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USA – CANADA – UK – CHINA – INDIA
Global Mining Equipment Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Market 2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “Growth in emerging economies such as China, India, South Africa, and Brazil is driving demand for mining equipment. Rising domestic demand in China has triggered rapid growth of the market, as industries such as automotive, aerospace, and energy require coal, metals, and minerals for manufacturing operations. This has led to more mining activity across the world, thereby boosting global demand for mining equipment.”
• Mining equipment are used for surface mining to extract various resources, such as metals, coal, and minerals from the earth. Mining equipment includes trucks, dozers, loaders, borers, coal and core drillers, stationary and portable crushers, dryers, feeders, hydraulic pumps, conveyor belts, and compressors.
• Technavio analysts forecast the global mining equipment market to grow at a CAGR of 7.28% during 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Mining Equipment Market 2015-2019
USA – CANADA – UK – CHINA – INDIA
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Vendors
To understand the vendor landscape and for a full list
of vendors view our report:
Global Mining Equipment Market 2015-2019
Atlas Copco
Caterpillar
Joy Global
Atlas Copco was founded in 1873 and is headquartered in Stockholm, Sweden. The company manufactures a wide range of products that include generators, construction, and mining equipment, compressors, vacuum solutions, and air treatment systems.
Caterpillar was established in 1925 as Caterpillar Tractor in California, US and changed its name to Caterpillar in 1986. It is headquartered in Peoria, Illinois, US. It is a leading manufacturer of heavy construction and mining equipment, industrial gas turbines, and diesel-electric locomotives.
Joy Global, a mining equipment company, was founded in 1884 and is headquartered in Milwaukee, Wisconsin, US. It manufactures equipment and provides services for the extraction of coal, other minerals, and ores. It manufactures underground mining machinery and surface mining equipment.
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Market Landscape
• The economic growth of emerging countries in APAC such as China and India, coupled with growing population and urbanization, has led to increased demand for metals and minerals.
• Worldwide growth in infrastructure for energy supply, food and water supply, shelter, transportation, manufacturing, communication, sewage treatment, health, and education is also generating demand for metals and minerals.
• The increased per capita income in China and India will result in increased standards of living, which will ultimately lead to higher demand for metals.
• While growth in the Chinese economy has declined, domestic consumption has increased.
• Thus, the Chinese government is concentrating more on domestic consumption rather than exports.
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Key Buying Criteria • Parameters
Resale ValueResale value refers to the value of mining equipment after it has been purchased. The resale value of the equipment should be high.
MaintenanceMaintenance includes support, upgrades, and after-sales services during the entire operating life of the mining equipment.
Total Cost of OwnershipTotal cost of ownership is the total cost that buyers incur during the entire life cycle of the mining equipment. It includes the initial purchase cost, installation cost, upgrade cost, and service and maintenance cost. The total cost of ownership should be as low as possible.
Operational ConvenienceOperational convenience is the ability to use mining equipment without any expert knowledge.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Mining Equipment Market 2015-2019
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