Global Mining Machinery Market Reached 75B USD

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According to market research conducted by IndexBox, from 2007 to 2013, the global mining machinery market showed mixed dynamics. A significant increase in 2010 (+24% Y-o-Y) was followed by a sharp decrease in 2011 (-6% Y-o-Y). Over the next two years, the market increased until it slowed in 2013 (+9% Y-o-Y). Mining machinery production showed similar dynamics over the last few years. From 2007 to 2013, global mining machinery production expanded to 75 billion USD in value terms.

In 2013, the Russian Federation (15%), China (7%), the USA (5%) and Mexico (4%) were the leading destinations of mining machinery imports, together making up 31% of global imports in value terms. While the share of the Russian Federation increased significantly, the share of the USA illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In 2013, China, Germany and Italy were the main global suppliers of mining machinery with a combined share of 47% of global exports. Despite being the largest global producer of mining machinery, China did not export much of its production, meaning that it was domestically consumed.

However, China dominated in global mining machinery production and trade. In 2013, China exported 10.6% of its total mining machinery output.

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• mining machinery market share
• mining machinery prices
• mining machinery industry
• mining machinery sales
• mining machinery market forecast
• mining machinery price forecast
• key mining machinery producers

Source: World: Mining Machinery - Market Report. Analysis and Forecast to 2025