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Home>Mining Equipment Rental Market to Witness Growth Due to High Demand for Precious Metals | Technavio

Mining Equipment Rental Market to Witness Growth Due to High Demand for Precious Metals | Technavio

Mining Equipment Rental Market to Witness Growth Due to High Demand for Precious Metals | Technavio

10/03/2017

Mining Equipment Rental Market to Witness Growth Due to High Demand for Precious Metals | Technavio

Technavio’s latest market research report on the global mining equipment rental market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171002006275/en/

Technavio has published a new report on the global mining equipment rental market from 2017-2021. (G ...

Technavio has published a new report on the global mining equipment rental market from 2017-2021. (Graphic: Business Wire)

The demand for precious metals such as gold, platinum, and silver is on the rise. Apart from minerals and metals, there is increased demand for coal due to rise in thermal power generation to cater to the growing demand for electricity. Such activities will generate a huge demand for rental mining equipment such as longwall machines, continuous machines, cable shovels, and hydraulic shovels.

According to Anju Ajaykumar, a lead analyst at Technavio for unit operations research, “Rising demand for minerals and metals from developed as well as emerging economies, will encourage mining equipment rental companies to increase their capital expenditure. Untapped markets like Africa and Latin America will pave the way for mining equipment rental companies. Congo and Zambia in Africa and Brazil, Chile, and Peru in Latin America are likely to trigger the recovery of the global mining industry.”

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

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