Mining Equipment Industry – China 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%. China’s growth is forecasted to reach US$92 billion by 2017 with a CAGR over 12%.

• Longwall systems remain the only mining equipment that has grown steadily in the review period. From the previous year, the equipment has seen a growth of 15% in 2013.

• Coal mining will continue as the largest mining activity in China, while metal mining leads gains.

• According to Kable sources, China is the largest producer of iron and thermal coal, and the production of the commodities are estimated to reach 1.02 billion tonnes and 3.63 billion tonnes by 2018.”

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