The world market for mining equipment is projected to climb 8.5 percent annually through 2015 to $92 billion. Demand will be stimulated by an increase in mining output growth as global manufacturing activity and construction expenditures accelerate in a generally favorable economic climate. Commodity prices are also expected to remain high by historical standards, contributing to a rise in resource exploration and development activity, and associated mining machinery sales. In addition, efforts to increase mechanization of mining operations in the huge Chinese market and boost productivity in high labor cost areas such as Australia and Canada will bolster overall equipment demand.

        This upcoming industry study presents historical demand data (2000, 2005, 2010) plus forecasts for 2015 and 2020 by product, market, world region and for 31 countries. The study also considers key market environment factors, evaluates company market share and profiles 40+ industry competitors.