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What does the future hold for Mining Equipment?

posted by Certified Sales and Rentals    |   December 2, 2015 11:43

If your involved in the mining industry, the future of mining equipment is a topic you are probably interested in.

According to an article on PRNewswire.com, the future is bright, "World demand to rise 7+% annually through 2019

Global demand for mining equipment is forecast to grow more than seven percent annually to $140 billion in 2019. While growth will slow from the 2009-2014 period, commodity prices are expected to increase by 2019, helping to fuel mining equipment demand gains. In addition, growth in manufacturing output, especially in the developing world, and renewed strength in construction in much of the developed world will continue to support mining equipment sales growth.

Drills & breakers to be fastest growing equipment

Demand for mining equipment will increase at similar rates across nearly all product types, with sales of drills and breakers expanding the fastest. These units are used almost universally across all mining operations, especially during the exploration phase of a project. Additionally, the growing use of in situ mining techniques, where these products are a primary type of equipment employed, will boost demand. Crushing, pulverizing, and screening equipment and surface mining machinery will record the next fastest market gains. Underground mining equipment demand, on the other hand, will grow at the slowest rate of any major product type, with much of the deceleration occurring in China. Over the past decade China has invested heavily in underground mining equipment to improve the safety and productivity of its coal mining operations. However, much of this mechanization drive has been finished, limiting future sales opportunities.

Developing world to remain fastest growing market

The developing world will continue to post the fastest gains in mining equipment demand. Many developing countries have significant metals and coal mining industries that require substantial levels of capital investment. This includes the Asia/Pacific region and Central and South America, which have large metals mining industries, and Eastern Europe and the Africa/Mideast region, which are sizable coal producers. Developing nations are also the most intensive users of mining equipment, when measured against mining output, due to the level of capital spending required in metals and coal mining operations. After more than tripling in size between 2009 and 2014, China will remain the The developing world will continue to post the fastest gains in mining equipment demand. Many developing countries have significant metals and coal mining industries that require substantial levels of capital investment. This includes the Asia/Pacific region and Central and South America, which have large metals mining industries, and Eastern Europe and the Africa/Mideast region, which are sizable coal producers.

Developing nations are also the most intensive users of mining equipment, when measured against mining output, due to the level of capital spending required in metals and coal mining operations. After more than tripling in size between 2009 an d 2014, China will remain the largest national market for mining equipment sales in 2019. Rapid gains in manufacturing output and construction activity in the country, as well as government efforts to boost the mechanization of China's mines, resulted in torrid growth historically. Although it will remain a much smaller market, India will record the fastest gains of any country through 2019, as there is still a significant need for mine mechanization in India. In addition, mining output growth in India will be among the strongest in the world.

The developed countries of Western Europe and North America will experience more modest rates of growth through 2019, although mining equipment demand in Western Europe will accelerate from the 2009-2014 period as the region's construction industry rebounds from a decade long decline. The majority of mining activity in these nations is for aggregates, which require less capital spending per metric ton of output than metals or coal. In addition, coal consumption and associated mining output is falling in many industrialized countries, as regulatory mandates lead to greater use of other energy sources.

Read the full report: http://www.reportlinker.com/p01972781-summary/view-report.html"

Certified Mining and Construction Sales and Rentals rents and sells a large variety of mining and construction equipment and carries the top brands.  Including Thern, 3M, Atlas Copco, Genie, Multiquip, Wacker Neuson, Vitali, Greenlee and many more.   

Certifed is a supplier of mining equipment across Canada.   We have a large variety of mining equipment for sale and service all of our equipment.  Certified's most popular mining and construction equipment for rent and sale includes:

Tuggers, Winches and Blocks
Chain Falls and Lever Hoists
Greenlee Equipment
Concrete Splitters
Pneumatic and Hydraulic Rock Drills and Chipping Hammers
Jobsite Boxcar Tool Skids
Utility Vehicles
Telehandlers and Zoom booms
Air Compressors
Welders and Welding Supplies
Boom Lifts
Concrete Trowels and Screeders
Telehandlers
Hydraulic Pumps and Cylinders
Rigging
Industrial Heaters
PPE gear
Mobile Reel Handler
Scoops

Certified Mining and Construction Sales and Rentals is proudly Saskatoon, Saskatchewan owned and operated.