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Covered in this Report• This report covers the present scenario and the growth
prospects of the Mining Equipment market in the US during the period 2015-2019.
• For ascertaining the market size and vendor share, the report considers revenue generated from the sales of mining equipment and from services.
• Technavio's report, the Mining Equipment Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
• The report covers the landscape of the Mining Equipment market in the US and its growth prospects in the coming years.
• The report includes a discussion of the key vendors operating in this market.
Mining Equipment Market in the US
2015-2019
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Market Overview
• Mining equipment is used to extract various natural resources from the earth.
• Transportation equipment, excavation equipment, and screening and washing equipment are some of the equipment used in the Mining industry.
• Mining equipment uses its mechanical energy to move rocks or heavy surfaces and drill holes in the earth's surface.
• Technavio's analysts forecast the Mining Equipment market in the US to grow at a CAGR of 8.27 percent over the period 2014-2019.
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Key Vendors and Regions
• Caterpillar
• Joy Global
• Roberts and Schaefer
• Alcoa
• P&H Mining Equipment
• Kennametal
View Our Report: Mining Equipment Market in
the US 2015-2019
• US
Vendors Regions
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Key Findings
• Increased Demand for Energy-saving Equipment• The Mining industry is one of the major end-users of energy. Coal Mining, mineral mining,
and metal mining require large amounts of energy. In addition, energy costs are expected to account for more than 10-15 percent of total production costs in the Mining industry.
• Technological Advances in Mining Equipment• Technological advances in the Mining Equipment market have made large-scale
excavations possible and will continue to increase mining opportunities. The Mining industry is showing increased interest in reclamation and re-mining activities and open-pit mining in abandoned sites because of the availability of advanced mining equipment.
• Changing Technologies of Extraction • Mine production has undergone important changes during the 20th century with a shift
from underground to open-pit mining techniques. By 2010, the majority of industrial mine operations in the US were open-pit. The introduction of computer technology, remote control interfaces, satellite communications, and robotics have led to greater safety, sophistication, and productivity in mining.
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Key Questions Answered in Our 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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Mining Equipment Market in the US 2015-201962 Pages | SKU: IRTNTR5646
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