DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9zkcpb/global_mining) has announced the addition of the "Global Mining Equipment Market 2014-2018" report to their offering.
The Global Mining Equipment market will grow at a CAGR of 8.08% over the period 2013-2018.
One of the major drivers in the market is the increase in mining activities in the global scenario. The market is experiencing huge market potential in countries such as Russia, Australia, Canada, China, India, South Africa, and Brazil.
The Mining industry is one of the major end-users of energy. Oil and gas mining, mineral mining, and metal mining require large amounts of energy. In addition, energy costs are expected to account for more than 10-15 percent of the total production cost in the Mining industry. Hence, several mining equipment vendors have started developing energy-saving equipment. Also, the energy-saving policies implemented by the governments of various countries are creating a need for advanced energy-saving technologies. Hence, the demand for energy-saving equipment in the Mining industry for transportation, excavation, washing, and screening processes is on the rise. This will have a positive impact on the growth of the Global Mining Equipment market.
Further, the report states that one of the major challenges faced by the market is the need for high initial investment. Many end-users prefer cost-effective mining equipment because they are finding it difficult to invest large amounts of money in traditional mining equipment.
Key Vendors
- Atlas Copco AB
- Caterpillar Inc.
- Hitachi Construction Machinery Co. Ltd.
- Joy Global
- Komatsu Ltd.
- Sanvik Mining
Other Prominent Vendors
- Metso Corp.
- Boart Longyear Ltd.
- FLSmidth & Co. A/S
- Doosan Infracore Co. Ltd.
- Kennametal Inc.
- Volvo AB
- ThyssenKrupp AG
- Liebherr-International AG
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by Product
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/9zkcpb/global_mining
