1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET/PRODUCT DEFINITION 22
1.3 INCLUSIONS & EXCLUSIONS 22
1.4 MARKET SCOPE 23
FIGURE 1 MINING MACHINERY MARKET SEGMENTATION 23
1.5 UNITS CONSIDERED 23
1.6 STAKEHOLDERS 23
1.7 CURRENCY 24
1.8 SUMMARY OF CHANGES 24

2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
FIGURE 2 MINING MACHINERY MARKET: RESEARCH DESIGN 25
FIGURE 3 RESEARCH DESIGN MODEL 26
2.1.1 SECONDARY DATA 26
2.1.1.1 Key secondary sources for machinery sales 27
2.1.1.2 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
2.1.2.1 Breakdown of primary interviews 28
2.1.2.2 Sampling techniques & data collection methods 28
2.1.2.3 Primary participants 29
2.2 MARKET SIZE ESTIMATION 29
FIGURE 4 BOTTOM-UP APPROACH: MINING MACHINERY MARKET (MACHINERY TYPE AND REGIONAL/COUNTRY LEVEL) 29
FIGURE 5 TOP-DOWN APPROACH: MINING MACHINERY MARKET (APPLICATION/PROPULSION/POWER OUTPUT) 30
FIGURE 6 TOP-DOWN APPROACH: ELECTRIC MINING MACHINERY MARKET (MACHINERY CATEGORY AND REGION) 30
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 31
FIGURE 7 DATA TRIANGULATION 31
2.4 ASSUMPTIONS 32
2.5 LIMITATIONS 34
?

3 EXECUTIVE SUMMARY 35
3.1 PRE- AND POST-COVID-19 SCENARIO 35
FIGURE 8 PRE- AND POST-COVID-19 SCENARIO: MINING MACHINERY MARKET,
2020–2025 (USD MILLION) 35
TABLE 1 MINING MACHINERY MARKET: PRE- VS. POST-COVID-19 SCENARIO,
2020–2025 (MILLION USD) 35
3.2 REPORT SUMMARY 36
FIGURE 9 MINING MACHINERY MARKET OUTLOOK 36
FIGURE 10 MINING MACHINERY MARKET, BY REGION, 2020 VS. 2025 (USD MILLION) 37

4 PREMIUM INSIGHTS 39
4.1 MINING MACHINERY MARKET OVERVIEW 39
FIGURE 11 ATTRACTIVE OPPORTUNITIES IN MINING MACHINERY MARKET,
2020 VS. 2025 (USD MILLION) 39
4.2 MINING MACHINERY MARKET, BY MACHINERY CATEGORY 39
FIGURE 12 SURFACE MINING TO DOMINATE MARKET DURING FORECAST PERIOD
(USD MILLION) 39
4.3 MINING MACHINERY MARKET, BY PROPULSION 40
FIGURE 13 DIESEL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
(USD MILLION) 40
4.4 MINING MACHINERY MARKET, BY APPLICATION 40
FIGURE 14 MINERAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2020
(USD MILLION) 40
4.5 MINING MACHINERY MARKET, BY POWER OUTPUT 41
FIGURE 15 500-2,000 HP SEGMENT SET TO DOMINATE MARKET IN 2020 (USD MILLION) 41
4.6 ELECTRIC MINING MACHINERY MARKET, BY BATTERY TYPE 41
FIGURE 16 LITHIUM-ION TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION) 41
4.7 ELECTRIC MINING MACHINERY MARKET, BY TYPE 42
FIGURE 17 MINING TRUCKS TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD (USD MILLION) 42
4.8 AUTONOMOUS MINING MACHINERY MARKET, BY TYPE 42
FIGURE 18 SURFACE MINING SEGMENT BE LARGEST DURING FORECAST PERIOD
(USD MILLION) 42
4.9 MINING MACHINERY MARKET, BY REGION 43
FIGURE 19 MIDDLE EAST & AFRICA MARKET TO GROW FASTEST BY 2025 (USD MILLION) 43

5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 MARKET DYNAMICS 45
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IMPACTING THE MINING MACHINERY MARKET 45
