Global Coal Handling Equipment Market to Reach US$14.3 Billion by 2030
The global market for Coal Handling Equipment estimated at US$12.6 Billion in the year 2024, is expected to reach US$14.3 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2024-2030. Underground Mining Application, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$7.9 Billion by the end of the analysis period. Growth in the Surface Mining Application segment is estimated at 0.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.4 Billion While China is Forecast to Grow at 4.7% CAGR
The Coal Handling Equipment market in the U.S. is estimated at US$3.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.5% and 1.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.0% CAGR.
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