• Report Description
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Global electric rope shovel market is expected to reach USD 1,046.9 Million by the end of 2024 from USD 771.4 Million in 2018. Furthermore, the market of global electric rope shovel will be receiving an opportunity of USD 246.0 Million between 2019 & 2024. In addition to this, global electric rope shovel market value is projected to witness a Y-O-Y growth of 6.9% in 2024 as compared to previous years. Major mining regions are believed to generate significant market growth opportunities during the forecast period. Apart from this, continuous innovation in terms of design and addition of new features by leading manufacturing companies bodes well for the growth of the market.

Market Insights

Growth Drivers – Electric Rope Shovel Market

Electric Rope Shovels in Mining Industry

Due to increasing mining activities across the globe, the heavy equipment machines such as electric rope shovels, backhoes, draglines, face shovels, and wheel loaders are witnessing strong demand. The continuing recovery in commodity prices, fueled by general economic growth has encouraged the growth of the mining industry which in turn has also fostered the demand for electric rope shovel in the mining industry. The number of operative mines has also increased throughout the globe. This increase in the number of active mines over the past years is expected to drive the demand for electric rope shovel in the mining sector.

Segmentation Analysis

The electric rope shovel type market is segmented into Less than 20MT, 20MT-50MT, 50MT-100MT and More Than 100MT. In this segment, Less than 20MT Electric rope shovel segment will contribute a market share of 36.0% in 2018. In terms of value, the global electric rope shovel market for Less than 20MT segment was valued at USD 277.8 Million in 2018. Further, this segment is anticipated to flourish at a CAGR of 4.6% over the forecast period. Further, the global electric rope shovel market for Less than 20MT segment is expected to achieve the absolute $ opportunity of USD 71.6 Million between 2019-2024. Continuous enhancements & developments to improve efficiency and performance of electric rope shovels is anticipated to bolster the growth of the market during the forecast period.

Moreover, based on the application, the electric rope shovel market is further sub-segmented into coal, mine and others. The global electric rope shovel market for mine segment is projected to brandish an average growth opportunity of USD 173.3 Million from the period of 2019-2024. The mine segment is expected to grow at a CAGR of 6.4% over the forecast period i.e. 2019-2024. The Y-o-Y growth rate is projected to rise by 7.8% over 2024 as compared with previous years.

Geographical Analysis

Geographically, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the electric rope shovel market, Asia Pacific is projected to capture a large market share over the forecast period. Asia Pacific electric rope shovel market represented a market share of 32.7% in 2018 and is likely to account for a notable market share by the end of 2024.

Competitive Analysis

The report also covers detailed competitive analysis of major market players of the global electric rope shovel market, such as Caterpillar, Komatsu Mining Corp., Taiyuan Heavy Industry Co., Ltd., IZ-KARTEX, L&H Industrial, SRB Group and others prominent players. The electric rope shovel market is witnessing a wide range of industry activities such as product launch, partnership, innovation, strategic development and expansion across the globe. For instance, in Nov 2018, Komatsu launched P&H 4800XPC electric rope shovel which is the largest payload class available in the market. This product launch helped the company to strengthen its position in the global market.

Segmentation

By Type:
- Less than 20MT
- 20MT-50MT
- 50MT-100MT
- More Than 100MT

By Application:
- Coal
- Mine
- Others

By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as
• Caterpillar
• Komatsu Mining Corp.
• Taiyuan Heavy Industry Co., Ltd.
• IZ-KARTEX
• L&H Industrial
• SRB Group
• Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in electric rope shovel market.

Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:
Industry report analyzes the global electric rope shovel market by the following segments:
- Type
- Application
Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Electric Rope Shovel Industry Report
• What is the overall market size in 2018? What will be the market growth during the forecast period i.e. 2019-2024?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?

