Mining Equipment Industry – India 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%. India’s growth is forecasted to reach US$8.2 billion by 2017 with a CAGR over 21%.

• 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 13% in 2013

• Metal mining will continue as the largest mining activity in India, while coal mining leads gains.

• According to Kable sources, India is the leading producer of thermal coal with the production estimated to reach 666.3 million tonnes by 2018.”

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