Global Mining Equipment Rental Market 2017-2021

  • ID: 4395275
  • Report
  • Region: Global
  • 95 pages
  • TechNavio
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FEATURED COMPANIES

  • AMECO
  • Caterpillar
  • Eqstra
  • Hertz Equipment Rental
  • McDowell
  • Sunbelt Rentals
  • MORE
About Mining Equipment Rental

Mining equipment is used to extract natural resources such as coal, metals, and minerals. Some of the minerals and metals extracted include iron ore, bauxite, titanium, copper, gold, platinum, sand, gravel, salt, and other non-metallic products. Rental mining equipment constitutes a significant share of the global mining equipment market. The high cost of capital, maintenance cost, and overhead cost attached with the ownership of mining equipment have compelled end-users to rent mining equipment instead.

The analysts forecast the global mining equipment rental market to grow at a CAGR of 3.77% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mining equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Mining Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco
  • Caterpillar
  • Hertz Equipment Rental
  • Komatsu
  • Sunbelt Rentals
Other prominent vendors
  • AMECO
  • EMECO
  • Eqstra
  • H&E Equipment Services
  • McDowell
  • United Mining Rentals
  • United Rentals
  • SMS Rental
Market drivers
  • Rental advantages of mining equipment
  • For a full, detailed list, view the full report
Market challenges
  • CAPEX depreciation in the mining industry
  • For a full, detailed list, view the full report
Market trends
  • Emergence of deepsea mining
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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FEATURED COMPANIES

  • AMECO
  • Caterpillar
  • Eqstra
  • Hertz Equipment Rental
  • McDowell
  • Sunbelt Rentals
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by equipment type
  • Global mining equipment rental market by equipment type
  • Global surface mining equipment rental market
  • Global underground mining rental market
  • Global crushing, pulverizing, and screening equipment rental market
  • Global mining drills and breakers equipment rental market segment
  • Global mineral processing machinery rental market
PART 07: Market segmentation by application
  • Global mining equipment rental market by application
  • Global mining equipment rental market by coal mining
  • Global mining equipment rental market by metal mining
  • Global mining equipment rental market by mineral mining
PART 08: Geographical segmentation
  • Global mining equipment rental market by geography
  • Mining equipment rental market in APAC
  • Mining equipment rental market in Americas
  • Mining equipment rental market in EMEA
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Emergence of deepsea mining
  • Digitization of mining activities
  • Tracking technology and fleet management applications and software
PART 12: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 13: Key vendor analysis
  • Atlas Copco
  • Caterpillar
  • Hertz Equipment Rental
  • Komatsu
  • Sunbelt Rentals
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Segmentation of global mining equipment rental market
Exhibit 02: Global mining equipment rental market 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global mining equipment rental market by equipment type 2016 and 2021 (%)
Exhibit 05: Global surface mining equipment rental market 2016-2021 ($ billions)
Exhibit 06: Major open-pit mines worldwide
Exhibit 07: Global underground mining rental market 2016-2021 ($ billions)
Exhibit 08: Major underground mines worldwide
Exhibit 09: Global crushing, pulverizing, and screening equipment rental market 2016-2021 ($ billions)
Exhibit 10: The global mining drills and breakers equipment rental market 2016-2021 ($ billions)
Exhibit 11: The global mineral processing machinery rental market 2016-2021 ($ billions)
Exhibit 12: Global mining equipment rental market by application 2016 and 2021 (%)
Exhibit 13: The global mining equipment rental market by the coal mining 2016-2021 ($ billions)
Exhibit 14: The global mining equipment rental market by metal mining 2016-2021 ($ billions)
Exhibit 15: The global mining equipment rental market by mineral mining 2016-2021 ($ billions)
Exhibit 16: Global mining equipment rental market by geography 2016 and 2021 (%)
Exhibit 17: Mining equipment rental market in APAC 2016-2021 ($ billions)
Exhibit 18: Mining equipment rental market in Americas 2016-2021 ($ billions)
Exhibit 19: Mining equipment rental market in EMEA 2016-2021 ($ billions)
Exhibit 20: Key vendor offerings
Exhibit 21: Recent developments
Exhibit 22: Key vendor offerings
Exhibit 23: Recent developments
Exhibit 24: Key vendor offerings
Exhibit 25: Recent developments
Exhibit 26: Key vendor offerings
Exhibit 27: Recent developments
Exhibit 28: Sunbelt Rentals: Product offerings
Exhibit 29: Recent developments
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FEATURED COMPANIES

  • AMECO
  • Caterpillar
  • Eqstra
  • Hertz Equipment Rental
  • McDowell
  • Sunbelt Rentals
  • MORE
New Report Released: - Global Mining Equipment Rental Market 2017-2021

The author of the report recognizes the following companies as the key players in the global mining equipment rental market: Atlas Copco, Caterpillar, Hertz Equipment Rental, Komatsu, and Sunbelt Rentals.

Other Prominent Vendors in the market are: AMECO, EMECO, Eqstra, H&E Equipment Services, McDowell, United Mining Rentals, United Rentals, and SMS Rental.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Emergence of deepsea mining. Onshore mineral rich mines are nearing exhaustion, which has shifted the focus on offshore mining activities. The seabed is rich in mineral content, and deepwater mining is not as new as it seems. The oil and natural gas industry has forayed into such mining activities long ago and has already recognized deepwater and ultra-deepwater as mainstream oil extraction activity. Now, the mineral mining industry is following suit. The bottom of the ocean is rich in precious metals and other resources, including diamonds, gold, and cobalt. This makes it crucial to develop technology that can facilitate deepsea mining to cater to the increasing demand for minerals and metals.”

According to the report, one of the major drivers for this market is Rental advantages of mining equipment. Companies that function in a specific industry are business rivals and will seek to out space the others in a bid to obtain the largest market share. This is possible if a business is successful in formulating a potent pricing strategy, which involves poring over balance sheets and other aspects of the business to devise an effective budgetary control. It has been evaluated that significant cost savings can be achieved if equipment, for the purpose of mining, are taken on rent instead of being purchased. Renting mining equipment for short-term projects has turned out to be an economical move.

Further, the report states that one of the major factors hindering the growth of this market is CAPEX depreciation in the mining industry. Many mining companies have delayed the investments in new mining projects due to decline in commodity prices. The prices of aluminum, coal, copper, and iron ore have been declining for the past few years. Exploration is considered to be the lifeline for any mining project. But due to high volatility in commodity prices, the investments toward exploration activities have reduced considerably.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Atlas Copco
  • Caterpillar
  • Hertz Equipment Rental
  • Komatsu
  • Sunbelt Rentals
  • AMECO
  • EMECO
  • Eqstra
  • H&E Equipment Services
  • McDowell
  • United Mining Rentals
  • United Rentals
  • SMS Rental
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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