Reportstack has announced a new market research report on the Global Mining Dozer Market 2014-2018. An increase in the renting of construction equipment acts as a catalyst for market growth. It gives the opportunity for small and medium enterprises to venture into the industry with minimal risk. Construction equipment vendors are offering road rollers and other road construction equipment on a rental basis. This allows cost-driven organizations to opt for the latest construction equipment at minimal cost, thereby improving their operational productivity. The Global Mining Dozer market is expected to grow at a CAGR of 8.50 percent during the forecast period of 2013-2018.
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The focus on technologically enhanced equipment is rising in the Mining industry. The industry prefers equipment that is energy and fuel efficient. With increasing awareness of the growing hazards and the impact of mining activities on the environment among vendors and consumers, manufacturers are focusing more on energy efficient mining equipment.
“Construction companies, focusing primarily on mining activities, prefer owning dozers rather than renting them,”.
“The availability of financing for this equipment provides the mining company with the opportunity to own the equipment with minimal budgetary constraints.” To define the market conditions in the next 3-4 years, The analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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