Market Overview:
The global mining locomotive market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for coal and other minerals across the globe. In addition, rising investments in mining projects are also contributing to the growth of this market. The global mining locomotive market is segmented on the basis of type, application, and region. On the basis of type, it is divided into steam mining locomotive, electric mining locomotive, and diesel mining locomotive. Electric Mining Locomotives are further classified as AC electric Mining Locomotives and DC electric Mining Locomotives while diesel-electric Mining locos are powered by an on-board diesel engine that drives an alternator which provides power to traction motors connected directly or through a gearbox to axles or wheels). By application, it is segmented into underground mining and open castmining segments respectively). Regionally speaking North America dominates with highest share followed by Europe Asia Pacific etc.).
Product Definition:
A Mining locomotive is a railway locomotive used in the mining industry to move coal and other mineral resources.
Steam Mining Locomotive:
A steam locomotive is a railway vehicle that is propelled by steam power. Steam locomotives are generally used for passenger transport, although some have been used for freight transport. While some modern locomotives burn oil or diesel fuel, the majority of historical locomotives burned coal gas (carbon monoxide) or wood as their fuel source. The type of engine employed by a particular railroad depends on the terrain over which it is to be operated and the maximum load that can be carried.
Electric Mining Locomotive:
Electric mining locomotive is a self-propelled machine used for mining. It is also known as an electric traction engine which can be used in both underground and open cut mines. The demand for these machines has been on the rise owing to the technological advancements, increasing focus on mineral extraction, and rising investments in various countries including India, China, Brazil and South Africa among others.
The global electric mining locomotive market size was valued at USD 2.87 billion in 2016.
Application Insights:
The underground mining application segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth on account of increasing demand for coal, metal and other minerals from various industries including steel, energy, construction and transportation. In addition, factors such as low cost land & labor along with technological advancements are anticipated to propel industry growth over the forecast period.
Open-cast mining application is projected to expand at a CAGR of XX% from 2018 to 2030 owing to high capital investments by governments across various countries in order to meet growing demand for industrial minerals including copper (Chile), zinc (Malaysia) and gold (Peru). Moreover, favorable government policies regarding tax holidays that encourage foreign companies operating within the country will also drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global mining locomotive market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing investments in mineral processing plants, rising demand for metal resources, and growing need for transportation of minerals across various mines. China is one of the largest consumers of mining equipment globally owing to rapid development in its mineral sector.
The European region accounted for a significant share due to high demand from countries such as Germany, France, Italy, UK and Russia which are majorly driven by industrial applications of these machines rather than military or civil applications as observed in Asia Pacific region. The North America regional market also has a considerable growth opportunity due to increasing exploration activities coupled with government support aimed at boosting domestic production levels associated with rail equipment manufacturing industry within U.S.
Growth Factors:
- Increasing demand for metals and minerals from various industries
- Growing urbanization and industrialization in developing countries
- Rising investment in mining sector by public and private players
- Technological advancements in mining locomotive industry
- Stringent government regulations for safety and environment
Scope Of The Report
Report Attributes
Report Details
Report Title
Mining Locomotive Market Research Report
By Type
Steam Mining Locomotive, Electric Mining Locomotive, Diesel Mining Locomotive
By Application
Underground Mining, Open-Cast Mining
By Companies
Irwin Car and Equipment, CRRC Group, Alstom, Siemens, Xiangtan Electric Locomotive Factory, China Railway Baoji Machinery, TridentGroup, AEG Power Solutions, Hitachi, Bombardier Transportation, Jining Enwei Intelligent Technology
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Mining Locomotive Market Report Segments:
The global Mining Locomotive market is segmented on the basis of:
Types
Steam Mining Locomotive, Electric Mining Locomotive, Diesel Mining Locomotive
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
Underground Mining, Open-Cast Mining
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:
- Irwin Car and Equipment
- CRRC Group
- Alstom
- Siemens
- Xiangtan Electric Locomotive Factory
- China Railway Baoji Machinery
- TridentGroup
- AEG Power Solutions
- Hitachi
- Bombardier Transportation
- Jining Enwei Intelligent Technology
Highlights of The Mining Locomotive 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:
- Steam Mining Locomotive
- Electric Mining Locomotive
- Diesel Mining Locomotive
- By Application:
- Underground Mining
- Open-Cast Mining
- 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 Locomotive 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.
