Global Mining Tools Market Growth 2019-2024

Mining tools is the hand tools that used in mining industry. The tools mainly used for the maintenance of machinery and equipment. The Major regions to produce mining tools are United States, Europe and China, which accounting for more than 81.7% of production value in total. China is the largest production region (production value share 32.49%). The market is supplied by a combination of large multinational firms and smaller local companies. The largest producer is Apex Tool Group, accounting for 15.9% market share in value in 2015,followed by Stanly Black &Decker, Snap on, Irwin and Westward. The industry competitive landscape is relatively stable. These companies tend to compete against each other globally to supply most of the largest mining tools markets. These leading global firms also face competition from local players. The market scale will keeps increasing in the next few years. Although sales of mining tools brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the mining tools field. According to this study, over the next five years the Mining Tools market will register a 1.6% CAGR in terms of revenue, the global market size will reach US$ 190 million by 2024, from US$ 170 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Mining Tools business, shared in Chapter 3. This report presents a comprehensive overview, market shares, and growth opportunities of Mining Tools market ...
Table of Contents 2019-2024 Global Mining Tools Consumption Market Report 1 Scope of the Report 1.1 Market Introduction 1.2 Research Objectives 1.3 Years Considered 1.4 Market Research Methodology 1.5 Economic Indicators 1.6 Currency Considered 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Mining Tools Consumption 2014-2024 2.1.2 Mining Tools Consumption CAGR by Region 2.2 Mining Tools Segment by Type 2.2.1 Tool Kit 2.2.2 Single Tools 2.3 Mining Tools Consumption by Type 2.3.1 Global Mining Tools Consumption Market Share by Type (2014-2019) 2.3.2 Global Mining Tools Revenue and Market Share by Type (2014-2019) 2.3.3 Global Mining Tools Sale Price by Type (2014-2019) 2.4 Mining Tools Segment by Application 2.4.1 Underground Mining 2.4.2 Opencast Mining 2.5 Mining Tools Consumption by Application 2.5.1 Global Mining Tools Consumption Market Share by ...
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