Global demand for construction and mining machinery is forecast to expand 9.3% p.a. between 2014 and 2018. China, Greece, Latvia, Portugal, and the United States are considered the highest potential markets in the coming years.

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global construction and mining machinery industry is forecast to reach 9.3% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 10.5%. Currently, excavators, shovel loaders, and mechanical shovels account for 22.9% of the global demand while the remaining market share is divided between off-highway dumpers (7%), mineral, stone and ore screening, sorting, separating, washing, grinding, crushing, kneading and mixing machinery (6.4%), bulldozers and angledozers (2.9%), self-propelled graders and levellers (2%), rock/coal cutters and tunneling machinery (1.9%), self-propelled road rollers and tamping machines (19.%), track-laying tractors (crawlers) (1%), mortar and concrete mixers (0.9%), pile-extractors and pile-drivers (0.4%), scrapers (0.3%), mine elevators and conveyors (0.2%) and other construction and mining machinery (15.4%). Parts of construction and mining machinery account for 36.9% of the demand.

Australia, Canada, China, Japan, and the United States represent the largest construction and mining machinery markets while the strongest annual growth is forecast to occur in Greece (20.6%), Latvia (20.3%), Portugal (19.1%), Ireland (17.5%), and Turkey (15.9%).

Construction and mining machinery market size compared to market growth in different countries

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential construction and mining machinery markets in the coming years are:
Ranking Country Market Potential Rate
1. China 0.91
2. United States 0.42
3. Greece 0.21
4. Latvia 0.20
5. Portugal 0.19
6. Ireland 0.18
7. Turkey 0.17
8. Romania 0.14
9. Ghana 0.14
10. Philippines 0.14
11. Canada 0.13
12. Chile 0.13
13. Azerbaijan 0.12
14. Indonesia 0.12
15. South Korea 0.12
16. Peru 0.12
17. Australia 0.11
18. Thailand 0.11
19. Germany 0.11
20. Malaysia 0.10

The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for construction and mining machinery in the world and individually for the following countries:
Argentina, Armenia, Australia, Austria, Azerbaijan, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Norway, Oman, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam
The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The latest market data for this research include:
- Overall construction and mining machinery market size, 2007-2018
- Construction and mining machinery market size by machinery type, 2007-2018
- Growth rates of the overall construction and mining machinery market and different machinery types, 2007-2018
- Shares of different machinery types of the overall construction and mining machinery market, 2007, 2013 and 2018
- Market Potential Rates of the overall construction and mining machinery market and different machinery types

The machinery types analyzed in the data reports include:
360-degree excavators and shovels
Front end shovel loaders
Crawler bulldozers and angledozers
Wheeled bulldozers and angledozers
Graders and levellers (self-propelled)
Scrapers
Road rollers and tamping machines (self-propelled)
Other compacting and tamping machinery
Track-laying tractors (crawlers)
Mortar and concrete mixers
Off-highway dumpers
Mine elevators and conveyors
Pile-extractors and pile-drivers
Grinding and crushing machinery (mineral, stone, ore)
Mineral kneading and mixing machinery
Screening, sorting, separating and washing machinery for (mineral, stone, ore)
Rock/coal cutters and tunnelling machinery (self-propelled)
Other rock/coal cutters and tunnelling machinery
Other construction and mining machinery
Bulldozer and angledozer blades
Parts of sinking and boring machinery
Other parts of construction and mining machinery

The reports answer the following questions:
- What is the current size of the construction and mining machinery market in the world and in different countries?
- How is the construction and mining machinery market divided into different machinery types?
- How are the overall market and different machinery types growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

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