Global mining equipment market to grow at a CAGR of 7.28% during 2014-2019: ResearchMoz

Albany – NY, Oct. 21, 2015 (GLOBE NEWSWIRE) — Mining equipment are used for surface mining to extract various resources, such as metals, coal, and minerals from the earth. Mining equipment includes trucks, dozers, loaders, borers, coal and core drillers, stationary and portable crushers, dryers, feeders, hydraulic pumps, conveyor belts, and compressors. Technavio analysts forecast the global mining equipment market to grow at a CAGR of 7.28% during 2014-2019.

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The report covers the present scenario and the growth prospects of the global mining equipment market for the period 2015-2019. To calculate the market size, we consider the revenue generated from various applications, such as metal coal, and mineral mining.

The Technavio report, namely Global Mining Equipment Market 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. We present the vendor landscape and a detailed analysis of the key vendors operating in the global mining equipment market. In addition, we discuss the major drivers influencing market growth, and the challenges facing the vendors and the market as a whole. as well as the key trends that are emerging in the market. We evaluate the key trends emerging in the market as well.

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Key Geographiies

  • Americas
  • APAC
  • EMEA

Market Driver

Growth of Developing Countries

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Market Challenge

Decline in Capital Expenditure in Mining Industry

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Market Trend

Increased Demand for Energy-saving Equipment

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Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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