Recent Events

Fifth Consecutive Quarter of Growth (November 6, 2017)

Third quarter deliveries continued the trend that started in the third quarter of 2016 and reinforce the many other indications of a sustained and growing recovery and expansion of mining and equipment markets worldwide. Although not every market segment expanded during Q3, the overall market increase by approximately 11% vs. the very strong gains recorded during Q2. And when comparing these latest shipments to those of a year ago, the gain is an impressive 83% (number of units). Mining trucks, by far the largest product sector, increase by nearly 20%, surpassing 600 unit deliveries for first time since Q2 2013. The gains recorded by manufacturers of excavators/loaders were even stronger during Q3 (+43%) after lagging behind truck shipments during earlier stages of this expansion phase. But in contrast, crawler and wheel dozer shipments lagged these primary production products with shipments contracting by 17% vs. Q2 and up just 6% year-over-year. This latest result may be anomalous and could represent a need for miners to focus their still restrained capex on those products essential to maintaining and growing mineral output. We would expect a recovery and acceleration in dozer deliveries in the near future.

Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q3 2017.