The Parker Bay Company specializes in providing individualized market research, marketing database development, customer surveys, business planning and related consulting work for companies in the surface/open pit mining, mining equipment industries.
One of the specialties of The Parker Bay Company is a unique database that identifies the location of more than 70,000 large pieces of surface mining equipment in current operation at large surface mines worldwide. It is both mine- and machine-specific, identifying mines that operate large haul trucks, electric mining shovels, hydraulic shovels/excavators, wheel loaders, draglines, crawler and wheel dozers, drills, and motor graders.
Discover the location of over
|Extensive data on over 1,400 active surface mines worldwide and mining equipment valued at more than US $150 billion. This information resource is available to clients through a carefully controlled subscription service with numerous options depending on the level of detail and analysis required.|
Mining Equipment Market Closes 2015 at 10-Year Low (February 15, 2016)
Measured in dollar value of equipment, fourth quarter deliveries declined an additional 4.5% from the 3rd quarter and 26% year-over-year. That means current shipments are nearly 75% lower than the cyclical high reached in the first quarter of 2012. But while the total value of equipment deliveries continued to fall, units shipped actually rose by more than 6% in the 4th quarter. This divergence is the result of both an uptick in the smallest size classes, particularly trucks and dozers, and a further deterioration of deliveries of the largest trucks, electric shovels and hydraulic excavators.
As we’ve mentioned previously, the larger size classes tend to lag a couple quarters behind their smaller counterparts in the overall market cycle. But while an increase in unit shipments is promising, we do not appear to be on the cusp of a strong recovery. More likely the mining equipment market has reached the point where mines can’t further delay the replacement of aging fleets. This replacement demand should at least put a floor on machine shipments in the short term and act as the primary driver for a return to growth in the coming years.
Parker Bay’s recently released “”Market Analysis and Forecast Loading & Haulage Equipment” analyzes the historical evolution of the market and the current conditions facing the sector and forecasts the demand for equipment through 2020 by region, mineral and size class.
Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q4 2015.