World Mining Equipment Market to Reach $156 Billion, by 2022 -Allied Market Research

According to a new report published by Allied Market Research, titled, "World Mining Equipment Market – Opportunities and Forecasts, 2015 - 2022" the global mining equipment market is expected to garner $156 billion by 2022, growing at a CAGR of 7.9% during 2016 - 2022. Asia-Pacific accounted for the highest revenue of over $50 billion in 2015, followed by LAMEA. The market growth is likely to be driven by increasing demand for coal in electricity generating applications, increasing demand for ...