Global Mining Equipment (GME) provides gold mining equipment that has been designed and built by miners for miners. Rigorous field testing in various countries and climates allows us to tailor designs and specifications for the small (1 ton per hour) to medium scale operations (10+ tons per hour).
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The global mining equipment market size was valued at USD 73.04 billion in 2016 and is expected to register a CAGR exceeding 6.0% over the forecast period. Rapid adoption of automation technology has resulted in increased usage of smart mining solutions
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Before acquiring Joy Global, whose shares have been delisted from the New York Stock Exchange, Komatsu only made surface mining equipment, while Joy was the largest independent manufacturer of machines used underground.
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Global underground mining equipment market is expected to grow at a CAGR of 6.4% over the forecast period i.e. 2017 2024
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Mining Equipment Market, By Application Metal mining equipment market size was valued at over USD 29 billion in 2015 and will grow at 5% CAGR over the forecast timeline. Increasing demand of metals, particularly precious metals such as gold would fuel demand. The demand for gold has been supported by cultural, emotional and financial
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Global mining equipment market is expected to reach USD 117.0 billion by 2018 from USD 71.5 billion in 2012 at a CAGR of 8.6% from 2012 to 2018.