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Mining drills and breakers is the fastest growing segment, followed by crushing, pulverizing, and screening equipment. By appliion, the mining equipment market is segmented as metal mining, mineral mining, and coal mining. Geographically, the mining equipment market is classified into North America, Europe, AsiaPacific, and LAMEA.
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According to the Bureau of Labor Statistics, the mining industry consists of five major segments: coal mining, gas and oil extracting, metal ore mining, nonmetal mineral mining and supporting activities such as resource transportation.
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Global Mining Equipment Market is estimated to reach Billion by 2024; growing at a CAGR of % from 2016 to 2024. Mining is the process of extracting coal, metals, oil, minerals, and water from the earth.