Stony faced: The industry is expected to continue to record steady but marginal revenue growth

Industry operators manufacture a plethora of different pieces of machinery and equipment, ranging from excavators and front shovels to mineral processing equipment. International trade has a significant influence on industry performance, with imports satisfying an estimated 46.7% of domestic demand and exports accounting for approximately 63% of industry revenue. The industry has a handful of global firms operating alongside a large number of smaller players.Industry growth has been relatively weak over the past five more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • The industry has recorded modest growth, supported by rising construction activity
  • Demand from companies involved in mining activity and the oil and gas sector has fallen in recent years
  • Demand from mining industries is expected to rise, though coal mining will continue to decline
  • Industry Report - Starting a New Business Chapter

    The barriers to entering the Mining, Quarrying and Construction Machinery Manufacturing industry are high. This is predominantly because of the high costs required to compete with companies that are already highly successful global corporations. Production is capital-intensive, since operators require large amounts of expensive, technically advanced machinery and equipment. It would not be possible to enter the market without this quantity and quality of machinery. Research and development costs are high, as it is a fast-moving technical industry. Opportunities exist in niche markets, but substantial research and development are often required to find them and successfully manufacture products that use them fully. The...purchase to read more.

    Additional Insights for the Mining, Quarrying & Construction Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Mining, Quarrying & Construction Machinery Manufacturing Industry are

  • Economies of scale
  • Establishment of brand names
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Total value of construction and Business capital expenditure in the Mining, Quarrying & Construction Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Mining, Quarrying & Construction Machinery Manufacturing Industry?

    Firms in this industry manufacture machinery that is used in construction, mining and quarrying.

    Industry Products
  • Drilling rigs and equipment
  • Underground mining equipment
  • Mineral processing equipment
  • Excavators and shovels
  • Loaders
  • Other earthmoving equipment
  • Industry Activities
  • Mining machinery
  • Quarrying machinery
  • Oil and gas equipment
  • Construction machinery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total value of construction
  • Business capital expenditure
  • Real effective exchange rate
  • Public concern over environmental issues
  • World price of crude oil

  • Current Performance
  • Construction led growth
  • Growth constraints
  • International trade influences
  • Margins improve mildly
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction activity supports growth
  • Growth limitations
  • Strong import competition
  • Table: Mining, Quarrying & Construction Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Mining, Quarrying & Construction Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hard Coal Mining
  • Commercial Building Construction
  • Residential Building Construction

  • Key Selling Industries
  • Compressor Manufacturing
  • Metal Forging, Pressing & Stamping

  • Products & Services
  • Excavators and shovels
  • Drilling rigs and equipment
  • Other earthmoving equipment
  • Underground mining equipment
  • Loaders
  • Mineral processing equipment
  • Chart: Mining, Quarrying & Construction Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Non-residential construction companies
  • Oil and gas companies
  • Mining and quarrying companies
  • Residential construction companies
  • Chart: Major Market Segmentation for the Mining, Quarrying & Construction Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Mining, Quarrying & Construction Machinery Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Mining, Quarrying & Construction Machinery Manufacturing Industry

  • Industry Globalization
    Caterpillar (UK) Ltd, JCB Service,
  • Table: Caterpillar (UK) Ltd - financial performance
  • Table: JCB Service - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Mining, Quarrying & Construction Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Mining, Quarrying & Construction Machinery Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A digging bucket on the end of a two-part articulated arm. They are usually mounted on the back of a loader or tractor.
  • Continuous Miner
  • A machine with a large rotating steel drum and teeth, used mainly in coal mining.
  • Drilling Rig
  • Machinery that creates holes or shafts in the ground, used in the exploration for and extraction of minerals, oil and natural gas.
  • Longwall Mining
  • A form of underground coal mining where a long wall of coal is mined in a single slice.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Mining, Quarrying & Construction Machinery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Mining, Quarrying & Construction Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Mining, Quarrying & Construction Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Mining, Quarrying & Construction Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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