Government Support will boost Latin America Mining Equipments Market size During Forecast Period 2014 - 2020
The key reason which has accelerated the growth of the Latin American mining equipment market is the enhanced demand for the consumption of natural resources. Presently, the region produces about 45% of the global copper, 21% of the global zinc, 50% of the global silver and 26% of the global molybdenumproduction. In addition, foreign investment, especially from China, US, Canada and Australia, plays a significant role in the growth of the Latin American mining equipment market. Further, other operations such as the Panama Stock Operation (PSO), CSR activities, and introduction of next generation mining equipment such as Autonomous Haulage System (AHS) also serve as driving factors for the growth of the mining equipment market in Latin America. Among these, CSR activities primarily focus on rehabilitation and support programmes, promotion of healthy lifestyle and awareness programmes for the adoption of green technology.
Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-la-68
However, in the past few years, the mining industry and hence the mining equipment industry has been facing an economic crisis on account of the requirement for budget allocation in the maintenance of the mining industry and equipment, etc. Illegal mining operations at some locations and the risk associated with the mining industry serve as further constraints for the Latin American mining equipment industry.Surging demand and abundant availability of natural resources(including the world’s top three metal and mineral reserves of copper, zinc and silver rapid technological advancement, modernization of mining plants, stable legislations with a motivating legal environment, and the efficient budget allocation with aftermarket revenue generation will serve as opportunities for the development of the Latin America mining equipment market.
Market segmentation of Latin American mining equipment can be done on the basis of equipment, application and countries. On the basis of equipment, the Latin American mining equipment market includes mineral processing equipment, surface mining equipment, underground mining equipment, mining drills and breakers, crushing and screening equipment, etc. On the basis of applications, the Latin American mining equipment market segmentation includes metal ore mining, coal mining and mineral mining. Chile, being the largest producer of copper, serves as a lucrative market for copper-based mining equipment. Colombia is an active exporter,and is the first Latin American coal-producing country alongwith the production of metals such as gold, silver and platinum and hence is the opportunistic market for the associated mining equipment market. On the basis of countries, the Latin American mining equipment market includes Argentina, Brazil, Mexico, Chile, Panama, Peru, Ecuador, Colombia, Paraguay, Uruguay, Bolivia and Venezuela. Chile is known for the adoption and introduction of advanced technologies such as autonomous haulage system. Peru is the reserve of key minerals and has been witnessing a surging demand for copper and hence the expansion of the associated mining equipment market. Brazil has an integrated approach for the production and sale of mining equipment. Panama has an active stock operation (PSO) for the support of the mining industry. In line with the positive future of the Latin American mining equipment industry, Peru and Chile are expected to receive double digit foreign investment in $ Bn in the next six years.
Visit For TOC@ https://www.futuremarketinsights.com/toc/rep-la-68
Some of the prominent players of the global mining equipment market include Sandvik AB, Hitachi Construction Machinery, Komatsu Limited, Atlas Copco Ab Joy Global Inc. Breaker Technology, Astec Industries, Bucyrus International, Caterpillar Incorporated, China Coal Energy Company Limited, Tecpalsa, Tecmap, Tiesa and Igaretta. Among these, Komatsu Limited in the whole of Latin America, Tecpalsa in Colombia, Tecmap and Tiesa in Panama and Igaretta in Argentina are active players in the Latin American mining equipment market.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Government Support will boost Latin America Mining Equipments Market size During Forecast Period 2014 - 2020 here
News-ID: 747852 • Views: 164
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Latin
First TV Series in Latin
The turbulent adventures of the Roman restaurant owner Barrelius and his Germanic family in the ancient Roman Empire are the focus of the planned new television series MY MANIAC MANSIO. Supporters of the recently launched project crowdfunding for the presentation of a MY MANIAC MANSIO trailer on major TV stations and international streaming services can not only secure "ancient" rewards, but also participate in the production as technical staff or even
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
Defoamers Market - Latin America Industry Analysis 2023
The defoamers market in Latin America is fragmented, with the presence of several global and domestic players. Some of the prominent names in the Latin America defoamers market are Dow Corning Corporation, Ashland, Inc., Evonik Industries AG, Air Products and Chemicals, Inc., and Bluestar Silicones. Valued at US$196.2 mn in 2014, the defoamers market in Latin America is estimated to reach US$273.1 mn by 2023, rising at a CAGR of
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Latin Trails’ Family Friendly Fleet
With pioneer boats in first class and luxury categories, Latin Trails is one of the most family friendly companies to cruise the Galapagos Islands. The company’s three top quality cruises have a capacity for 16 passengers and are ideal for adventurous families traveling alone or in groups of two or three. Besides each boat’s various amenities and world class services, Latin Trails announces that children under 12 will
Latest fashion for the Latin American Market
NG services needed for growth Paderborn (Germany), 01 December 2009 – The Latin American mobile industry is highly competitive - lower investment and less sunk costs make it easy for new market entrants. This means flexible pricing and lower costs are needed for operators in order to remain competitive. Thus there is a special need for established players in particular to offer valuable NG services. This is the only way