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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?
A mining locomotive is a type of steam locomotive used in coal mines.
Some of the key players operating in the mining locomotive market are Irwin Car and Equipment, CRRC Group, Alstom, Siemens, Xiangtan Electric Locomotive Factory, China Railway Baoji Machinery, TridentGroup, AEG Power Solutions, Hitachi, Bombardier Transportation, Jining Enwei Intelligent Technology.
The mining locomotive market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mining Locomotive Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mining Locomotive Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mining Locomotive Market - Supply Chain
4.5. Global Mining Locomotive Market Forecast
4.5.1. Mining Locomotive Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mining Locomotive Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mining Locomotive Market Absolute $ Opportunity
5. Global Mining Locomotive Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mining Locomotive Market Size and Volume Forecast by Type
5.3.1. Steam Mining Locomotive
5.3.2. Electric Mining Locomotive
5.3.3. Diesel Mining Locomotive
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mining Locomotive Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mining Locomotive Market Size and Volume Forecast by Application
6.3.1. Underground Mining
6.3.2. Open-Cast Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mining Locomotive Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mining Locomotive Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mining Locomotive Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mining Locomotive Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mining Locomotive Demand Share Forecast, 2019-2026
9. North America Mining Locomotive Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mining Locomotive Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mining Locomotive Market Size and Volume Forecast by Application
9.4.1. Underground Mining
9.4.2. Open-Cast Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mining Locomotive Market Size and Volume Forecast by Type
9.7.1. Steam Mining Locomotive
9.7.2. Electric Mining Locomotive
9.7.3. Diesel Mining Locomotive
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mining Locomotive Demand Share Forecast, 2019-2026
10. Latin America Mining Locomotive Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mining Locomotive Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mining Locomotive Market Size and Volume Forecast by Application
10.4.1. Underground Mining
10.4.2. Open-Cast Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mining Locomotive Market Size and Volume Forecast by Type
10.7.1. Steam Mining Locomotive
10.7.2. Electric Mining Locomotive
10.7.3. Diesel Mining Locomotive
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mining Locomotive Demand Share Forecast, 2019-2026
11. Europe Mining Locomotive Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mining Locomotive Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mining Locomotive Market Size and Volume Forecast by Application
11.4.1. Underground Mining
11.4.2. Open-Cast Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mining Locomotive Market Size and Volume Forecast by Type
11.7.1. Steam Mining Locomotive
11.7.2. Electric Mining Locomotive
11.7.3. Diesel Mining Locomotive
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mining Locomotive Demand Share, 2019-2026
12. Asia Pacific Mining Locomotive Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mining Locomotive Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mining Locomotive Market Size and Volume Forecast by Application
12.4.1. Underground Mining
12.4.2. Open-Cast Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mining Locomotive Market Size and Volume Forecast by Type
12.7.1. Steam Mining Locomotive
12.7.2. Electric Mining Locomotive
12.7.3. Diesel Mining Locomotive
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mining Locomotive Demand Share, 2019-2026
13. Middle East & Africa Mining Locomotive Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mining Locomotive Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mining Locomotive Market Size and Volume Forecast by Application
13.4.1. Underground Mining
13.4.2. Open-Cast Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mining Locomotive Market Size and Volume Forecast by Type
13.7.1. Steam Mining Locomotive
13.7.2. Electric Mining Locomotive
13.7.3. Diesel Mining Locomotive
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mining Locomotive Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mining Locomotive Market: Market Share Analysis
14.2. Mining Locomotive Distributors and Customers
14.3. Mining Locomotive Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Irwin Car and Equipment
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CRRC Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alstom
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xiangtan Electric Locomotive Factory
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. China Railway Baoji Machinery
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TridentGroup
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AEG Power Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hitachi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bombardier Transportation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jining Enwei Intelligent Technology
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
