Mining Drills And Breakers Market Report

Mining Drills And Breakers Market Analysis By Product (Rotary Drills, Crawler Drills, Rock Breakers, Hydraulic Breakers), By Application (Metal Mining, Mineral Mining, Coal Mining), By Region, And Segment Forecasts, 2014 - 2025

Published: September 2017  |  132 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-608-0

Industry Insights

The global mining drills & breakers market size was valued at USD 8.04 billion in 2016. The increasing mineral exploration activities are expected to drive market growth over the next nine years, owing to the presence of several mineral reserves, particularly in China, India, and Australia. Mining operations in major product locations are largely affected by factors such as water shortages, soil erosion, loss of biodiversity, and others. These factors have boosted the demand for efficient mining solutions and powerful equipment. However, security and safety concerns related to the use of heavy equipment are expected to hinder the overall growth of the market.

Key mining organizations are making investments in the development of technologies that offer enhanced efficiency, improved automation, and safer mining operations. They also aim at increasing investments in R&D in an attempt to carry out advancements in technologies such as cognitive computing and artificial intelligence. Moreover, mining companies are assessing their investment plans to prioritize margins and cash flows while managing costs and capital. They are also seeking collaborations with customers and competitors to share development costs and introduce new products. Integration with Internet of Things (IoT) technologies is a major trend followed by competitors to provide services such as purchase-to-pay automation and sensing techniques.

U.S. mining drills & breakers market, by product, 2014 - 2025 (USD Million)

U.S. mining drills & breakers market

Companies are also exploring opportunities to improve transparency across the supply chain. Technologies such as data analytics have been implemented to identify opportunities and improve efficiency and flexibility in the supply chain. Sharing data with suppliers, operators, and customers using new tools and IT platforms is a critical factor for most organizations. Thus, companies do not restrict their growth strategies to mergers, acquisitions, and investments. Furthermore, they focus on optimizing their product portfolio through a combination of strategic acquisitions, expansions, and productivity improvements.

Product Insights

The rock breakers segment accounted for a revenue share of over 20% in 2016. The increasing demand for backhoe loaders and excavators is boosting the demand for rock breakers. The growth of infrastructure along with an increase in mining activities is contributing to the segment growth. The adoption of synchronized breakers offers a significant advantage to manufacturers and consumers as the breakers provide several alternatives to quarry owners for selecting breakers aligned to a specific application.

The growing popularity of breakers has enabled manufacturers to integrate rock and hydraulic breakers with excavators. Breakers with enhanced in-built operational features deliver improved safety and productivity, thereby driving the demand for rock breakers among quarry owners.

Application Insights

The metal mining segment dominated the market in 2016 owing to the increasing demand for metals, particularly steel, aluminum, and gold. The growing demand for automobiles and rising infrastructure development are driving the demand for these metals, thereby propelling the demand for drills & breakers in the metal mining application.

China has emerged as one of the largest markets for gold. It is expected to witness an increase in gold exploration activities in the coming years, presenting a significant opportunity for metal mining due to the increasing demand for energy efficiency, reduction in emissions, and decreasing costs in this sector. The availability of lease-based equipment is presumed to encourage end users to use advanced material handling equipment.

Furthermore, the elevating demand for coal mining has enabled manufacturers to modify the existing equipment to meet various industry requirements. However, the equipment and their parts are subject to constant wear and tear during mining operations and excavation. Vendors have undergone extensive overhauls and are providing after-sales services to keep pace with green excavation efforts.

Global mining drills & breakers market, by application, 2016 (%)

Global mining drills & breakers market

Regional Insights

Asia Pacific dominated the mining drills & breakers market in 2016 owing to economic development in the region, coupled with increasing automation of construction and mining processes. Regional players are emphasizing on providing cost-effective products over energy-efficient equipment, predominantly in price-sensitive markets.

The increasing government support in exploration activities in the emerging economies is expected to contribute to the regional demand. For instance, the government of India has planned to offer a renewed and dynamic policy for the steel sector to cope with the increasing steel demand. Economies such as India, Japan, and Australia are playing a significant role in increasing the market share in global minerals trade by incrementally meeting the growing demand for metals and minerals.

The European region captured a revenue share of over 8% in 2016. Being a viable resource base, the demand for raw materials in the region is continuously increasing. However, lack of investments in geological surveys and infrastructure has resulted in a slower regional growth. Additionally, high-energy cost and lack of investments in activities to reduce the cost associated with deep deposits and metal value is hampering the regional industry growth.

Competitive Insights

Key market players include Komatsu Ltd., Caterpillar, Inc., Sandvik AB, Atlas Copco AB, and Boart Longyear Ltd. Manufacturers are forming alliances with financial firms to provide consumers with improved financing options. The large number of mining innovation ecosystems, such as the Canadian Mining Innovation Council (CMIC), encourages strategic collaborations within the industry. Various solutions are being developed by manufacturers to improve machine operations, owing to increasing investments in R&D. Furthermore, manufacturers are introducing products with GPS technology and other electronic control modules and database tools for differentiating their product offerings.

Report Scope

Attribute

Details

Base year for estimation

2016

Forecast period

2017 - 2025

Market representation

Market revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, UK, Germany, China, India, Japan, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growths at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2025. For the purpose of this study, Grand View Research has segmented the global mining drills & breakers market based on product, application, and region.

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Rotary drills

    • Crawler drills

    • Rock breakers

    • Hydraulic breakers

    • Others

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Metal mining

    • Mineral mining

    • Coal mining

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

    • MEA

Key questions answered by the report
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