Mining Equipment Industry – Brazil Market Data

Date: 2015-08

“• According to Kable sources, the global mining equipment industry in 2017 is estimated to increase at an annual growth rate of over 8.5%. Brazil’s growth is forecasted to reach US$6.5 billion by 2017 with a CAGR over 5%.

• Backhoe Loaders remain the only mining equipment that has grown steadily in the review period. From the previous year, the equipment has seen a growth of 35% in 2013

• Metal mining will continue as the largest mining activity in Brazil.

• According to Kable sources, Brazil is the largest producer of iron ore with the production estimated to reach 1.2 billion tonnes by 2018.”

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