5.2.1 DRIVERS 45
5.2.1.1 Increasing use of electric machinery in underground mining 45
TABLE 2 ACTIVE UNDERGROUND MINING PROJECTS IN SELECT COUNTRIES, 2019 46
5.2.1.2 Increase in demand for metals and commodities 46
FIGURE 21 INCREASE IN MINING ACTIVITIES TO BOOST DEMAND FOR METALS AND COMMODITIES 47
5.2.2 RESTRAINTS 48
5.2.2.1 Export of used mining machinery to developing countries 48
TABLE 3 SOUTH AFRICA MINING MACHINERY IMPORT STATISTICS (USD ?000) 48
5.2.3 OPPORTUNITIES 48
5.2.3.1 Use of autonomous mining machinery 48
5.2.3.2 Use of telematics in mining machinery 49
FIGURE 22 PROMINENT MINING MACHINERY PLAYERS OFFERING TELEMATICS SOLUTIONS 49
5.2.4 CHALLENGES 50
5.2.4.1 COVID-19 Impact: Decline in mining machinery sales 50
5.2.4.2 Lack of standardization in mining machinery 50
5.3 IMPACT OF COVID-19 ON MINING MACHINERY MARKET 51
5.3.1 COVID-19 HEALTH ASSESSMENT 51
FIGURE 23 COVID-19 PROPAGATION: SELECT COUNTRIES 51
FIGURE 24 GDP GROWTH (% IN 2020) 52
5.4 MINING MACHINERY MARKET SCENARIO 52
FIGURE 25 MINING MACHINERY MARKET SCENARIO 2020–2025 (USD MILLION) 52
5.4.1 MOST LIKELY/REALISTIC SCENARIO 53
TABLE 4 REALISTIC SCENARIO: MINING MACHINERY MARKET, BY REGION,
2020–2025 (USD MILLION) 53
5.4.2 HIGH COVID-19 IMPACT SCENARIO 53
TABLE 5 HIGH COVID-19 IMPACT SCENARIO: MINING MACHINERY MARKET,
BY REGION, 2020–2025 (USD MILLION) 53
5.4.3 LOW COVID-19 IMPACT SCENARIO 54
TABLE 6 LOW COVID-19 IMPACT SCENARIO: MINING MACHINERY MARKET,
BY REGION, 2020–2025 (USD MILLION) 54
5.5 PORTER’S FIVE FORCES 54
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS (2020): MINING MACHINERY MARKET 54
FIGURE 27 COMPETITIVE RIVALRY IN MINING MACHINERY MARKET HAS HIGH IMPACT 55
TABLE 7 PORTER’S FIVE FORCES ANALYSIS 55
5.5.1 INTENSITY OF COMPETITIVE RIVALRY 55
FIGURE 28 HIGH EXIT BARRIERS RESULT IN HIGHER INTENSITY OF COMPETITIVE RIVALRY IN MINING MACHINERY MARKET 55
5.5.2 THREAT OF NEW ENTRANTS 56
FIGURE 29 EASE OF GEOGRAPHIC EXPANSION HAS HIGHEST IMPACT ON NEW MARKET ENTRANTS 56
5.5.3 THREAT OF SUBSTITUTES 57
FIGURE 30 TECHNOLOGICAL ADVANCEMENTS AND DEMAND FOR CUSTOMIZED MACHINERY INFLUENCE THREAT OF SUBSTITUTES 57
5.5.4 BARGAINING POWER OF SUPPLIERS 58
FIGURE 31 LOW SUPPLIER CONCENTRATION & PRODUCT DIFFERENTIATION LIMITS BARGAINING POWER OF SUPPLIERS 58
5.5.5 BARGAINING POWER OF BUYERS 59
FIGURE 32 SUPPLIER FRAGMENTATION & LACK OF SUBSTITUTES REDUCES BARGAINING POWER OF BUYERS 59
5.6 VALUE CHAIN ANALYSIS 59
FIGURE 33 VALUE CHAIN (2020): MAJOR VALUE IS ADDED BY OEMS DURING MANUFACTURING & ASSEMBLY PHASE 60
5.7 AVERAGE SELLING PRICE TREND OF MINING MACHINERY 61
TABLE 8 AVERAGE COST OF DIESEL MINING MACHINERY, BY MACHINERY TYPE, 2020 61
5.8 TRENDS/DISRUPTIONS IMPACTING MINING MACHINERY MARKET 62
5.9 ECOSYSTEM MARKET MAP 62
FIGURE 34 ECOSYSTEM MAP: MINING MACHINERY MARKET 62
5.10 TECHNOLOGY ANALYSIS 63
5.11 CASE STUDY ANALYSIS 64
5.11.1 ELECTRIFYING MINING IN PERU 64
