Abstract
Environmental Regulations Constrain Opening of New Mines
Ecological concerns associated with mining such as pollutants from drilling and blasting as well as leakage of fuel, oil, and other lubricants into ground water are hindering the opening up of new mines or increasing the capacity of the existing ones. Strict environmental regulations are also restricting the issue of new mining licenses, extension of mining leases, and the mining of new areas, thereby creating a highly challenging atmosphere for manufacturers of mining machinery. At the same time, pressure to mine from the same properties is increasing mine sizes and driving demand for greater capacity and larger machinery to maintain the profitability and productivity of the mines.
This Frost & Sullivan research service analyzes the North American mining machinery (both surface and underground) and mineral processing machinery (crushing, screening, and pulverizing) markets. It discusses the various market trends and opportunities while providing an in-depth analysis of market share, forecasts, drivers, restraints, and revenues. The comprehensive focus of the study enables companies to align their positioning strategies to benefit from the changing markets and obtain maximum return on investment.
Top Class Technologies Increases Demand for Mining Machinery
The need for improved efficiencies, better productivity, and improvisation in mining methods is encouraging mining companies to upgrade their infrastructure and purchase sophisticated machinery. "Apart from the structural design changes in the machines, lots of improvements are taking place in the diagnostic and performance monitoring devices for reducing the downtime," observes the analyst of this research service.
Improved motor design, process sensor controls, online analysis, advanced communication technologies, and instrumentation robotics have played a vital role in improving the energy and production efficiencies of the mining industry. There have also been significant changes in the machine design processes. Software applications are available for automating and integrating the entire manufacturing and assembling processes. Design and simulation software are also available for simplifying the design, development, and prototype testing.
Rise in Demand for Base Metals and Coal Boosts Mining Activity and Machinery Sales
Rising prices of coal and other minerals are driving growth in the mining industry and is boosting investments in machinery by mining companies. Most of the mining companies in North America produce coal and base metals such as gold, silver, copper, aluminum, and iron. The United States and Canada rank among the top five producers of coal and seventeen other base metals and therefore generate huge revenues for the mining industry.
"Currently, most of the demand for North American metal ores is coming from the booming manufacturing sectors in Asian countries such as China and India," says the analyst. "Consequently, the mining companies are looking to modernize and upgrade their mines by increasing investment in mining machinery and mineral processing equipment."
Table of Contents
- 1. Executive Summary
- 1. Overview and Definitions
- 1. Overview
- 2. Definitions
- 2. Summary of Major Findings
- 1. Market Opportunities
- 2. Market Segment Analysis
- 3. Competitive Analysis
- 4. Conclusions
- 1. Overview and Definitions
- 2. Total Mining and Mineral Processing Machinery Markets
- 1. Overview and Definitions
- 1. Overview and Definitions
- 2. Market Engineering Measurements
- 2. Market Dynamics
- 1. Industry Challenges
- 2. Market Drivers
- a. Rise in Demand for Base Metals and Coal Boosts Mining Activity and Machinery Sales
- b. Commitment to Long-Term Investments in Machinery Increases Demand
- c. Developing Top Class Technologies Incites the Buyers
- d. Increasing Machine Size Leads to Reduction in the Cost per Ton
- e. Increasing Size of the Mines Increases the Demand for Higher Capacity Machines
- f. Demand for Raw Material from China Boosts the Sales of Machinery
- g. Power Demand Drives the Sales of Machinery in Coal mines
- 3. Market Restraints
- a. The Sales of Machinery Depend a Lot on the Prices of Coal and Base Metals
- b. Consolidation in the Mining Industry Curtails Buying of New Mining Machinery
- c. Volatility in Commodity Demand Discourages Investments in New Machinery
- d. Increase in Interest Rates Deters Customers from Buying Through Financiers
- e. Fluctuation in Fuel Prices Results in Procrastinating Over Buying Decisions
- f. Slow Developments in Size of One Kind of Machinery Restricts the Sale of Others
