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Demand for Equipment to Mine Metals Drives $135 Billion Anticipated Machinery Sales

Feb. 21, 2014
Asia/Pacific Region identified as key force in the anticipated sales of $135 billion by 2017.

Demand for mining machinery will increase 8.6% to hit $135 billion according to a new study by The Freedonai Group.

Machinery used in mining metals represents the largest segment of the global market.  This is due to the large amount of ore that must be removed leaving the primary metal product.

This global increase is primarily due to demand for mined materials in China, India, and other developing nations, as their industrial output increases.

Read more on Freedonia’s World Mining Equipment study on NED’s companionRoe,