Global Large Mining Shovels Market Size, Share, Trends, Industry Growth by Type (Dragline, Bucket, Hybrid), by Power Source (Hydraulic, Electric), and Forecast to 2027
Report ID: RCMA307 | Report Format: PDF + Excel | Starting Price: 2680/- USD |The global large mining shovels market size is accounted to grow at a significant CAGR of around 3% during the forecast period 2021 to 2027. The increasing demand for minerals and metals around the world is a primary factor to drive the market growth. Furthermore, the steady expansion of the mining industry and the increasing demand from the oil and gas industry are further anticipated to boost the market growth. The rising demand for quick extraction of minerals and ores has created an imperative need for soil loading and excavation which is anticipated to increase the demand for the product. In addition, the stringent government regulations to use advanced machinery and electrical shovels are anticipated to fuel the market.
Market Segment Insights:
The global large mining shovels market is bifurcated into type, power source, and geography. On the basis of type, the market is further segmented into dragline, bucket, and hybrid shovel. The bucket shovels segment is expected to grow at a significant growth rate as compared to the dragline shovels. The larger size and high cost associated with the dragline shovels as compared to bucket shovels is a major factor to increase the demand for bucket shovels. Furthermore, the complex transportation of the dragline shovels is expected to give space to bucket shovels. In contrast, the hybrid shovels segment is accounted to grow at the highest CAGR over the forecast period.
On the basis of power source, the market is segmented into hydraulic and electric shovels. The hydraulic shovel segment dominated the global large mining shovels market in 2020. However, the increasing environmental concerns are anticipated to increase the demand for electric shovels. Furthermore, the electric shovels segment is accounted to grow at the fastest growth rate over the forecast period. The growing shift towards electric shovel of mining companies and contractors is anticipated to drive the segment growth.
The large mining shovels comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The large mining shovels market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2018-19 – Historical Year
- 2020 – Base Year
- 2021-2027 – Forecast Period
Global Large Mining Shovels Market Segmentation:
By Type:
- Dragline Shovel
- Bucket Shovel
- Hybrid Shovel
By Power Source:
- Hydraulic Shovel
- Electric Shovel
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Large Mining Shovels Market: Geographic Coverage
Geographically, the large mining shovels market report comprises dedicated sections centering on the regional market revenue and trends. The large mining shovels market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The large mining shovels market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Large mining shovels market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.
Large Mining Shovels Market: Competition Assessment
Some of the leading market players operating in the global large mining shovels market are JCB Ltd., Volvo Construction Equipment, Hitachi Construction Machinery Co. Ltd., Caterpillar Inc., and Komatsu Limited. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
List of Key Companies:
- JCB Ltd.
- Volvo Construction Equipment
- Hitachi Construction Machinery Co. Ltd.
- Caterpillar Inc.
- Komatsu Limited
- China National Coal Mining Equipment Co. Ltd.
- Sandvik AB
- Zhengzhou Coal Mining Machinery Group Co. Limited
- Metso Corporation
- Boart Longyear Ltd.
Key Questions Answered by Large Mining Shovels Market Report
- Global large mining shovels market forecasts from 2021-2027
- Regional large mining shovels market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
- Large mining shovels submarket forecasts from 2021-2027 covering the market by type, by power source, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis pertaining to large mining shovels market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level large mining shovels markets from 2021-2027
- Competitive Landscape and market positioning of top 10 players operating in the large mining shovels market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Large Mining Shovels Market Portraiture
2.2. Global Large Mining Shovels Market, by Type, 2020 (USD Mn)
2.3. Global Large Mining Shovels Market, by Power Source, 2020 (USD Mn)
2.4. Global Large Mining Shovels Market, by Geography, 2020 (USD Mn)
3. Global Large Mining Shovels Market Analysis
3.1. Large Mining Shovels Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Large Mining Shovels Market By Type, 2018 – 2027 (USD Mn)
4.1. Overview
4.2. Dragline Shovel
4.3. Bucket Shovel
4.4. Hybrid Shovel
5. Global Large Mining Shovels Market By Power Source, 2018 – 2027 (USD Mn)
5.1. Overview
5.2. Hydraulic Shovel
5.3. Electric Shovel
6. North America Large Mining Shovels Market Analysis and Forecast, 2018 – 2027 (USD Mn)
6.1.1. Overview
6.1.2. North America Large Mining Shovels Market by Type (2018-2027 USD Mn)
6.1.3. North America Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
6.1.4. North America Large Mining Shovels Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Large Mining Shovels Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Large Mining Shovels Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
7. Europe Large Mining Shovels Market Analysis and Forecast, 2018 – 2027 (USD Mn)
7.1.1. Overview
7.1.2. Europe Large Mining Shovels Market by Type (2018-2027 USD Mn)
7.1.3. Europe Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
7.1.4. Europe Large Mining Shovels Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Large Mining Shovels Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Large Mining Shovels Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Large Mining Shovels Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Large Mining Shovels Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Large Mining Shovels Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
8. Asia Pacific Large Mining Shovels Market Analysis and Forecast, 2018 – 2027 (USD Mn)
8.1.1. Overview
8.1.2. Asia Pacific Large Mining Shovels Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
8.1.4. Asia Pacific Large Mining Shovels Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Large Mining Shovels Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Large Mining Shovels Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Large Mining Shovels Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
9. Latin America (LATAM) Large Mining Shovels Market Analysis and Forecast, 2018 – 2027 (USD Mn)
9.1.1. Overview
9.1.2. Latin America Large Mining Shovels Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
9.1.4. Latin America Large Mining Shovels Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Large Mining Shovels Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Large Mining Shovels Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Large Mining Shovels Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
10. Middle East and Africa Large Mining Shovels Market Analysis and Forecast, 2018 – 2027 (USD Mn)
10.1.1. Overview
10.1.2. MEA Large Mining Shovels Market by Type (2018-2027 USD Mn)
10.1.3. MEA Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
10.1.4. Middle East and Africa Large Mining Shovels Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Large Mining Shovels Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Large Mining Shovels Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Large Mining Shovels Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Large Mining Shovels Market by Power Source (2018-2027 USD Mn)
11. Company Profiles
11.1. JCB Ltd.
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Volvo Construction Equipment
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Hitachi Construction Machinery Co. Ltd.
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Caterpillar Inc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Komatsu Limited
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. China National Coal Mining Equipment Co. Ltd.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Sandvik AB
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Zhengzhou Coal Mining Machinery Group Co. Limited
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Metso Corporation
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Boart Longyear Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
$ 4800/- Multi User License $ 6800/- Corporate License
- Markets in over 100+ countries analyzed granularly
- 35% of our total client are returning clients
- 1000+ customers globally
- 100+ paid data sources mined to bring cutting-edge insights
- 24x5 availability - we are always there when you need us
- "Free of Cost Report Customization" is available
- Request a regional report at Best Price
- Our expert team will assist you with all research need and customization
- Our expert research analysts will resolve your every query before and after purchasing the report
Our Clients
