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Mining Equipment Industry India Market Data 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%.
Construction and mining equipment cover a variety of machinery such as hydraulic excavators, wheel loaders, backhoe loaders, bull dozers, dump trucks, tippers, graders, pavers, asphalt drum / wet mix plants, breakers, vibratory compactors,
Surface mining equipment held the largest share of the overall revenue in 2019 and is expected to maintain its lead over the forecast period. Increasing demand for coal, iron ore, chromium, and diamonds in emerging economies is expected to provide growth avenues for the surface mining equipment over the next few years.
19.10.2018· Construction and mining equipment sales in India grew 17 per cent in 2017-18, building on the 36 per cent upswing witnessed in 2016-17. There is significant push from the government in the infrastructure sector.