Following a period of surging growth during the global commodity “boom” of middecade, world demand for mining equipment is expected to settle back into a still strong rate of 9.3% annual growth throug
April 27, 2007 (Press Release) --
World Mining Equipment
Global demand to grow 9.3% per year through 2009
Following a period of surging growth during the global commodity “boom” of middecade, world demand for mining equipment is expected to settle back into a still strong rate of 9.3% annual growth through 2009. Because both commodity demand and markets for related mining equipment are highly cyclical and volatile, gains will likely not be smooth over the next several years, but exhibit considerable variation on a year-byyear basis. All of this will occur within the context of a generally healthy business climate for mineable natural resources overall.
Commodities, precious metals to drive mining gains
The principal forces driving recent historical gains -- especially strong demand for commodities from rapidly industrializing countries such as China and India -- will continue to stimulate mining equipment markets going forward. In addition, healthy demand for copper and other industrial-type commodities from an expanding global economy, coupled with heavy speculation in precious metal markets (a response largely to investor concerns over inflation and relative currency fluctuation patterns) will also serve as drivers of mining equipment markets, although perhaps not to the same extent as occurred during the middle part of the decade, especially 2004-2005. Finally, demand for coal as an alternative energy source to oil and natural gas is expected to remain healthy, stimulating investment in coal mining equipment.
Production to shift to industrializing countries
Most production of mining equipment remains concentrated in the developing nations where a long history of industrial machinery manufacturing activity has been established, most notably the US, Germany and other West European countries, and Japan. Certain countries with large natural resource bases have also vertically integrated into mining equipment manufacture, including the likes of ustralia, Canada, South Africa and to a lesser extent Brazil and Russia. However, production is beginning to shift rapidly into large industrializing countries, most notably China and India, and developing countries as a whole are expected to account for an increasing share of world mining equipment production through the end of the decade and beyond.
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Global demand to grow 9.3% per year through 2009
Following a period of surging growth during the global commodity “boom” of middecade, world demand for mining equipment is expected to settle back into a still strong rate of 9.3% annual growth through 2009. Because both commodity demand and markets for related mining equipment are highly cyclical and volatile, gains will likely not be smooth over the next several years, but exhibit considerable variation on a year-byyear basis. All of this will occur within the context of a generally healthy business climate for mineable natural resources overall.
Commodities, precious metals to drive mining gains
The principal forces driving recent historical gains -- especially strong demand for commodities from rapidly industrializing countries such as China and India -- will continue to stimulate mining equipment markets going forward. In addition, healthy demand for copper and other industrial-type commodities from an expanding global economy, coupled with heavy speculation in precious metal markets (a response largely to investor concerns over inflation and relative currency fluctuation patterns) will also serve as drivers of mining equipment markets, although perhaps not to the same extent as occurred during the middle part of the decade, especially 2004-2005. Finally, demand for coal as an alternative energy source to oil and natural gas is expected to remain healthy, stimulating investment in coal mining equipment.
Production to shift to industrializing countries
Most production of mining equipment remains concentrated in the developing nations where a long history of industrial machinery manufacturing activity has been established, most notably the US, Germany and other West European countries, and Japan. Certain countries with large natural resource bases have also vertically integrated into mining equipment manufacture, including the likes of ustralia, Canada, South Africa and to a lesser extent Brazil and Russia. However, production is beginning to shift rapidly into large industrializing countries, most notably China and India, and developing countries as a whole are expected to account for an increasing share of world mining equipment production through the end of the decade and beyond.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=12114
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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