Market Overview:
The global mining equipment rental market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renting mining equipment due to the advantages it offers over buying such equipment. Renting mining equipment is more economical and efficient as it helps in reducing capital expenditure and allows companies to focus on their core business activities. Moreover, renting also enables companies to test new technologies and equipments before making an investment in them. The surface mining equipment segment is expected to dominate the global mining equipment rental market during the forecast period, owing to its high demand in coal, metal, and mineral mines across regions.
Product Definition:
Mining equipment rental is a service that provides heavy machinery and equipment to the mining industry. This type of service is important because it allows companies to have access to the necessary tools they need in order to conduct their operations. Mining equipment rental also helps companies save money, as they do not have to purchase the machinery themselves.
Surface Mining Equipment:
Surface mining equipment is used to extract valuable minerals and rocks from the earth's surface. It includes dragline excavators, Caterpillar (tractor) type equipment, and others. The growth factor in the market is high demand for rental services as these are highly capital intensive with a long lifespan. Also, there has been an increase in demand for onsite production over offsite due to reduced lead time on projects along with improved safety and lower costs involved.
Crushing Equipment:
Crushing equipment is used in mining for the process of making rocks into smaller pieces so that they can be easily transported. The crushing equipment are made up of different parts including feeder, cone, hammer, screen and others. In some cases; the crushing machine also includes a pulverizer and milling device.
Application Insights:
Coal mining was the largest application segment in 2017 and accounted for a revenue share of over 50.0% in 2018. The growth can be attributed to the increasing demand for coal across various regions, including Asia Pacific and Europe. China is one of the largest coal producers which is also a major consumer of mining equipment for this resource. Due to rapid industrialization, especially during past two decades, the demand has increased exponentially with no signs of decline even after year 2050 when China will have finished its mine production goal set by itself according to its own plan (30 years time).
The metal mines were another significant segment accounting for revenue share valued at around 24.1% in 2018 owing to rising investments from countries like Australia, Brazil, Canada Chile New Zealand Peru Russia South Africa Spain United States looking towards extraction of different metals such as copper zinc silver.
Regional Analysis:
Asia Pacific dominated the global mining equipment rental market in 2016 with a revenue share of over 42%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing metal and mineral production in China, India, Australia, and New Zealand. Moreover, rising demand for coal mining equipment due to growing electricity needs will drive regional growth.
The Asia Pacific was followed by North America with a share of around 20% in 2016 owing to higher mineral processing capacities across U.S., Canada, Brazil and Mexico as compared to other regions’ processing capacities.
Europe is also likely witness significant growth over the next eight years owing both metals & minerals (particularly iron ore) as well as energy sectors (particularly natural gas).
Growth Factors:
- Increasing demand for mining equipment rental services from the construction and infrastructure sectors.
- Rapid growth in the number of small-scale miners across the world.
- Rising prices of mineral resources and metals worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mining Equipment Rental Market Research Report
By Type
Surface Mining Equipment, Crushing Equipment, Underground Mining Equipment, Blasting Tools, Others
By Application
Coal Mining, Metal Mining, Mineral Mining, Others
By Companies
Komatsu Ltd, United Mining Rentals., Caterpillar, Atlas Copco AB, Emeco Holdings Limited, Herc Rentals, MS Mining Services, American Equipment Company, Inc., Tim McDowell Equipment Ltd, Equipment Services, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Mining Equipment Rental Market Report Segments:
The global Mining Equipment Rental market is segmented on the basis of:
Types
Surface Mining Equipment, Crushing Equipment, Underground Mining Equipment, Blasting Tools, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coal Mining, Metal Mining, Mineral Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Komatsu Ltd
- United Mining Rentals.
- Caterpillar
- Atlas Copco AB
- Emeco Holdings Limited
- Herc Rentals
- MS Mining Services
- American Equipment Company, Inc.
- Tim McDowell Equipment Ltd
- Equipment Services, Inc.
Highlights of The Mining Equipment Rental Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Surface Mining Equipment
- Crushing Equipment
- Underground Mining Equipment
- Blasting Tools
- Others
- By Application:
- Coal Mining
- Metal Mining
- Mineral Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mining Equipment Rental Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mining equipment rental is the process of renting mining equipment from a mining company or individual. The purpose of this type of rental is to allow miners to access the necessary tools and machines in order to extract valuable minerals and metals from the earth.
