Visit BMI Research to discover our global mining industry analysis, forecasts and investment decisions in developed, emerging and frontier markets. The global mining equipment market size was valued at USD 72.39 billion in 2015. Technological developments, such as data transmission through cloud networks and real. Global Mining Equipment Industry 2014-2019: Trends, Forecast, and Opportunity Analysis,September.
The report titled “Mining Equipment Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2012 – 2018,” provides in depth. There is cause for optimism in the resource and mining sector with export values forecast to increase by 35 per cent by 2020-21, according to the Department of. Visit BMI Research to discover our global mining industry analysis, forecasts and investment decisions in developed, emerging and frontier markets. The global mining equipment market size was valued at USD 72.39 billion in 2015. Technological developments, such as data transmission through cloud networks and real. Global Mining Equipment Industry 2014-2019: Trends, Forecast, and Opportunity Analysis,September.
Mining Equipment Market Overview:
Global Mining Equipment Market is expected to garner $155.9 billion by 2022, registering a CAGR of 7.9% during the forecast period 2016 - 2022. Mining is an extraction process of obtaining coal, minerals, metals and other such materials from the earth. Mining is an important sector of the world economy, which generates employment and provides innumerable resources to other industries. Petroleum, coal, natural gas, and water are the main products extracted during mining, in addition to various substances comprising uranium, diamond, stone, rock, various chemicals, and geologically deposited substances.
Leading companies in the mining equipment market such as Caterpillar Inc.; Metso, Komatsu Ltd.; Joy Global Inc. Inc. Sandvik; Hitachi Co. Ltd., and others, have witnessed a significant growth in the past few years. Innovative products, such as remote-controlled mining equipment, launched by these players have increased their overall consumer base. Moreover, other players operating in the mining equipment market such as AB Volvo, Doosan Group; Atlas Copco, and Liebherr Group are expected to strengthen their product line with higher technology products, to meet the increasing demands of the consumers. Players operating in the mining equipment market have focused on the development and launch of high-quality products, depending on the needs and preferences of consumers, to keep up with the recent technological advancement. Mining industry forecast, innovative marketing and positioning strategies of players have helped to increase the overall market size.
Major factors that boost skein mining pool demand of mining equipment are rising demand for metal and mineral commodities and increasing consumption of natural mining industry forecast, such as coal, diamond, and uranium. Moreover, increasing need for mineral fertilizers to improve agricultural yield supplements the global mining equipment market. Major challenges for the players operating in the mining equipment market are increasing cost of raw materials and strict government regulations. However, the rising demand for technologically advanced mining equipment, increasing usage of coal for heating and nvidia gtx 750 mining generation and increasing construction of roads and railway tracks through hilly areas present various opportunities for the market growth.
The world mining equipment market is segmented on the basis of equipment type, application, and geography. By equipment type, mining industry forecast, the mining equipment market is further categorized into six segments: mineral processing equipment; surface mining equipment; underground mining equipment; mining drills & breakers; crushing, pulverizing, & screening equipment and others. The demand for precious metals, such as gold, silver, copper, mining industry forecast, titanium, and bauxite is an important factor boosting the global mining equipment market. The demand data mining and algorithm technologically advanced mining equipment such as, remote data mining java weka mining equipment is causing the mining equipment market to expand in developed regions.
Mining drills and breakers is the fastest growing segment, followed by crushing, pulverizing, and screening equipment. By application, the mining equipment market is segmented as metal mining, mineral mining, and coal mining. Geographically, the mining equipment market is classified into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is anticipated to be the largest market of mining equipment during the forecast period. India, China, Australia, and Indonesia are likely to be the main revenue-generating countries in Asia-Pacific. The report also provides a country-wise analysis of the key geographic regions. Developing countries such as India, China and Indonesia have witnessed an increasing demand in the mining equipment market.
Companies profiled in the report are Caterpillar Inc., Komatsu Ltd., Sandvik, Joy Global, Hitachi Co. Ltd., Atlas Copco, AB Volvo, Doosan Group, Metso and Liebherr Group.
- The report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
- The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- Quantitative analysis of the current trends and forecasts from 2016 to 2022 is provided to showcase the financial competency of the market.
- Porter’s Five Force model of the industry and SWOT analysis illustrate mining industry forecast potency of the buyers & suppliers.
- Value chain analysis provides a clear understanding of the roles of stakeholders involved.
Mining Equipment Market Key Segments:
- Mineral processing equipment
- Surface mining equipment
- Underground mining equipment
- Mining drills & breakers
- Crushing, pulverizing, & screening equipment
- Metal mining
- Mineral mining
- Coal mining
- North America
- Western Europe
- Eastern Europe
- Latin America
- Middle East & Africa
- Caterpillar Inc.
- Komatsu Ltd.
- Joy Global
- Hitachi Co. Ltd.
- Atlas Copco
- AB Volvo
- Doosan Group
- Liebherr Group
News | POSITIVE LONG TERM OUTLOOK FOR MINING INDUSTRYGlobal Mining Equipment Industry 2014-2019: Trends, Forecast, and Opportunity Analysis,September. Mining Equipment Market to grow $156 bn by 2022 with Analysis and Industry Forecast, largest market of mining equipment during the forecast. Take a look at the long-term outlook for the metals and mining sector as reported by the industry agency council of the World Economic Forum. industry trends. Goldstein Research provide detailed overview of Global Mining Automaton Industry Goldstein Research analyst forecast the global mining automation market to grow. Mining companies need to consider pursuing innovation, embracing autonomous solutions and leveraging data analytics to increase productivity.
The global mining equipment market size was valued at USD 72.39 billion in 2015. Technological developments, such as data transmission through cloud networks and real. Global Mining Equipment Industry 2014-2019: Trends, Forecast, and Opportunity Analysis,September. Take a look at the long-term outlook for the metals and mining sector as reported by the industry agency council of the World Economic Forum. industry trends.
After a steep fall in gold and silver prices in 2013, iron ore, coal, and copper followed suit in 2014. Fundamentals such as growing supply from new low-cost projects, a stronger US dollar, weak global demand, and credit restrictions in China have pushed prices of these commodities into a “technical graveyard.” Copper, for example, is trading close to its technical support level of $3 per pound, while iron ore prices are at a five-year low of $75 per ton.
Weakening prices and a sluggish outlook for demand growth have turned investors away from the mining sector. The S&P/TSX Global Mining Index fell by about 10 percent through the end of November 2014, while the S&P 500 rose by 11 percent. Given these market conditions, investors question the sector’s ability to address a decade-long productivity decline, improve capital efficiency, revive sinking shareholder returns, and service mounting debt and interest obligations.
Waiting for a market upswing or adopting traditional cost containment measures will not likely suffice to turn the sector around. Mining companies should consider pursuing innovation for sustainable cost reduction and margin improvement, embracing autonomous mining solutions by working closely with vendors, and leveraging data analytics to increase productivity, according to Deloitte’s Rick Carr.
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