DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jw9gbx/mining_equipment) has announced the addition of the "Mining Equipment Market in China 2011-2015" report to their offering.
TechNavio's analysts forecast the Mining Equipment market in China to grow at a CAGR of 14.28 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing demand from the Coal Mining industry. The Mining Equipment market in China has also been witnessing the technological advancements in mining equipment. However, the need for high initial investment could pose a challenge to the growth of this market.
The key vendors dominating this market space are China Coal Technology and Engineering Group Corp., China National Coal Mining Equipment Co. Ltd., and Zhengzhou Coal Mining Machinery Group Co. Ltd.
The other vendors mentioned in the report are Northern Heavy Industries Group Co. Ltd., Sany Heavy Equipment International Holdings Co. Ltd., Taiyuan Heavy Machinery Group Co. Ltd., International Mining Machinery Group, CITIC Heavy Machinery Co. Ltd., Shanghai Jianshe Luqiao Machinery Co. Ltd., and Shanxi Pingyang Industry Machinery Co. Ltd.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''The Mining Equipment market in China is witnessing several technological advancements. In the Chinese Mining industry, large-scale excavations have become possible because of the advancements in mining equipment. The Mining industry is showing increased interest in reclamation and re-mining activities, as well as open-pit mining in abandoned sites, because of the availability of advanced mining equipment manufactured by Chinese vendors. The advancements in technology will increase the mining opportunities in China. Chinese vendors are trying to develop advanced mining equipment in order to increase their market share.''
For more information visit http://www.researchandmarkets.com/research/jw9gbx/mining_equipment