World Mining Equipment Market Is Expected to Reach $156 Billion by 2022; Finds New Report
"World Mining Equipment Market" the global mining equipment market is expected to garner $156 billion by 2022, growing at a CAGR of 7.9% during 2016 - 2022. Asia-Pacific accounted for the highest revenue of over $50 billion in 2015, followed by LAMEA. The market growth is likely to be driven by increasing demand for coal in electricity generating applications, increasing demand for technologically advanced mining equipment, and rising construction of roads and railways through hilly areas.
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