Global Metal Ore Mining Market to Reach $2.1 Trillion by 2030
The global market for Metal Ore Mining estimated at US$924.9 Billion in the year 2023, is expected to reach US$2.1 Trillion by 2030, growing at a CAGR of 12.8% over the analysis period 2023-2030. Iron Ore Mining, one of the segments analyzed in the report, is expected to record a 14.5% CAGR and reach US$955.9 Billion by the end of the analysis period. Growth in the Copper Ore Mining segment is estimated at 11.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $249.2 Billion, While China is Forecast to Grow at 17.7% CAGR
The Metal Ore Mining market in the U.S. is estimated at US$249.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$506.4 Billion by the year 2030 trailing a CAGR of 17.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 10.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$323.3 Billion by the year 2030.
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