Home / Building & Construction / Large Mining Shovels Market By Shovel Type (Dragline Shovel, Bucket Shovel, Hybrid Shovel), By Power Source (Hydraulic Shovel, Electric Shovel) - Growth, Future Prospects And Competitive Landscape, 2018 – 2026

Large Mining Shovels Market By Shovel Type (Dragline Shovel, Bucket Shovel, Hybrid Shovel), By Power Source (Hydraulic Shovel, Electric Shovel) - Growth, Future Prospects And Competitive Landscape, 2018 – 2026

Published: May 2019 | Report Code: 59682-05-19

Industry Outlook

The growth in the large mining shovels market has been stable over the last few years, majorly supported by steady growth in population and consequent demand for metals and minerals worldwide. With continual technology advancements, the large mining shovel market would be benefitted from the replacement of obsolete systems with the state-of-the-art equivalents. The trend is more prevalent in matured Triad economies (the U.S., Europe, and Japan) where mine operators are replacing their old machinery with advanced solutions in order to provide quality aggregates and meet demand. In addition, stringent government regulations forcing mine operators to deploy advanced machinery and electrical shovels that comply with the emission and safety regulations is further supporting market demand.

Market Synopsis

Large Mining Shovels Market

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"Dragline Shovel are Being Rapidly Replace by More Advanced Version of Bucket Shovels"

Dragline shovel is one of the biggest and most expensive mining equipment available for surface mining hence, dragline shovels are used for on-surface mining and high-value civil engineering projects. However, transportation of such shovels is highly complex and hence, are assembled on-site instead of driven it through by roads. Consequently, complexities associated with dragline shovels is providing a pathway to bucket shovels. However, hybrid shovel is packed with benefits of both dragline and bucket shovels. Subsequently, hybrid shovel is expected to demonstrate fastest growth in coming years.

Large Mining Shovels Market

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"Environmental Issues are Diverting Attention from Hydraulic Shovels Towards Electric Shovels"

Majority of market share in overall large mining shovels market is claimed by hydraulic mining shovels. Hydraulic mining shovels derive power from conventional engines and hence are contributor to environmental issues such as global warming. Owing to this, several mining contractors and mining companies are slowly diverting their preference towards a more cleaner version of electric shovels. Large electric mining shovel is a new breed of mining equipment and is much appreciated over hydraulic version and hence large electric mining shovels are expected to grow with highest growth rate in coming years. However, hydraulic large mining will retain its dominance throughout the forecast period.

Large Mining Shovels Market

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"Growth in Surface Mining in Asia Pacific are Encouraging the Demand for Large Mining Shovel"

90% of the global mining sectors are dominated by surface mining and hence large mining shovels market is flourishing in region predominantly in Asia Pacific. Consistent growth in surface mining in China and India has certainly encouraged the demand for large mining shovels. However, mines in North America and Europe are replacing their existing old large mining shovels with new ones propelling the demand for large mining shovels. Furthermore, consistent developing and mechanizing the existing mining infrastructure in Latin America and Africa region is also one of the prime factors in growth of demand for large mining shovels. Asia Pacific is expected to retain its dominant position throughout the forecast period from 2018 to 2026. Asia Pacific is followed by North America, Europe and Rest of the World respectively.

Large Mining Shovels Market

Market Segmentation

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 by Shovel Type (2016–2026; US$ Bn)
 • Dragline Shovel
 • Bucket Shovel
 • Hybrid Shovel

 by Power Source (2016–2026; US$ Bn)
 • Hydraulic Shovel
 • Electric Shovel

 Geography Segment (2016–2026; US$ Bn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Competitive Landscape   

The research study covers some of the leading large mining shovels markets including JCB Ltd., Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Volvo Construction Equipment, Komatsu Limited, Sandvik AB, China National Coal Mining Equipment Co. Ltd., Metso Corporation, Zhengzhou Coal Mining Machinery Group Co. Limited, and Boart Longyear Ltd. Every manufacturer participating in the large mining shovels market is an industry giant and is backed by a heavy market revenue and networking. Hence the market is highly concentrated by few of the top mining equipment manufacturing giants. Thus a very limited opportunities are left for new entrants to enter and claim their market share. These companies toil extremely hard in order to gain contracts from government and mining agencies in order to maintain their market position. Besides, continuous advancement in existing technologies and rising inclination towards electric version is one of the prime business strategies adopted by the companies.