5.11.2 USE OF TELEMATICS AT INDIAN MINE 64
5.11.3 CAT MINESTAR SYSTEM AT ROBINSON MINE IN NEVADA 64
5.11.4 KOMATSU’S JOINT VENTURE WITH RIO TINTO 64

6 MINING MACHINERY MARKET, BY MACHINERY CATEGORY 65
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America South America, and Middle East & Africa
6.1 INTRODUCTION 66
6.1.1 RESEARCH METHODOLOGY 66
6.1.2 ASSUMPTIONS 66
6.1.3 INDUSTRY INSIGHTS 67
FIGURE 35 SURFACE MINING TO HOLD LARGEST SHARE IN MINING MACHINERY MARKET, 2020 VS. 2025 (USD MILLION) 67
TABLE 9 MINING MACHINERY MARKET, BY MACHINERY CATEGORY,
2018–2025 (USD MILLION) 68
6.2 CRUSHING, PULVERIZING, SCREENING MACHINERY 68
6.2.1 NORTH AMERICA IS SECOND-LARGEST MARKET FOR CRUSHING, PULVERIZING, SCREENING MACHINERY 68
TABLE 10 CRUSHING, PULVERIZING, SCREENING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 68
6.3 MINERAL PROCESSING MACHINERY 69
6.3.1 ASIA OCEANIA IS LARGEST MARKET FOR MINERAL PROCESSING MACHINERY 69
TABLE 11 MINERAL PROCESSING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 69
6.4 SURFACE MINING MACHINERY 70
TABLE 12 SURFACE MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 70
TABLE 13 SURFACE MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 70
6.4.1 ARTICULATED DUMP TRUCKS 71
6.4.1.1 Europe estimated to be largest market for articulated dump trucks 71
TABLE 14 ARTICULATED DUMP TRUCKS IN SURFACE MINING MACHINERY MARKET,
BY REGION, 2018–2025 (UNITS) 71
TABLE 15 ARTICULATED DUMP TRUCKS IN SURFACE MINING MACHINERY MARKET,
BY REGION, 2018–2025 (USD MILLION) 71
6.4.2 CRAWLER DOZERS 72
6.4.2.1 North America is largest market for crawler dozers 72
TABLE 16 CRAWLER DOZERS IN SURFACE MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 72
TABLE 17 CRAWLER DOZERS IN SURFACE MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 72
6.4.3 CRAWLER EXCAVATORS 73
6.4.3.1 China to lead Asia Oceania market for crawler excavators 73
TABLE 18 CRAWLER EXCAVATORS IN SURFACE MINING MACHINERY MARKET,
BY REGION, 2018–2025 (UNITS) 73
TABLE 19 CRAWLER EXCAVATORS IN SURFACE MINING MACHINERY MARKET,
BY REGION, 2018–2025 (USD MILLION) 73
6.4.4 MOTOR GRADERS 74
6.4.4.1 North America is largest market for motor graders 74
TABLE 20 MOTOR GRADERS IN SURFACE MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 74
TABLE 21 MOTOR GRADERS IN SURFACE MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 74
6.4.5 RIGID DUMP TRUCKS 75
6.4.5.1 South America is largest market for rigid dump trucks 75
TABLE 22 RIGID DUMP TRUCKS IN SURFACE MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 75
TABLE 23 RIGID DUMP TRUCKS IN SURFACE MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 75
6.5 UNDERGROUND MINING MACHINERY 76
TABLE 24 UNDERGROUND MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 76
TABLE 25 UNDERGROUND MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 76
6.5.1 DRILLS 77
6.5.1.1 Asia Oceania to be largest market for drills 77
