TechNavio recognizes the following companies as the key players in the Global Mining Finance Market: Bank of America Corp., JP Morgan Chase & Co., and Citigroup Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The market has become volatile in recent years, which has had an impact on mining deals. There has been a significant decline in the number of merger and acquisition deals in the Mining sector, which is hampering the consolidation and growth of the market. As some companies took advantage of the lower cost of borrowing to purchase assets, the number of deals across the global Mining sector declined in the first half of 2013. Some of the major players have continued to finance their operations, many projects have been deferred, and capital spending has been curbed by many mining companies. ”
According to the report, one of the major drivers in this market is the increasing demand for metals with respect to the increasing investment in the Power sector, especially in China. The growth in the Global Mining Finance market is attributed to the increasing population and industrialization in China and the consequent demand for metals.
Further, the report states that one of the main challenges in this market is the bank de-leveraging due to the recent financial meltdown. As fallout of the recent Euro crisis and the US economic crisis, there have been some significant structural changes in the credit market. This has resulted in the reduction of borrowing from banks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-mining-finance-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Mining Finance Market 2014-2018
