Global Mining Equipment Market was valued at US$ 76.4Bn in 2017 and is expected to reach US$ 114.2Bn by 2026, at a CAGR of 5.15% during a forecast period.
Mining equipment such as draglines, excavators, and transport trucks are used to move mined ore from mines to processing units. These machines should operate with limited downtime to ensure seamless operations and to reduce the operating expenditure.
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