The global mining equipment market will grow significantly over the next few years, according to a new report by Transparency Market Research. Market value will reach US$ 117 billion by 2018, up from US$ 71.5 billion in 2012, a CAGR of 8.5%, says the report, “Mining Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018”.
“The iron ore deposits in emerging economies such as Africa, Australia and Brazil are expected to give the mining equipment market a solid push in the coming years,” Transparency Market Research said in a press statement. “Additionally, the activities in oil refineries, coal mining and such other underground mining activities in Latin American regions and in Asia Pacific are further expected to create demand for mining equipment.”
The report splits the global mining equipment market into six segments for analysis: crushing, mining drills and breakers, mineral processing machinery, pulverizing and screening equipment, underground mining equipment and surface mining equipment. It also provides sector and geographical analysis of mining equipment demand trends.
The report also provides analysis of the marketing strategies, financial gains, mergers and acquisitions and R&D og the major mining equipment supplies, including Joy Global, Caterpillar, Hitachi Construction Machinery, Sandvik, Atlas Copco, Komatsu.
Written by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/mining/23102014/world-coal-global-mining-equipment-market-to-growr-rapidly-to-2018-coal1440/