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Article Title: Global Sales of Mining Machinery to Reach $135 Billion By 2017
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Publication: ForConstructionPros, 1/17/2014
Freedonia Study: World Mining Equipment (3107)

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Global demand for mining machinery is forecast to expand 8.6% per year through 2017 to $135 billion despite some sales weakness in the short term. Freedonia Group analyst Matt Raskind states, “Gains will be spurred by voracious demand for mined materials in China, India, and other developing nations as industrial output increases.”
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Article Title: World mining equipment market to grow 8.6% annually to 2017
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Publication: Mining World , 1/16/2014
Freedonia Study: World Mining Equipment (3107)

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Despite some short term weakness, the worldwide mining machinery market is forecast to expand 8.6% per year through 2017 to US$135 billion, according to the latest report from market research company the Freedonia Group. Demand will be spurred on by the huge demand for mined materials in China, India, and several other developing nations as industrial output increases, said the report.
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Article Title: EQUIPMENT: Global sales of mining machinery to reach $135 billion by 2017
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Publication: Canadian Mining Journal, 1/28/2014
Freedonia Study: World Mining Equipment (3107)

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Global demand for mining machinery is forecast to expand 8.6% per year through 2017 to US$135 billion despite some sales weakness in the short term, according to Freedonia Group analyst Matt Raskind. “Gains will be spurred by voracious demand for mined materials in China, India, and other developing nations as industrial output increases,” says Raskind. Rapid gains in mining equipment demand will occur in large developing markets such as Brazil, China, and India, with China being the largest purchaser.
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