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TRENDS AND TIDBITS continued from page 43 Asia-Pacific Leads $71.5 Billion Mining Equipment and $78.7 Billion Earthmoving Equipment Markets The global mining equipment market is expected to reach $117.0 billion by 2018 from $71.5 billion in 2012 at a Compound Annual Growth Rate (CAGR) of 8.5 percent from 2012 to 2018. The Asia Pacific market was in a commanding position, having contributed more than 60 percent of the entire mining equipment market share in 2012. How many lifetime production hours are mining and earthmoving equipment capable of before they need to be replaced? Is the mining market growing or contracting? How does environment play into the market? New market research reports available from Global Information (GII) on GiiResearch.com answer all these pressing questions and more. MINING EQUIPMENT MARKET Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018 Leading players in the global mining equipment industry include renowned names such as Caterpillar Inc., Hitachi Construction Machinery, Joy Global Inc., Komatsu Limited, Sandvick AB, and Atlas Copco. This industry is very competitive and concentrated with many mature multinational firms having their operation units across the globe. There are more than 650 companies, with the top 50 companies holding more than 80 percent of the industry share and competing with each other for revenue and customers, nationally and internationally. Caterpillar Inc. is the world's largest player in the mining equipment industry, followed by Komatsu and Hitachi Construction Machinery. An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch. com/report/tsm261186-mining-equipment-market-global-industry-analysis.html. GLOBAL EARTHMOVING EQUIPMENT Market Opportunity and Environment, Analyses and Forecasts to 2016 Asia-Pacific market constituted a 57.8 percent share of the $78.7 billion global earthmoving equipment market in 2011, mak- ing it the largest regional market for earthmoving equipment in the world. In the same year, markets in Europe and North America positioned themselves as the second and third-largest regional markets, with 22.0 percent and 12.4 percent shares, respectively. The continuing economic uncertainty in Europe and sluggish growth in the U.S. are expected to reduce the market shares of western regions. Growing economies in Asia-Pacific, in particular China and India, are expected to increase their market shares as the rapid development of their infrastructural, industrial, residential and commercial sectors increases the demand for construction equipment. The share of European and North American markets is expected to be 18.2 percent and 9.8 percent, respectively, in 2016, declining from 22.0 percent and 12.4 percent in 2011, while Asia-Pacific is forecast to increase its share to 64.5 percent in the same year. In terms of growth, the global earthmoving equipment market recorded a CAGR of 2.50 percent during the review period (2007-2011). The key contributor to this low growth rate was the 23.9 percent decline in annual growth rate recorded in 2009. This was the worst year in the global economic crisis, and construction activity, along with the declining demand for earthmoving equipment, slowed accordingly. The global earthmoving equipment market is expected to record a CAGR of 7.98 percent over the forecast period (2012-2016), in anticipation of the future growth of the global construction industry and better performance of the global economy, following the easing of European crisis. An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch. com/report/time261366-global-earthmoving-equipment-marketopportunity.html. Analysis of the European Mining Machinery Market Mining machines include equipment used for drilling, loading, excavating, and processing of metals found on the earth's surface. This research service investigates the mining machines and mineral processing equipment market. The following areas are covered in this research: surface mining machines, underground mining machines, and mineral processing equipment. Revenue from sales of spares and services is not included in this study. Only the revenue from sales of new equipment or machinery is considered. The geographic coverage of this research is Europe, including Germany, Italy, France, the United Kingdom, Iberia, Scandinavia, Benelux, Rest of Western Europe (ROWE), and Eastern Europe. An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch. com/report/fs260728-analysis-european-mining-machinerymarket.html. ● www.sacbee.com, February 8, 2013 IDA UNIVERSAL March-April 2013 Trends continued on page 59 47