Research Methodology
Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Barriers in Global Electric Rope Shovel Market
3. Global Electric Rope Shovel Market Trends
4. Opportunities in Global Electric Rope Shovel Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Market Value Chain Analysis
8. Global Electric Rope Shovel Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

9. Global Electric Rope Shovel Market Segmentation Analysis, By Type
9.1. Introduction
9.2. Market Attractiveness, By Type
9.3. BPS Analysis, By Type
9.4. Less than 20MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.5. 20MT-50MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.6. 50MT-100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.7. More Than 100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

10. Global Electric Rope Shovel Market Segmentation Analysis, By Application
10.1. Introduction
10.2. Market Attractiveness, By Application
10.3. BPS Analysis, By Application
10.4. Coal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.5. Mine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11. Geographical Analysis
11.1. Introduction
11.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1. By Type
11.2.1.1. Introduction
11.2.1.2. Market Attractiveness, By Type
11.2.1.3. BPS Analysis, By Type
11.2.1.4. Less than 20MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.5. 20MT-50MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.6. 50MT-100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.7. More Than 100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2. By Application
11.2.2.1. Introduction
11.2.2.2. Market Attractiveness, By Application
11.2.2.3. BPS Analysis, By Application
11.2.2.4. Coal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2.5. Mine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.3. By Country
11.2.3.1. Introduction
11.2.3.2. Market Attractiveness, By Country
11.2.3.3. BPS Analysis, By Country
11.2.3.4. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.3.5. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1. By Type
11.3.1.1. Introduction
11.3.1.2. Market Attractiveness, By Type
11.3.1.3. BPS Analysis, By Type
11.3.1.4. Less than 20MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.5. 20MT-50MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.6. 50MT-100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.7. More Than 100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2. By Application
11.3.2.1. Introduction
11.3.2.2. Market Attractiveness, By Application
11.3.2.3. BPS Analysis, By Application
11.3.2.4. Coal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2.5. Mine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3. By Country
11.3.3.1. Introduction
11.3.3.2. Market Attractiveness, By Country
11.3.3.3. BPS Analysis, By Country
11.3.3.4. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.5. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.6. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.7. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.8. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.9. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.10. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11.4. Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1. By Type
11.4.1.1. Introduction
11.4.1.2. Market Attractiveness, By Type
11.4.1.3. BPS Analysis, By Type
11.4.1.4. Less than 20MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.5. 20MT-50MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.6. 50MT-100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.7. More Than 100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2. By Application
11.4.2.1. Introduction
11.4.2.2. Market Attractiveness, By Application
11.4.2.3. BPS Analysis, By Application
11.4.2.4. Coal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2.5. Mine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3. By Country
11.4.3.1. Introduction
11.4.3.2. Market Attractiveness, By Country
11.4.3.3. BPS Analysis, By Country
11.4.3.4. China Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.5. India Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.6. Japan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.7. South Korea Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.8. Indonesia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.9. Taiwan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.10. Australia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.11. New Zealand Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.12. Rest of Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11.5. Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.1. By Type
11.5.1.1. Introduction
11.5.1.2. Market Attractiveness, By Type
11.5.1.3. BPS Analysis, By Type
11.5.1.4. Less than 20MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.1.5. 20MT-50MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.1.6. 50MT-100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.1.7. More Than 100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.2. By Application
11.5.2.1. Introduction
11.5.2.2. Market Attractiveness, By Application
11.5.2.3. BPS Analysis, By Application
11.5.2.4. Coal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.2.5. Mine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.3. By Country
11.5.3.1. Introduction
11.5.3.2. Market Attractiveness, By Country
11.5.3.3. BPS Analysis, By Country
11.5.3.4. Brazil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.3.5. Mexico Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5.3.6. Rest of Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11.6. Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.1. By Type
11.6.1.1. Introduction
11.6.1.2. Market Attractiveness, By Type
11.6.1.3. BPS Analysis, By Type
11.6.1.4. Less than 20MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.1.5. 20MT-50MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.1.6. 50MT-100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.1.7. More Than 100MT Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.2. By Application
11.6.2.1. Introduction
11.6.2.2. Market Attractiveness, By Application
11.6.2.3. BPS Analysis, By Application
11.6.2.4. Coal Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.2.5. Mine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.2.6. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.3. By Geography
11.6.3.1. Introduction
11.6.3.2. Market Attractiveness, By Geography
11.6.3.3. BPS Analysis, By Geography
11.6.3.4. GCC Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.3.5. North Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.3.6. South Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6.3.7. Rest of Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

12. Competitive Landscape
12.1. Market Share of Key Players in Global Electric Rope Shovel Market
12.2. Company Profiles
12.2.1. Caterpillar
12.2.2. Komatsu Mining Corp.
12.2.3. Taiyuan Heavy Industry Co., Ltd.
12.2.4. IZ-KARTEX
12.2.5. L&H Industrial
12.2.6. SRB Group
12.2.7. Company A
12.2.8. Company B
12.2.9. Company C
12.2.10. Company D
12.2.11. Other Major & Niche Players

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