Mining Equipment Market: By Mining Type (Surface, Underground), By Equipment Category (Crushing, Drills & Beakers,  Pulverizing & Screening Equipment, Mineral Processing), By Industry (Metal, Coal, and Minerals) and By Geography  

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Mining Equipment Market was valued at USD 144.37 billion in 2022 and is anticipated to reach a CAGR of 12.7% from 2023-2029. mining equipment market consists of mining tools, crushing equipment, drills, and feeding & conveying equipment. Minerals and metals are extracted from the ground making use of complex machinery, computerized remote-controlled equipment, and high-technology operations. Mining activity differs on the basis of the kind of minerals and metals extracted from the earth.  Usually, there are two kinds of mining processes such as underground and surface mining. Each mining process requires different equipment according to the applications.  A few activities involved in mining are smelting, milling, and smelting apart from digging. This market analysis covers details about trade rules, production analysis, market share, localized market players, market size, product launches, and strategic market growth analysis. As digitization and automation gain traction, technology is becoming a major differentiating feature for manufacturers and mining firms. Key players are concentrating on lowering extraction and equipment maintenance costs. Furthermore, the industry has seen widespread adoption of several clusters of technologies to improve operational efficiencies, such as top robotics and automation, smart sensors, and 3D printing. For example, ABB Ltd. launched the Ability Smart Sensor in January 2019 to assess the condition of mounted bearings in order to save downtime in mining during material handling. This segment of the market report gives details according to competitors. These details include company financials, investment in development, revenue generated, regional presence, new product launch, market potential, new market initiatives, and company strengths and weaknesses. Prominent industry players working in the market

Mining Equipment Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.7%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia Pacific
Mining Equipment Market Dynamics

Increase in the coal use for the purpose of heating and electricity generation is going to drive the mining equipment market growth. The mining equipment market is booming because of the increase in mining activities to extract minerals and metals from the ground as there is growing demand for metals and minerals commodities. In addition, increasing preference towards different technologies like automation is lessening time required for mining activities and reducing labor cost too, which lead towards increase in the demand for mining equipment and drive the market growth. A few other major factors anticipated to increase the mining equipment market growth are increase in the need of mineral fertilizers and increase in the intake of natural resources like uranium, coal and diamond. But the strict government rules like emission norms, environmental concerns, significant rules and safety standards are anticipated to restrain the market growth.

Key Features of the Reports

  • The mining equipment market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Mining Equipment Market Segmentation

By Mining Type
  • Surface  
  • Underground
By Equipment Category
  • Crushing,
  • Drills & Beakers,
  • Pulverizing & Screening Equipment,
  • Mineral Processing
By Industry
  • Metal,
  • Coal,
  • Minerals
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
  • MEA

Frequently Asked Questions

The mining equipment market size was valued at USD 144.37 billion in 2022

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

Atlas Copco, Sandvik AB, Liebherr-International Deutschland GmbH, Terex Corporation, Mining Machines JSC, Hitachi Construction Machinery Co. Ltd, Komatsu Ltd

1.Executive Summary
2.Global Mining Equipment Market Introduction 
2.1.Global Mining Equipment Market  - Taxonomy
2.2.Global Mining Equipment Market  - Definitions
2.2.1.Mining Type
2.2.2.Equipment Category
2.2.3. Industry
2.2.4.Region
3.Global Mining Equipment Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Mining Equipment Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Mining Equipment Market  By Mining Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Surface  
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Underground
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Mining Equipment Market  By Equipment Category, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Crushing,
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Drills & Beakers,
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Pulverizing & Screening Equipment,
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Mineral Processing
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Mining Equipment Market  By  Industry, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Metal,
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Coal,
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Minerals
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Mining Equipment Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Mining Equipment Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Mining Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Surface  
9.1.2.Underground
9.2.  Equipment Category Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Crushing,
9.2.2.Drills & Beakers,
9.2.3.Pulverizing & Screening Equipment,
9.2.4.Mineral Processing
9.3.   Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Metal,
9.3.2.Coal,
9.3.3.Minerals
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Mining Equipment Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Mining Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Surface  
10.1.2.Underground
10.2.  Equipment Category Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Crushing,
10.2.2.Drills & Beakers,
10.2.3.Pulverizing & Screening Equipment,
10.2.4.Mineral Processing
10.3.   Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Metal,
10.3.2.Coal,
10.3.3.Minerals
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Mining Equipment Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Mining Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Surface  
11.1.2.Underground
11.2.  Equipment Category Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Crushing,
11.2.2.Drills & Beakers,
11.2.3.Pulverizing & Screening Equipment,
11.2.4.Mineral Processing
11.3.   Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Metal,
11.3.2.Coal,
11.3.3.Minerals
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Mining Equipment Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Mining Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Surface  
12.1.2.Underground
12.2.  Equipment Category Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Crushing,
12.2.2.Drills & Beakers,
12.2.3.Pulverizing & Screening Equipment,
12.2.4.Mineral Processing
12.3.   Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Metal,
12.3.2.Coal,
12.3.3.Minerals
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Mining Equipment Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Mining Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Surface  
13.1.2.Underground
13.2.  Equipment Category Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Crushing,
13.2.2.Drills & Beakers,
13.2.3.Pulverizing & Screening Equipment,
13.2.4.Mineral Processing
13.3.   Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Metal,
13.3.2.Coal,
13.3.3.Minerals
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Sandvik AB
14.2.2.Atlas Copco
14.2.3.Liebherr-International Deutschland GmbH
14.2.4.Terex Corporation, Mining Machines JSC
14.2.5.Hitachi Construction Machinery Co. Ltd
14.2.6.Komatsu Ltd
14.2.7.Equipment North Inc
14.2.8.ASTEC INDUSTRIES INC
14.2.9.Hyundai Heavy Industries Co. Ltd
14.2.10.RTM Equipment
15. Research Methodology 
16. Appendix and Abbreviations 
  • Sandvik AB
  • Atlas Copco
  • Liebherr-International Deutschland GmbH
  • Terex Corporation, Mining Machines JSC
  • Hitachi Construction Machinery Co. Ltd
  • Komatsu Ltd
  • Equipment North Inc
  • ASTEC INDUSTRIES INC
  • Hyundai Heavy Industries Co. Ltd
  • RTM Equipment
  • Konecranes
  • Doosan Corporation
  • XCMG Group
  • BEML Limited

Adjacent Markets