Press release
Global Mining Equipment Rental Market to grow at a CAGR of 3.77% during the period 2017-2021
About Mining Equipment Rental
Mining equipment is used to extract natural resources such as coal, metals, and minerals. Some of the minerals and metals extracted include iron ore, bauxite, titanium, copper, gold, platinum, sand, gravel, salt, and other non-metallic products. Rental mining equipment constitutes a significant share of the global mining equipment market. The high cost of capital, maintenance cost, and overhead cost attached with the ownership of mining equipment have compelled end-users to rent mining equipment instead.
Technavios analysts forecast the global mining equipment rental market to grow at a CAGR of 3.77% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global mining equipment rental market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Mining Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Atlas Copco
Caterpillar
Hertz Equipment Rental
Komatsu
Sunbelt Rentals
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Other prominent vendors
AMECO
EMECO
Eqstra
H&E Equipment Services
McDowell
United Mining Rentals
United Rentals
SMS Rental
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Market driver
Rental advantages of mining equipment
For a full, detailed list, view our report
Market challenge
CAPEX depreciation in the mining industry
For a full, detailed list, view our report
Market trend
Emergence of deepsea mining
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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?
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