Asia Mining Industry 2015 Purchasing Trends and Intentions

DALLAS, March 2, 2015 /PRNewswire/ --

MarketReportsStore.com offers Purchasing Trends and Intentions in Asian Mining 2015 research report that provides a detailed analysis of purchasing methods and expected expenditures for Asian mines.

The report Purchasing Trends and Intentions in Asian Mining 2015 provides a detailed analysis of purchasing methods and expected expenditures for Asian mines across plant and heavy equipment; parts and components; explosives, blasting materials and chemicals; and maintenance services. There is a focus on procurement methods and expenditure analysis is broken down into four areas. The analysis is based on researcher extensive survey of 115 mine managers, procurement managers and other key decision-makers.

The survey is based on responses from 115 senior managers and decision makers at operating Asian mines, responsible for the purchase of equipment for plant and mine operations, along with its consumables. Survey respondents came from seven different countries: India, Indonesia, the Philippines, Pakistan, Vietnam, Mongolia and Thailand. This included six different commodity groups and a range of surface and underground mining operations. Complete report is available at http://marketreportsstore.com/purchasing-trends-and-intentions-in-asian-mining-2015/ .

Overall trends in the data revealed: 

• Outright purchase is the most common purchasing method
• Asian miners are optimistic about future expenditure
• Challenges in sourcing products are primarily related to supplier attributes and capabilities
• Asian miners are increasing their levels of procurement centralization

Areas of analysis cover by this report include: Current methods for acquiring equipment, with a review of outright purchasing, rental, leasing and other types of financing arrangement.; Future trends in expenditure and expectations for increased or decreased spend in four areas: plant and heavy equipment, equipment parts and components, explosives materials, and maintenance services.; An analysis of future changes to the number of supplier relationships, and whether respondents expect greater or fewer supplier relationships over the next 12 months.; Investigation into the biggest challenges facing buyers and decision makers in sourcing the right products.; The extent to which preferred supplier arrangements are in place, and predictions for increased centralization of procurement. Order a copy of this report at (Prices start at US $ 2495 for a single user PDF) http://marketreportsstore.com/purchase?rname=30809 .

Key highlights cover by this report include: Outright purchase is the most common purchasing method for mining equipment, used by 52% of respondents; Asian miners are optimistic about future expenditure, with the majority of respondents expecting expenditure to increase across all four categories of plant, equipment, consumables and services investigated; Some 67% of respondents identified that their biggest challenges when sourcing products were factors related to supplier capabilities, such as availability of parts and on-time delivery; Some 52% of respondents expect greater centralization of procurement over the next two years.

Reasons to buy 

• Compare the methods Asian miners use to acquire equipment, and how this is expected to change.
• Plan ahead based on general expectations within the Asian mining industry for future expenditure, and how this varies by segment, such as mine type, commodity and company size.
• Understand how different customer segments in Asian mining plan to rationalise or extend their supplier networks.
• Identify the major challenges Asian miners face when sourcing equipment, and incorporate solutions to these in your sales, marketing and product strategies.

Explore more reports on all sectors of mining industry at http://marketreportsstore.com/category/mining/ .

Other Related Reports: 

Maintenance and Aftermarket Preferences in Asian Mining 2015: Between September and October 2014, Researcher surveyed 115 mine managers, maintenance managers, procurement managers and other key decision-makers in over 100 operating Asian mines. The survey primarily assessed the maintenance and equipment support preferences provided by original equipment manufacturers and independent third-party companies. The survey is based on responses from 115 senior managers and decision makers at operating Asian mines, responsible for the purchase of equipment for plant and mine operations, along with its consumables. Survey respondents came from seven different countries: India, Indonesia, the Philippines, Pakistan, Vietnam, Mongolia and Thailand. This included six different commodity groups and a range of surface and underground mining operations.

Key highlights 

• OEMs are used in some way over 70% of the time in the Asian mining industry.
• When comparing mine types and OEM use, between 50% and 68% of underground mining respondents would use third-party providers for parts and equipment. There is a stronger focus on original parts to use OEMs. In comparison, 50% of surface mining operations utilize third-party providers in some form.
• Instead of an involving after-sales contract, with lifecycle management being the most preferred, the majority of respondents opted for the operation and maintenance, or maintenance only support structure. Lifecycle management is the least preferred.

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