Asia-Pacific Mining Equipment Market Outlook, 2027

Asia-Pacific Mining Equipment Market will grow at a CAGR of 4.97% for 2022–2027. Surface mining & underground mining equipment will acquire more than 60% of the share.

Featured Companies

  • 1. Caterpillar Private Limited
  • 2. Doosan Infracore
  • 3. Epiroc
  • 4. J C Bamford Excavators Ltd
  • 5. Liebherr
  • 6. Sandvik Mining And Rock Technology
  • More...

The global mining industry is on the cusp of a turnaround, with the Asia-Pacific region leading the way in terms of the number of projects and capital expenditure value for the next few years. According to GlobalData, there are currently 483 projects in the construction and mining sectors. Among them, the Asia-Pacific region is expected to account for the largest share (38%) of the total project count. In terms of investment value, the region is estimated to acquire almost a quarter of the market share. The Asia-Pacific commodities with the greatest spending planned or in progress are coal, gold, copper, and iron ore, which collectively have 240 projects under construction. In addition to that, Asia-Pacific is the largest coal mining market with more than 75% production. China, Australia, and India are among the global leaders in coal production. Hence, this requires high mining activities across the region with efficient mining equipment. With high investments by the governments in metal expeditions, developing countries across the region are expected to be the hub for many rare minerals. Australia is expected to be a leader in global mining innovation as 60% of the mining software is being produced in this country.

According to the research report, "Asia-Pacific Mining Equipment Market Outlook, 2027," published by Bonafide Research, the mining equipment market is projected to grow at a CAGR of 4.97% for 2022–2027. The major drivers for the demand for mining equipment are the higher concentration of surface mineral reserves and the higher demand for these minerals all around the world. In addition to that, deep mining activities are also gaining momentum in the Asia-Pacific region. The market size in the region is attributed to the huge presence of metal, mineral, and coal mines, rising government initiatives and policies towards exploration of new mines and modernization of existing mines. The Asia-pacific mining equipment market is segmented into five prominent countries, including China, Japan, India, Australia, and South Korea. Among these countries, China has been leading the Asia-Pacific market throughout the entire time period. China is the leading producer of coal, steel, aluminum, rare earth metals, lead, zinc, tin, magnesium, tungsten, and other metallic minerals. Mining output in China was calculated to increase by 2.42% on average from 2013 to 2022, reaching an all-time high of 17.50% in January 2021. Also, until the end of 2019, a total of 173 types of minerals, including 13 (energy materials), 59 (metals), 95 (non-metallic minerals) and six types of water and gases, have been discovered in China. In addition to that, the Mineral Resource Law is the national law governing the prospection and extraction of valuable components from mines in China.

Mining Equipments

In the Asia-Pacific region, government initiatives greatly help in the development of the mining equipment market. For instance, in 2020, the Indian government proposed structural reforms in the mining sector, including legal regulations. These changes aim to increase the participation of the private sector in mineral exploration, the removal of captive and non-captive mines, and the development of a national mineral index. On the other hand, the Australian government invested over USD 4 million in eight projects related to mining equipment and the service sector in 2019. Based on the mining categories, the Asia-Pacific mining equipment market is segmented into four types: crushing, pulverizing, and screening equipment; mineral processing equipment; surface mining equipment; and underground mining equipment. Among these categories, surface mining and underground mining equipment are anticipated to acquire more than 60% of the market share during the forecast period.

According to the report, the Asia-Pacific market is segmented into three major applications, including mineral mining equipment, metal mining equipment, and coal mining equipment. The metal mining equipment market is projected to lead the Asia-Pacific market by holding the highest market share by 2027. More than 40% of the market share is expected to be occupied by the metal mining equipment market. Developing countries across the region have the largest amount of production in this segment, which is expected to propel the market growth. Based on power output, the less than 500 HP and 500–2000 HP segments are leading the market in 2021. However, the 500–2000 HP output segment is projected to rise at a higher growth rate compared to other segments.