TABLE 26 DRILLS IN UNDERGROUND MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 77
TABLE 27 DRILLS IN UNDERGROUND MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 77
6.5.2 ELECTRIC SHOVELS 78
6.5.2.1 South America to be fastest-growing market for electric shovels 78
TABLE 28 ELECTRIC SHOVELS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (UNITS) 78
TABLE 29 ELECTRIC SHOVELS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (USD MILLION) 78
6.5.3 HYDRAULIC EXCAVATORS 79
6.5.3.1 Asia Oceania accounts for more than 30% of hydraulic excavators market 79
TABLE 30 HYDRAULIC EXCAVATORS IN UNDERGROUND MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 79
TABLE 31 HYDRAULIC EXCAVATORS IN UNDERGROUND MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 79
6.5.4 MINING DOZERS 80
6.5.4.1 Europe to have second-largest mining dozers market share 80
TABLE 32 MINING DOZERS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (UNITS) 80
TABLE 33 MINING DOZERS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (USD MILLION) 80
6.5.5 MINING TRUCKS 81
6.5.5.1 Asia Oceania projected to hold more than 35% of mining trucks market 81
TABLE 34 MINING TRUCKS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (UNITS) 81
TABLE 35 MINING TRUCKS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (USD MILLION) 81
6.5.6 WHEELED LOADERS 82
6.5.6.1 Europe is second-largest market for wheeled loaders 82
TABLE 36 WHEELED LOADERS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (UNITS) 82
TABLE 37 WHEELED LOADERS IN UNDERGROUND MINING MACHINERY MARKET,
BY REGION, 2018–2025 (USD MILLION) 82

7 MINING MACHINERY MARKET, BY APPLICATION 83
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
7.1 INTRODUCTION 84
7.1.1 RESEARCH METHODOLOGY 84
7.1.2 ASSUMPTIONS 84
7.1.3 INDUSTRY INSIGHTS 85
FIGURE 36 MINING MACHINERY MARKET, BY APPLICATION,
2020 VS. 2025 (USD MILLION) 85
TABLE 38 MINING MACHINERY MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 85
7.2 COAL 86
7.2.1 INCREASING ENERGY DEMAND DRIVES COAL MINING MACHINERY MARKET 86
TABLE 39 COAL MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 86
7.3 METAL 87
7.3.1 SOUTH AMERICA TO BE SECOND-LARGEST METAL MINING MACHINERY MARKET 87
TABLE 40 METAL MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 87
7.4 MINERAL 88
7.4.1 ASIA OCEANIA TO DOMINATE MINERAL MINING MACHINERY MARKET 88
TABLE 41 MINERAL MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 88

8 MINING MACHINERY MARKET, BY POWER OUTPUT 89
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
8.1 INTRODUCTION 90
8.1.1 RESEARCH METHODOLOGY 90
8.1.2 ASSUMPTIONS 90
8.1.3 INDUSTRY INSIGHTS 90
FIGURE 37 MINING MACHINERY MARKET, BY POWER OUTPUT,
2020 VS. 2025 (USD MILLION) 91
TABLE 42 MINING MACHINERY MARKET, BY POWER OUTPUT, 2018–2025 (UNITS) 91
TABLE 43 MINING MACHINERY MARKET, BY POWER OUTPUT,
2018–2025 (USD MILLION) 91
8.2 <500 HP 92
8.2.1 ASIA OCEANIA TO DOMINATE <500 HP POWER OUTPUT SEGMENT 92
