The global bauxite mining industry is forecast to reach $10.6 billion by 2018. The industry is consolidated with the top 10 players dominating the market. Competitive rivalry is high with a low threat of entry from new players and high exit barriers in bauxite mining industry. Players use advanced technology for the mining of ore, which is beneficial for increasing productivity.
Lucintel, a leading global Management Consulting and business research firm, has conducted a competitive analysis on the industry and presents its findings in “Global Bauxite Mining Industry 2013-2018: Trend, Profit, and Forecast Analysis.” Several aspects such as governmental regulations and growth in related complementary industries, general economic environment, fluctuations in input prices, and the performance of end-use markets have major impacts on industry dynamics.
The report studies the major challenges faced by the industry. The industry faced a decline in demand due to Europe’s unemployment rate increase. Europe faced the surge in unemployment because most of its countries were locked in recession. The increasing unemployment rate suppressed domestic demand, which led to low economic growth.
The study reveals the key drivers of the bauxite industry. Bauxite is the most important aluminum ore. Application of aluminum in vehicle manufacturing is increasing rapidly due to the associated benefits, such as corrosion-free, high-density, and lightweight features that make aluminum desirable for use in motor vehicles. Growth in the transportation sector, such as in airplanes, trucks, railcars, and marine vessels, accelerated bauxite demand, as aluminum is widely used in many transport applications.
This study is intended to provide industry leaders with a Competitive Benchmarking of the bauxite mining industry. The study provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.
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