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Mining Equipment Market, By Product . China mining equipment market share, by product, 2017. Get more details on this report - Request Free Sample PDF . In 2017, surface mining machinery market accounted for over 30% of the overall industry share.
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Industry Insights. The global mining equipment market size was valued at USD 120.82 billion in 2017 and is anticipated to record a CAGR of 11.7% during the forecast period. Growing drilling and exploration activities across the globe are projected to drive the market over the coming years.
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Mining Equipment Market By Type (Surface Mining, Mineral Processing, Underground Mining, Mining Drills and Breakers, Crushing, Pulverizing and Screening Equipment), By Application (Metal Mining, Mineral Mining, Coal Mining), Industry trends, Estimation & Forecast, 2016 - 2024
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Market Overview. The mining equipment market is anticipated to record a CAGR of 8.27%, during the forecast period, 2019-2024. Mining, as an industry, involves huge capital investment, of which, over one-third is for equipment. Any country that hosts mining operations is bound to have monetary, labor employment, and local industrial benefits.