DUBLIN, July 22, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/pr7b4q/australian_mining) has announced the addition of the "Australian Mining Equipment Repair and Maintenance and Rental Market" report to their offering.
The private market insight discusses the mining equipment repair and maintenance and rental market in Australia. Mining is a key component of Australia's economy, and over the recent years, the mining industry has witnessed strong growth driven by a number of factors. The market is currently at a mature stage. The study also includes an analysis of the state of the market drivers and restraints for growth, and profiles of rental and repair companies. The base year of the study is 2014, with forecasts running up to 2020.
Production of most mined commodities in Australia continues to grow although lower prices have resulted in reduced revenues for many mines, which have fed through into operating cost reductions.
The mining industry in Australia has stimulated the growth of a large mining equipment, technology, and services (METS) sector, which employs about double the number of people than in mining.
The significant downturn in mining investment since 2013 has specifically impacted the market for equipment rental, which is exposed to the construction phase of mining operations.
Rental equipment utilization rates have decreased significantly, and rental prices have been impacted by cost control measures from major miners.
The equipment repair market has continued to grow as a result of the significant increase in the equipment base in 2013, which has stimulated increased repair requirements.
Although the outlook for commodity prices is currently negative, mining production in Australia is forecast to continue to grow. It will stimulate growth in the rental and repair markets during the forecast period, from 2015 to 2020.
Key Topics Covered:
1. Australian Mining Equipment Repair and Maintenance and Rental Market
2. Executive Summary
3. Mining Industry Overview
4. METS Sector Overview
5. Mining Equipment Repair and Maintenance Market
6. Mining Equipment Rental Market
7. Profiles of Rental and Repair Companies
- Ausdrill - Cavill Power Products (Cavpower) - Coates Hire - Emeco - Force Equipment - HSE Rental - Hastings Deering - Ironstone Contracting - Matilda Equipment - National Plant & Equipment - Orionstone - Pit N Portal Group - SMS Rental - Westrac
For more information visit http://www.researchandmarkets.com/research/pr7b4q/australian_mining
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SOURCE Research and Markets