Some of the key players operating in the mining equipment rental market are Komatsu Ltd, United Mining Rentals., Caterpillar, Atlas Copco AB, Emeco Holdings Limited, Herc Rentals, MS Mining Services, American Equipment Company, Inc., Tim McDowell Equipment Ltd, Equipment Services, Inc..
The mining equipment rental market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mining Equipment Rental Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mining Equipment Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mining Equipment Rental Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mining Equipment Rental Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mining Equipment Rental Market Size & Forecast, 2018-2028
4.5.1 Mining Equipment Rental Market Size and Y-o-Y Growth
4.5.2 Mining Equipment Rental Market Absolute $ Opportunity
Chapter 5 Global Mining Equipment Rental Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Mining Equipment Rental Market Size Forecast by Type
5.2.1 Surface Mining Equipment
5.2.2 Crushing Equipment
5.2.3 Underground Mining Equipment
5.2.4 Blasting Tools
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mining Equipment Rental Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Mining Equipment Rental Market Size Forecast by Applications
6.2.1 Coal Mining
6.2.2 Metal Mining
6.2.3 Mineral Mining
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mining Equipment Rental Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mining Equipment Rental Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Mining Equipment Rental Analysis and Forecast
9.1 Introduction
9.2 North America Mining Equipment Rental Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Mining Equipment Rental Market Size Forecast by Type
9.6.1 Surface Mining Equipment
9.6.2 Crushing Equipment
9.6.3 Underground Mining Equipment
9.6.4 Blasting Tools
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Mining Equipment Rental Market Size Forecast by Applications
9.10.1 Coal Mining
9.10.2 Metal Mining
9.10.3 Mineral Mining
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Mining Equipment Rental Analysis and Forecast
10.1 Introduction
10.2 Europe Mining Equipment Rental Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Mining Equipment Rental Market Size Forecast by Type
10.6.1 Surface Mining Equipment
10.6.2 Crushing Equipment
10.6.3 Underground Mining Equipment
10.6.4 Blasting Tools
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Mining Equipment Rental Market Size Forecast by Applications
10.10.1 Coal Mining
10.10.2 Metal Mining
10.10.3 Mineral Mining
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Mining Equipment Rental Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mining Equipment Rental Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Mining Equipment Rental Market Size Forecast by Type
11.6.1 Surface Mining Equipment
11.6.2 Crushing Equipment
11.6.3 Underground Mining Equipment
11.6.4 Blasting Tools
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Mining Equipment Rental Market Size Forecast by Applications
11.10.1 Coal Mining
11.10.2 Metal Mining
11.10.3 Mineral Mining
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Mining Equipment Rental Analysis and Forecast
12.1 Introduction
12.2 Latin America Mining Equipment Rental Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Mining Equipment Rental Market Size Forecast by Type
12.6.1 Surface Mining Equipment
12.6.2 Crushing Equipment
12.6.3 Underground Mining Equipment
12.6.4 Blasting Tools
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Mining Equipment Rental Market Size Forecast by Applications
12.10.1 Coal Mining
12.10.2 Metal Mining
12.10.3 Mineral Mining
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Mining Equipment Rental Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mining Equipment Rental Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Mining Equipment Rental Market Size Forecast by Type
13.6.1 Surface Mining Equipment
13.6.2 Crushing Equipment
13.6.3 Underground Mining Equipment
13.6.4 Blasting Tools
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Mining Equipment Rental Market Size Forecast by Applications
13.10.1 Coal Mining
13.10.2 Metal Mining
13.10.3 Mineral Mining
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mining Equipment Rental Market: Competitive Dashboard
14.2 Global Mining Equipment Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Komatsu Ltd
14.3.2 United Mining Rentals.
14.3.3 Caterpillar
14.3.4 Atlas Copco AB
14.3.5 Emeco Holdings Limited
14.3.6 Herc Rentals
14.3.7 MS Mining Services
14.3.8 American Equipment Company, Inc.
14.3.9 Tim McDowell Equipment Ltd
14.3.10 Equipment Services, Inc.
