Product Code: ETC4566685 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India mining machinery market import shipment experienced a notable decline with a CAGR from 2020 to 2024 of -18.7%. The growth rate further contracted between 2023 and 2024 by -29.8%. The market significantly slowed down, reflecting a consistent downward trend over the period.
The India mining machinery market is a significant segment within the country`s industrial sector. With the growth of the mining and mineral extraction industry, the demand for advanced and efficient machinery has risen. India vast mineral resources, including coal, iron ore, and other minerals, drive the need for heavy equipment and machinery. Companies in this market offer a range of products such as excavators, loaders, crushers, and drilling equipment to cater to the mining industry`s diverse needs. The market is characterized by intense competition and a focus on innovation and technology to enhance productivity and safety.
India growing mining sector, driven by the need for raw materials for infrastructure and industrial development, is a significant driver for the mining machinery market. The adoption of advanced mining equipment to enhance productivity, safety, and efficiency is on the rise.
The mining machinery market in India grapples with challenges related to environmental regulations, safety concerns, and high operational costs, which can impact the profitability and sustainability of mining operations.
The India mining machinery market faced significant challenges due to the COVID-19 pandemic. The restrictions on movement and labor shortages disrupted mining operations, leading to delays in projects and reduced demand for mining equipment. The industry also experienced supply chain disruptions, impacting the availability of machinery components and spare parts. As mining activities gradually recover, the market is expected to rebound, but the overall growth may remain subdued until normalcy returns.
Prominent companies in this market are Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, and Hitachi Construction Machinery.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Mining Machinery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Mining Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 India Mining Machinery Market - Industry Life Cycle |
3.4 India Mining Machinery Market - Porter's Five Forces |
3.5 India Mining Machinery Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.6 India Mining Machinery Market Revenues & Volume Share, By Electric Machinery, 2021 & 2031F |
3.7 India Mining Machinery Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Mining Machinery Market Revenues & Volume Share, By Solution, 2021 & 2031F |
4 India Mining Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for coal, iron ore, and other minerals in India driving the need for advanced mining machinery. |
4.2.2 Government initiatives promoting the mining sector and infrastructure development. |
4.2.3 Technological advancements leading to the adoption of efficient and automated mining machinery. |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations impacting mining operations. |
4.3.2 Fluctuating commodity prices affecting investment in mining machinery. |
4.3.3 Lack of skilled workforce for operating and maintaining advanced mining equipment. |
5 India Mining Machinery Market Trends |
6 India Mining Machinery Market, By Types |
6.1 India Mining Machinery Market, By Category |
6.1.1 Overview and Analysis |
6.1.2 India Mining Machinery Market Revenues & Volume, By Category, 2021-2031F |
6.1.3 India Mining Machinery Market Revenues & Volume, By Crushing, 2021-2031F |
6.1.4 India Mining Machinery Market Revenues & Volume, By Pulverizing, 2021-2031F |
6.1.5 India Mining Machinery Market Revenues & Volume, By Screening, 2021-2031F |
6.1.6 India Mining Machinery Market Revenues & Volume, By Mineral Processing, 2021-2031F |
6.1.7 India Mining Machinery Market Revenues & Volume, By Surface & Underground, 2021-2031F |
6.2 India Mining Machinery Market, By Electric Machinery |
6.2.1 Overview and Analysis |
6.2.2 India Mining Machinery Market Revenues & Volume, By Mining Truck, 2021-2031F |
6.2.3 India Mining Machinery Market Revenues & Volume, By LHD, 2021-2031F |
6.3 India Mining Machinery Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Mining Machinery Market Revenues & Volume, By Metal mining, 2021-2031F |
6.3.3 India Mining Machinery Market Revenues & Volume, By Mineral Mining, 2021-2031F |
6.3.4 India Mining Machinery Market Revenues & Volume, By Coal mining, 2021-2031F |
6.4 India Mining Machinery Market, By Solution |
6.4.1 Overview and Analysis |
6.4.2 India Mining Machinery Market Revenues & Volume, By Products, 2021-2031F |
6.4.3 India Mining Machinery Market Revenues & Volume, By Services, 2021-2031F |
7 India Mining Machinery Market Import-Export Trade Statistics |
7.1 India Mining Machinery Market Export to Major Countries |
7.2 India Mining Machinery Market Imports from Major Countries |
8 India Mining Machinery Market Key Performance Indicators |
8.1 Utilization rate of mining machinery. |
8.2 Average age of mining equipment fleet. |
8.3 Percentage of mining companies investing in technology upgrades for machinery. |
8.4 Rate of adoption of sustainable mining practices. |
8.5 Number of mining accidents and safety incidents. |
9 India Mining Machinery Market - Opportunity Assessment |
9.1 India Mining Machinery Market Opportunity Assessment, By Category, 2021 & 2031F |
9.2 India Mining Machinery Market Opportunity Assessment, By Electric Machinery, 2021 & 2031F |
9.3 India Mining Machinery Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Mining Machinery Market Opportunity Assessment, By Solution, 2021 & 2031F |
10 India Mining Machinery Market - Competitive Landscape |
10.1 India Mining Machinery Market Revenue Share, By Companies, 2024 |
10.2 India Mining Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |