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The metal mining application is presumed to remain dominant over the forecast period and accounted for a revenue share of over 35.0% in the mining equipment market in 2016. Increasing resource mining and exploration activities are expected to contribute significantly to segment growth. Moreover, rising demand for base metals such as …

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The metal mining segment occupied a major share of around 39%, followed by mineral mining in 2015. The metal mining segment is anticipated to witness the fastest CAGR of 10.3% during the forecast period, owing to increasing demand of base metals such as copper, nickel, lead, zinc and others.

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China’s machinery industry is one of the leading pillars of the Chinese national economy. Its main business revenue increased about 7% in 2016 to reach a total value of USD 3.5 trillion. China’s manufacturing industry witnessed a further recovery in 2016, indicating stable development of the world’s second-largest economy.

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