Large Mining Shovels Market

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global LMS Market
2.2 Global LMS Market, by Shovel Type
2.3 Global LMS Market, by Power Source
2.4 Global LMS Market, by Geography

Chapter 3 Market Dynamics
3.1 Global LMS Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Increasing Mining in Activities in China and Australia to Fuel Market Demand
3.1.1.2 Technology Advancement Driving Market Growth
3.1.1.3 Government Regulation and Support
3.1.2 Market Challenges
3.1.2.1 Cyclic Nature of the Mining Industry
3.1.2.1 High Purchase Cost and Limited Inflow of FDI in the Mining Sectors in Emerging Economies
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players

Chapter 4 Global Large Mining Shovels (LMS) Market Analysis, by Shovel Type
4.1 Overview
4.1.1 Global LMS Market Value Share, by Shovel Type, 2017 & 2026 (Value, %)
4.1.2 Global LMS Market Value, by Shovel Type, 2016 – 2026 (US$ Bn)
4.2 Dragline Shovel
4.2.1 Global Dragline Shovel Market, 2016 – 2026 (US$ Bn)
4.3 Bucket Shovel
4.3.1 Global Bucket Shovels Market, 2016 – 2026 (US$ Bn)
4.4 Hybrid Shovel
4.4.1 Global Hybrid Shovels Market, 2016 – 2026 (US$ Bn)

Chapter 5 Global Large Mining Shovels (LMS) Market Analysis, by Power Source
5.1 Overview
5.1.1 Global LMS Market Value Share, by Power Source, 2017 & 2026 (Value, %)
5.1.2 Global LMS Market Value, by Power Source, 2016 – 2026 (US$ Bn)
5.2 Hydraulic Shovel
5.2.1 Global Hydraulic Mining Shovels Market, 2016 – 2026 (US$ Bn)
5.3 Electric Shovel
5.3.1 Global Electric Mining Shovels Market, 2016 – 2026 (US$ Bn)

Chapter 6 North America Large Mining Shovels (LMS) Market Analysis
6.1 Overview
6.1.1 North America LMS Market Value, 2016-2026, (US$ Bn)
6.2 North America LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
6.2.1 Comparative Analysis
6.3 North America LMS Market Analysis, by Power Source, 2016 – 2026 (US$ Bn)
6.3.1 Comparative Analysis
6.4 North America LMS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
6.4.1 U.S.
6.4.2 Rest of North America

Chapter 7 Europe Large Mining Shovels (LMS) Market Analysis
7.1 Overview
7.1.1 Europe LMS Market Value, 2016-2026, (US$ Bn)
7.2 Europe LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
7.2.1 Comparative Analysis
7.3 Europe LMS Market Analysis, by Power Source, 2016 – 2026 (US$ Bn)
7.3.1 Comparative Analysis
7.4 Europe LMS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Large Mining Shovels (LMS) Market Analysis
8.1 Overview
8.1.1 Asia Pacific LMS Market Value, 2016-2026, (US$ Bn)
8.2 Asia Pacific LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
8.2.1 Comparative Analysis
8.3 Asia Pacific LMS Market Analysis, by Power Source, 2016 – 2026 (US$ Bn)
8.3.1 Comparative Analysis
8.4 Asia Pacific LMS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Large Mining Shovels (LMS) Market Analysis
9.1 Overview
9.1.1 RoW LMS Market Value, 2016-2026, (US$ Bn)
9.2 RoW LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
9.2.1 Comparative Analysis
9.3 RoW LMS Market Analysis, by Power Source, 2016 – 2026 (US$ Bn)
9.3.1 Comparative Analysis
9.4 RoW LMS Market Analysis, by Country, 2016 – 2026 (US$ Bn)
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America

Chapter 10 Company Profiles
10.1 Caterpillar Inc.
10.2 Hitachi Construction Machinery Co. Ltd.
10.3 Volvo Construction Equipment
10.4 Komatsu Limited
10.5 Metso Corporation
10.6 JCB Ltd.
10.7 Sandvik AB
10.8 Zhengzhou Coal Mining Machinery Group Co. Limited
10.9 China National Coal Mining Equipment Co. Ltd.
10.10 Boart Longyear Ltd.