TABLE 44 <500 HP MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 92
TABLE 45 <500 HP MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 92
8.3 500-2000 HP 93
8.3.1 MIDDLE EAST & AFRICA TO BE FASTEST GROWING REGION IN 500-2,000 HP SEGMENT 93
TABLE 46 500-2,000 HP MINING MACHINERY MARKET, BY REGION,
2018–2025 (UNITS) 93
TABLE 47 500-2,000 HP MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 93
8.4 >2,000 HP 94
8.4.1 AMERICAS COMMAND LARGEST SHARE OF >2,000 HP SEGMENT 94
TABLE 48 >2,000 HP MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 94
TABLE 49 >2,000 HP MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 94

9 MINING MACHINERY MARKET, BY PROPULSION 95
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
9.1 INTRODUCTION 96
9.1.1 RESEARCH METHODOLOGY 96
9.1.2 ASSUMPTIONS 97
9.1.3 INDUSTRY INSIGHTS 97
FIGURE 38 MINING MACHINERY MARKET, BY PROPULSION,
2020 VS. 2025 (USD MILLION) 97
TABLE 50 MINING MACHINERY MARKET, BY PROPULSION, 2018–2025 (UNITS) 97
TABLE 51 MINING MACHINERY MARKET, BY PROPULSION, 2018–2025 (USD MILLION) 98
9.2 DIESEL 98
9.2.1 HIGHER DENSITY MAKES DIESEL PREFERRED FUEL FOR MINING MACHINERY 98
TABLE 52 DIESEL ENGINE OFFERINGS BY OEMS 98
TABLE 53 DIESEL IN MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 99
TABLE 54 DIESEL IN MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 99
9.3 CNG/LNG/RNG 99
9.3.1 ALTERNATE FUEL MINING MACHINERY TO RECORD FASTEST GROWTH 99
TABLE 55 CNG/LNG/RNG IN MINING MACHINERY MARKET, BY REGION,
2018–2025 (UNITS) 100
TABLE 56 CNG/LNG/RNG IN MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 100

10 ELECTRIC MINING MACHINERY MARKET, BY TYPE 101
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
10.1 INTRODUCTION 102
10.1.1 RESEARCH METHODOLOGY 102
10.1.2 ASSUMPTIONS/LIMITATIONS 102
10.1.3 INDUSTRY INSIGHTS 102
FIGURE 39 ELECTRIC MINING MACHINERY MARKET, BY TYPE,
2020 VS. 2025 (USD MILLION) 103
TABLE 57 ELECTRIC MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 103
TABLE 58 ELECTRIC MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 103
10.2 ELECTRIC MINING TRUCKS 104
TABLE 59 ELECTRIC MINING TRUCKS MARKET, BY REGION, 2018–2025 (UNITS) 104
TABLE 60 ELECTRIC DUMP TRUCKS MARKET, BY REGION, 2018?2025 (USD MILLION) 104
10.3 ELECTRIC LOAD-HAUL-DUMP LOADERS (LHD) 105
TABLE 61 ELECTRIC LHD MARKET, BY REGION, 2018–2025 (UNITS) 105
TABLE 62 ELECTRIC LHD MARKET, BY REGION, 2018–2025 (USD MILLION) 105
11 ELECTRIC MINING MACHINERY MARKET, BY BATTERY TYPE 106
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
11.1 INTRODUCTION 107
11.1.1 RESEARCH METHODOLOGY 107
11.1.2 ASSUMPTIONS 107
11.1.3 INDUSTRY INSIGHTS 108
FIGURE 40 ELECTRIC MINING MACHINERY MARKET, BY BATTERY TYPE,
2020 VS. 2025 (USD MILLION) 108
TABLE 63 ELECTRIC MINING MACHINERY MARKET, BY BATTERY TYPE,
2018–2025 (UNITS) 108
TABLE 64 ELECTRIC MINING MACHINERY MARKET, BY BATTERY TYPE,
2018–2025 (USD MILLION) 109
?
