"Australian Market for Gears and Gearboxes in the Mining Industry" added to ReportBuyer.comReport Buyer, the online destination for business intelligence for major industry sectors, has added a new report.
By: Joe Walsh Australian Market for Gears and Gearboxes in the Mining Industry Market Research Report This study covers the market for gears and gearboxes used in non-automotive applications in the mining industry in Australia, examining trends and developments in the mining sector itself and industry challenges and market drivers and restraints for the supply of gears and gearboxes into the mining industry. The size and growth of the market is examined, as well as the size and growth of the four main industry segments. In addition, an in-depth analysis of the competitive situation including vendors' market shares is given, along with profiles of the key vendors in the industry and a summary of strategies being followed by key market participants. The base year is 2009 with market forecasts running through to 2016. This Frost & Sullivan research service titled Australian Market for Gears and Gearboxes in the Mining Industry provides an in-depth analysis of the market size and growth, drivers and restraints, industry trends, and competitive environment in addition to the challenges and issues faced by market participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following segments: engineered drives, mill gears, standard gears, and dragline gears. Market Overview High Capital Investments in Mining Drive Prospects for the Australian Market for Gears and Gearboxes The market for gears and gearboxes in the mining industry is seeing significant growth with the resurgence of the mining sector in Australia. The boom in commodities’ Although the prospects for the market are bright, there are some challenges facing suppliers. Escalating material and labor costs and exchange rate fluctuations have affected pricing. The recent strength of the Australian, dollar particularly against the US dollar, has made imported gears and gearboxes more competitive in price terms against locally-assembled products. Apart from this, the impact of the proposed Mineral Resources Rent Tax (MRRT) and the infrastructure constraints on the industry are creating some uncertainty. The MRRT will restrain mining investment to some extent, at least until its details are fully worked out. This will take time, considering the current political environment in Australia. As a consequence, some mining projects will be delayed or deferred during the short term. The geographically dispersed nature of the mining industry in Australia has thrown up logistical challenges for suppliers of equipment and service providers. Regular face-to-face interaction with customers will become difficult, unless there is direct presence in or around those locations. The entry of Chinese companies has caused some concern for current suppliers, as these Chinese competitors are able to produce acceptable quality products at low prices. In this scenario, service capabilities of suppliers will play a key role in customer retention. Customer responsiveness is becoming an increasingly important attribute for market success. “With increased market competition, gear and gearbox suppliers need to focus on building and strengthening customer relationships,” Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: * Engineered drives * Mill gears * Standard gears * Dragline gears The "Australian Market for Gears and Gearboxes in the Mining Industry" published 31/12/ # # # Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare. End
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