Table of Contents
Focus on Earthmoving and Extraction Equipment to Drive the Market
The private market insight discusses the mining equipment repair and maintenance and rental market in Australia. Mining is a key component of Australia’s economy, and over the recent years, the mining industry has witnessed strong growth driven by a number of factors. The market is currently at a mature stage. The study also includes an analysis of the state of the market drivers and restraints for growth, and profiles of rental and repair companies. The base year of the study is 2014, with forecasts running up to 2020.
- The significant downturn in mining investment since 2013 has specifically impacted the market for equipment rental, which is exposed to the construction phase of mining
- Rental equipment utilization rates have decreased significantly, and rental prices have been impacted by cost control measures from major miners.
- The equipment repair market has continued to grow as a result of the significant increase in the equipment base in 2013, which has stimulated increased repair requirements.
- Although the outlook for commodity prices is currently negative, mining production in Australia is forecast to continue to grow. It will stimulate growth in the rental and repair markets during the forecast period, from 2015 to 2020.
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