| Product Code: ETC4566865 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India mining remanufacturing components market import shipments experienced robust growth with a significant CAGR from 2020-2024. The growth rate between 2023 and 2024 showed a slightly lower but still strong momentum, indicating a sustained expansion trend over the period.
The India mining remanufacturing components market is a niche but vital sector in the broader mining industry. It involves the rebuilding and refurbishing of critical mining equipment components, such as engines, transmissions, and hydraulic systems, to extend their lifespan. Remanufacturing reduces the environmental impact and saves costs, making it an attractive option for mining companies looking to optimize their operations.
The demand for remanufactured components in the mining industry is driven by cost-efficiency and sustainability. Mining companies are increasingly opting for remanufactured parts and components to reduce operational expenses and minimize environmental impact.
One of the primary challenges in this market is the awareness and acceptance of remanufactured components. The quality and reliability of remanufactured parts also pose challenges.
The mining remanufacturing components market in India was affected by the pandemic as mining operations scaled down, affecting the need for remanufactured components. Supply chain disruptions and restrictions on business operations further impacted the market. However, the emphasis on cost-saving measures may drive the adoption of remanufactured components in the recovery phase.
Prominent companies in this market are Caterpillar Inc., Komatsu Ltd., Liebherr Group, and Joy Global (now Komatsu Mining Corp).
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 Remanufacturing Components Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Mining Remanufacturing Components Market Revenues & Volume, 2021 & 2031F |
3.3 India Mining Remanufacturing Components Market - Industry Life Cycle |
3.4 India Mining Remanufacturing Components Market - Porter's Five Forces |
3.5 India Mining Remanufacturing Components Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 India Mining Remanufacturing Components Market Revenues & Volume Share, By Equipment, 2021 & 2031F |
4 India Mining Remanufacturing Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing focus on sustainability and environmental conservation in the mining industry |
4.2.2 Increasing adoption of remanufactured components to reduce costs and improve operational efficiency |
4.2.3 Government initiatives promoting local manufacturing and remanufacturing practices in India |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up remanufacturing facilities and processes |
4.3.2 Lack of standardized regulations and quality control measures in the remanufacturing sector in India |
5 India Mining Remanufacturing Components Market Trends |
6 India Mining Remanufacturing Components Market, By Types |
6.1 India Mining Remanufacturing Components Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Mining Remanufacturing Components Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 India Mining Remanufacturing Components Market Revenues & Volume, By Engine, 2021-2031F |
6.1.4 India Mining Remanufacturing Components Market Revenues & Volume, By Hydraulic Cylinder, 2021-2031F |
6.1.5 India Mining Remanufacturing Components Market Revenues & Volume, By Axle, 2021-2031F |
6.1.6 India Mining Remanufacturing Components Market Revenues & Volume, By Transmission, 2021-2031F |
6.1.7 India Mining Remanufacturing Components Market Revenues & Volume, By Differential, 2021-2031F |
6.1.8 India Mining Remanufacturing Components Market Revenues & Volume, By Torque Convertor, 2021-2031F |
6.2 India Mining Remanufacturing Components Market, By Equipment |
6.2.1 Overview and Analysis |
6.2.2 India Mining Remanufacturing Components Market Revenues & Volume, By Excavator, 2021-2031F |
6.2.3 India Mining Remanufacturing Components Market Revenues & Volume, By Mine Truck, 2021-2031F |
6.2.4 India Mining Remanufacturing Components Market Revenues & Volume, By Wheel Loader, 2021-2031F |
6.2.5 India Mining Remanufacturing Components Market Revenues & Volume, By Dozer, 2021-2031F |
7 India Mining Remanufacturing Components Market Import-Export Trade Statistics |
7.1 India Mining Remanufacturing Components Market Export to Major Countries |
7.2 India Mining Remanufacturing Components Market Imports from Major Countries |
8 India Mining Remanufacturing Components Market Key Performance Indicators |
8.1 Percentage of remanufactured components used in the Indian mining industry |
8.2 Average cost savings achieved through the use of remanufactured components |
8.3 Number of government policies supporting the remanufacturing sector in India |
9 India Mining Remanufacturing Components Market - Opportunity Assessment |
9.1 India Mining Remanufacturing Components Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 India Mining Remanufacturing Components Market Opportunity Assessment, By Equipment, 2021 & 2031F |
10 India Mining Remanufacturing Components Market - Competitive Landscape |
10.1 India Mining Remanufacturing Components Market Revenue Share, By Companies, 2024 |
10.2 India Mining Remanufacturing Components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |