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Bharat Book Bureau presents the new report, on ‘World Mining Equipment’ Global patterns of investment in mining capacity will be determined in large part by these industrializing countries, as resource companies look to capitalize on new sales opportunities. Rapid gains in mining equipment demand will occur in large developing markets such as Brazil, China, and India, with China being the largest purchaser by a wide margin. Additionally, machinery demand will expand in other nations with large deposits of industrial materials, including Australia, Chile, Indonesia, and Peru.
Asia/Pacific region to see greatest sales growth
The large Asia/Pacific market is expected to post the greatest sales growth through 2017, fueled by substantial investments in new mine production capacity in several nations. Strong gains will also be recorded in Central and South America, as mining companies look to develop the region’s sizable deposits of bauxite, copper, and iron ore. For example, this region is the largest producer of copper by a wide margin, and the dissipation of oversupply issues that existed in 2012 and 2013 will allow copper prices to recover and boost associated mining equipment demand. The Africa/Mideast region will post the next strongest market advances, followed by Eastern Europe, Western Europe, and North America. In developed areas, a recovery in construction spending and manufacturing output will boost demand for nearly all types of mined materials, though more emphasis on environmentally friendly sources of electricity will dampen thermal coal output.
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