Heavy
Industries have the major share in the market of machine tools and
cutting tools being more than50% of the market’srevenue generator
globally. The heavy industries primarily includes the machines used
in energy and mining sector. The oil and gas and mining industries
processes havehostile conditions that has severe effect on the
material used in equipment. These conditions has led to the rise in
demand for efficient equipment in cutting and machine tools
categories.The exploration of new reserves, particularly of shale oil
in several region around the world, has helped in increasing the
demand for equipment used in oil and gas industry. The exploration
and other upstream activities, requires cutting into the rock
covering the digging surfaces on lands or sea beds.
Browse
Rock Cutting Tools Market Report with Full TOC at
http://www.transparencymarketresearch.com/rock-cutting-tools-market.html
The
rock cutting equipment such as drill bits are used in upstream
activities for onshore as well as offshore exploration.These drill
bits are placed on the tip of drillstring. Usually a rotating
equipment, the drill bit has two or three cones made of hard
materials such as steel, natural and synthetic diamonds, and tungsten
carbide. The drill bits can be divided into category as rolling
cutter bits and fixed cutter bits. The mining sector is another major
user of the rock cutting tools. The mining is done for exploration
for metals, minerals, precious stones, and coals among others. Apart
from this, rock cutting tools are also used in the construction
sector.
Chisels,
one of the oldest used tool in rock cutting, are mostly used in
mining. The more advanced technology for rock cutting can be seen in
the formof rock blasting, water hydraulic rock drills and vibration
assisted tools. The diamond tipped tools and carbide tools are also
used in mining industry. The efficiency in mining has increased due
to the use of latest technology as they give precision as well as are
time savers. Rock blasting uses the explosives, gas pressures or
plasma pressures to breakdown the rock. It is mostly used in mining,
civil engineering and quarrying. The rock blasting output are usually
called as rock cut.
Get
Inquiry About Report
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6029
Rise
in population has affected the demand ofpower supply. The demand for
energy is more as compared to its supply. The developing nations such
as India and China are trying to increase their supply capacity to
curb the fluctuations in current power supply. However, the oil and
gas industry is facing over capacity adversities due to which the
prices of oil and gas have declined.This over capacity can be
accounted due to decrease in demand for oiland gas energy supply. The
world is facing economic slowdown especially due to reduction in
growth rate of China and the economic crisis faced by Europe.Along
with this, the dependency on non-conventional energy resources and
regulation for reducing carbon emission are increasing worldwide.
These factors combined with the efficient equipment being used have
curtailed the demand for oil and gas sector. This may affect the
market for rock cutting tools used in the oil and gas industry.
Oversized
inventories of metals in countries of heavy demand has also hit the
mining sector, where the reserves are in excess for important metals
such as copper and iron ore. The biggest importer of copper and other
mined metals, China is slowing down its import. This factors combined
with the decreasing pace of infrastructure development have led to
reduction in demand of metals. The policies to curb the carbon
emissions along with the depletion of coal reserves has also affected
the mining industry. Mining sector is projected to stabilize again in
few years as most of the companies are trying to reduce their
exploration activities and focus on handling reserves for few years.
Thus the rock cutting tools market may show slower growth.
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
Some
of the companies in rock cutting tools market are Sandvik Mining and
Construction, Gandtrack Ltd.,PetroArc International, TFT-PNEUMATIC,
LLC, Trow and Holden Company,Nakoda Machinery Pvt. Ltd., Mitsubishi
Materials Corporation, and Widespread Industrial Supplies, Inc.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
This
report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.Nachiket
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment