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Lucintel Projects Good Growth for Gold Mining Industry: Estimated to Approach $99 Billion in 2018
Irving, Texas (PRWEB) March 10, 2013
Gold mining is excavation of gold from the ground. The global gold mining industry, which has experienced good growth, in recent years, is expected to carry that growth momentum into the future. The industry is expected to reach $98.9 billion in 2018, growing at a CAGR over the next five years. There is high competitive rivalry in the industry. Companies are using advanced and modernized technology for mining, which proves to be beneficial for increasing productivity.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the industry and presents its findings in “Global Gold Mining Industry 2013-2018: Trend, Profit, and Forecast Analysis.” The industry is highly fragmented. A combination of factors such as growth in related complementary industries, governmental regulations, cyclical fluctuations in input prices, general economic conditions, and end-use markets are witnessed to affect the industry dynamics significantly.
Lucintel’s analysis points out that rising opportunity in the gold mining market attracted more players to enter the market and increase competition ultimately resulting in the fragmentation in the industry. Gold demand plunged to zero level during the initial months, due to decrease in consumption of gold because of high price in the international market.
The industry research report refers to the fact that the industry witnessed good growth due to players’ improved operational and supply chain performance, supported by strong demand. The industry also maintained the same employment levels throughout the period, as the rising price of gold increased the overall revenue of the industry, which in turn resulted in increased revenue per employee.
The study provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders within the industry. The report helps current suppliers realistically assess their capabilities and strategies, vis-a-vis leading competitors.
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 helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, target screening and cost efficiency. To learn more, visit http://www.lucintel.com.
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