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(Transportation-News.com, September 11, 2015 ) Portland, OR --
The construction and mining equipment industry comprises of large number of firms from small scale businesses to some of the worlds largest multinational corporations. Mining equipment is mainly used for underground mining and minerals processing operations while, construction equipment is used for the construction of residential and non-residential buildings, roads, bridges, tunnels, etc. Equipment under the construction equipment industry include: loaders, crawler dozers, excavators, articulated dump trucks, rigid dump trucks, asphalt finishers, motor scrapers, motor graders, and rough terrain lift trucks (masted and telescopic). Similarly equipment under the mining equipment include: mining drills & breakers; crushing, pulverizing & screening equipment; mineral processing machinery, surface mining equipment, underground mining machinery, and others.
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The projected growth for construction and mining equipment is expected to be promising with earthmoving sector continuing to make headway. Over the recent years, various global players including some of the biggest names from Japan, U.S., and China have made their way into the developing economies and have been expanding their capacities or diversifying their product portfolio through collaboration and tie-up arrangements. The demand for construction and mining equipment is expected to be driven by good deal of projects lined up for infrastructure development by the private as well as the government sector. The economic uncertainty is causing some turbulence in the construction and mining equipment market. This can be demonstrated from the fact that even though the construction spending is on the rise, many construction and mining companies are still choosing to rent/lease equipment rather than purchase. Technological advancements for improving efficiency, productivity and innovation are key drivers for future prosperity.
The report covers the global construction and mining equipment market. The global construction and mining equipment report is broadly segmented by product type (loaders, excavators, dozers, crushing, pulverizing and screening equipment, and others.). The market is further segmented by- application (infrastructure, residential building, mineral mining, metal mining, and others.) and by geography (Asia-Pacific, Europe, North America, and RoW) and focusing on key countries in each region.
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