Frequently Asked Questions (FAQs):
Due to the COVID-19 outbreak, the global mining equipment industry has been negatively affected due to the lockdown measures in different countries worldwide, causing delays in manufacturing and production.
Asia-Pacific accounted for the most heightened share in the global underground mining equipment market.
There has been a strong increase in the demand for various minerals, such as iron, gold, copper, coal, lead, aluminum, and silver, due to stable economic growth across both developed and developing regions, increasing disposable incomes and an increase in middle-class populations.s forecasted from 2022-2029
The mining trucks segment had a major share of the global market in 2022.
The rental service provider segment had a major share in the global market.