Iron Ore Market Comprehensive Research, Industry Growth And Development Status
Posted by Meghana on May 24th, 2021
The Iron Ore Global Market Report 2020-30 by The Business Research Company describes and explains the global iron ore market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Iron Ore Global Market Opportunities And Strategies Report covers iron ore market drivers, iron ore market trends, iron ore market segments, iron ore market growth rate, iron ore market major players, and iron ore market size.
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The iron ore market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Iron Ore Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Robotics In Iron Ore Mining-
The use of robots in the iron ore industry is improving the efficiency and productivity of iron ore mines, and also reduces operational costs. Robotics is significantly increasing mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for human workforce. Robots are used in some critical mining activities such as drilling, blasting explosives in the mines, and guiding and driving off-highway haul trucks operating in mines. RioTinto has deployed driverless trucks and robotic rock drilling rigs to haul the ore 24 hours a day and reported a 15% reduction in operating costs. For instance, in four of Rio Tinto`s iron-ore mines, in Australia, the company has been using 73 driverless trucks to carry iron ore 24 hours a day. Employees track the operation of the vehicles from 750 miles away, at the centralized control center in Perth.
The market is segmented:
By Type Of Ore-
a. Agglomerated Iron Ores
b. Nonagglomerated Iron Ores And Concentrates
By End-Users-
a. Construction
b. Manufacturing
c. Others
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