- g. Long Life of the Machinery Minimizes the Replacement Buys
- 3. Market Forecasts and Trends
- 1. Revenue Forecasts
- 2. Distribution Trends
- 3. Demand Analysis
- 4. Market and Technology Trends
- 4. Frost & Sullivan Awards
- 1. Technology Innovation Award
- 2. Business Development Strategy Leadership Award
- 3. Growth Strategy Leadership Award
- 1. Overview and Definitions
- 3. Surface Mining Machinery Markets
- 1. Overview and Definitions
- 1. Overview
- 2. Product Definitions
- 3. Market Engineering Measurements
- 2. Market Dynamics
- 1. Market Drivers
- 2. Market Restraints
- 3. Market Forecasts and Trends
- 1. Revenue Forecasts
- 2. Distribution Trends
- 3. Demand Analysis
- 4. Market and Technology Trends
- 5. Equipment Rental and Leasing Market
- 4. Drilling Equipments Markets
- 1. Overview
- 2. Definitions
- 3. Revenue Forecasts
- 4. Competitive Structure
- 5. Market Share Analysis
- 5. Excavation Equipments Markets
- 1. Overview
- 2. Definitions
- 3. Revenue Forecasts
- 4. Strategic Analysis and Forecasts of the Hydraulic Excavators Market
- 5. Competitive Structure of the Hydraulic Excavators Market
- 6. Market Share Analysis of the Hydraulic Excavators Market
- 7. Strategic Analysis and Forecasts of the Wheel Loaders Market
- 8. Competitive Structure of the Wheel Loaders Market
- 9. Market Share Analysis of the Wheel Loaders Market
- 10. Strategic Analysis and Forecasts of the Rope Shovel Market
- 11. Competitive Structure of the Rope Shovel Market
- 12. Market Share Analysis of the Rope Shovel Market
- 13. Strategic Analysis and Forecasts of the Dragline Market
- 14. Competitive Structure of the Dragline Market
- 15. Market Share Analysis of the Dragline Market
- 6. Haulage Equipments Markets
- 1. Overview
- 2. Definitions
- 3. Revenue Forecasts
- 4. Competitive Structure
- 5. Market Share Analysis
- 1. Overview and Definitions
- 4. Underground Mining Machineries Markets
- 1. Overview and Definitions
- 1. Overview
- 2. Market Engineering Measurements
- 2. Market Dynamics
- 1. Market Drivers
- 2. Market Restraints
- 3. Market Forecasts and Trends
- 1. Revenue Forecasts
- 2. Distribution Trends
- 3. Demand Analysis
- 4. Market and Technology Trends
- 5. Equipment Rental and Leasing Market
- 4. Drilling Equipments Markets
- 1. Overview and Definitions
- 2. Revenue Forecasts
- 3. Competitive Structure
- 4. Market Share Analysis
- 5. Excavation Equipments Markets
- 1. Overview and Definitions
- 2. Revenue Forecasts
- 3. Strategic Analysis and Forecasts of the Load Haul Dump Market
- 4. Competitive Structure of the Load Haul Dump Market
- 5. Market Share Analysis of the Load Haul Dump Market
- 6. Strategic Analysis and Forecasts of the Continuous Miners Market
- 7. Competitive Structure of Continuous Miners
- 8. Market Share Analysis of Continuous Miners
- 6. Haulage Equipments Markets
- 1. Overview and Definitions
- 2. Revenue Forecasts
- 3. Strategic Analysis and Forecasts of the Articulated Dump Truck Market
- 4. Competitive Structure of the Articulated Dump Truck Market
- 5. Market Share Analysis of the Articulated Dump Truck Market
- 6. Strategic Analysis and Forecasts of the Locomotive Market
- 7. Competitive Structure of the Locomotive Market
- 8. Market Share Analysis of the Locomotive Market
- 1. Overview and Definitions
- 5. Mineral Processing Equipment Markets
- 1. Overview and Definitions
- 1. Overview
- 2. Market Engineering Measurements
- 2. Market Dynamics
- 1. Market Drivers
- 2. Market Restraints
- 3. Market Forecasts and Trends
- 1. Revenue Forecasts
- 2. Distribution Trends
- 3. Demand Analysis
- 4. Market and Technology Trends
- 5. Equipment Rental and Leasing Market
- 4. Crushing Equipment Markets
- 1. Overview and Definitions
- 2. Revenue Forecasts
- 3. Competitive Structure
- 4. Market Share Analysis
- 5. Screening Equipment Markets
- 1. Overview and Definitions
- 2. Revenue Forecasts
- 3. Competitive Structure
- 4. Market Share Analysis
- 6. Pulverizing Equipment Markets
- 1. Overview and Definitions
- 2. Revenue Forecasts
- 3. Competitive Structure
- 4. Market Share Analysis
- 1. Overview and Definitions
- 6. Appendix
- 1. Decision Support Databases - North America
- 1. Coal Production (Million Metric Tons) - World (1999-2006)
- 2. Copper Production (000 Metric Tons) -World (1999-2006)
- 3. Iron Production (000 Metric Tons) -World (1999-2006)
- 4. Zinc Production (000 Metric Tons) -World (1999-2006)
- 5. Electricity Installed Capacity-Thermal Source (Million KW)-World (1996-2004)
- 6. Nominal Gross Domestic Product (Billion USD)- World (1999-2006)
- 1. Decision Support Databases - North America
