Bangalore, Karnataka -- (SBWire) -- 06/06/2016 --The Global mining equipment market is skewed more towards organized players with around 50 players in the organized sector accounting for almost 80% share in the revenue and more than 100 players in the unorganized sector accounting for only 20% market share in revenue. This report covers a detailed analysis of 10 companies which comprises of around 50% share in total revenue of the mining equipment market. The objective of this report is to analyze the current scenario of the global mining equipment industry and to project the market growth over the next 5 financial years.
The global mining equipment market is expected to grow at a CAGR of 4% by the year 2020. Due to slow commodity market and tough regulations by government on mining, the sector is expected to grow at slow rate. Rise in power needs of Asian and African nations, concern for fuel efficiency and environment, developing service market and automation in mining would be the key driving factors for the industry.
Ambarish Kumar Verma, Managing Director of NOVONOUS Business Consulting Private Limited said "The sector will be witnessing slow growth over the next 5 years due to slow economic growth, low commodity and oil prices, tough government rules and regulations, nationalization of mining activities, high currency fluctuations and devaluation of Chinese currency".
The trends which are likely to drive the market growth in the near future would be complete mining automation, truck less mining and use of real time analytics in mining activities. However, slow economic growth can be a barrier for the growth of this sector, added by Ambarish.
This report provides geography-wise insights on global mining equipment market, growth drivers and inhibitors, key trends, profiles of key players, major challenges for new players, current and future trends and recommendations for policy makers, service providers & investors.
To know more about this newly launched market research report visit "Global Mining Equipment Market 2016 - 2020"
The mining equipment market has been analyzed on the basis of equipment category and mining types.
Revenue wise 55% of revenue is coming from APAC region which is growing by CAGR 5% till 2020
The major growth drivers for this region is the rise in power needs in countries like India and transparent mining regulations proposed by ruling government which is expected to kick the demand for equipments in this region.
Spanning over 136 pages and 134 exhibits, "Global Mining Equipment Market 2016-2020" report presents an in-depth assessment of the Mining Equipment Sector from 2016 till 2020.
The report has detailed company profiles including their position in mining equipment market value chain, financial performance analysis, product and service wise business strategy, SWOT analysis and key customer details for 10 key players in Global Mining Equipment Market namely; Atlas Copco AB, Joy Global, ABB Ltd., Caterpillar Inc., Komatsu Ltd., Metso Corporation, Sandvik AB, Liebherr Group, Terex Corporation and FRD Furukawa
Scope of Global Mining Equipment Market 2016 – 2020 Report:
- This report provides detailed information about Global Mining Equipment market including future market forecasts.
- This report identifies the need for focusing on Global Mining Equipment.
- This report provides detailed information on growth forecasts for Global Mining Equipment up to 2020.
- This report provides forecasting of market by product type and mining type.
- This report provides detailed information on geography wise (Americas, APAC and Middle East and Europe) growth forecasts for Global Mining Equipment market up to 2020.
- The report identifies the growth drivers and inhibitors for Global Mining Equipment market.
- The report identifies various credit, policy and technical risks associated with Mining Equipment.
- This report has detailed profiles 10 key players in Mining Equipment covering their business strategy, financial performance, future forecasts and SWOT analysis.
- This report has competitive landscape of Global Mining Equipment Market.
- This report identifies key industry bodies and associations and their role in Global Mining Equipment market.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Global Mining Equipment market.
- This report provides Porter's Five Forces analysis for Global Mining Equipment market.
- This report provides SWOT (strengths, weakness, opportunities and threats) analysis for Global Mining Equipment market.
- This report identifies the key challenges faced by new players in Global Mining Equipment market.
- This report provides future trends and opportunities for Global Mining Equipment market.
- This report also provides strategic recommendations for policy makers, end users, service providers and investors.
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http://www.novonous.com/publications/global-mining-equipment-market-2016-2020
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About NOVONOUS Business Consulting Private Limited
NOVONOUS helps organizations differentiate themselves, break entry barriers, track investments, develop strategies and see through corporate fog by providing business intelligence that works for their business. For more information about NOVONOUS visit: http://www.novonous.com
