Lucintel Estimates Global Mining Industry to Reach US $1,783 Billion by 2017

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Lucintel Estimates Global Mining Industry to Reach US $1,783 Billion by 2017

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The global mining industry is forecast to witness excellent growth over the next five years. The industry is estimated to reach US $1,783 billion by 2017, with a CAGR of 7.4% from 2012 to 2017. The highly fragmented industry comprises the mining of iron ore, coal, precious metals, diamonds, bauxite, manganese, and base metals. The companies in the industry have adopted new technologies to increase productivity.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the trends and forecasts of the industry and presents its findings in “Global Mining Industry 2012-2017: Trend, Profit, and Forecast Analysis.” The industry is currently using bioleaching technology and automated remote technology for mining, which are anticipated to lead the industry toward sustained growth.

Lucintel's market research report discusses the numerous challenges faced by the industry. The mining market mainly deals with the iron ore, coal, and various precious metals. The scarcity of raw materials, minerals, and valuable metals affect the industry growth. The mining market could also be affected by the increasing rate of recycling of various materials.

In analyzing the factors that affect the growth rate, Lucintel finds that increased demand of iron ore by power plants, the construction industry, and for ports; usage of aluminum in the transportation sector; and demand from the oil and gas sector influenced industry growth. The developing economies of the world are investing in infrastructure development and the construction sector, which drives the growth potential.

This study can provide industry leaders with a competitive benchmarking of the mining industry and up-to-date information on market share, profit margins, capabilities, and strategies of the leaders. It is designed to offer executives strategically significant competitor information, analysis, and insight, critical to the development and implementation of effective marketing and sales plans.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit

Lucintel now offers Live Chat on its website to answer visitors' questions in real time with precision. Visitors can directly chat with our experts free of charge through Live Chat to receive assistance and information regarding Lucintel’s product and service offerings.

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