Mining equipment market increases - iMINCO Mining Training Information

Mining equipment market increases

The Australian construction and mining equipment market grew by 17% in the first half of 2011 relative to the same period in 2010.

Data released by the Construction and Mining Equipment Industry Group (CMEIG) showed that hydraulic excavators rose 15.2%, wheel loaders were up 9.6% and rigid dump trucks increased 31.8%, while sales of articulated dump trucks dipped 3.3%.

Chief executive of CMEIG, John Reid, says the growth was shared unevenly between states with Queensland and Western Australia the drivers of this year`s growth. Victoria recorded a small gain in sales and the remaining states saw a drop in their figures.

Market share in first half of 2010/2011

2010 2011
NSW 25.9% 22.5%
VIC 19.7% 20.3%
QLD 23.9% 30.1%
SA 9.2% 6.2%
WA 16.5% 17.2%
TAS 2.9% 2.2%
NT 1.9% 1.5% 
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