Top 10 Global Mining Equipment Suppliers Benchmarked in New Timetric Report Published at MarketPublishers.com22 Oct 2015 • by Natalie Aster
LONDON – For the 6 companies examined, revenues declined for most companies for their mining divisions in 2014. The regions such as Asia and Australasia registered the bulk of revenue reductions, whilst companies operating in Africa and Latin America witnessed more growth.
The drop in sales of new equipment along with the rising focus on maximising the value from existing assets has resulted in a substantial hike in the share of revenues from the aftermarket sector. For instance, Joy Global’s aftermarket share of revenues grew from 52% in 2012 to nearly 70% as of 2014.
In the global market, Caterpillar was recurrently ranked by respondents as the dominant equipment supplier for excavators, trucks, loaders and dozers. Komatsu followed the leader in each of the aforementioned equipment types.
Each of the companies discussed had considerable growth through the mining super cycle during 2007-2012. Yet they are currently facing challenging market conditions amid a slump in commodity markets, and a reduction in capex worldwide.
Caterpillar, Komatsu, BEML, Joy Global, Hitachi, Atlas Copco, Sandvik, Volvo, Liebherr, and L&T are the leading companies in the market.
New market research report “Benchmarking Global Mining Equipment Suppliers, 2015” created by Timetric examines the global performance of the top 10 heavy mobile equipment suppliers.
The report provides an overview of the financial performance of each company reviewed; a global customer satisfaction survey, with satisfaction ratings from 16 factors, covering cost factors, product attributes and supplier attributes; presents rankings of the top suppliers for each equipment type, with respondents pinpointing who they viewed as the leading suppliers for excavators, drills, trucks, loaders, dozers, shovels, continuous miners, tyres, pumps, engines and mining software.
Companies discussed include: Caterpillar, Hitachi, Komatsu, Atlas Copco, Liebherr, Sandvik, Volvo, P&H, L&T, Ingersoll Rand, BEML, Boart Longyear, Weg, Cummins, Metso, Bridgestone, Michelin, Goodyear, Dunlop, Yokohama, MRF, Maxxis, Vulcan, Deswik, Surpac, Datamine, Flygt, Grindex, MineSight and Ebara.
Benchmarking Global Mining Equipment Suppliers, 2015
Published: October, 2015
Price: US$ 4,950.00
More studies by the publisher are at hand at Timetric page.