MarkNtel Advisors recently published a detailed industry analysis of The Chile Mining Equipment Rental Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Chile Mining Equipment Rental Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Chile Mining Equipment Rental Market is anticipated to grow at a CAGR of around 3.8% during the forecast period, 2022-27.
Key Findings in Chile Mining Equipment Rental Market:
- Historical Analysis: 2017–2020
- Base Year: 2021
- Forecast Period: 2022–2027
Leading Market Players- KOMATSU Chile, Caterpillar, Liebherr International, CASE Construction, MPM LTDA, FleetCo, Emeco Holdings, SK Rental, AMECO South America, Lanztec, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Chile Mining Equipment Rental industry?
Burgeoning Private Investments in Mining Sector- The rise in investments in mining by private players is one of the primary reasons for the rapid development of the country’s mining sector. Additionally, in recent years, several global & regional mining companies have turned their attention to Chile’s undiscovered mineral resources. Consequently, this has generated tremendous opportunities for mining equipment rental companies to offer their products & services. According to the International Trade Administration, Chile’s copper mines are among the industry’s largest contributors, with 72% of its mines owned by private companies and 28% by government companies.
According to COCHILCO 2019-2028 plan, to augment the country’s mining potential, the expected investment in mining for the next 10-years has been estimated to be USD72.5 billion. This includes 23 private, large & medium-sized copper mining projects for USD28.3 billion & 8 Codelco, government-operated projects, amounting to USD23.1 billion. Other minerals such as gold, silver, iron, lithium, and industrial minerals account for another 13 projects worth USD6.9 billion of investment.
Thus, the increasing investments by the private companies have widened the scope for the Chile Mining Equipment Rental market during the historical years and would continue to churn endless opportunities for mining equipment rental companies in the country during the forecast years.
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What segments define The Chile Mining Equipment Rental Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Equipment
-
- Earthmoving Equipment
- Excavator
- Bulldozer
- Loaders
- Backhoe Loader
- Skid Steer Loaders
- Wheel Loaders
- Others (Dozers, Motor Graders, etc.)
- Material Handling Equipment
- Mobile Cranes
- Tower Cranes
- Low & Flat Bed Trailers
- Light Cargo Trucks
- Dump Trucks
- Others (Tipper Trucks, etc.)
- Surface Mining Equipment
- Blast hole Drills
- Hydraulic Mining Shovels and Excavators
- Draglines
- Others (Mining Crushers, etc.)
- Underground Mining Equipment
- Feeder Breakers
- Crane lifts
- Hydraulic Jumbo Drills
- Drifters
- Others (Bolting Systems, Haulage Systems, etc.)
- Other Equipment
- Fuel Trucks
- Mineral Processing Machinery
- Diesel Generators
- Air Compressors
- Lighting Towers
- Others (Man lifts, Implements & Hammers, etc.)
- Earthmoving Equipment
According to report, Among them, the Earthmoving Equipment acquired a considerable share in the Chile Mining Equipment Rental market during the historical period.
By Application
-
- Coal Mining
- Metal Mining
- Mineral Mining
According to report, Of them all, the Metal Mining Application held a dominating share during the historical period.
Explore the Complete Chile Mining Equipment Rental Market Analysis Report – https://www.marknteladvisors.com/research-library/chile-mining-equipment-rental-market.html
Geographical Analysis: Chile Mining Equipment Rental Market
By Region
- North
- Central
- South
Chile Mining Equipment Rental Market Recent Development:
- In 2017, Finning South America, one of the largest Caterpillar equipment dealers globally, acquired a contract worth USD185 million by Lundin Mining Corporation, a Canadian metals mining company, for supplying nearly 70 pieces of new Caterpillar large mining equipment, including off-road trucks, and other equipment to the Candelaria open-pit & underground mines.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of The Chile Mining Equipment Rental Market?
- How is The Chile Mining Equipment Rental Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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