Global Aftermarket Mining & Construction Equipment Market Overview:
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of IoT and AI for predictive maintenance and inventory management enhances operational efficiency.
Market Growth Drivers:
Increased mining activities, particularly in emerging economies, lead to higher demand for maintenance and replacement parts.
Challenges:
Ensuring the quality and compatibility of aftermarket parts with a wide range of equipment models and brands.
Restraints:
Risk of counterfeit aftermarket parts entering the market, potentially compromising safety and reliability.
Opportunities:
Expanding markets in developing countries where there is significant growth in mining and construction activities.
Competitive Landscape:
Some of the key players profiled in the report are Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd, Sandvik AB, Berco, Weir Group, Volvo Construction Equipment, John Deere Construction & Forestry, JCB Ltd.., SANY Group, Hyundai Construction Equipment Co., Ltd., XCMG Group, Atlas Copco AB, Thyssenkrupp AG, Kobelco Construction Machinery Co., Ltd. and Astec Industries, Inc.. Additionally, following companies can also be profiled that are part of our coverage like Metso Outotec Corporation, FLSmidth & Co. A/S, Wirtgen Group, Hisar Çelik / Progress Mining, Manitou Group and Others. Analyst at AMA Research see US Manufacturers to retain maximum share of Global Aftermarket Mining & Construction Equipment market by 2030. Considering Market by Component Type, the sub-segment i.e. Undercarriage Parts {Track Chains, Track Shoes, Rollers, (Top Rollers Bottom Rollers), Idlers, Sprockets, Track Frames, Pins & Bushings, Track Pads, Others} will boost the Aftermarket Mining & Construction Equipment market. Considering Market by Distribution Channel, the sub-segment i.e. OEM (Original Equipment Manufacturer) will boost the Aftermarket Mining & Construction Equipment market. Considering Market by End-User, the sub-segment i.e. Mining Industry (Surface Mining, Underground Mining) will boost the Aftermarket Mining & Construction Equipment market. Considering Market by Equipment Type, the sub-segment i.e. Excavators will boost the Aftermarket Mining & Construction Equipment market.
What Can be Explored with the Aftermarket Mining & Construction Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aftermarket Mining & Construction Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aftermarket Mining & Construction Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aftermarket Mining & Construction Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aftermarket Mining & Construction Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.