Rise of Mining Activities in the APAC Region Driving the Category Spend in the Mining Equipment Market
London, Feb 02, 2018: Increasing urbanization and rapid development of emerging economies are supplementing the demand for metals and minerals which is driving the demand for mining equipment. Additionally, the rise in mining activities in APAC, especially in countries such as China, Australia, and India are driving the category spend in this mining equipment industry.
SpendEdge’s latest procurement research report on the global mining equipment market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the heavy industry, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“The mining industry is experiencing a transition with the rise in automation of various critical operations. Automation of operations enhances the adherence to protocols, increases the quality of output materials, improves operational efficiency, and reduces the scope for human errors. As a result, the mining automation market along with mining equipment market is experiencing healthy growth prospects.” – Tridib Bora, heavy industry procurement research specialist at SpendEdge.
New technological trends such as incorporation of AR, big data, and IoT in the industry are changing the market dynamics. As a result, buyers are facing difficulty in anticipating future capacity and capabilities of IT-enabled equipment and the scope of its contribution toward management of the mining equipment.
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This procurement report on the mining equipment market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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