11.2 LITHIUM-ION 109
TABLE 65 LITHIUM-ION BATTERIES: ELECTRIC MINING MACHINERY MARKET,
BY REGION, 2018–2025 (UNITS) 109
TABLE 66 LITHIUM-ION BATTERIES: ELECTRIC MINING MACHINERY MARKET,
BY REGION, 2018–2025 (USD MILLION) 110
11.3 LEAD-ACID 110
TABLE 67 LEAD-ACID BATTERIES: ELECTRIC MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 110
TABLE 68 LEAD-ACID BATTERIES: ELECTRIC MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 111
11.4 OTHERS 111
TABLE 69 OTHER BATTERIES: ELECTRIC MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 111
TABLE 70 OTHER BATTERIES: ELECTRIC MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 112
12 AUTONOMOUS MINING MACHINERY MARKET, BY MINING CATEGORY 113
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Oceania, Europe, North America, South America, and Middle East & Africa
12.1 INTRODUCTION 114
12.1.1 RESEARCH METHODOLOGY 114
12.1.2 ASSUMPTIONS 114
12.1.3 INDUSTRY INSIGHTS 115
FIGURE 41 AUTONOMOUS MINING MACHINERY MARKET, BY MINING CATEGORY,
2020 VS. 2025 (USD MILLION) 115
TABLE 71 AUTONOMOUS MINING MACHINERY MARKET, BY MINING CATEGORY,
2018–2025 (UNITS) 115
TABLE 72 AUTONOMOUS MINING MACHINERY MARKET, BY MINING CATEGORY,
2018–2025 (USD MILLION) 116
12.2 SURFACE MINING 116
12.2.1 ASIA OCEANIA TO BE FASTEST MARKET FOR AUTONOMOUS SURFACE MINING MACHINERY 116
TABLE 73 AUTONOMOUS SURFACE MINING MACHINERY MARKET, BY REGION,
2018–2025 (UNITS) 116
TABLE 74 AUTONOMOUS SURFACE MINING MACHINERY MARKET, BY REGION,
2018–2025 (USD MILLION) 116
12.3 UNDERGROUND MINING 117
12.3.1 PRESENCE OF KEY PLAYERS IN NORTH AMERICA BOOSTS MARKET FOR AUTONOMOUS UNDERGROUND MINING MACHINERY 117
TABLE 75 AUTONOMOUS UNDERGROUND MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 117
TABLE 76 AUTONOMOUS UNDERGROUND MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 117
?

13 MINING MACHINERY MARKET, BY REGION 118
Note: The Chapter is Further Segmented by Type – Crawler Excavators, Crawler Dozers, Motor Graders, Rigid Dump Trucks, Articulated Dump Trucks, Electric Shovels, Hydraulic Excavators, Wheel Loaders, Mining Dozers, Mining Trucks, and Drills
13.1 INTRODUCTION 119
13.1.1 RESEARCH METHODOLOGY 119
13.1.2 ASSUMPTIONS 119
13.1.3 INDUSTRY INSIGHTS 120
FIGURE 42 ASIA OCEANIA TO ACCOUNT FOR LARGEST SHARE IN MINING MACHINERY MARKET IN 2020 120
TABLE 77 MINING MACHINERY MARKET, BY REGION, 2018–2025 (UNITS) 121
TABLE 78 MINING MACHINERY MARKET, BY REGION, 2018–2025 (USD MILLION) 121
13.2 ASIA OCEANIA 122
FIGURE 43 ASIA OCEANIA TO HOLD LARGEST SHARE IN MINING MACHINERY MARKET 122
TABLE 79 ASIA OCEANIA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (UNITS) 123
TABLE 80 ASIA OCEANIA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 123
13.2.1 CHINA 123
13.2.1.1 Crawler excavators to have major share in China mining machinery market 123
TABLE 81 CHINA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 124
TABLE 82 CHINA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 124
13.2.2 INDIA 125
13.2.2.1 Underground mining machinery to drive Indian market 125
TABLE 83 INDIA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 125
TABLE 84 INDIA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 126
13.2.3 JAPAN 127
13.2.3.1 Articulated dump trucks segment to grow at highest CAGR in Japan 127
TABLE 85 JAPAN: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 127
TABLE 86 JAPAN: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 128
13.2.4 INDONESIA 129
13.2.4.1 Crawler excavator sales to dominate Indonesian mining market 129
TABLE 87 INDONESIA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 129
TABLE 88 INDONESIA: MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 130
13.2.5 AUSTRALIA 131
13.2.5.1 Excavator sales to command largest share in Australian market 131
TABLE 89 AUSTRALIA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 131
TABLE 90 AUSTRALIA: MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 132
?
