PUBLISHER: The Freedonia Group | PRODUCT CODE: 1724185
PUBLISHER: The Freedonia Group | PRODUCT CODE: 1724185
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:
Sales by market are presented for:
Sales are presented for 18 countries in the following regions:
Scope of the report:
This report analyzes the scope, size, and growth of the global mining equipment market, including key trends in products, markets, and regions. Historical data are provided for 2014, 2019, and 2024 for demand, with forecasts for 2029 and 2034. In addition, annual historical and forecast data is provided for selected time series (2021-2028). Data are provided in US dollars. Also included is an analysis of key industry players and their global market share.