Asia-Pacific Leads $71.5 billion Mining Equipment and $78.7 billion Earthmoving Equipment Markets
FARMINGTON, Conn., Feb. 7, 2013 /PRNewswire-iReach/ -- The global mining equipment market is expected to reach $117.0 billion by 2018 from $71.5 billion in 2012 at a CAGR of 8.5% from 2012 to 2018. The Asia Pacific market was in a commanding position having contributed more than 60% of the entire mining equipment market share in 2012.
How many lifetime production hours are mining and earthmoving equipment capable of before they need to be replaced? Is the mining market growing or contracting? How does environment play into the market? New market research reports available from Global Information (GII) on GiiResearch.com answers all these pressing questions and more.
Mining Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018
Leading players in the global mining equipment industry include renowned names such as Caterpillar Inc., Hitachi Construction Machinery, Joy Global Inc., Komatsu Limited, Sandvick AB, and Atlas Copco. This industry is very competitive and concentrated with many mature multinational firms having their operation units across the globe. There are more than 650 companies, with the top 50 companies holding more than 80% of the industry share and competing with each other for revenue and customers, nationally and internationally. Caterpillar Inc. is the world's largest player in the mining equipment industry followed by Komatsu and Hitachi Construction Machinery.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/tsm261186-mining-equipment-market-global-industry-analysis.html
Global Earthmoving Equipment - Market Opportunity and Environment, Analyses and Forecasts to 2016
Asia-Pacific market constituted a 57.8% share of the $78.7 billion global earthmoving equipment market in 2011, making it the largest regional market for earthmoving equipment in the world. In the same year, markets in Europe and North America positioned themselves as the second and third-largest regional markets, with 22.0% and 12.4% shares respectively.
The continuing economic uncertainty in Europe and sluggish growth in the US are expected to reduce the market shares of western regions. Growing economies in Asia-Pacific, in particular China and India, are expected to increase their market shares as the rapid development of their infrastructural, industrial, residential and commercial sectors increases the demand for construction equipment. The share of European and North American markets is expected to be 18.2% and 9.8% respectively in 2016, declining from 22.0% and 12.4% in 2011, while Asia-Pacific is forecast to increase its share to 64.5% in the same year.
In terms of growth, the global earthmoving equipment market recorded a CAGR of 2.50% during the review period (2007-2011). The key contributor to this low growth rate was the 23.9% decline in annual growth rate recorded in 2009. This was the worst year in the global economic crisis, and construction activity, along with the declining demand for earthmoving equipment, slowed accordingly. The global earthmoving equipment market is expected to record a CAGR of 7.98% over the forecast period (2012-2016), in anticipation of the future growth of the global construction industry and better performance of the global economy, following the easing of European crisis.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/time261366-global-earthmoving-equipment-market-opportunity.html
Analysis of the European Mining Machinery Market
Mining machines include equipment used for drilling, loading, excavating, and processing of metals found on the earth's surface. This research service investigates the mining machines and mineral processing equipment market. The following areas are covered in this research: surface mining machines, underground mining machines, and mineral processing equipment. Revenue from sales of spares and services is not included in this study. Only the revenue from sales of new equipment or machinery is considered. The geographic coverage of this research is Europe, including Germany, Italy, France, the United Kingdom, Iberia, Scandinavia, Benelux, Rest of Western Europe (ROWE), and Eastern Europe.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/fs260728-analysis-european-mining-machinery-market.html
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About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
SOURCE Global Information Inc.
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