Global Mechanical Drive Market for Mining Industry 2017-2021

  • ID: 4372342
  • Report
  • Region: Global
  • 76 pages
  • TechNavio
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About Mechanical Drives for Mining Industry

Mining involves extraction of valuable minerals from the earth’s crust. These mineral products have an economic value as they are used in many industries to manufacture end-products. These industries include automobile, manufacturing, energy, and construction. Ores recovered by mining include coal, oil shale, metals, gemstones, rock salt, and clay. The life cycle of a mining process consists of key steps that include exploration, production, closure, and post-mining. The major parts of mining process are exploration, mining, and processing.

The analysts forecast the global mechanical drives market for mining industry to grow at a CAGR of 2.99% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mechanical drives market for mining industry for 2017-2021. To calculate the market size, the report considers the demand for mechanical drive products from the mining industry.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Mechanical Drives Market for Mining Industry 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
  • ABB
  • Nidec
  • Siemens
  • SKF
Market drivers
  • Global urbanization and industrialization
  • For a full, detailed list, view the full report
Market challenges
  • Decline in mining-related investments
  • For a full, detailed list, view the full report
Market trends
  • Shifting of mining activities to emerging economies
  • For a full, detailed list, view the full 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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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Mining process
  • Mining equipment overview
PART 05: Market landscape
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product
  • Global mechanical drive market for mining industry by product
  • Gear drive
  • Belt drive
  • Antifriction bearing
  • Chain drive
  • Coupling
PART 07: Geographical segmentation
  • Global mechanical drive market for mining industry by geography
  • APAC
  • Americas
  • EMEA
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 10: Market trends
  • Shifting of mining activities to emerging economies
  • Advances in belt drive technology
  • Rapid industrialization in BRICS
PART 11: Vendor landscape
  • Competitive scenario
PART 12: Vendor analysis
  • ABB
  • Nidec
  • Siemens
  • SKF
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Types of mining equipment
Exhibit 02: Global mechanical drive market for mining industry 2016-2021 ($ millions)
Exhibit 03: Five forces analysis
Exhibit 04: Global mechanical drive market for mining industry by products 2016-2021 ($ millions)
Exhibit 05: Global gear drive market for mining industry 2016-2021 ($ millions)
Exhibit 06: Global belt drive market for mining industry 2016-2021 ($ millions)
Exhibit 07: Application of belt drives in mining industry
Exhibit 08: Antifriction bearing market for mining industry 2016-2021 ($ millions)
Exhibit 09: Global chain drive market for mining industry 2016-2021 ($ millions)
Exhibit 10: Global coupling market for mining industry 2016-2021 ($ millions)
Exhibit 11: Global mechanical drive market for mining industry by geography 2016-2021 ($ million)
Exhibit 12: Mechanical drive market for mining industry in APAC 2016-2021 ($ millions)
Exhibit 13: Mechanical drive market for mining industry in the Americas 2016-2021($ millions)
Exhibit 14: Mechanical drive market for mining industry in EMEA 2016-2021 ($ millions)
Exhibit 15: Global population data 2000-2050 (billions)
Exhibit 16: Impact of drivers
Exhibit 17: Impact of challenges
Exhibit 18: Nidec: Product offerings
Exhibit 19: Siemens: Products offered by different business segments
Exhibit 20: SKF: Product offerings
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New Report Released: - Global Mechanical Drives Market for Mining Industry 2017-2021

The author of the report recognizes the following companies as the key players in the global mechanical drives market for mining industry: ABB, Nidec, Siemens, and SKF.

Commenting on the report, an analyst from the research team said: “One trend in the market is shifting of mining activities to emerging economies. The mining activities have now started to shift toward the emerging economies, the key reason being their higher economic growth and GDPs compared with the developed economies. Countries such as India, Brazil, South Africa, Indonesia, Mexico, and Kazakhstan have seen an increase in the mining activities.”

According to the report, one driver in the market is global urbanization and industrialization. The global urbanization and industrialization are constantly on the rise with co-mediators having a demand for commodities such as iron in ferroalloy metals, bauxite in non-ferrous metals, gold and silver in precious metals, gypsum and talc in industrial minerals, and coal in energy or mineral fuels. These commodities are an essential part of many day-to-day household and construction industry requirements. Also, there are few other mineral types such as lithium that are slowly gaining pace.

Further, the report states that one challenge in the market is decline in mining-related investments. There is a huge decline in mining-related investments in the past few years. The countries wherein mining plays an important role in their GDPs have shown a decline in the local as well as foreign direct investments. There is a lack of demand for minerals and metals due to the limited growth in the manufacturing and construction industries. BRICS, which represents one-third of foreign direct investments in the mining sector, has shown a decline due to the weak economy.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ABB
  • Nidec
  • Siemens
  • SKF
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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