* LMS - Large Mining Shovels

FIG. 1 : Global Large Mining Shovels (LMS) Market: Research Methodology
FIG. 2 : Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 : Global LMS Market Segmentation
FIG. 4 : Global LMS Market, by Shovel Type, 2017 (US$ Bn)
FIG. 5 : Global LMS Market, by Power Source, 2017 (US$ Bn)
FIG. 6 : Global LMS Market, by Geography, 2017 (US$ Bn)
FIG. 7 : Global LMS Market Value and Growth, 2016 – 2026, (US$ Bn)
FIG. 8 : See-Saw Analysis: Global LMS Market
FIG. 9 : Attractive Investment Proposition, by Geography, 2017
FIG. 10 : Global Market Positioning of Key LMS Companies, 2017
FIG. 11 : Global LMS Market Value Share, by Shovel Type, 2017 & 2026 (Value, %)
FIG. 12 : Global Dragline Shovel Market, 2016 – 2026 (US$ Bn)
FIG. 13 : Global Bucket Shovels Market, 2016 – 2026 (US$ Bn)
FIG. 14 : Global Hybrid Shovels Market, 2016 – 2026 (US$ Bn)
FIG. 15 : Global LMS Market Value Share, by Power Source, 2017 & 2026 (Value, %)
FIG. 16 : Global Hydraulic Mining Shovels Market, 2016 – 2026 (US$ Bn)
FIG. 17 : Global Electric Mining Shovels Market, 2016 – 2026 (US$ Bn)
FIG. 18 : North America LMS Market Value, 2016-2026, (US$ Bn)
FIG. 19 : U.S. LMS Market Value, 2016-2026, (US$ Bn)
FIG. 20 : Rest of North America LMS Market Value, 2016-2026, (US$ Bn)
FIG. 21 : Europe LMS Market Value, 2016-2026, (US$ Bn)
FIG. 22 : U.K. LMS Market Value, 2016-2026, (US$ Bn)
FIG. 23 : Germany LMS Market Value, 2016-2026, (US$ Bn)
FIG. 24 : France LMS Market Value, 2016-2026, (US$ Bn)
FIG. 25 : Rest of Europe LMS Market Value, 2016-2026, (US$ Bn)
FIG. 26 : Asia Pacific LMS Market Value, 2016-2026, (US$ Bn)
FIG. 27 : China LMS Market Value, 2016-2026, (US$ Bn)
FIG. 28 : Japan LMS Market Value, 2016-2026, (US$ Bn)
FIG. 29 : India LMS Market Value, 2016-2026, (US$ Bn)
FIG. 30 : Rest of Asia Pacific LMS Market Value, 2016-2026, (US$ Bn)
FIG. 31 : RoW LMS Market Value, 2016-2026, (US$ Bn)
FIG. 32 : Middle East & Africa (MEA) LMS Market Value, 2016-2026, (US$ Bn)
FIG. 33 : Latin America LMS Market Value, 2016-2026, (US$ Bn)

TABLE 1 : Market Snapshot: Global Large Mining Shovels (LMS) Market Value
TABLE 2 : Impact Indicators
TABLE 3 : Impact Analysis of Drivers and Restraints
TABLE 4 : Global LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
TABLE 5 : Global LMS Market, by Power Source, 2016 – 2026 (US$ Bn)
TABLE 6 : North America LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
TABLE 7 : North America LMS Market, by Power Source, 2016 – 2026 (US$ Bn)
TABLE 8 : Europe LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
TABLE 9 : Europe LMS Market, by Power Source, 2016 – 2026 (US$ Bn)
TABLE 10 : Asia Pacific LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
TABLE 11 : Asia Pacific LMS Market, by Power Source, 2016 – 2026 (US$ Bn)
TABLE 12 : RoW LMS Market, by Shovel Type, 2016 – 2026 (US$ Bn)
TABLE 13 : RoW LMS Market, by Power Source, 2016 – 2026 (US$ Bn)
TABLE 14 : Caterpillar Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 : Hitachi Construction Machinery Co. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 : Volvo Construction Equipment: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 : Komatsu Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 : Metso Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 : JCB Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 : Sandvik AB: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 : Zhengzhou Coal Mining Machinery Group Co. Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 : China National Coal Mining Equipment Co. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 : Boart Longyear Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

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