Europe Mining Remanufacturing Components Market Forecast to 2030

At 4.6% CAGR, Europe Mining Remanufacturing Components Market is Speculated to be Worth US$ 1,545.78 Million by 2030, says the Research Team

According to the Research Team’ research, the Europe mining remanufacturing components market was valued at US$ 1,082.78 million in 2022 and is expected to reach US$ 1,545.78 million by 2030, recording a CAGR of 4.6% from 2022 to 2030. Additive manufacturing in remanufacturing industry and rising adoption of electric and autonomous vehicles in mining industry are among the critical factors attributed to drive the Europe mining remanufacturing components market growth.

The mining sector is beginning to profit from a new generation of low-emission “driverless” mine vehicles that are changing the industry’s image and moving it toward decarbonization. Electric vehicles (EVs) are added to fleets for use in both open pit and underground operations by purchasing or refitting existing diesel engine vehicle fleets. Toyota Motor Corp. is at the forefront of developing these new mining vehicles. Toyota and Komatsu launched a cooperative effort in May 2023 to build an autonomous light vehicle (ALV) that will run on Komatsu’s GPS-enabled Autonomous Haulage System (AHS). Cool Planet Group, a decarbonization solutions company, announced a US$ 54.2 million deal with a “leading global mining company” in May 2023 to convert 8,500 diesel mining trucks to electric vehicles over the next three years. According to the firm’s CEO, up to 1 million diesel mining vehicles must be converted to electricity by 2030. The company is now collaborating with five or six of the world’s major mining companies.

In addition, WAE Technologies is currently working on the world’s largest battery. The battery is intended for use in an electric mining transport vehicle with zero emissions. The company, currently controlled by the Australian mining conglomerate Fortescue Metals Group, is collaborating with the Swiss-German equipment manufacturer-Liebherr-to build an electric mine haul truck weighing up to 240 ton. Further, in March 2023, Volvo Trucks and mining company Boliden collaborated to develop electric truck transportation in underground locations. Boliden, a Swedish mining company, is among the first to use battery-electric trucks for heavy underground hauling. According to the new collaboration agreement between Boliden and Volvo Trucks, two heavy, electric Volvo trucks will be employed in Boliden’s Kankberg mine in Skellefte in northern Sweden.

The abovementioned activities by mining and truck manufacturing companies are projected to increase the adoption of electric trucks in the mining industry. This increased demand for electric trucks will directly boost the demand for the truck’s components, such as battery packs, motors, and transmissions, which is expected to create lucrative opportunities for the mining remanufacturing component market during the forecast period.

On the contrary, quality issues and technological barriers hurdle the growth of Europe mining remanufacturing components market.

Based on component, the Europe mining remanufacturing components market is segmented into engine, axle, transmission, hydraulic cylinder, and others. The engine segment held 46.2% market share in 2022, amassing US$ 500.06 million. It is projected to garner US$ 725.23 million by 2030 to register 4.8% CAGR during 2022-2030.

In terms of equipment, the Europe mining remanufacturing components market is segmented into excavator, wheel loader, wheel dozer, crawler dozer, haul truck, and others. The crawler dozers segment held 25.3% share of Europe mining remanufacturing components market in 2022, amassing US$ 273.94 million. It is anticipated to garner US$ 411.90 million by 2030 to expand at 5.2% CAGR during 2022-2030.

By industry, the Europe mining remanufacturing components market is divided into coal, metal, and others. The metal segment held 46.2% share of Europe mining remanufacturing components market in 2022, amassing US$ 500.61 million. It is projected to garner US$ 760.89 million by 2030 to expand at 5.4% CAGR from 2022 to 2030.

Based on country, the Europe mining remanufacturing components market is categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 27.0% share of Europe mining remanufacturing components market in 2022. It was assessed at US$ 292.57 million in 2022 and is likely to hit US$ 431.27 million by 2030, registering a CAGR of 5.0% during 2022-2030.

Key players operating in the Europe mining remanufacturing components market are Atlas Copco AB, J C Bamford Excavators Ltd, Caterpillar Inc, Epiroc AB, Swanson Industries Inc, Komatsu Ltd, Liebherr-International AG, AB Volvo, and Hitachi Construction Machinery Co Ltd, among others.

