Global Electric Shovel Market 2015-2019

Jul 22, 2015, 09:00 ET from ReportBuyer

LONDON, July 22, 2015 /PRNewswire/ -- About Global Electric Shovel Market
An electric shovel is used in activities related to mining, digging, and loading of earth or fragmented rocks. It is a modified steam shovel and operates in a similar fashion. Though the main purpose of shovels is to excavate and decrease burden in open-pit mining operations, it may also be used for loading extracted minerals such as coal.

Technavio's analysts forecast the global electric shovel market to grow at a CAGR of 2.10% over the period 2014-2019.

Covered in this Report
This report covers the present scenario and growth prospects of the global electric shovel market for 2015-2019. The report focuses on the revenue generated from the sale of electric shovels and the overall condition of the global mining sector. The future performance of the global electric shovel market is forecast based on the predicted CAGR after a detailed analysis of the conditions prevailing in the market. In addition, a geographical analysis of the global electronic shovel market was performed and, accordingly, the key leading countries have been found to be in EMEA, APAC, and the Americas. In addition, the report discusses the major drivers that influence the growth of the market, the challenges faced by vendors and the market at large, as well as the key emerging trends.

Key Vendors
- Caterpillar
- Hitachi Construction Machinery
- Komatsu
- P&H Mining Equipment

Other Prominent Vendors
- Liehberr
- OMZ

Market Driver
- Increased Demand for Mineral-based Commodities
- For a full, detailed list, view our report

Market Challenge
- Environment Control Regulations
- For a full, detailed list, view our report

Market Trend
- Increase in Equipment Rentals
- For a full, detailed list, view our report

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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