TechNavio today launched its report Mining Equipment Market in China 2011-2015 based on an in-depth analysis focusing exclusively on China. 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: ”The Mining Equipment market in China is witnessing several technological advancements. In the Chinese Mining industry, large-scale excavations have become possible because of the advancements in mining equipment. The Mining industry is showing increased interest in reclamation and re-mining activities, as well as open-pit mining in abandoned sites, because of the availability of advanced mining equipment manufactured by Chinese vendors. The advancements in technology will increase the mining opportunities in China. Chinese vendors are trying to develop advanced mining equipment in order to increase their market share.”
According to the report, the rapid growth in the economy of China is one of the major drivers for the growth of the Mining Equipment market in China. The economic growth in China contributes to the growth of several industries such as Automotive, Energy and Power, Aerospace, and Infrastructure. These industries rely on natural resources for their raw materials; thus, they have a dependence on the Mining industry. Thus, the growth of these industries results in the growth of the Mining industry, thereby leading to the growth of the Mining Equipment market in China.
Further, the report reveals that a major challenge faced by the market is the need for high initial investment.
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/content/mining-equipment-market-china-2011-2015
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 – Mining Equipment Market in China 2011-2015
