Despite some short term weakness, the worldwide mining machinery market is forecast to expand 8.6 percent per year through 2017 to $135 billion, spurred by voracious demand for mined materials in China, India, and several other developing nations as industrial output increases. Global patterns of investment in mining capacity will be determined in large part by these industrializing countries, as resource companies look to capitalize on new sales opportunities.

1. World Mining Equipment to 2017
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2. World Mining Equipment to 2017
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“World Mining Equipment to 2017” on RnRMarketResearch.com.
World demand to rise 8.6% annually through 2017
Despite some short term weakness, the worldwide mining machinery market is
forecast to expand 8.6 percent per year through 2017 to $135 billion, spurred by
voracious demand for mined materials in China, India, and several other developing
nations as industrial output increases. Global patterns of investment in mining
capacity will be determined in large part by these industrializing countries, as
resource companies look to capitalize on new sales opportunities. Rapid gains in
mining equipment demand will occur in large developing markets such as Brazil,
China, and India, with China being the largest purchaser by a wide margin.
Additionally, machinery demand will expand in other nations with large deposits of
industrial materials, including Australia, Chile, Indonesia, and Peru.
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3. World Mining Equipment to 2017
Asia/Pacific region to see greatest sales growth
The large Asia/Pacific market is expected to post the greatest sales growth through 2017,
fueled by substantial investments in new mine production capacity in several nations.
Strong gains will also be recorded in Central and South America, as mining companies look
to develop the region’s sizable deposits of bauxite, copper, and iron ore. For example, this
region is the largest producer of copper by a wide margin, and the dissipation of
oversupply issues that existed in 2012 and 2013 will allow copper prices to recover and
boost associated mining equipment demand. The Africa/Mideast region will post the next
strongest market advances, followed by Eastern Europe, Western Europe, and North
America. In developed areas, a recovery in construction spending and manufacturing
output will boost demand for nearly all types of mined materials, though more emphasis
on environmentally friendly sources of electricity will dampen thermal coal output.
Key metals mining market to raise at the most rapid pace
While metals mining accounts for a lesser share of mine output than nonmetallic minerals
and coal in volume terms, this application represents the largest segment of the global
mining machinery market due to the large amount of material that typically must be
removed per ton of metal produced.
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4. World Mining Equipment to 2017
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