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Mining Equipment Market Report by Type, Equipment, Application, and Region 2024-2032

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    Report

  • 142 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946673
Description Jump to:
The global mining equipment market size reached US$ 149.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 225.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2023-2032.

Mining equipment refers to various tools and machines used to extract industrial minerals, metals, oil, water, and coal that are buried deep inside the earth. It includes haulers, excavators, crawler dozers, articulated dump trucks, and crawler excavators. It assists in material handling, digging, pushing, and removing waste materials. Besides this, reliable and efficient equipment makes mining easier and safer, helps improve productivity, and promotes cost-effectiveness. As a result, it is extensively used to ensure the safety and productivity of workers.

Mining Equipment Market Trends:

At present, the increasing global population is resulting in the rising need for construction activities across the globe, which is driving the demand for the extraction of natural resources, such as copper, coal, iron, and aluminum. This, in turn, represents one of the key factors positively influencing the market. In addition, the growing demand for energy and power generation globally due to rapid urbanization and industrialization and a significant rise in infrastructure development activities is creating a positive market outlook. Apart from this, the rising focus of mining companies on using more advanced equipment and machinery to save time and cost and increase productivity is currently offering lucrative growth opportunities to mining equipment manufacturers. The leading manufacturers operating in the industry are also focusing on improvements and innovations in extraction technologies to minimize the cost of extraction and equipment maintenance, which is offering a favorable market outlook. Furthermore, shifting consumer preferences toward renewable energy sources is fueling the need for extracting various minerals. In addition, the increasing sales of mining machinery integrated with advanced technologies and telematics solutions are expected to drive the market in the coming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global mining equipment market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, equipment and application.

Breakup by Type:

  • Excavators
  • Loaders
  • Dozers
  • Motor Graders
  • Dump Trucks
  • Others

Breakup by Equipment:

  • Underground Mining
  • Surface Mining
  • Crushing, Pulverizing and Screening
  • Drills and Breakers
  • Others

Breakup by Application:

  • Metal Mining
  • Mineral Mining
  • Coal Mining

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being AARD Mining Equipment, Astec Industries Inc., Atlas Copco AB, Boart Longyear Ltd., Caterpillar Inc, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd), J.C. Bamford Excavators Limited, Komatsu Ltd., Liebherr-International AG, Metso Corporation, Sandvik AB and XCMG Group.

Key Questions Answered in This Report

1. What was the size of the global mining equipment market in 2023?
2. What is the expected growth rate of the global mining equipment market during 2024-2032?
3. What has been the impact of COVID-19 on the global mining equipment market?
4. What are the key factors driving the global mining equipment market?
5. What is the breakup of the global mining equipment market based on the type?
6. What is the breakup of the global mining equipment market based on the equipment?
7. What is the breakup of the global mining equipment market based on application?
8. What are the key regions in the global mining equipment market?
9. Who are the key players/companies in the global mining equipment market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Mining Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Excavators
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Loaders
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dozers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Motor Graders
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Dump Trucks
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Equipment
7.1 Underground Mining
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Surface Mining
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Crushing, Pulverizing and Screening
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Drills and Breakers
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Metal Mining
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mineral Mining
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Coal Mining
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AARD Mining Equipment
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Astec Industries Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Atlas Copco AB
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Boart Longyear Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Caterpillar Inc
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 J.C. Bamford Excavators Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Komatsu Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Liebherr-International AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 SWOT Analysis
14.3.10 Metso Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Sandvik AB
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 XCMG Group
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 SWOT Analysis
List of Figures
Figure 1: Global: Mining Equipment Market: Major Drivers and Challenges
Figure 2: Global: Mining Equipment Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Mining Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Mining Equipment Market: Breakup by Type (in %), 2023
Figure 5: Global: Mining Equipment Market: Breakup by Equipment (in %), 2023
Figure 6: Global: Mining Equipment Market: Breakup by Application (in %), 2023
Figure 7: Global: Mining Equipment Market: Breakup by Region (in %), 2023
Figure 8: Global: Mining Equipment (Excavators) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Mining Equipment (Excavators) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Mining Equipment (Loaders) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Mining Equipment (Loaders) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Mining Equipment (Dozers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Mining Equipment (Dozers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Mining Equipment (Motor Graders) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Mining Equipment (Motor Graders) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Mining Equipment (Dump Trucks) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Mining Equipment (Dump Trucks) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Mining Equipment (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Mining Equipment (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Mining Equipment (Underground Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Mining Equipment (Underground Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Mining Equipment (Surface Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Mining Equipment (Surface Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Mining Equipment (Crushing, Pulverizing and Screening) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Mining Equipment (Crushing, Pulverizing and Screening) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Mining Equipment (Drills and Breakers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Mining Equipment (Drills and Breakers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Mining Equipment (Other Equipments) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Mining Equipment (Other Equipments) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Mining Equipment (Metal Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Mining Equipment (Metal Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Mining Equipment (Mineral Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Mining Equipment (Mineral Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Mining Equipment (Coal Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Mining Equipment (Coal Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: United States: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: United States: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Canada: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Canada: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Asia-Pacific: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Asia-Pacific: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: China: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: China: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Japan: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Japan: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: India: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: India: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: South Korea: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: South Korea: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Australia: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Australia: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Indonesia: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Indonesia: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Europe: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Europe: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Germany: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Germany: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: France: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: France: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: United Kingdom: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: United Kingdom: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Italy: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Italy: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Spain: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Spain: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Russia: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Russia: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Latin America: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Latin America: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Brazil: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Brazil: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Mexico: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Mexico: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Middle East and Africa: Mining Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Middle East and Africa: Mining Equipment Market: Breakup by Country (in %), 2023
Figure 84: Middle East and Africa: Mining Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Global: Mining Equipment Industry: SWOT Analysis
Figure 86: Global: Mining Equipment Industry: Value Chain Analysis
Figure 87: Global: Mining Equipment Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Mining Equipment Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Mining Equipment Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Mining Equipment Market Forecast: Breakup by Equipment (in Million US$), 2024-2032
Table 4: Global: Mining Equipment Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Mining Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Mining Equipment Market: Competitive Structure
Table 7: Global: Mining Equipment Market: Key Players

Companies Mentioned

  • AARD Mining Equipment
  • Astec Industries Inc.
  • Atlas Copco AB
  • Boart Longyear Ltd.
  • Caterpillar Inc
  • Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd)
  • J.C. Bamford Excavators Limited
  • Komatsu Ltd.
  • Liebherr-International AG
  • Metso Corporation
  • Sandvik AB and XCMG Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 149.4 Billion
Forecasted Market Value ( USD ) by 2032 $ 225.2 Billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal
No. of Companies Mentioned11

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