According to a new study, the global mining equipment market is poised to grow at a CAGR of around 8.3% over the next decade to reach approximately $198.3 billion by 2025.

Some of the prominent trends that the market is witnessing include rising demand for coal in electricity generation, increasing construction activities of roads and railways through hilly areas, demand for technologically advanced mining equipment and growth opportunities/investment opportunities.

The study, issued by ReportLinker, analyzes the market estimates and forecasts for all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 until 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments and future strategies.