Self-Propelled Rock Cutter Market

The article provides a comprehensive analysis of the self-propelled rock cutter market, with a focus on consumption, production, import, and export trends globally. It predicts a decrease in market volume and value over the next eight years, with fluctuations in consumption patterns among key consuming countries. The article also highlights the growth rates and market value of leading countries in terms of production, import, and export of self-propelled rock cutters.

Market Forecast

The self-propelled rock cutter market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.2% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 164K units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Self-Propelled Coal Or Rock Cutters And Tunnelling Machinery

In 2022, consumption of self-propelled coal or rock cutters and tunnelling machinery increased by 8.2% to 180K units, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

The global self-propelled rock cutter market revenue shrank modestly to $6.4B in 2022, falling by -2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Global consumption peaked at $6.6B in 2021, and then declined slightly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Bolivia (30K units), Sweden (24K units) and Germany (22K units), with a combined 42% share of global consumption. Turkey, Egypt, Japan, Italy, Bangladesh, India, Austria, Poland, France and Canada lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Egypt (with a CAGR of +118.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Sweden ($1.4B), Germany ($1B) and Bolivia ($707M) constituted the countries with the highest levels of market value in 2022, with a combined 48% share of the global market. Egypt, Canada, Turkey, Japan, Austria, France, Poland, Italy, India and Bangladesh lagged somewhat behind, together comprising a further 27%.

Egypt, with a CAGR of +117.3%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of self-propelled rock cutter per capita consumption in 2022 were Bolivia (2,497 units per million persons), Sweden (2,250 units per million persons) and Austria (497 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Egypt (with a CAGR of +114.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Self-Propelled Coal Or Rock Cutters And Tunnelling Machinery

In 2022, global production of self-propelled coal or rock cutters and tunnelling machinery declined modestly to 158K units, remaining relatively unchanged against 2021. Over the period under review, production, however, showed a mild expansion. The growth pace was the most rapid in 2017 when the production volume increased by 30% against the previous year. As a result, production attained the peak volume of 191K units. From 2018 to 2022, global production growth remained at a lower figure.

In value terms, self-propelled rock cutter production shrank to $6.8B in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21%. As a result, production reached the peak level of $7.6B. From 2020 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Bolivia (42K units), Sweden (27K units) and Germany (24K units), with a combined 59% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Bolivia (with a CAGR of +1.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Self-Propelled Coal Or Rock Cutters And Tunnelling Machinery

In 2022, the amount of self-propelled coal or rock cutters and tunnelling machinery imported worldwide soared to 74K units, picking up by 63% on the previous year's figure. Over the period under review, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled rock cutter imports rose sharply to $1.2B in 2022. Overall, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. Global imports peaked at $1.6B in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, Turkey (16K units), distantly followed by Egypt (9.1K units), Bangladesh (6.4K units), Italy (6K units) and Poland (3.7K units) represented the key importers of self-propelled coal or rock cutters and tunnelling machinery, together generating 57% of total imports. The United Arab Emirates (2.9K units), Iran (2.8K units), Sweden (1.7K units) and Austria (1.6K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Egypt (with a CAGR of +102.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($95M), Egypt ($63M) and Italy ($56M) were the countries with the highest levels of imports in 2022, together comprising 17% of global imports.

Egypt, with a CAGR of +69.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average self-propelled rock cutter import price amounted to $16,693 per unit, reducing by -35.6% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure at $41,869 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($11,084 per unit), while Bangladesh ($1,689 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.3%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Self-Propelled Coal Or Rock Cutters And Tunnelling Machinery

In 2022, the amount of self-propelled coal or rock cutters and tunnelling machinery exported worldwide soared to 51K units, jumping by 39% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 142% against the previous year. As a result, the exports attained the peak of 69K units. From 2018 to 2022, the growth of the global exports failed to regain momentum.

In value terms, self-propelled rock cutter exports totaled $1.5B in 2022. Overall, exports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2019 with an increase of 22%. Over the period under review, the global exports attained the peak figure at $1.9B in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports By Country

Bolivia (12K units) and Finland (9.3K units) represented roughly 42% of total exports in 2022. It was distantly followed by Sweden (5.1K units), Japan (4.2K units), China (3.8K units) and Austria (3.3K units), together mixing up a 32% share of total exports. The following exporters - Germany (2.1K units), the Netherlands (1.9K units), India (1.8K units) and France (0.9K units) - together made up 13% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +40.6%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($486M), Finland ($341M) and Sweden ($169M) were the countries with the highest levels of exports in 2022, together accounting for 67% of global exports. Austria, Germany, Japan, the Netherlands, India, France and Bolivia lagged somewhat behind, together comprising a further 16%.

The Netherlands, with a CAGR of +47.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average self-propelled rock cutter export price stood at $29,088 per unit in 2022, falling by -19% against the previous year. Over the period under review, the export price recorded a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 170% against the previous year. Over the period under review, the average export prices attained the maximum at $44,477 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($127,996 per unit), while Bolivia ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+22.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform