(Minews) - The mining and construction equipment sector is forecast to climb 9.3% per year until 2018, according to the latest report from ReportsnReports - Construction and Mining Machinery Markets in the World to 2018 - Market Size, Trends, and Forecasts.
The report says that between 2007 and 2013 the market increased with average annual growth of hitting 10.5% per year.
Currently, excavators, shovel loaders, and mechanical shovels account for 22.9% of the global demand while the remaining market share is divided between off-highway dumpers (7%), mineral, stone and ore screening, sorting, separating, washing, grinding, crushing, kneading and mixing equipment (6.4%).
Bulldozers and angledozers (2.9%), self-propelled graders and levellers (2%), rock/coal cutters and tunnelling machinery (1.9%), self-propelled road rollers and tamping machines (19.%), track-laying tractors (crawlers) (1%), mortar and concrete mixers (0.9%), pile-extractors and pile-drivers (0.4%), scrapers (0.3%), mine elevators and conveyors (0.2%) and other construction and mining equipment (15.4%) make up the rest of the market, with parts for both mining and construction equipment parts accounting for 36.9% of the demand.
Australia, Canada, China, Japan, and the US represent the largest construction and mining equipment markets, while the strongest annual growth is forecast to occur in Greece (20.6%), Latvia (20.3%), Portugal (19.1%), Ireland (17.5%), and Turkey (15.9%).
The report also provides country breakdowns for Argentina, Armenia, Australia, Austria, Azerbaijan, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Norway, Oman, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Thailand, Turkey, Ukraine, the UK, the US and Vietnam.
The report includes historic market data from 2007 to 2013 and forecasts until 2018. Market data for the report includes: overall construction and mining machinery market size, 2007-2018; construction and mining machinery market size by machinery type, 2007-2018; growth rates of the overall construction and mining machinery market and different machinery types, 2007-2018; hares of different machinery types of the overall construction and mining machinery market, 2007, 2013 and 2018; and market potential rates of the overall construction and mining machinery market and different machinery types.
Equipment types covered by the report includes: excavators and shovels; front end shovel loaders; crawler bulldozers and angledozers; wheeled bulldozers and angledozers; graders and levellers (self-propelled); scrapers; road rollers and tamping machines (self-propelled); track-laying tractors (crawlers); mortar and concrete mixers; off-highway dumpers; mine elevators and conveyors; pile-extractors and pile-drivers; grinding and crushing machinery (mineral, stone, ore); mineral kneading and mixing machinery; screening, sorting, separating and washing machinery for (mineral, stone, ore); rock/coal cutters and tunnelling machinery (self-propelled); bulldozer and angledozer blades; and parts of sinking and boring machinery.
