Middle East & Africa Mining Remanufacturing Components Market Forecast to 2030 - Regional Analysis - by Component (Engine, Axle, Transmission, Hydraulic Cylinder, and Others), Equipment (Excavator, Wheel Loader, Wheel Dozer, Crawler Dozer, Haul Truck, and Others), and Industry (Coal, Metal, and Others)
The Middle East & Africa mining remanufacturing components market was valued at US$ 322.03 million in 2022 and is expected to reach US$ 376.23 million by 2030; it is estimated to register a CAGR of 2.0% from 2022 to 2030.
Additive Manufacturing in Remanufacturing Industry Bolsters Middle East & Africa Mining Remanufacturing Components Market
As one of the major technologies of remanufacturing engineering, additive remanufacturing technology can repair the structure and function of high-value-added key metal parts of large and complex equipment, significantly reducing use and maintenance costs and saving labor and time costs. Additive remanufacturing is a subset of additive manufacturing technology that might restore the size accuracy of damaged parts, increase surface performance, and introduce new surface functions as needed. In the remanufacturing process, additive manufacturing technologies such as laser sintering and thermal spraying are utilized to restore worn parts or cores to their original proportions, and 3D printing is also employed in various ways by remanufacturers. Additive manufacturing is viewed as advantageous in remanufacturing. A few additive manufacturing technologies create standalone parts and can also be used to repair damage or add functionality to an existing item to convert a core to the newest specification. However, additive manufacturing or 3D printing is in the nascent stages in the coming years, and additive manufacturing can be integrated with the remanufacturing process. Many 3D printing and mining vehicle manufacturing companies are taking steps toward using this technology as a mainstream process. Caterpillar, one of the key mining vehicle manufacturers, is also focusing on additive manufacturing for component manufacturing.
Thus, the rising adoption of additive manufacturing in the remanufacturing industry is expected to fuel the market growth in the coming years.
Middle East & Africa Mining Remanufacturing Components Market Overview
There is an increasing demand for mining remanufacturing components in several countries in the Middle East & Africa (MEA) owing to the rise in mining projects. The mining industry in the Middle East & Africa is expected to become more efficient and effective in the coming years. The majority of the Middle East is yet to utilize its resources using modern techniques and equipment. However, Africa has an abundance of natural resources. Over 30% of the world's mineral deposits have been discovered in Africa, but the economy receives less than 5% of global resource exploration and extraction expenditure. Hence, the potential for the expansion of the mining sector in the MEA remains unexplored. Many developing countries in the region have recently enacted or are working on new mining legislation to promote investment in various fields. For example, the Gulf Cooperation Council members are planning on creating a uniform regulatory structure in various fields, including mining and mining equipment. According to the World Bank report, the MEA contains ~1,500 mineral facilities, including mines, factories, mills, and refineries for aluminum, cement, coal, copper, diamond, gold, iron, steel, nickel, platinum-group metals, salt, and silver.
Furthermore, petroleum and coal are available in abundance in the MEA. Governments of many nations and foreign exploration corporations have continued to search for these lucrative minerals across the region. The MEA is rich in mineral resources, including precious metals, base metals, and minerals used in various industries. The increasing demand for these resources is leading to a rise in mining activities, thereby driving the need for remanufacturing components for mining equipment.
Middle East & Africa Mining Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Mining Segmentation
The Middle East & Africa mining remanufacturing components market is categorized into component, equipment, industry, and country.
Based on component, the Middle East & Africa mining is segmented into engine, axle, transmission, hydraulic cylinder, and others. The engine segment held the largest Middle East & Africa mining share in 2022.
In terms of equipment, the Middle East & Africa mining is segmented into excavator, wheel loader, wheel dozer, crawler dozer, haul truck, and others. The crawler dozers segment held the largest Middle East & Africa mining share in 2022.
By industry, the Middle East & Africa mining is divided into coal, metal, and others. The metal segment held the largest Middle East & Africa mining share in 2022.
By country, the Middle East & Africa mining is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa mining share in 2022.
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 are some of the leading companies operating in the Middle East & Africa mining .
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners 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. Middle East &Africa Mining Remanufacturing Components Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Middle East & Africa 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 - Middle East & Africa Analysis
6.1 Mining Remanufacturing Components Market Revenue (US$ Million), 2020-2030
6.2 Mining Remanufacturing Components Market Forecast Analysis
7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Mining Remanufacturing Components Market Analysis - by Industry
9.1 Coal
9.1.1 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. Middle East & Africa Mining Remanufacturing Components Market - Country Analysis
10.1 Middle East & Africa Mining Remanufacturing Components Market - Country Analysis
10.1.1 Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast Analysis - by Country
10.1.1.1 Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast Analysis - by Country
10.1.1.2 Saudi Arabia: Mining Remanufacturing Components Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Saudi Arabia: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.2.2 Saudi Arabia: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.2.3 Saudi Arabia: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.3 United Arab Emirates: Mining Remanufacturing Components Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 United Arab Emirates: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.3.2 United Arab Emirates: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.3.3 United Arab Emirates: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.4 South Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 South Africa: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.4.2 South Africa: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.4.3 South Africa: Mining Remanufacturing Components Market Breakdown, by Industry
10.1.1.5 Rest of Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Rest of Middle East & Africa: Mining Remanufacturing Components Market Breakdown, by Component
10.1.1.5.2 Rest of Middle East & Africa: Mining Remanufacturing Components Market Breakdown, by Equipment
10.1.1.5.3 Rest of Middle East & Africa: Mining Remanufacturing Components Market Breakdown, by Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
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 Insight Partners
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. Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Country
Table 7. Saudi Arabia: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 8. Saudi Arabia: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Equipment
Table 9. Saudi Arabia: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Industry
Table 10. United Arab Emirates: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 11. United Arab Emirates: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Equipment
Table 12. United Arab Emirates: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Industry
Table 13. South Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 14. South Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Equipment
Table 15. South Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Industry
Table 16. Rest of Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 17. Rest of Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Equipment
Table 18. Rest of Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million) - by Industry
Table 19. 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 Truck: 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. Middle East & Africa Mining Remanufacturing Components Market, by Key Countries - Revenue (2022) (US$ Million)
Figure 23. Middle East & Africa: Mining Remanufacturing Components Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 24. Saudi Arabia: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million)
Figure 25. United Arab Emirates: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million)
Figure 26. South Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million)
Figure 27. Rest of Middle East & Africa: Mining Remanufacturing Components Market - Revenue and Forecast to 2030(US$ Million)
Figure 28. Company Positioning & Concentration
1. Atlas Copco AB
2. J C Bamford Excavators Ltd
3. Caterpillar Inc.
4. Epiroc AB
5. Swanson Industries Inc
6. Komatsu Ltd
7. Liebherr-International AG
8. AB Volvo
9. Hitachi Construction Machinery Co Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa mining remanufacturing components market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa mining remanufacturing components market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa mining remanufacturing components market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.