Top report on Retaining Business in the Asian Mining Equipment Sector, 2015

on Tuesday, 3 March 2015 include new market research report " Winning and India’s Mining Fiscal Regime, H2 2014: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

This report provides a detailed analysis of customer preferences in the Asian mining sector, focusing on the factors that influence purchasing decisions and the performance of major equipment suppliers. The analysis is based on Timetric’s extensive survey of 1156 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 7 different countries: India, Indonesia, the Philippines, Pakistan, Vietnam, Mongolia and Thailand. This included 6 different commodity groups and a range of surface and underground mining operations.

Reasons to buy:-
  • Identify key areas for differentiation by understanding what factors most influence choice of supplier
  • Target product and service improvement areas based on where mining equipment suppliers are currently underperforming relative to customer expectations
  • Develop successful sales and marketing strategies through an understanding of the leading competitors and their strengths and weaknesses.
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Key highlights:-
  • When choosing an equipment supplier, respondents rate ‘Production reliability and quality’ and the ‘Availability of replacement parts’ as most important. However, over half of respondents feel that suppliers need to improve in the latter.
  • Overall the major suppliers such as Caterpillar, Komatsu, Volvo, BEML, L&T, perform well in terms of customer satisfaction, however, their weakest ratings were given for two of the three most important factors for respondents.
  • Account managers make a significant impact in the selection process with 92% of respondents citing ‘Better understanding of your needs’ and ‘Better ability to build a long-term relationship’ as differentiating factors when choosing their current main supplier.
  • It was noted that there is a strong belief amongst respondents that their choice of equipment was the correct one, with 92% of respondents agreeing they would choose the same supplier if they had the choice again. However, when asked if they would choose a different supplier within five years, 52% expect to change.
  • The three leading areas for improvement identified by respondents were an ‘ability to support cost reduction’, ‘product quality and reliability’ and the ‘availability of parts’

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