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Research analysis on the global mining equipment rental market identifies that the increasing demand for coal will be one of the major factors that will have a positive impact on the growth of the market. There is a rising demand for coal from the developing countries due to the increased demand for energy and power. The government of India is focusing on boosting the domestic production of coal, which will help in lowering its dependence on coal imports. Additionally, the rise in the construction of roads, buildings, and bridges also fuel the demand for coal since it is used in steel and cement manufacturing. This will escalate coal mining activities, which will subsequently fuel the demand for mining equipment for rent. Technavio's market research analysts predict that this market will generate a revenue of more than USD 64 billion by 2021.
In terms of geography, APAC contributed the largest revenue share of this market during 2016. Supported by government policies, extensive natural resources, and R&D in mining technologies and equipment, the mining industry is witnessing growth in countries such as Australia. This growth of the mining industry will propel the market's growth prospects in this region.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by equipment type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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