Mining Industry - Five Forces Analysis

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Intensity of Existing Rivalry Government limits competition (Mining Industry) Government policies and regulations can dictate the level of competition within the industry. When... Relatively few competitors (Mining Industry) Few competitors mean fewer firms are competing for the same customers and resources, which is a... Large industry size (Mining Industry) Large industries allow multiple firms and produces to prosper without having to steal market share... Bargaining Power of Suppliers medium Large number of substitute inputs (Mining Industry) When there are a large number of substitute inputs, suppliers have less bargaining leverage over... High competition among suppliers (Mining Industry) High levels of competition among suppliers acts to reduce prices to producers. This is a positive... Volume is critical to suppliers (Mining Industry) When suppliers are reliant on high volumes, they have less bargaining power, because a producer can... Low concentration of suppliers (Mining Industry) A low concentration of suppliers means there are many suppliers with limited bargaining power. Low... Low cost of switching suppliers (Mining Industry) The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching... Threat of Substitutes Limited number of substitutes (Mining Industry) A limited number of substitutes mean that customers cannot easily find other products or services... High cost of switching to substitutes (Mining Industry) Limited number of substitutes means that customers cannot easily switch to other products or... Bargaining Power of Customers Limited buyer choice (Mining Industry) When customers have limited choices they end up paying more for the choices that are available.... Threat of New Competitors High capital requirements (Mining Industry) High capital requirements mean a company must spend a lot of money in order to compete in the... High sunk costs limit competition (Mining Industry) High sunk costs make it difficult for a competitor to enter a new market, because they have to... Industry requires economies of scale (Mining Industry) Economies of scale help producers to lower their cost by producing the next unit of output at lower... Entry barriers are high (Mining Industry) When barriers are high, it is more difficult for new competitors to enter the market. High entry... High learning curve (Mining Industry) When the learning curve is high, new competitors must spend time and money studying the market... What is Porter's Five Forces Analysis? WikiWealth's Five Forces analysis evaluates the five factors that determine industry competition. Add your input to mining-industry's five forces template. See WikiWealth's tutorial for help. Is WikiWealth missing any analysis? Check out our entire database of free five forces reports or use our five forces generator to create your own. Remember, vote up mining-industry's most important five forces statements.