Global mining equipment industry to grow 8.5% CAGR to 2018

Published: Friday, 24 October 2014

According to a new report by Transparency Market Research, growth will be driven by iron ore and activity in oil refineries – good news for mining services providers, who have generally been in agreement that demand would be unlikely to materialise before the end of 2014.

The global mining equipment industry is expected to reach $117bn by 2018, according to a new report by Transparency Market Research.

According to the report, titled “Mining Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012-2018”, the global value of the industry is expected to grow...

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