DUBLIN, Feb. 12, 2018 /PRNewswire/ --
The "Global Ground Engaging Tools (GET) Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global ground engaging tools market to grow at a CAGR of 24.95% during the period 2018-2022.
Global Ground Engaging Tools (GET) Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. GET market includes bucket teeth, blades, and cutting edges that are mainly used in construction and mining machinery, such as loaders, excavators, dozers, and scrapers.
According to the report, one of the major drivers for this market is Increase in number of smart cities. The number of smart cities is expected to rise exponentially by 2025. It is anticipated that a total of 67 new smart cities are expected to be built in the 2013-2025 period. The main reason for this growth is the increasing congestion of urban areas and major metropolitan cities. As of 2016, according to the World Bank, the overall world urban population stood at 54.30% of total global population.
The latest trend gaining momentum in the market is Eco-efficient mining process. Developing new eco-friendly mining practices and integrating these practices to reduce the harmful environmental impacts by mining operations make mining activities eco-efficient. The main strategy to reduce the negative environmental impacts of mining involves the introduction of mining equipment that limits harmful emissions in the environment.
Further, the report states that one of the major factors hindering the growth of this market is Uncertainty in mining industry. Many major mining corporations have reduced their investments in new mining projects and expansion of the existing ones due to the declining commodity prices. The prices of coal, aluminum, copper, and iron ore have witnessed a declining trend since 2011, thus revenue for mining companies have seen a negative trend since 2011.
Key vendors
- Atlas Copco
- Caterpillar
- Hitachi Construction Machinery
- Komatsu
- Sandvik
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
- Segmentation by application
- Comparison by application
- Excavators - Market size and forecast 2017-2022
- Loaders - Market size and forecast 2017-2022
- Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY PRODUCT
- Segmentation by product
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Key leading countries
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
- Environment-friendly mining activities
- Eco-efficient mining process
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
PART 16: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/k963h8/global_ground?w=5
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SOURCE Research and Markets
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