Mining Industry Business Outlook and Procurement Report May–October 2016
Amid growing market uncertainty, falling demand, and pricing pressures, organizations within the mining industry are planning to increase focus on improving operational efficiency, expanding in current market, and strengthening company finances. Mergers and acquisitions are expected to increase within the mining industry with emerging markets such as South Africa, India, and China offering prominent growth opportunities. Over one-third of mining industry executives indicate average expenditure of less than US$1 million for cranes. Furthermore, coal mining and metal mining are identified as the highest revenue contributors for the mining industry in Latin America over the next four years.
Scope
• The top three key priorities as identified by respondents include improving operational efficiency, expand in current market, and stabilizing company finances
• Developed markets such as Australia, the US, and Canada are identified as important regions for growth over the next six months by mining respondents
• IT infrastructure development and new product development will record a significant increase or notable increase in capital expenditure over the next six months
• The highest percentage of executives with companies operating in Europe expect to spend on the procurement of services in 2017
• Overall, 60% of respondents highlight Latin America as the highest revenue contributing region for the mining equipment market in 2016.
Reasons to Buy
Highlights key business priorities thus helping mining companies to realign business strategy
Develop or adjust business expansion plans by knowing about significant growth offering emerging and developed markets
Make changes in procurement budget allocations through procurement budget projections anticipated by executives for May–October 2016
Helps to alter investment allocation by understanding key focus areas highlighted by survey respondents during May–October 2016
Enables organizations to make key decisions on purchase preferences and investments in mining equipment.
Key Players
Table of Contents
List of Tables
List of Figures
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