The global mining industry is forecast to witness excellent growth over the next five years. The industry is estimated to reach US $1,783 billion by 2017, with a CAGR of 7.4% from 2012 to 2017. The highly fragmented industry comprises the mining of iron ore, coal, precious metals, diamonds, bauxite, manganese, and base metals. The companies in the industry have adopted new technologies to increase productivity.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the trends and forecasts of the industry and presents its findings in “Global Mining Industry 2012-2017: Trend, Profit, and Forecast Analysis.” The industry is currently using bioleaching technology and automated remote technology for mining, which are anticipated to lead the industry toward sustained growth.
Lucintel's report discusses the numerous challenges faced by the industry. The mining market mainly deals with the iron ore, coal, and various precious metals. The scarcity of raw materials, minerals, and valuable metals affect the industry growth. The mining market could also be affected by the increasing rate of recycling of various materials.
In analyzing the factors that affect the growth rate, Lucintel finds that increased demand of iron ore by power plants, the construction industry, and for ports; usage of aluminum in the transportation sector; and demand from the oil and gas sector influenced industry growth. The developing economies of the world are investing in infrastructure development and the construction sector, which drives the growth potential.
This study can provide industry leaders with a competitive benchmarking of the mining industry and up-to-date information on market share, profit margins, capabilities, and strategies of the leaders. It is designed to offer executives strategically significant competitor information, analysis, and insight, critical to the development and implementation of effective marketing and sales plans.
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 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 segments
• Global mining 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 industry analysis
• Quarterly demand trend (Q1 2010-Q4 2011) and forecast analysis (Q1 2012-Q4 2013) for global mining industry analysis
• Gross and net profit trends in the global mining industry analysis
• Cost structure trend in the global as well as regional mining analysis
• More than 48 valuable figures/charts and 11 tables are provided in this report.