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 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.|
For Mining Equipment Markets Worldwide: The Worst May Be Over. (November 11, 2014)
After two and a half years in decline, the mining equipment market turned up slightly in the third quarter. Unit deliveries were 12% higher than 2Q though the increase on a value-weighted basis was less than half a percent. As can be surmised, shipments of the very largest machines continued downward for the most part with growth coming from the smaller size classes. Larger equipment classes typically lag some months behind in the cycle so increasing value as well as unit volume could characterize coming quarterly deliveries.
Deliveries to copper mines were down nearly 50% from 2Q to 3Q after faring best among mineral classes through the downturn through June. While coal and gold mines, where equipment deliveries fell more than 80% in the past two and a half years, both appear to have bottomed out or even turned up slightly. Replacement demand is likely a major factor in recent quarters with no new operations taking equipment in 3Q. While the need to replace the growing number of older units could boost deliveries further, stronger mineral market conditions will be needed to drive a healthy recovery.
Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q3 2014.