Global demand for mining machinery is forecast to expand 8.6 percent per year through 2017 to $135 billion. The Asia/Pacific region and Central and South America will be the fastest growing markets. Metals mining equipment will remain the largest product segment and will see the most rapid gains in demand.This study analyzes the $89.5 billion world mining equipment industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by market (metals mining, coal mining, minerals mining), product (e.g., surface mining machinery; underground mining machinery; mining drills and breakers; crushing, pulverizing and screening equipment; mineral processing machinery), world region, and for 29 countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 42 industry competitors, including Caterpillar, Komatsu and Sandvik.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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