The market for mining machinery used in metals mining operations, which accounts for the largest share of world sales, is projected to expand at the strongest pace through 2015, bolstered by price-driven increases in resource exploration and mine development activity. Coal mining equipment demand is expected to climb nearly as fast, stimulated by an acceleration in primary metals manufacturing growth, as well as by a pickup in global economic activity and additional population gains, leading to higher demand for coal utilized in heating and electricity generating applications.
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The world market for nonmetallic mineral mining machinery will rise at a somewhat slower rate, fueled by increases in construction expenditures and ongoing population growth, boosting farming activity and consumption of fertilizer minerals like phosphate rock and potash.Mining drills and breakers will be the fastest growing product segment, reflecting their near-universal use in settings where breaking through the ground and subsurface materials is required. The second strongest advances will be posted by crushing, pulverizing and screening equipment. Like drills and breakers, these products are widely used in both surface and underground mining, and will benefit from gains in global mining output. Although demand for surface mining machinery will expand at a slower rate, these products will continue to account for the largest single share of equipment demand.