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Jun 30, 2019 An essential indicator in heavy equipment for mining is that they can generate the lowest cost per ton moved, following high safety standards. That is why various manufacturers have been developing continuous improvements in their equipment to provide and productivity and efficiency in operating costs.The mining equipment market was valued at around USD 98 billion in 2020, and it is expected to reach USD 135 billion by 2025, registering a CAGR of about 5 during the forecast period (2021 – 2026). The COVID-19 pandemic had an immediate impact on the global economy, and that impact goes across all industries, including mining.