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 Continues to Decline (May 9, 2016)
The value of shipments declined again in the first quarter of the year by nearly 9%; and across all product lines, measured by units delivered, by a substantial 17% from Q4 2015. The large discrepancy between the two owing to some gains among the largest trucks and shovels. The decline was not uniform by product, market or manufacturer and quarter-to-quarter changes may not be representative of longer-term market shares but the cumulative results are nevertheless discouraging.
With the total now below 500 units, follow-up reporting by participating manufacturers may change the magnitude of the decline by a greater percentage than when the totals were much higher at the peak. But it seems likely that whatever further reporting may occur, the market contracted yet again. Given the severe contraction that has already occurred, the decline in shipments is fewer than 100 units and a small percentage of the peak levels. But the successive quarterly declines over the past four years brings the cumulative reduction in deliveries to more than 75%. By way of comparison, we calculated the comparable contraction during the last cycle that began in the late-1990’s and it was just under 40%. There are some changes in the level of product and geographic coverage between these two time-frames, but there’s little doubt that the current decline is far more severe than the last one.
Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q1 2016.