Top 5 Mining Equipment Manufacturers
If you are an operator of mining equipment then it is important for you to understand all the safety procedures and processes so that you can avoid all the potential health hazards. This process involves valuable tools and components just like heavy equipment. There are many mining equipment manufacturers in the business industry that are providing equipment that is used to perform mining activities. These categories mainly include dryers, wheel loaders, dozers, feeders, trucks, conveyor belts, hydraulic pumps, and crushers. These machines usually perform different tasks like excavating, preparing the land, arranging or dumping, hauling and handling of materials, and much more. The technology that has been provided by the manufacturers in their machines is increasing and enhancing productivity in the mining industry. As per the experts, it has been said that with such a pace this category will increase its demand rapidly in the business market. The top suppliers and manufacturers of mining equipment are Hitachi, Wring ten, Liebherr, Komatsu, DBT, Ranson & Rappier. Last year revenue of construction and mining equipment was around $160 billion just because it is a large market that has various manufacturers that are producing quality machines with improved functions and features.
Major mining equipment manufacturers:
Ever since these machines are being produced it is known by everyone that Caterpillar and Komatsu have been invading the business market and that is why they are ranked as the highest producers of the industry. The rankings of these companies are first and second. Other manufacturers are also following their trends by providing quality equipment to the customer that is why they are left behind by a small margin when we compare their sales volume. But, we have seen that in recent years Caterpillar saw a huge setback in the mining industry by almost $3 billion just because they had reduced their involvement in this industry. Just because of this fallout the company faced a drop of around 1.2% in their shares and it also affected the sales volume. Here we have a list of the top 5 mining equipment manufacturers as per their market share.
- Caterpillar 17.8%
- Komatsu 10.6%
- Hitachi 4.9%
- Volvo 4.9%
- Terex 4.6%
Other small companies are covering the remaining 37.9% of the total market share. The fight to gain the top position in the business market is still going on because they all are trying their best to achieve the best position so that they can increase their market value and earn more profit. To do this all the manufacturers are trying to produce such products that are easy to operate and that can help to increase the efficiency of the tasks and enhance productivity as well. The manufacturers also understand that to improve their market share they must have to focus to increase their quality and service. They are also trying to increase their product range so that they can have a strong competitive advantage in the market. To achieve this position they must understand that it is important to provide high-quality products and also prices that should be pocket-friendly for the customers. Here we will be providing the details about all these top manufacturers of mining equipment.
Caterpillar:
Caterpillar has been in the top position for many years in the business industry. The company is originated in the USA. They don’t only produce heavy equipment but they also manufacturer its engine. They also provide the facility of insurance to their customer with the help of its large network and financial products. In the year 2016 Fortune provided the ranking of top 500 global companies in which they ranked 194. By the end of the year 2019, the company has increased their sale on a very high scale and its sales volume was around $33 billion by selling its quality equipment all over the world. Just because of the focus and innovative strategy of their management the company has been ranked on the top for many years because they believe that it is important to provide what is been asked by the customers. They have not only provided the best quality but have also given innovative features and functions that have helped the operators to work effectively and enhance their skills rapidly.
Komatsu:
Komatsu is a Japanese-based company and it is one of the giant manufacturers that are providing different types of manufacturing tools of this industry like press machines, lasers, and thermoelectric generators. The main focus of the company is to provide construction, mining, and military equipment. The company’s mining and construction equipment mainly includes machines like motor graders, hydraulic excavators, continuous miners, electric rope shovels, dump trucks, wheel loaders, and mini excavators. By the end of 2019, the company had a sales volume of more than $23 billion by selling heavy equipment all over the world and they are having almost 12% of the total share of the global business market.
Hitachi:
They are also a company that is originated from Japan. Hitachi is basically that type of manufacturers that provides different services like manufacturing, marketing, and selling their mining and construction equipment. The company also produces different types of mining equipment like compaction equipment, excavators, loaders, bulldozers, recycle machines, cranes, and dump trucks. In March 2017, the company also had a collaboration with Trimble and the main aim for this merger is to increase the fleet management competencies of Hitachi. Their operators are not limited to Japan only because they have different operation centers that are in Europe, North America, Asia, and South America.
Volvo:
Volvo has launched another brand for their mining equipment named Volvo construction equipment which is actually a Swedish carmaker. This company is popular all over the world just because of its heavy equipment. The company not only develops but also manufactures and sells their machine that is being used in construction and other operations like mining equipment and trucks. They have a wide range of construction equipment that mainly include loaders, compactors, pavers, backhoes, wheel loaders, articulated haulers, motor graders, and asphalt compactors. They have their production facilities in more than one country that are United States, Russia, China, Korea, Sweden, India, Germany, France, Brazil, and Scotland.
Terex:
This mining equipment manufacturer is a huge exporter of material handling machines and it is originated from the USA. They provide machines for different industries that mainly include infrastructure, construction, recycling, quarrying, mining, energy, transportation, shipping, and refining. The company is providing a machine for different types of platforms like bulk-material hauling machines, construction cranes, container-port cranes, and road-paving machines. The company has been operating from its manufacturing plants that are situated in different locations.
These are some of the most demanded mining equipment manufacturers in the business market just because of their quality and reliability. The customer mostly prefers to get their mining equipment from these brands because they understand that it will help them to increase their productivity and also it may provide a better return on investment if they offer this construction equipment for sale in the market.
