Recent Events

Mining Equipment Market Expansion Continues in 2018  (May 10, 2018)

The expansion that began in the second half of 2016 continued in Q1 2018 and for the first time in nearly five years, quarterly deliveries topped 1,000 units. This represents a 15% increase over Q4 2017. But using a value-weight index, the growth was a more modest 10% vs. Q4. When combined with the gains recorded last year, the value of machines shipped in Q1 totaled nearly USD1.8 billion vs. USD1.2 billion in Q1 2017. By virtually any measure, the gains are significant and indicative of a substantial and sustained expansion cycle. Within these totals, there are significant variations. For example, mining truck shipments have increased by almost 50% over the past year; crawler and wheel dozers by just 25%. Shipments to many of the largest mines in the largest mining regions (North and Latin America, Australia) have lagged behind newer/developing sectors (Africa, Asia, Russia/CIS). Shipments to major new “greenfield” projects are rare. Mining contractors have taken delivery of a disproportionately higher share of all shipments in Q1: 25% vs. 20% of the installed population. As with any statistical series, it may be difficult assessing these changes, and judging whether they represent cyclical aberrations or more significant secular shifts in equipment markets.

Visit the Surface Mining Equipment Index page for more information on the evolution of mining equipment shipments through Q1 2018.