The mining industry requires different types of machinery and equipment to complete specific set of activities. There are numerous types of equipments including Crushing, Pulverizing, and Screening Equipment, Drills & Breakers, Mineral Processing Equipment, and several other type of equipments, which hare used for mining. Mining drills are the most common type of mining equipment and is majorly used as a part of the underground mining operation.

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The increasing government’s investment in the mining and mineral sector acts as the major factor driving the growth of the Saudi Arabia Mining Equipment Market. For instance, Saudi Vision 2030 set goals for the mining sector to contribute to the national economy. The mega projects, such as the 2750 Km North South rail line starting from Al-Jalamid mine and connects the Al-Haditha and Jalamid with the new port city Ras Al-Khair, will further propel the growth of Saudi Arabia Mining Equipment Market. The low cost of production associated with the mineral and metals sector in this region due to the easy availability and low prices of raw materials, will have a positive impact on the growing demand of the market. On the other hand, the high cost of these equipments and the breakdown and maintenance issues related to these equipments is likely to hamper the growth of the market in the coming years.

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Based on the Equipment Category, the surface mining equipment segment is projected to grow at a higher CAGR during the forecast period owing to the increasing number of mining activities in Saudi Arabia. The growing demand for resource exploration, followed by the strong demand for metals such as silver, platinum, and gold, will further accelerate the demand for surface mining equipments in the market.

Based on the Equipment Type, the mining trucks segment is anticipated to lead the market during the forecast period. The mining trucks are mainly used for material handling and helps in the transportation of the raw material from one production plant to another. The mining trucks are increasing used in mines as it reduces the manual labor work with its ability to load a large amount of material at a point of time. All these factors are the growth of the Saudi Arabia Mining Equipment Market.

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Various notable players in the market includes Epiroc Middle East FZE, Caterpillar Inc., Konecranes, Sany Heavy Industry Co., Ltd., Abdul Latif Jameel IPR Company Limited, Hyundai Construction Equipment Co., Ltd, Sandvik AB, Liebherr, and Hitachi Ltd. among others.

The Saudi Arabia Mining Equipment Market has been segmented on the basis of Equipment Category, Industry, Propulsion, and Equipment Type. Based on the Equipment Category, the market is segmented into Crushing, Pulverizing, and Screening Equipment, Drills & Breakers, Mineral Processing Equipment, Surface Mining Equipment, and Underground Mining Equipment. The Surface Mining Equipment is further categorised into Articulated Dump Truck, Crawler Dozer, Crawler Excavator, Motor Grader, and Rigid Dump Truck. The Underground Mining Equipment is further categorised Drills, Electric Shovels, Hydraulic Excavators, Mining Dozers, Mining Trucks, and Wheeled Loaders. Based on the Industry, the market is segmented into Coal, Metal, and Minerals. Based on the Propulsion, the market is segmented into Diesel, Gasoline, and CNG/LNG/Others. Based on the Equipment Type, the market is segmented into Mining Trucks and LHD (Load, haul, Dump).

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Mining Equipment Market growing? What will be growth trend in future?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • Which category of equipment generated maximum revenues in 2019 and identify the most promising categories of equipment during the forecast period?
  • What are the various industries of the Saudi Arabia Mining Equipment Market and how they are poised to grow?
  • What companies are the major participants in the Saudi Arabia Mining Equipment Market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Equipment Category, By Industry, By Propulsion, and By Equipment Type
Regional Coverage	Saudi Arabia
Companies Profiled	Epiroc Middle East FZE, Caterpillar Inc., Konecranes, Sany Heavy Industry Co., Ltd., Abdul Latif Jameel IPR Company Limited, Hyundai Construction Equipment Co., Ltd, Sandvik AB, Liebherr, and Hitachi Ltd. among others; a total of 9 companies covered .
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

Saudi Arabia Mining Equipment Market by Equipment Category

• • Crushing, Pulverizing, and Screening Equipment
  • Drills & Breakers
  • Mineral Processing Equipment
  • Surface Mining Equipment
    • Articulated Dump Truck
    • Crawler Dozer
    • Crawler Excavator
    • Motor Grader
    • Rigid Dump Truck
  • Underground Mining Equipment
    • Drills
    • Electric Shovels
    • Hydraulic Excavators
    • Mining Dozers
    • Mining Trucks
    • Wheeled Loaders

Saudi Arabia Mining Equipment Market by Industry

• • Coal
  • Metal
  • Minerals

Saudi Arabia Mining Equipment Market by Propulsion

• • Diesel
  • Gasoline
  • CNG/LNG/Others

Saudi Arabia Mining Equipment Market by Equipment Type

• • Mining Trucks
  • LHD (Load, Haul, Dump)

Major Players Operating the Saudi Arabia Mining Machinery and Equipment (Option 1: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Epiroc Middle East FZE
  • Caterpillar Inc.
  • Konecranes
  • Sany Heavy Industries Ltd.
  • Abdul Latif Jameel IPR Company Limited
  • Hyundai Construction Equipment Co., Ltd
  • Sandvik AB
  • Liebherr
  • Hitachi Ltd.