Global Quarry Equipment Market Overview:
Quarry equipment is the machinery that includes a wide range of products such as stripping & drilling equipment, wheel loaders, crushing equipment, excavators, and many others. This equipment is available in small, medium, and large sizes, and the quarry equipment is used widely for quarrying purposes in several industries including construction, cement, mining, etc. A quarry is basically open-pit mining where quarry machines are used to extract stones for building materials and used in construction applications.
- Increasing Need for Faster, Efficient and Effective Mining Operations
- Growing Number of Drilling and Crushing Activities for Stone Production
- The popularity of Crushing Machinery for Quarrying Purpose
- Availability of Quarry Equipment in Different Sizes According to the Application
- High-Cost Investment in the Quarry Equipment
- Adverse Environmental Impact of Using Large Size Quarry Equipment
- Rising Demand for Quarry Equipment for Construction and Building Industry
- Technological Advancement in the Quarry Equipment
- Complexities Involved with the Handling and Operation of Quarry Equipment
Some of the key players profiled in the report are Hitachi Construction Machinery (Netherlands), Caterpillar Inc. (United States), Doosan (South Korea), Komatsu Ltd. (Japan), JCB (United Kingdom), Liebherr (Germany), Red Rhino Crushers (United Kingdom), Volvo (Sweden), Sandvik Mining And Construction Sverige Ab (Sweden), Quarry Manufacturing & Supplies Ltd (United Kingdom), Epiroc AB (Sweden) and C&M Mining Machine (China). Considering Market by Size, the sub-segment i.e. Small Size will boost the Quarry Equipment market. Considering Market by End Use Industry, the sub-segment i.e. Construction will boost the Quarry Equipment market. Considering Market by Product, the sub-segment i.e. Portable will boost the Quarry Equipment market.
Latest Market Insights:
On 16th June 2020, Caterpillar Inc. announced it has acquired select assets and hired employees from San Francisco-based robot and autonomy technology solutions company Marble Robot Inc. The acquisition is part of Caterpillar’s automation and autonomy strategy and demonstrates its commitment to the next generation of Jobsite solutions. Building on its leadership in autonomous mining, the company plans to leverage the deep expertise of the new team to bring scalable solutions to meet the changing needs of construction, quarry, industrial and waste industries.
On 13th January 2020, Tata Hitachi launched the EX215LC Quarry - a machine engineered to perform in tough quarry applications. It has a reinforced heavy-duty boom, heavy-duty arm, strengthened main frame and track frame, heavy-duty track link and chain with 20% thicker shoes, heavy-duty upper and lower rollers, and an improved idler and sprocket.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Quarry 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 Quarry 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 by targeting key target audience that includes Quarry Equipment Manufacturers, Quarry Equipment International Traders, Quarry Equipment Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
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.