Originally Published on: SpendEdge |Top 5 Mining Equipment Manufacturers Across the Globe
Meeting Mining Industry Challenges Head-On
Thriving in the mining sector entails navigating perilous conditions and handling demanding tasks amid extreme work environments and potential emergencies. The extraction of resources from the Earth demands robust mining equipment capable of tackling the toughest assignments. The market size for mining equipment stands at approximately USD 90,000 million. With diverse categories like dozers, loaders, trucks, drillers, crushers, and more, each equipment type caters to specific mining activities. The recent integration of digital technologies has significantly revolutionized the industry, elevating productivity to unprecedented levels.
Top 5 Global Mining Equipment Manufacturers
1. Komatsu
- Corporate Overview: A Japanese multinational corporation specializing in construction, mining, and military equipment.
- Product Range: Electric rope shovels, continuous miners, hydraulic excavators, wheel loaders, and more.
- Recent Advancements: Acquired Joy Global in 2017 and forged a partnership with NVIDIA to introduce AI for construction job site operations.
2. Caterpillar
- Corporate Overview: An American Fortune 100 corporation, recognized as the largest construction and mining equipment manufacturer globally.
- Product Range: Machinery, engines, financial products, insurance, sold under various brand names.
- Noteworthy Achievement: Ranked 194 on the Fortune 500 global list in 2016.
3. Atlas Copco
- Corporate Overview: A Swedish company established in 1873, specializing in industrial tools and equipment.
- Product Range: Air compressors, industrial gases, vacuum solutions, mining and rock excavation equipment.
- Strategic Move: Actively seeking to acquire assets of Renegade Drilling Supplies, a South African manufacturer.
4. Sandvik
- Corporate Overview: A global high-technology engineering group focusing on tools and tooling systems for metal cutting.
- Key Services: Machining solutions, mining and rock technology, materials technology.
- Historical Note: One of the pioneering companies to commercially exploit the Bessemer steel process.
5. Hitachi Construction Machinery
- Corporate Overview: A Japanese construction equipment manufacturer involved in the development, manufacturing, and sales of construction equipment.
- Product Range: Excavators, loaders, recycle machines, compaction equipment, and more.
- Recent Collaboration: Teamed up with Trimble in 2017 to enhance fleet management capabilities.
