TechNavio today launched its report Global Mining Equipment Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Many end-users in the market are upgrading their existing mining equipment, which in turn is increasing the demand for mining equipment parts and components. Also, the increasing adoption of used equipment is increasing the demand for mining parts and components. The demand for parts and components is expected to grow at a rapid rate in developing countries; therefore the number of components and parts manufacturers is expected to increase during the forecast period.”
According to the report, one of the major drivers in the market is the increasing demand from developing countries. The Global Mining Equipment market is experiencing huge market potential from various developing countries such as China, India, Australia, South Africa, and Brazil. Increasing urbanization in developing countries is one of the major drivers for growth of the market.
Further, the report discusses that one of the major challenges faced by the market is the need to meet emission standards.
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 http://goo.gl/7aKQb
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Mining Equipment Market 2011-2015
