How Big is the Chile Mining Equipment Rental Market?
The Chile Mining Equipment Rental Market is anticipated to grow at a CAGR of around 3.8% during the forecast period, 2022-27. The Chile Mining Equipment Rental market has gained prominence in recent years, owing to favorable government policies to promote mining activities, booming metal, mineral, and coal exports, as well as a growing interest from global mining companies to explore Chile's mines. Chile has been one of the leading producers of copper, lithium, iodine, rhenium, sodium, and potassium nitrate, among various others. Additionally, numerous countries, including China, the US, Brazil, Argentina, South Korea, Japan, etc., are some of the major buyers of Chile mined products. Furthermore, rising mining exploration activities in the country have increased the demand for mining equipment such as excavators, loaders, cranes, dump trucks, draglines, etc.
Market Statistics
- Market Growth Rate (CAGR): 3.8% from 2022-2027
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/chile-mining-equipment-rental-market.html
Chile Mining Equipment Rental Market Insight:
Driver-
Burgeoning Private Investments in Mining Sector
The rise in investments in mining by private players is one of the primary reasons for the rapid development of the country’s mining sector. Additionally, in recent years, several global regional mining companies have turned their attention to Chile's undiscovered mineral resources. Consequently, this has generated tremendous opportunities for mining equipment rental companies to offer their products services. According to the International Trade Administration, Chile's copper mines are among the industry's largest contributors, with 72% of its mines owned by private companies and 28% by government companies.
According to COCHILCO 2019-2028 plan, to augment the country’s mining potential, the expected investment in mining for the next 10-years has been estimated to be USD72.5 billion. This includes 23 private, large medium-sized copper mining projects for USD28.3 billion 8 Codelco, government-operated projects, amounting to USD23.1 billion. Other minerals such as gold, silver, iron, lithium, and industrial minerals account for another 13 projects worth USD6.9 billion of investment.
Thus, the increasing investments by the private companies have widened the scope for the Chile Mining Equipment Rental market during the historical years and would continue to churn endless opportunities for mining equipment rental companies in the country during the forecast years.
Chile Mining Equipment Rental Market Segmentation:
The report has segmented the market into the following categories:
By Equipment
- Earthmoving Equipment
- Excavator
- Bulldozer
- Loaders
- Backhoe Loader
- Skid Steer Loaders
- Wheel Loaders
- Others (Dozers, Motor Graders, etc.)
- Material Handling Equipment
- Mobile Cranes
- Tower Cranes
- Low Flat Bed Trailers
- Light Cargo Trucks
- Dump Trucks
- Others (Tipper Trucks, etc.)
- Surface Mining Equipment
- Blast hole Drills
- Hydraulic Mining Shovels and Excavators
- Draglines
- Others (Mining Crushers, etc.)
- Underground Mining Equipment
- Feeder Breakers
- Crane lifts
- Hydraulic Jumbo Drills
- Drifters
- Others (Bolting Systems, Haulage Systems, etc.)
- Other Equipment
- Fuel Trucks
- Mineral Processing Machinery
- Diesel Generators
- Air Compressors
- Lighting Towers
- Others (Man lifts, Implements Hammers, etc.)
By Application
- Coal Mining
- Metal Mining
- Mineral Mining
By Region
- North
- Central
- South
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/chile-mining-equipment-rental-market.html
Competitive Landscape:
- KOMATSU Chile
- Caterpillar
- Liebherr International
- CASE Construction
- MPM LTDA
- FleetCo
- Emeco Holdings
- SK Rental
- AMECO South America
- Lanztec
- Others.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*
Key Highlights of the Report:
- Market Performance (2022-2027)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
Other Report:
- Sustainable Wires and Cables Market Size, Growth Trends [2030]
- Email Encryption Market Size, Share Industry Report | 2024-2030
- Beer Processing Market - Global Analysis Forecast of 2025-2030
- Push-to-Talk (PTT) Market Size, Share Analysis | Forecast 2030
- Middle East Fifth-party Logistics (5PL) Market Size | Growth Report [2030]
About Us –
We are a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
Contact Us –
Call +1 628 895 8081, +91 120 4278433
Email: sales@marknteladvisors.com
