Iron ore is the main source of primary iron required for the global iron and steel industries. It is essential to produce steel, which helps to create and maintain a strong industrial base. The industry is forecast to reach US $379 billion, growing at a strong CAGR of 9.9% over the next five years. The industry is characterized by high competitive rivalry with low entrance threat to new players and high exit barriers. Industry players are using advanced and modernized technologies to produce iron ore.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in “Global Mining Equipment Industry 2012-2017: Trend, Profit, and Forecast Analysis.” The report studies companies in the Mining Equipment industry, providing a five-year annual trend analysis that highlights market size, profit, and cost structure.
Lucintel’s report evaluates the various challenges in the industry. The decline in demand for metals required by the construction and metal industries due to global economic recession in the major markets affected industry growth. Another difficulty faced by the industry is the scarcity of raw materials.
Lucintel’s study describes the drivers of the Mining Equipment industry. The increasing demand from the oil and gas sector for new pipelines increased the demand in the mining industry. Growing sectors such as construction, automotive, shipbuilding, heavy machinery, and equipment sectors have increased the demand for steel used in these industries.
This report provides an overview of the Mining Equipment industry and tracks industry performance in four geographic regions: North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, addressing market opportunities for five years for each region.
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global mining equipment industry analysis. In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.
To make any investment or strategic decision, you need adequate and timely information. This market report fulfills this core need. Some of the features of this market report are:
• Industry size estimates in terms of (US $) value by regions and by segments
• Global mining equipment industry analysis annual trend (2006-2011) and forecast (2012-2017)
• Porter’s Five Force analysis
• New product launch and merger and acquisition activity in global mining equipment industry analysis
• Quarterly demand trend (Q1 2010-Q4 2011) and forecast analysis (Q1 2012-Q4 2013) for global mining equipment industry analysis
• Gross and net profit trends in the global mining equipment industry analysis
• Cost structure trend in the global as well as regional mining equipment analysis
• More than 48 valuable figures/charts and 12 tables are provided in this report