Posted By:Infra Bazaar
The worldwide demand of mining equipment is to expand about 8.6% per year till 2017 i.e., about $135 billion. Metals mining equipment will remain the largest products sector and we may see most fast gains in demand.
Mining Equipment Industry Insights
The mining industry activities are expected to have major driving force in next six years. Mining activities are particularly spreading in nations like India, China and Australia and Iron ore projects are expected to be massive demand in Russia, Brazil and Africa.
Mining Equipment Product Insights
The major mining products segments are analyzed and reported in the recent study where mining drills, breakers, pulverizing crushing and screening equipment and other mining machinery are accounted for 36.3%, these product demand is expected to increase massively in upcoming months because of the attributed growing demand for bauxite and numerous iron projects planned worldwide.
Mining Equipment Study Scope
As per the recent survey, present world mining equipment market sales is around $89.5 billion which represents historical demand data of 2002, 2007 and 2012, and it’s forecasts for $135 billion in 2017 and 2022 by metal, coal and minerals mining market (machinery mining, surface mining, mining drills, underground mining, crushing pulverizing and screening equipment) in world region about 29 countries. The study also considers major market environment factors, details industry structure which could lead the industry to evaluate company market share and 42 industry competitors including Komatsu, Sandvik and Caterpillar.