The
global mining equipment market was valued at USD 71.5 billion in 2012
and is expected to reach USD 117.0 billion by 2018, growing at a CAGR
of 8.5% from 2012 to 2018. The report "Mining Equipment Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2012 - 2018" is available for sale on the company's website.
Mining
is an important sector of the world economy. It not only contributes
greatly in terms of revenue, but also supplements the economy by
generating employment and providing innumerable resources to other
industries. The mining activities across the globe have seen a steady
arise over the past few years, thus fueling the demand for mining
equipment market. The primary reason for mining equipment market to
witness stupendous growth is increasing demand for mineral and metal
commodities. The other growth drivers pushing the mining equipment
market are need for technologically advanced equipment in the
developing countries to support the booming mining industry.
The
detailed TOC of the Mining Equipment Market report can be browsed at:
http://www.transparencymarketresearch.com/mining-equipment.html
The
iron ore deposits in emerging economies such as Africa, Australia,
Russia, and Brazil are expected to give the mining equipment market a
solid push in the coming years. Additionally, the activities in oil
refineries, coal mining, and such other underground mining activities
in Latin American regions and in Asia Pacific is further expected to
create a demand for mining equipment market.
The
global mining equipment market has been fragmented into six segments
to understand the intricacies of the market. Crushing, mining drills
and breakers, mineral processing machinery, pulverizing and screening
equipment, underground mining machinery, and surface mining equipment
are the six sub-segments of the main mining equipment market studied
in this report. Out of these, metal mining, coal mining, and mineral
mining hold the main share in the global mining equipment market.
This market is also studied on the basis of geography which includes
regions such as Europe, Asia Pacific, North America, and rest of the
world. It provides forecasts and estimates after making critical
evaluation of the micro and macroeconomic forces affecting the global
mining equipment market.
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The
report on mining equipment market also highlights the competitive
landscape of this market. It provides a valuable insight about the
financial outlook of the key players in the mining equipment market.
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All Articles:
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The
mining equipment market research report also focuses on marketing
strategies, financial plans, mergers and acquisitions, and research
and development of the important manufacturers in this industry. Some
of the key players studied in this report are Joy Global Inc.,
Caterpillar Inc., Hitachi Construction Machinery, Sandvick AB, Atlas
Copco, and Komatsu Limited.
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