The global mining equipment market size was valued at $122.3 billion in 2020, and is projected to reach $200.9 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032. Mining equipment are used for extraction of geological materials, such as copper, nickel, cobalt, gold, silver, lead, zinc, iron, diamond, platinum, and others, from the ...Web