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China underground mining equipment market was valued at USD 10 billion for 2016 and is forecasted to grow at a CAGR of 7 during the forecast period and reach a valuation of USD 17 2 billion by 2024
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The demand for underground mining equipment market in Asia Pacific is greatly influenced by depleting surface mineral reserves and increasing number of mining activities in countries including China Australia and India
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China Underground Mining Equipment Market 2024 Outlook
The global mining equipment market size was valued at USD 120 82 billion in 2017 and is anticipated to record a CAGR of 11 7 during the forecast period Growing drilling and exploration activities across the globe are projected to drive the market over the coming years
