Global demand for mining equipment is forecast to expand 6% annually to $197 billion in 2029. Growth will be supported by technological innovation in the mining sector, increasing mining output, the replacement of aging machines, and the opening of new critical minerals and metals mines around the world (aided by government initiatives).
This report covers the global mining equipment market by product, market, and region. Demand is presented in US dollars.
Sales by product are presented for:
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