Impact of Covid-19 on Asia-Pacific Mining Equipment Market:
The COVID-19 pandemic has severely affected various businesses and the mining equipment market across the Asia-Pacific region. The mining equipment market also experienced a negative impact owing to the cancellation and halt of mining projects. Supply chain disruptions caused by unavailability of raw materials due to a lack of transportation resulted in lower market growth during the outbreak. However, various government and company initiatives to protect employment and secure their health have helped the industry come back on track. For instance, BHP (an Australian mining company) has introduced a USD 50 million fund to support local and regional health workers and other services.

Major Companies present in the market:
Sandvik AB, Caterpillar Inc., Komastu Limited, Volvo Group, Liebherr Group, Hitachi Construction Machinery Co., Limited, EpirocAb, Sany Heavy Equipment International Holdings Company Limited, Doosan Infracore Co. Limited, Guangxi Liugong Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Xuzhou Construction Machinery Group (XCMG), Bharat Earth Movers Limited, J C Bamford Excavators Limited, Wirtgen Group, Mine Master Ltd, FIORI GROUP S.p.A., JSC, WackerNeuson Group, Equipment North Inc., RTM Equipment, Astec Industries, Inc., BELL Equipment, AARD Mining Equipment

Considered in this report
• Geography: Asia-Pacific
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Asia-Pacific Mining Equipment market with its value and forecast along with its segments
• Country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• China
• Japan
• South Korea
• India
• Australia

By Category of Mining Equipment in the report:
• Crushing, pulverizing, screening machinery
• Mineral processing machinery
• Surface mining machinery
• Underground mining machinery

By Application in the report:
• Mineral Mining
• Metal Mining
• Coal Mining

By Propulsion in the report:
• Diesel
• CNG/LNG/RNG

By Power Output in the report:
• Below 500 HP
• 500 to 2,000 HP
• Above 2,000 HP

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufactures, consultants, Key vendors related to mining equipment industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

 

 

 

 

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Companies Mentioned

  • Caterpillar Private Limited
  • Doosan Infracore
  • Epiroc
  • J C Bamford Excavators Ltd
  • Liebherr
  • Sandvik Mining And Rock Technology
  • Sany
  • Volvo Construction Equipments
  • Komastu Limited
  • Guangxi Liugong Machinery Co., Ltd.    
  • Kobelco Construction Machinery Co., Ltd.
  • Sumitomo Heavy Industries          
  • Xuzhou Construction Machinery Group (XCMG)         
  • Bharat Earth Movers Limited
  • Wirtgen Group
  • Mine Master Ltd       
  • FIORI GROUP S.p.A.         
  • JSC   
  • Wacker Neuson Group
  • Astec Industries, Inc.
  • BELL Equipment    