13.3 EUROPE 133
TABLE 91 EUROPE: MINING MACHINERY MARKET, BY COUNTRY, 2018–2025 (UNITS) 133
TABLE 92 EUROPE: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 133
13.3.1 FRANCE 134
13.3.1.1 Crawler excavators to have largest share during forecast period 134
TABLE 93 FRANCE: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 134
TABLE 94 FRANCE: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 135
13.3.2 GERMANY 136
13.3.2.1 German market to witness slow growth due to focus on renewable energy 136
TABLE 95 GERMANY: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 136
TABLE 96 GERMANY: MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 137
13.3.3 ITALY 138
13.3.3.1 Underground mining trucks to add value to Italian mining machinery market 138
TABLE 97 ITALY: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 138
TABLE 98 ITALY: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 139
13.3.4 SPAIN 140
13.3.4.1 Crawler excavators to dominate market in Spain 140
TABLE 99 SPAIN: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 140
TABLE 100 SPAIN: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 141
13.3.5 UK 142
13.3.5.1 Motor graders to register fastest growth in UK market 142
TABLE 101 UK: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 142
TABLE 102 UK: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 143
13.3.6 RUSSIA 144
13.3.6.1 Electric shovels segment to witness fastest growth in Russia 144
TABLE 103 RUSSIA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 144
TABLE 104 RUSSIA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 145
13.3.7 REST OF EUROPE 145
13.4 NORTH AMERICA 146
FIGURE 44 MINING MACHINERY MARKET IN MEXICO TO WITNESS FASTEST GROWTH 146
TABLE 105 NORTH AMERICA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (UNITS) 147
TABLE 106 NORTH AMERICA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 147
13.4.1 CANADA 148
13.4.1.1 Motor graders to have largest share, by value, in Canada 148
TABLE 107 CANADA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 148
TABLE 108 CANADA: MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 149
13.4.2 MEXICO 150
13.4.2.1 Crawler excavators to account for largest volume in Mexican market 150
TABLE 109 MEXICO: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 150
TABLE 110 MEXICO: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 151
13.4.3 US 151
13.4.3.1 Electric shovels to be fastest-growing segment in US market 151
TABLE 111 US: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 152
TABLE 112 US: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 152
13.5 SOUTH AMERICA 153
TABLE 113 SOUTH AMERICA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (UNITS) 153
TABLE 114 SOUTH AMERICA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 153
13.5.1 BRAZIL 154
13.5.1.1 Rigid dump trucks segment to grow at highest CAGR in Brazil 154
TABLE 115 BRAZIL: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 154
TABLE 116 BRAZIL: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 155
13.5.2 CHILE 156
13.5.2.1 Crawler excavators to have largest share, by volume, in Chile 156
TABLE 117 CHILE: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 156
