Heavy machinery is synonymous with mining. It’s used in every aspect of the sector from exploration and development of sites to break down and removal of rocks to processing and reclamation. The total number of mines in world is upwards of 25,000 producing industrial minerals and almost 100,000 quarries that produce aggregates used in the construction sector. Regardless of those impressive numbers, mining equipment manufacturers have had some fairly substantial ups and downs over the last several years. In the recent past, the trend was towards decline, but it looks like the market is about to change.
The major mining machinery manufacturers that took some huge revenue hits last year are cheering the upbeat forecast. According to a study by the industry market research firm, The Freedonia Group, growth in this sector is about to blossom. The study they conducted predicts that “global demand for mining machinery is forecast to expand 8.6% per year through 2017 to USD $135 billion.” And that’s good news for everyone.
The study goes on “to highlight the Asia Pacific region and both Central and South America as the fastest growing markets for mining equipment.” According to an article recently published on the Pit & Quarry website: “The study also forecasts strong gains in South America, as mining companies look to develop the region’s sizable deposits of bauxite, copper and iron ore. The dissipation of copper oversupply issues that existed in 2012 and 2013 will allow prices to recover and boost associated mining equipment demand in areas rich in copper, such as Chile and Peru. The Africa/Mideast region will post the next fastest advances, followed by Eastern and Western Europe and North America.”
Steel and aluminum production has also seen growth so the demand for metals mining equipment is keeping pace. Studies show this sector of mining will rise at the fastest pace over the next three years. In addition, construction spending is increasing and global agriculture output is on the rise. Therefore, it will be important that mining equipment manufacturers and all the vendors that work within this sector keep step. Hydroswing® plans to march to the front of the line.
Ironically, the process which is powering the USA and many other parts of the world’s mining, exploration and heavy plant machinery along is a hydraulic process is called “Hydraulic fracturing.” This “fracturing” has made it possible to tap in and release huge oil, gas and other valuable reserves. The shale oil industry has seen the growth of machinery for this sector in both size and numbers, all of which are dependent on hydraulics for power, strength and load bearing.
The use of hydraulics is nothing new to the mining sector. The technology is a standard consideration in their processes. Understanding the magnitude of the market, mining is quickly becoming a strong focus for Hydroswing®. Large and extra large hydraulic doors are making an impact in the marketplace for storage and maintenance of heavy machinery. With Hydroswing®, mining equipment manufacturers can easily house bulldozers, grading equipment, drilling rigs, the latest CAT tippers and a plethora of other machinery in easy-to-access sheds, and ISO shipping container shelters with openings which easily accommodate the latest CAT/TEREX/DEERE/KOMATSU/JCB and SANDVIG machinery. With 70% less moving parts than a bifold door and enormous strength, the Hydroswing® hydraulic door is a simple and cost effective solution that will successfully fit into the ever growing demand in the mining sector. Hydraulics are well known to the mining industry and now mining door systems are following suit.