The global underground mining equipment industry was valued at 22 billion U.S. dollars in 2023 and is projected to increase to 29 billion U.S. dollars by 2032. One of the main challenges for the underground mining equipment industry is the high cost of mining equipment.
Market value of the underground mining equipment industry worldwide from 2021 to 2023, with a forecast for 2032
(in billion U.S. dollars)
Characteristic
Market value in billion U.S. dollars
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Global Market Insights. (March 31, 2024). Market value of the underground mining equipment industry worldwide from 2021 to 2023, with a forecast for 2032 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1473537/global-market-value-of-underground-mining-equipment/
Global Market Insights. "Market value of the underground mining equipment industry worldwide from 2021 to 2023, with a forecast for 2032 (in billion U.S. dollars)." Chart. March 31, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1473537/global-market-value-of-underground-mining-equipment/
Global Market Insights. (2024). Market value of the underground mining equipment industry worldwide from 2021 to 2023, with a forecast for 2032 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1473537/global-market-value-of-underground-mining-equipment/
Global Market Insights. "Market Value of The Underground Mining Equipment Industry Worldwide from 2021 to 2023, with a Forecast for 2032 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Mar 2024, https://www.statista.com/statistics/1473537/global-market-value-of-underground-mining-equipment/
Global Market Insights, Market value of the underground mining equipment industry worldwide from 2021 to 2023, with a forecast for 2032 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1473537/global-market-value-of-underground-mining-equipment/ (last visited July 22, 2024)
Market value of the underground mining equipment industry worldwide from 2021 to 2023, with a forecast for 2032 (in billion U.S. dollars) [Graph], Global Market Insights, March 31, 2024. [Online]. Available: https://www.statista.com/statistics/1473537/global-market-value-of-underground-mining-equipment/