Originally Published on: SpendEdge |Top 5 Mining Equipment Manufacturers Across the Globe

Navigating Challenges in the Mining Industry

Engaging in the mining industry involves confronting dangerous conditions and challenging tasks due to extreme work environments and potential emergencies. The extraction of resources from the Earth necessitates robust mining equipment capable of handling the toughest tasks. The market size for mining equipment is approximately USD 90,000 million. With various categories like dozers, loaders, trucks, drillers, crushers, and more, each type of equipment serves a specific mining activity. The integration of digital technologies has recently revolutionized the industry, significantly enhancing productivity.

Top 5 Mining Equipment Manufacturers

1. Komatsu

  • 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 Developments: Acquired Joy Global in 2017 and partnered with NVIDIA to introduce AI for construction job site operations.

2. Caterpillar

  • Overview: An American Fortune 100 corporation, the largest construction and mining equipment manufacturer globally.
  • Product Range: Machinery, engines, financial products, insurance, sold under various brand names.
  • Notable Fact: Ranked 194 on the Fortune 500 global list in 2016.

3. Atlas Copco

  • 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: Seeking to acquire assets of Renegade Drilling Supplies, a South African manufacturer.

4. Sandvik

  • 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 first companies to commercially exploit the Bessemer steel process.

5. Hitachi Construction Machinery

  • 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 Partnership: Teamed up with Trimble in 2017 to enhance fleet management capabilities.

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