Q2 2013 US Market Reports: Mining, Insurance, Tourism, Real Estate and Commercial Banking Industries Analyzed in New Research Reports
by PR Newswire
DALLAS, Feb. 27, 2013 /PRNewswire-iReach/ -- The value of the US mining industry is forecast to reach US$63.9bn in 2017, representing an average growth rate of 1.6% per annum. The domestic mining sector is seen to be growing at a slower pace than many developed market peers, such as Canada and Australia, but promising opportunities for mine development in the US still exist. With metals prices to stay elevated by historical standards, previously uneconomical deposits may become mineable again. The key drivers of the US mining industry growth forecasts will remain minerals for which global prices and fundamentals remain relatively favourable, primarily copper and gold. In particular, higher gold prices are forecast over 2013 and 2014, which will incentivise production investment. Copper prices will trend lower, but will hold up better than many other metals, such as iron ore, lead and zinc. Therefore, although a number of copper project expansions are seen on the horizon in an effort to counteract several decades worth of falling ore grades in the US, it is expected that weakness in copper prices will force miners to rethink investment expenditures. Furthermore, the report sees minimal investments into mineral resources for other base metals. Weak market fundamentals for zinc and lead will keep price gains modest in the coming years and domestic mining companies in the US are not expected to invest much in developing these resources after production falls in 2012.
The United States insurance report considers the prospects for both life and non-life (property & casualty and health) insurers. As of early 2013, the news flow continues to highlight the strength of both major segments – in face of substantial challenges. In spite of a patchy economy and an interest rate environment that reduces demand for (and/or profits from) particular products, most leading life insurance companies are reporting higher sales volumes (and/or prices) for their offerings – with fixed annuities being the main exception. The implication is that the industry continues to enjoy the trust and support of households and businesses at a time that the numbers of people who are at or near retirement age is growing. Several of the leading life insurance companies (and non-life companies) have been buying back stock. The US treasury has been making a profitable exit from its various exposures to AIG. In what should be seen as a sign of confidence, AIG (which is one of the companies that has been buying back stock) has announced that its global non-life and US life operations will be rebranded AIG and AIG Life & Retirement respectively. Prudential Financial's agreement to buy the individual life operations of The Hartford, in a deal, which closed in early 2013, is another landmark.
The US tourism industry grew strongly in 2012, with full-year arrivals estimated at 55.2mn, a growth rate of 3.9% year-on-year (y-o-y). This rate is forecast to pick up again in 2013, to provide growth of 4.3% y-o-y, or 57.5mn. We expect most of this growth to come from Latin America, particularly arrivals from neighboring Mexico.
With a focus on the principal cities of New York, Los Angeles, Chicago, Dallas and Philadelphia, the US real estate report covers the rental market performance in terms of rates and yields over the past 24 months and examines how best to maximize returns in the commercial real estate market, while minimizing investment risk and exploring the impact of economic on a market that can dictate regional performance. Despite the bleak horizon outlined at the beginning of 2012, the US commercial real estate market is continuing to exhibit signs of a recovery in 2013, albeit a cautious one. Positive consumer sentiment has gone some way to keeping real estate investment afloat. The overriding view seems to be that the outlook for commercial real estate is improving, but that ongoing vulnerability in the market is leading to continued caution among real estate players. This indicates that while the recovery is under way, it will continue to be slow.
- Order / Buy a copy of these reports from links below:
- United States Mining Report Q2 2013 @ http://www.rnrmarketresearch.com/contacts/purchase?rname=80557.
- United States Insurance Report Q2 2013 @ http://www.rnrmarketresearch.com/contacts/purchase?rname=80556.
- United States Tourism Report Q2 2013 @ http://www.rnrmarketresearch.com/contacts/purchase?rname=80559.
- United States Real Estate Report Q2 2013 @ http://www.rnrmarketresearch.com/contacts/purchase?rname=80558
Explore other newly published market research reports on multiple industries and geographies @ http://www.rnrmarketresearch.com/latest_reports.
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