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Global Mining Tools Market Growth 2019-2024
SKU ID : LPI-13851599 | Publishing Date : 13-Feb-2019 | No. of pages : 159
Mining tools is the hand tools that used in mining industry. The tools mainly used for the maintenance of machinery and equipment.
The Major regions to produce mining tools are United States, Europe and China, which accounting for more than 81.7% of production value in total. China is the largest production region (production value share 32.49%).
The market is supplied by a combination of large multinational firms and smaller local companies. The largest producer is Apex Tool Group, accounting for 15.9% market share in value in 2015，followed by Stanly Black &Decker, Snap on, Irwin and Westward. The industry competitive landscape is relatively stable. These companies tend to compete against each other globally to supply most of the largest mining tools markets. These leading global firms also face competition from local players.
The market scale will keeps increasing in the next few years. Although sales of mining tools brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the mining tools field.
According to this study, over the next five years the Mining Tools market will register a 1.6% CAGR in terms of revenue, the global market size will reach US$ 190 million by 2024, from US$ 170 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Mining Tools business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Mining Tools market by product type, application, key manufacturers and key regions and countries.
This study considers the Mining Tools value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Tool Kit
Single Tools
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Underground Mining
Opencast Mining
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Apex Tool Group
Stanly Black &Decker
Snap on
Irwin
Westward
Klein tools
Cementex Products
SK HAND TOOL
Martin Sprocket & Gear
Yato
TRUSCO
Picard
Jetech
Estwing
Wilton
Peddinghaus
Thor
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Mining Tools consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Mining Tools market by identifying its various subsegments.
Focuses on the key global Mining Tools manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mining Tools with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Mining Tools submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The Major regions to produce mining tools are United States, Europe and China, which accounting for more than 81.7% of production value in total. China is the largest production region (production value share 32.49%).
The market is supplied by a combination of large multinational firms and smaller local companies. The largest producer is Apex Tool Group, accounting for 15.9% market share in value in 2015，followed by Stanly Black &Decker, Snap on, Irwin and Westward. The industry competitive landscape is relatively stable. These companies tend to compete against each other globally to supply most of the largest mining tools markets. These leading global firms also face competition from local players.
The market scale will keeps increasing in the next few years. Although sales of mining tools brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the mining tools field.
According to this study, over the next five years the Mining Tools market will register a 1.6% CAGR in terms of revenue, the global market size will reach US$ 190 million by 2024, from US$ 170 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Mining Tools business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Mining Tools market by product type, application, key manufacturers and key regions and countries.
This study considers the Mining Tools value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Tool Kit
Single Tools
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Underground Mining
Opencast Mining
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Apex Tool Group
Stanly Black &Decker
Snap on
Irwin
Westward
Klein tools
Cementex Products
SK HAND TOOL
Martin Sprocket & Gear
Yato
TRUSCO
Picard
Jetech
Estwing
Wilton
Peddinghaus
Thor
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Mining Tools consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Mining Tools market by identifying its various subsegments.
Focuses on the key global Mining Tools manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mining Tools with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Mining Tools submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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