In May 2023, Komatsu and Toyota are collaborating on a joint project to develop an Autonomous Light Vehicle (ALV) using Komatsu’s Autonomous Haulage System (AHS). The aim is to enhance safety and productivity in mines by running autonomous haul trucks and automated ALVs.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe mining remanufacturing components market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe mining remanufacturing components market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe mining remanufacturing components market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Mining Remanufacturing Components Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe Mining Remanufacturing Components Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Reduced Cost Compared to New Components
5.1.2 Growth in Mining Industry
5.2 Market Restraints
5.2.1 Quality Issues and Technological Barriers
5.3 Market Opportunities
5.3.1 Rising Adoption of Electric and Autonomous Vehicles in Mining Industry
5.4 Future Trends
5.4.1 Additive Manufacturing in Remanufacturing Industry
5.5 Impact of Drivers and Restraints:
6. Mining Remanufacturing Components Market – Europe Analysis
6.1 Mining Remanufacturing Components Market Revenue (US$ Million), 2020-2030
6.2 Mining Remanufacturing Components Market Forecast Analysis
7. Europe Mining Remanufacturing Components Market Analysis – by Component
7.1 Engine
7.1.1 Overview
7.1.2 Engine: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Axle
7.2.1 Overview
7.2.2 Axle: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Transmission
7.3.1 Overview
7.3.2 Transmission: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Hydraulic Cylinder
7.4.1 Overview
7.4.2 Hydraulic Cylinder: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
8. Europe Mining Remanufacturing Components Market Analysis – by Equipment
8.1 Excavator
8.1.1 Overview
8.1.2 Excavator: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Wheel Loader
8.2.1 Overview
8.2.2 Wheel Loader: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Wheel Dozer
8.3.1 Overview
8.3.2 Wheel Dozer: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Crawler Dozer
8.4.1 Overview
8.4.2 Crawler Dozer: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Haul Truck
8.5.1 Overview
8.5.2 Haul Truck: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
9. Europe Mining Remanufacturing Components Market Analysis – by Industry
9.1 Coal
9.1.1 Overview
9.1.2 Coal: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Metal
9.2.1 Overview
9.2.2 Metal: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
10. Europe Mining Remanufacturing Components Market – Country Analysis
10.1 Europe Market Overview
10.1.1 Europe: Mining Remanufacturing Components Market – Revenue and Forecast Analysis – by Country
10.1.1.1 Europe: Mining Remanufacturing Components Market – Revenue and Forecast Analysis – by Country
10.1.1.2 France: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 France: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.2.2 France: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.2.3 France: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.3 Germany: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Germany: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.3.2 Germany: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.3.3 Germany: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.4 Italy: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Italy: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.4.2 Italy: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.4.3 Italy: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.5 United Kingdom: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 United Kingdom: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.5.2 United Kingdom: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.5.3 United Kingdom: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.6 Russia: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Russia: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.6.2 Russia: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.6.3 Russia: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.7 Rest of Europe: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of Europe: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.7.2 Rest of Europe: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.7.3 Rest of Europe: Mining Remanufacturing Components Market Breakdown, by Industry
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Atlas Copco AB
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 J C Bamford Excavators Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Caterpillar Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Epiroc AB
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Swanson Industries Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Komatsu Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Liebherr-International AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 AB Volvo
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hitachi Construction Machinery Co Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Mining Remanufacturing Components Market Segmentation
Table 2. Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 4. Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Equipment
Table 5. Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 6. Europe: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 7. France: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 8. France: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Equipment
Table 9. France: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 10. Germany: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 11. Germany: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Equipment
Table 12. Germany: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 13. Italy: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 14. Italy: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Equipment
Table 15. Italy: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 16. United Kingdom: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 17. United Kingdom: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Equipment
Table 18. United Kingdom: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 19. Russia: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 20. Russia: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Equipment
Table 21. Russia: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 22. Rest of Europe: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 23. Rest of Europe: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Equipment
Table 24. Rest of Europe: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 25. Heat Map Analysis by Key Players

LIST OF FIGURES

Figure 1. Mining Remanufacturing Components Market Segmentation, by country
Figure 2. Mining Remanufacturing Components Market – Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Mining Remanufacturing Components Market Revenue (US$ Million), 2020-2030
Figure 5. Mining Remanufacturing Components Market Share (%) – by Component (2022 and 2030)
Figure 6. Engine: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Axle: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Transmission: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Hydraulic Cylinder: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Mining Remanufacturing Components Market Share (%) – by Equipment (2022 and 2030)
Figure 12. Excavator: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Wheel Loader: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Wheel Dozer: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Crawler Dozer: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Haul Trucks: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Mining Remanufacturing Components Market Share (%) – by Industry (2022 and 2030)
Figure 19. Coal: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Metal: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Others: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Europe Mining Remanufacturing Components Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 23. Europe: Mining Remanufacturing Components Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 24. France: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Germany: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Italy: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. United Kingdom: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Russia: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Rest of Europe: Mining Remanufacturing Components Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Company Positioning & Concentration