Bangalore, India -- (SBWire) -- 10/26/2017 --Mining equipment is used to extract natural resources such as coal, metals, and minerals. Some of the minerals and metals extracted include iron ore, bauxite, titanium, copper, gold, platinum, sand, gravel, salt, and other non-metallic products. Rental mining equipment constitutes a significant share of the global mining equipment market. The high cost of capital, maintenance cost, and overhead cost attached with the ownership of mining equipment have compelled end-users to rent mining equipment instead.
Report forecast the global mining equipment rental market to grow at a CAGR of 3.77% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global mining equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global Mining Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Atlas Copco
- Caterpillar
- Hertz Equipment Rental
- Komatsu
- Sunbelt Rentals
Other prominent vendors
- AMECO
- EMECO
- Eqstra
- H&E Equipment Services
- McDowell
- United Mining Rentals
- United Rentals
- SMS Rental
Market driver
- Rental advantages of mining equipment
- For a full, detailed list, view our report
Market challenge
- CAPEX depreciation in the mining industry
- For a full, detailed list, view our report
Market trend
- Emergence of deepsea mining
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 95 pages "Global Mining Equipment Rental Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by equipment type, Market segmentation by application, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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