Latin America Construction Equipment Market Overview. Market Opportunity Assessment. Latin America Construction Equipment Market Share, By Players About Us 6Wresearch is the premier, one stop market intelligence and advisory centre, known for its best in class business research and consulting activity. We provide industry research reports and ...
MINING: After hobbling along for half a decade following the collapse of metal prices in 2013, Latin Americas mining industry is back. Unprecedented global central bank money expansion helped raise demand for gold, putting back in play hundreds of gold, and later silver mining projects that had been ...
The Latin America mining equipment is receiving major impetus from rising investments in the regional mining industry. Low mining taxes and availability of cheap raw materials are also complementing market growth. High influx of foreign investments in the mining sector is turning Latin America into a gold mine of opportunities. Favorable mining legislatures are encouraging investments, thereby, generating new revenue pockets for market players. Augmenting demand for safer mining methods is triggering subsequent developments in the market. This study further states that adoption of mining equipment will remain prominent in metal ore mining applications.
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The mining equipment market in Latin America is evolving with the surging adoption of eco friendly technology in various mining operations. Influenced by government regulations, players are turning to sustainable methods such as corporate social responsibility activities to attract a larger customer base as well as ensure outsized returns. CSR activities majorly focus on support and rehabilitation programs, promotion of healthy lifestyle and awareness programs for adoption of green technology. Such green initiatives are influencing manufacturers to channelize their resources to developing high performance mining equipment.
The Latin America mining equipment market is facing challenges in terms of security infrastructure. Inefficient infrastructure is bringing the import and export of mining equipment to risk, thus discouraging market participation. Furthermore, illegal mining activities at certain locations and risks associated with the mining industry are hindering the adoption of mining equipment in Latin America.
A major market demand arises from leading copper producing regions, Chile, and Brazil. Amongst both, Brazil will acquire a significant market position on the back large mineral reserve and the presence of advanced technologies. Highly integrated production and sales infrastructure of mining equipment also acts in favor of its market growth. Chile also will generate substantial growth opportunities for manufacturers with growing investments in its mining sector. The huge untapped mining potential of Latin America is attracting new market players, generating white growth spaces for the mining equipment manufacturers.
Companies across the globe are investing in Latin America to reap the benefits of abundant mineral reserves and cheap labor. Globally established corporations are collaborating with regional market players to expand their regional presence. To attain market lead, competitors are introducing advanced products in the market with better operational efficiency. For instance, ABB Ltd. is launching an ability smart sensor for better assessment of mounted bearing in material handling equipment. To resonate with the sustainability trend, market competitors are developing eco friendly equipment. Moreover, manufacturers are striving to achieve the aspects of optimum fuel consumption and easy maintenance. Komatsu Ltd., for instance, is launching its autonomous haulage system with an aim to reduce emissions. Going forward, market players are exploring premium quality materials to extend their application radar to selective mining operations. Companies are adopting after service strategies...
The mining sector in Latin America is evolving from tougher operating conditions to sophisticated mining equipment. Long term sustainable goals will gradually replace short term benefits, calling for further innovations in the market. Market players are focusing on development of next gen technologies such as autonomous haulage system . Moving ahead, developments beyond operational improvements will bring true innovation maturity in the mining equipment market.
The report is a compilation of first hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in depth analysis of parent market trends, macro economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
According to a new report published by Allied Market Research, titled, Latin America Heavy Construction Equipment Market by Equipment, Application, and End User: Opportunity Analysis and Industry Forecast, 2014 2022, the Latin America heavy construction equipment market size was valued at US$4.31 billion in 2016, and is projected to reach $6.39 billion by 2022, growing at a CAGR of 6.8% ...
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Construction and Mining Equipment Business in Latin America September 16, 2014 Hishashi Shinozuka Director and Senior Executive Officer President of the Construction and Mining Equipment Marketing Division Investors Meeting