Explosive Accessories Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Explosive Accessories category?

Are you looking for answers on Explosive Accessories category?

  • What are the key trends in Explosive Accessories category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Explosive Accessories industry?
  • How is Explosive Accessories industry performing?

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Report Coverage

  1. Market Analysis
  2. Cost and Pricing Analysis
  3. Price Driver Analysis
  4. Procurement Analysis

Production Size

Global market Size

$2.13 Billion

North America

$509 million

LATAM

$288 million

Africa

$198 million

Table of Contents

  1. Executive Summary
  2. Category Landscape
  3. Regional Market Outlook
  1. Market Analysis
  2. Market Overview
  3. Global Market Maturity
  4. Industry Trends
  5. Global Market Outlook
  6. Market Drivers and Constraints
  7. Market Driver – Commodity Prices
  8. Regional Market Outlook
  9. Global Porter’s Five Forces Analysis
  1. Cost and Pricing Analysis
  2. Cost Structure
  3. Cost Component Analysis
  4. Cost Driver Trends and Impact
  5. Price Driver Analysis
  1. Procurement Analysis
  2. COVID-19 Impact: Sourcing Location Watch
  3. COVID-19 Impact: Supplier & Industry Watch
  4. LCCS Analysis and Sustainability Initiatives
  5. Procurement Best Practices
  6. Sourcing Channels
  7. Engagement Models
  8. Industry Risk Analysis

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Explosive Accessories Global Market Outlook:

Market Overview:

Global market size: $2.13 Billion (2019)
Expected to grow at a CAGR of 4–5 percent to $2.45 Billion by 2022

Market Driver
• Commodity Prices
• Demand for Coal and Metals
• Economic Growth in China, India, and other emerging nations

Porter's Analysis on Explosive Accessories

Supplier Power

  • On a global scale, the industrial explosive and accessories market is consolidated with major manufacturers, such as Orica, Dyno Nobel, AEL, etc.
  • The other significantly larger suppliers are regional, and they influence the local pricing
  • Suppliers offer fully integrated supply of explosives, accessories, and services, which offer the best supply security and reliability

Barriers to New Entrants

  • The barrier to new entrants is medium to high for explosive accessories category
  • While the barrier is high for some explosive accessories, like blast initiation devices, safety fuse, detonating cord, etc., due to the use of explosive agents in the product as well as the integrated nature of accessories, explosives, other accessories, such as connectors, lead wires, ohm-meters, and multi-meters, could have other players. However, the primary players are full service integrated suppliers, which will continue to act as a barrier

Intensity of Rivalry

  • Intensity of rivalry among major suppliers of explosives and accessories is high, while smaller suppliers find it difficult to compete with the major manufacturers, due to the fully integrated supply and service model that permeates the mining industry

Threat of Substitutes

  • There are no known substitutes, which can currently replace explosives and accessories in blasting operations performed in mines and quarries
  • End users can select among different types of initiating systems (non-electric, electric, and electronic) based on requirements, cost, and safety standards to be adopted for each application

Buyer Power

  • The current supply surplus scenario gives the buyer negotiation leverage with explosive and accessories manufacturers, due to reduced commodity demand globally, especially the decline in coal mining
  • While major mining companies have an advantage over junior miners, the buyer power is low, due to consolidated suppliers dominating the market
  • Buyers look to engage with full service providers for supply of explosives, accessories, and services

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