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Mining Equipment Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Application
  • 5.2.5. By Category
  • 5.2.6. By Power Output
  • 5.2.7. By Propulsion
  • 6. Asia-Pacific Mining Equipment Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Application
  • 6.2.3. By Category
  • 6.2.4. By Power Output
  • 6.3. China Mining Equipment Market Outlook
  • 6.3.1. Market Size by Value
  • 6.3.2. Market Share
  • 6.3.2.1. By Category
  • 6.3.2.2. By Application
  • 6.4. Japan Mining Equipment Market Outlook
  • 6.4.1. Market Size by Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Category
  • 6.4.2.2. By Application
  • 6.5. India Mining Equipment Market Outlook
  • 6.5.1. Market Size by Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Category
  • 6.5.2.2. By Application
  • 6.6. Australia Mining Equipment Market Outlook
  • 6.6.1. Market Size by Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Category
  • 6.6.2.2. By Application
  • 6.7. South Korea Mining Equipment Market Outlook
  • 6.7.1. Market Size by Value
  • 6.7.2. Market Share
  • 6.7.2.1. By Category
  • 6.7.2.2. By Application
  • 7. Market Dynamics
  • 7.1. Market Drivers
  • 7.2. Market Drivers
  • 8. Market Trends and Developments
  • 8.1. XXXXXX
  • 8.2. XXXXXX
  • 8.3. XXXXXX
  • 8.4. XXXXXX
  • 8.5. XXXXXX
  • 9. Company Profiles
  • 9.1. Sandvik AB
  • 9.2. Caterpillar Inc.
  • 9.3. Komastu Limited
  • 9.4. Volvo Group
  • 9.5. Liebherr Group
  • 9.6. Hitachi Construction Machinery Co., Limited
  • 9.7. Epiroc AB
  • 9.8. Sany Heavy Equipment International Holdings Company Limited
  • 9.9. Doosan Infracore Co. Limited
  • 9.10. Guangxi Liugong Machinery Co., Ltd.
  • 9.11. Kobelco Construction Machinery Co., Ltd.
  • 9.12. Sumitomo Heavy Industries
  • 9.13. Xuzhou Construction Machinery Group (XCMG)
  • 9.14. Bharat Earth Movers Limited
  • 9.15. J C Bamford Excavators Limited
  • 9.16. Wirtgen Group
  • 9.17. Mine Master Ltd
  • 9.18. FIORI GROUP S.p.A.
  • 9.19. JSC
  • 9.20. Wacker Neuson Group
  • 9.21. RTM Equipment
  • 9.22. Astec Industries, Inc.
  • 9.23. BELL Equipment
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Top 10 Countries Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Mining Equipment Market Share By Region (2016, 2021&2027F)
Table 5: Global Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 6: Global Mining Equipment Market Share By Company (2020)
Table 7: Asia-Pacific Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 8: Key Facts of Sandvik AB
Table 9: Key Facts of Caterpillar Inc.
Table 10: Key Facts of Komastu Limited
Table 11: Key Facts of Volvo Group
Table 12: Key Facts of Liebherr Group
Table 13: Key Facts of Hitachi Construction Machinery Co., Limited
Table 14: Key Facts of Epiroc AB
Table 15: Key Facts of Sany Heavy Equipment International Holdings Company Limited
Table 16: Key Facts of Doosan Infracore Co. Limited
Table 17: Key Facts of Guangxi Lingong Machinery Co., Ltd
Table 18: Key Facts of Kobelco Construction Machinery Co., Ltd.
Table 19: Key Facts of Sumitomo Heavy Industries
Table 20: Key Facts of Xuzhou Construction Machinery Group (XCMG)
Table 21: Key Facts of Bharat Earth Movers Limited
Table 22: Key Facts of J C Bamford Excavators Limited
Table 23: Key Facts ofWirtgen Group
Table 24: Key Facts of Mine Master Ltd
Table 25: Key Facts of FIORI GROUP S.p.A.
Table 26: Key Facts of JSC
Table 27: Key Facts ofWackerNeuson Group
Table 28: Key Facts of RTM Equipment
Table 29: Key Facts of Astec Industries, Inc.
Table 30: Key Facts of BELL Equipment

List of Figures
Figure 1: Global Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 2: Global Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 3: Global Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 4: Global Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 5: Global Mining Equipment Market Share By Propulsion (2016, 2021&2027F)
Figure 6: Asia-Pacific Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 7: Asia-Pacific Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 8: Asia-PacificMining Equipment Market Share By Application (2016, 2021&2027F)
Figure 9: Asia-Pacific Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 10: China Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 11: China Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 12: China Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 13: Japan Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 14: Japan Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 15: Japan Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 16: India Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 17: India Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 18: India Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 19: Australia Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 20: Australia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 21: Australia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 22: South Korea Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 23: South Korea Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 24: South Korea Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 25: Market Attractiveness Index, 2021
Figure 26: Market Attractiveness Index, 2027F

Feed Phosphate Market Research FAQs

500-2000 HP power output type is leading the Asia-Pacific mining equipment market by 2027.

There are four types of mining equipments including Crushing, pulverizing, screening machinery, Mineral processing machinery, Surface mining machinery and Underground mining machinery.

China is leading the Asia-Pacific mining equipment market by 2027.


Asia-Pacific mining equipment market is anticipated to grow with CAGR of 4.97%.

By diverting surface water and pumping groundwater, mining operations can reduce both the quantity and quality of water available downstream for aquatic ecosystems and other industrial and municipal water users, especially in areas with arid climates.
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Asia-Pacific Mining Equipment Market Outlook, 2027

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