US Market for Mining Equipment
The US is home to an abundance of mineable natural resources, led by coal, and also encompassing copper, iron ore, bauxite, lead, molybdenum, uranium, precious metals (e.g., gold and silver) and a variety of minerals. Therefore, the demand for mining equipment in the Unites States mining equipment is expected to rise significantly in the coming years. With the increase in demand for commodities such as iron ore and copper, and the ongoing thirst for energy sources such as coal, the market for mining equipment has seen a lot of growth lately. Due to the wide spread mining going on for coal, surface mining machinery remained the largest product segment of the industry in 2011.
Moreover, boasting substantial capital investment resources, mining interests have, with extensive cyclical variation, been able to purchase, modernize and upgrade state-of-the-art mining equipment. Wholesalers of construction and mining equipment suffered during the subprime mortgage crisis, when overall construction activity plummeted. However, in the next five years, the industry will likely experience modest growth again. Construction levels will pick up, boosting demand for construction equipment and machinery. Meanwhile, high commodity prices and growing demand from emerging economies will encourage mining companies to ramp up their production, raising the need for more mining equipment.
Generally, the mining equipment industry has not been considered technology-intensive as compared to truly high-tech-type businesses such as aerospace, biotechnology and others, given the largely commodity-like nature of many if not most of the product offerings and the lack of product differentiation opportunities. Nevertheless, research and development efforts aimed at improving performance have become increasingly important in the industry. A new technology or device that greatly increases equipment productivity can give one company a competitive advantage over its rivals by making its product more appealing to potential buyers.
In this industry scenario, Taiyou Research analyzes the US Market for Mining Equipment in its cutting-edge research offering. The report covers the following:
Moreover, boasting substantial capital investment resources, mining interests have, with extensive cyclical variation, been able to purchase, modernize and upgrade state-of-the-art mining equipment. Wholesalers of construction and mining equipment suffered during the subprime mortgage crisis, when overall construction activity plummeted. However, in the next five years, the industry will likely experience modest growth again. Construction levels will pick up, boosting demand for construction equipment and machinery. Meanwhile, high commodity prices and growing demand from emerging economies will encourage mining companies to ramp up their production, raising the need for more mining equipment.
Generally, the mining equipment industry has not been considered technology-intensive as compared to truly high-tech-type businesses such as aerospace, biotechnology and others, given the largely commodity-like nature of many if not most of the product offerings and the lack of product differentiation opportunities. Nevertheless, research and development efforts aimed at improving performance have become increasingly important in the industry. A new technology or device that greatly increases equipment productivity can give one company a competitive advantage over its rivals by making its product more appealing to potential buyers.
In this industry scenario, Taiyou Research analyzes the US Market for Mining Equipment in its cutting-edge research offering. The report covers the following:
- An analysis of the US Mining Equipment industry including a market profile, an analysis of market demand, the demand for mining equipment parts and attachments, as well as the demand for various types of mining equipment. An import/export scenario is also included.
- A market analysis by application areas for mining equipments. Application areas analyzed include coal mining, metal mining and mineral mining.
- An analysis of the industry structure, market trends as well as technological trends in the industry.
- An analysis of the regulatory framework governing the industry.
- An analysis of the major players such as Caterpillar Inc., Joy Global, Atlas Copco, BHP Billiton, Terex Corporation, amongst others. These major players are analyzed through a company overview, an analysis of their business segments, a financial analysis and a SWOT analysis.
- A forecast for the US Market for Mining Equipment is also included in the report. We analyze the demand forecast for the various types of mining equipment as well as the forecast for the applications of mining equipment in coal mining, metal mining and mineral mining.
Contents
1. EXECUTIVE SUMMARY2. US MINING EQUIPMENT INDUSTRY
2.1 Market Profile
2.2 Market Demand
2.3 Demand for Mining Equipment Parts & Attachments
2.4 Demand for Crushing, Pulverizing & Screening Equipment
2.5 Demand for Surface Mining Machinery
2.6 Demand for Other Mining Equipment
2.7 Import/Export Scenario
3. MARKET ANALYSIS BY APPLICATION AREAS
3.1 Overview of Application Areas
3.2 Applications in Coal Mining
3.3 Applications in Metal Mining
3.4 Applications in Mineral Mining
4. INDUSTRY STRUCTURE
5. INDUSTRY TRENDS
5.1 Market Trends
5.2 Technological Trends
6. REGULATORY FRAMEWORK
7. FORECAST FOR US MARKET FOR MINING EQUIPMENT
7.1 Industry Forecast
7.2 Demand Forecast for Mining Equipment Parts & Attachments
7.3 Demand Forecast for Crushing, Pulverizing & Screening Equipment
7.4 Demand Forecast for Surface Mining Machinery
7.5 Demand Forecast for Other Mining Equipment
7.6 Forecast for Applications in Coal Mining
7.7 Forecast for Applications in Metal Mining
7.8 Forecast for Applications in Mineral Mining
8. MAJOR PLAYERS
8.1 Caterpillar Inc.
8.1.1 Company Overview
8.1.2 Business Segment Analysis
8.1.3 Financial Analysis
8.1.4 Presence in the Market
8.1.5 SWOT Analysis
8.2 Joy Global Incorporated
8.2.1 Company Overview
8.2.2 Business Segment Analysis
8.2.3 Financial Analysis
8.2.4 Presence in the Market
8.3 Atlas Copco
8.3.1 Company Overview
8.3.2 Business Segment Analysis
8.3.3 Financial Analysis
8.3.4 SWOT Analysis
8.4 BHP Billiton
8.4.1 Company Overview
8.4.2 Business Segment Analysis
8.4.3 Financial Analysis
8.4.4 SWOT Analysis
8.5 Terex Corporation
8.5.1 Company Overview
8.5.2 Business Segment Analysis
8.5.2 Financial Analysis
8.5.4 SWOT Analysis
8.6 Bucyrus International Inc. (Acquired by Caterpillar Inc.)
8.6.1 Company Overview
8.6.2 Business Segment Analysis
8.6.3 Financial Analysis
9. GLOSSARY
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