A dramatic drop-off in construction in developed countries pushed down revenue for the Mining, Quarrying and Construction Machinery Manufacturing industry in the aftermath of the financial crisis. Although industry revenue is expected to rise at a compound annual rate of 11.2% over the five years through 2014-15, this represents more of a recovery than growth. Following the onset of recession, businesses cut back their investment and delayed purchases of new machinery, while the domestic construction sector collapsed. However, sales of mining machinery grew because precious metal prices increased dramatically following extensive global monetary easing.
Firms in this industry manufacture machinery that is used in construction, mining and quarrying.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.