Global demand for mining equipment is forecast to expand 7.0 percent annually to nearly $105 billion in 2019. Minerals and metals mining will remain the fastest growing markets. China will remain the largest national market, while India will be the fastest growing.This study analyzes the $74.5 billion world mining equipment industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by market (metals mining, minerals mining, coal mining) and product (e.g., surface mining machinery; underground mining machinery; mining drills and breakers; crushing, pulverizing and screening equipment; mineral processing machinery) for six world regions and 20 major countries. Total demand provided for an additional seven countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 40 industry players, 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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