed list, view our report
Market trend
- Optimization of efficiency by renting energy-efficient mining equipment
- For a full, detailed list, view our report
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Fundamentals of Table of Content: