GLOBAL STRIP MINING EXCAVATOR MARKET

INTRODUCTION

Strip mining is the process of removing the top layer or seam of rock and soil (often coal), then extracting the exposed mineral. According to the deposit geometry and nature, the common strip mining methods are categorised as either area mining or contour mining.

In strip mining, overburden is removed using dragline excavators. For excavation, a large bucket system is pulled across the earth's surface by big booms. This is one of the biggest land mining machines ever employed, regardless of the business. 

GLOBAL STRIP MINING EXCAVATOR MARKET SIZE AND FORECAST

The Global Strip mining excavator market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Hitachi Construction Machinery has announced the release of the Hitachi EX2000-7 ultra-large hydraulic excavator. The EX2000-7 is a redesigned version of the EX1900-6 that uses up to 19% less gasoline while keeping the same output. A completely redesigned hydraulic circuit can lower fuel consumption by up to 19% while maintaining production.

The EX2000-7 may combine support services for maintenance work and inspections based on ICT and IoT and has exceptional structural part durability thanks to the design used on the present EX-7 series machines. Additionally, a completely rebuilt hydraulic circuit, the installation of a work mode selection function, etc. help it achieve improved fuel efficiency.

The equipment aids in lowering the life-cycle cost and environmental impact thanks to significant fuel consumption reductions.To help clients overcome difficulties like increasing safety and productivity and lowering life-cycle costs, Hitachi has offered solutions including mining equipment that makes use of ICT and IoT as well as operation control systems.

The EX2000-7, one of the smallest Hitachi EX-7 ultra-large excavators, has an operational weight of 193 tonnes. Small- to medium-sized mining and quarrying companies, where fuel efficiency is crucial, are projected to place a significant demand for this excavator.

The EX2000-7's 19% fuel savings were made possible by a number of freshly created, energy-efficient innovations that reduced engine size while maintaining productivity. The EX2000-7 can reduce annual CO2 emissions per machine by up to 460 tonnes when compared to its predecessor, the EX1900-6.

COMPANY PROFILE

• Liebherr
• Hitachi
• Komatsu
• LiuGong
• Volvo Construction Equipment

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Strip mining excavators are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Strip mining excavator and key vendor selection criteria
3. Where is the Strip mining excavator manufactured? What is the average margin per unit?
4. Market share of Global Strip mining excavator market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Strip mining excavator in-house
6. key predictions for next 5 years in Global Strip mining excavator market
7. Average B-2-B Strip mining excavator market price in all segments
8. Latest trends in Strip mining excavator market, by every market segment
9. The market size (both volume and value) of the Strip mining excavator market in 2023-2030 and every year in between?
10. Production breakup of Strip mining excavator market, by suppliers and their OEM relationship