TABLE 118 CHILE: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 157
13.5.3 PERU 158
13.5.3.1 Mining trucks to be largest segment in Peru 158
TABLE 119 PERU: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 158
TABLE 120 PERU: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (USD MILLION) 159
13.5.4 ARGENTINA 160
13.5.4.1 Motor graders to be largest segment in Argentina 160
TABLE 121 ARGENTINA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 160
TABLE 122 ARGENTINA: MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 161
13.5.5 REST OF SOUTH AMERICA 161
13.6 MIDDLE EAST & AFRICA 162
TABLE 123 MIDDLE EAST & AFRICA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (UNITS) 162
TABLE 124 MIDDLE EAST & AFRICA: MINING MACHINERY MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 162
13.6.1 SOUTH AFRICA 162
13.6.1.1 Mining trucks to have largest market share in South Africa 162
TABLE 125 SOUTH AFRICA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 163
TABLE 126 SOUTH AFRICA: MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 163
13.6.2 SAUDI ARABIA 164
13.6.2.1 Phosphate, tantalum, and gold to drive Saudi Arabian mining industry 164
TABLE 127 SAUDI ARABIA: MINING MACHINERY MARKET, BY TYPE, 2018–2025 (UNITS) 164
TABLE 128 SAUDI ARABIA: MINING MACHINERY MARKET, BY TYPE,
2018–2025 (USD MILLION) 165
13.6.3 REST OF MIDDLE EAST & AFRICA 165
13.6.3.1 Rest of Middle East & Africa to witness slow to moderate growth 165
14 COMPETITIVE LANDSCAPE 166
14.1 COMPANY EVALUATION MATRIX – MINING MACHINERY MANUFACTURERS 166
14.1.1 TERMINOLOGY 166
14.1.2 STAR 166
14.1.3 EMERGING LEADERS 166
14.1.4 PERVASIVE PLAYERS 166
14.1.5 PARTICIPANT 166
FIGURE 45 MINING MACHINERY MARKET: COMPANY EVALUATION MATRIX (2019) 167
14.2 STRENGTH OF PRODUCT PORTFOLIO 168
FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MINING MACHINERY MARKET 168
14.3 BUSINESS STRATEGY EXCELLENCE 169
FIGURE 47 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MINING MACHINERY MARKET 169
14.4 MARKET EVALUATION FRAMEWORK 170
FIGURE 48 MARKET EVALUATION FRAMEWORK: MINING MACHINERY MARKET 170
14.5 MINING MACHINERY MARKET: MARKET SHARE 171
FIGURE 49 MINING MACHINERY MARKET SHARE ANALYSIS, 2019 171
14.6 KEY PLAYER STRATEGIES/RIGHT TO WIN 172
FIGURE 50 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY, 2018–2020 173
14.7 COMPETITIVE SCENARIO 174
14.7.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES 174
TABLE 129 NEW PRODUCT DEVELOPMENTS/LAUNCHES (2018-2020) 174
14.7.2 EXPANSIONS 178
TABLE 130 EXPANSIONS (2018-2020) 178
14.7.3 PARTNERSHIPS/AGREEMENTS/SUPPLY ORDERS 178
TABLE 131 PARTNERSHIPS/AGREEMENTS/SUPPLY ORDERS (2018-2020) 178
14.7.4 ACQUISITIONS 181
TABLE 132 ACQUISITIONS (2018-2020) 181

15 COMPANY PROFILES 182
15.1 MINING MACHINERY MANUFACTURES – KEY PLAYERS 182
(Business overview, Products offered, Recent developments & MnM View)*
15.1.1 CATERPILLAR INC. 182
FIGURE 51 CATERPILLAR INC.: COMPANY SNAPSHOT 182
TABLE 133 CATERPILLAR INC. – ORGANIC DEVELOPMENTS 184
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TABLE 134 CATERPILLAR INC. – INORGANIC DEVELOPMENTS 184
15.1.2 KOMATSU LTD. 186
FIGURE 52 KOMATSU LTD.: COMPANY SNAPSHOT 186
TABLE 135 KOMATSU LTD. – ORGANIC DEVELOPMENTS 188