PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Rising Mining Investments Push Australia Gear/Gearbox Markets to 282 Million by 2016 Finds Frost & Sullivan - The market for gears and gearboxes in the mining industry is seeing significant growth driven by the resurgence of the mining sector in Australia
Rising Mining Investments Push Australia Gear/Gearbox Markets to 282 Million by 2016 Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Sydney, Australia, 2011/02/17 - The market for gears and gearboxes in the mining industry is seeing significant growth driven by the resurgence of the mining sector in Australia.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The boom in commodities' prices, driven particularly by the growing demand from China for iron ore, is leading to significantly enhanced investment in the mining industry in Australia. These price increases have improved the economic viability of many mining investments and led to the proliferation of both greenfield and brownfield projects.

New analysis from Frost & Sullivan (motors.frost.com), The Australian Market for Gears and Gearboxes in the Mining Industry, finds that the market earned revenues of $170 million in 2009 and estimates this to reach $282 million in 2016.

"In the future, investment in capital equipment will remain strong, and the industry is likely to see growth averaging 8 percent annually," says Frost & Sullivan Australian Managing Director Mark Dougan. "The hike in investment in the mining sector has triggered a demand upsurge for gears and gearboxes, which are used in a variety of applications including conveyors, mills, and draglines."

The Australian market for gears and gearboxes in the mining sector is at a mature stage. Multinational gearbox suppliers dominate the landscape; they usually import the products into the country. As only a few organizations have local gear-cutting capabilities, most suppliers carry out only gearbox assembly operations in Australia.

Although the prospects for the market are bright, there are some challenges facing suppliers. Escalating material and labor costs and exchange rate fluctuations have affected pricing. The recent strength of the Australian dollar, particularly against the US dollar, has made imported gears and gearboxes more competitive in price terms against locally-manufactured products.

The impact of the proposed Mineral Resources Rent Tax (MRRT) and the infrastructure constraints on the industry is creating some uncertainty. The MRRT will restrain mining investment to some extent, at least until its details are fully worked out. This will take time, considering the current political environment in Australia. As a consequence, some mining projects will be delayed or deferred during the short term.

The geographically dispersed nature of the mining industry in Australia has thrown up logistical challenges for suppliers of equipment and service providers. Regular face-to-face interaction with customers is difficult, unless there is direct presence in or around those locations.

The entry of Chinese companies has caused issues for current suppliers as these Chinese competitors are able to produce acceptable quality products at low prices. In this scenario, service capabilities of suppliers will play a key role in customer retention. Customer responsiveness is becoming an increasingly important attribute for market success.

'With increased market competition, gear and gearbox suppliers need to focus on building and strengthening customer relationships, " says Dougan. "They must offer customized gearing solutions with greater technical design capability."

If you are interested in more information on this study, please send an E: to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company E: address, company website, city, state and country.

The Australian Market for Gears and Gearboxes in the Mining Industry is part of the Mechanical Power Transmission Growth Partnership Services program, which also includes research in the following markets: motors, drives, gears and gearboxes. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

The Australian Market for Gears and Gearboxes in the Mining Industry / P4BB

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


Rising Mining Investments Push Australia Gear/Gearbox Markets to 282 Million by 2016 Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Donna Jeremiah / Carrie Low 
+603 6204 5832 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards
Metso to Provide Crushing and Screening Plant and Life Cycle Services At Tata Steel's Sedibeng Iron Ore Mine
Metso Awarded its Largest Long-term Strategic Services Contract in North America with the World's Second Largest Producer of Soda Ash
Metso's Lokotrack® Machine Handovers During Bauma 2016 Highlight Customer Loyalty and Long Distributor Relationships
Metso Launches the N Series - A New Recycling Equipment Product Range to Offer Versatility and A Broader Choice to the Scrap Metal Industry
Metso Recognized Codelco El Teniente as the First Mining Company to Use Metso's Innovative Grinding Technology

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)