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Closure of coal mines in the region is expected to affect employment rate across the regions which is further expected to affect the revenue growth for mining PPE during the forecast period
Closure of coal mines in the region is expected to affect employment rate across the regions which is further expected to affect the revenue growth for minin
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•Closure of coal mines in the region is expected to affect employment rate across the regions which is further expected to affect the revenue growth for mining PPE during the forecast period. •High labor and energy costs especially in metal mining industry has resulted in higher operating costs which further affects the profitability of the mining projects. PPE being a cost sensitive market, mining companies in such cases may cut down the safety budget which further negatively impacts the PPE adoption rates in the region.•In the region, for some metals the mining depths are deeper in comparison with other countries. This further is likely to result in raising the cost of project.•Even though Europe has a developed transport and infrastructure facilities, environmental regulations coupled with public opposition to mining activities is expected pose a major challenge for the mining industry growth.•Another major factor which is likely to affect the mining PPE market is the declining number of active mines in the region. Countries such as but not limited to Austria, Ireland, Portugal, Sweden, UK and Ireland have active mines in the region.Simplifying the regulatory process, addressing the energy costs and initiatives by the government to provide funding for research and exploration activities is likely to play a pivotal role in supporting the growth of mining industry in the region. This will further positively influence the employment rates in mining industry and increase the adoption rates for PPE during the forecast period .•Negative perception of mining industry is expected to affect the mining operations and further affect the mining PPE during the forecast period. Social license to operate the mines have been a key challenge for the growth of mining sector in the region. Poor historic record in protecting the environment after completion of mining activities has been a key reason for declining popularity of mining activities in the region.•Waning mineral exploration activities is expected to further affect the mining PPE adoption rates in the region. The region accounted for around 3% of global exploration expenditure in 2017.•Financing for majority of mining and exploration activities is raised through stock exchanges. London, Australia and Toronto are the key stock exchanges for raising the finance for mining sector. With LSE being one of the major stock exchanges for raising finance for the mining industry, BREXIT is likely to affect financing for exploration activities in the region, which further reflects weak exploration performance of CEE.•Even though the region faces key challenges as discussed, but factors such as strong economic policy, well defined regulatory framework and mature work safety culture have been instrumental in ensuring that the investors have a good perception about the region. Such factors are expected to play a key role in ensuring stable growth for mining sector in the region thus fostering the demand for PPE in upcoming years.
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