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Surface Mining Equipment Market Size, Share & Trends Analysis Report By Product (Loader, Excavators, Dumper, Motor Graders), by Application, By Region and Segment Forecasts, 2023 - 2030

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    Report

  • 100 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 5893122
Description Jump to:
The global surface mining equipment market size is expected to reach USD 1, 016.78 billion by 2030, registering a CAGR of 6.0% from 2023 to 2030. Surge in demand for metals and minerals owing to the growth of energy, manufacturing and construction industry is anticipated to drive the demand for surface mining equipment over the forecast period. Furthermore, the increasing adoption of technologies such as artificial intelligence, augmented reality, and big data analysis enabling target exploration, optimized safety of workers and increased production is driving the market growth.

The ongoing urbanization and industrialization have fueled the global demand for natural resources such as oil and minerals. As a result, the global mining industry is flourishing which, in turn, is boosting the demand for mining equipment. Companies operating in the mining equipment market are enhancing their production capacities to meet the rising global demand for various types of mining equipment, such as crushers, mining drills & breakers, screening equipment, surface mining tools, and mineral processing equipment.

Automation is gaining the utmost importance in extracting and exploring metals and minerals. Integration of automated technology in mining operations is expected to boost the demand for innovative mining equipment for firms to remain competitive. For instance, in January 2022, Boart Longyear announced the launch of LM Deep hole underground drilling rig. It can be controlled remotely with the DCiTM (Drill Control Interface) and comes with a rod handler for added safety.

Most surface mining equipment manufacturers are focusing on developing electric equipment to reduce their carbon footprint and emission levels. The manufacturers are resorting to strategies such as product launches, partnerships, and product enhancement to sustain in the highly competitive market. For instance, in July 2023, Komatsu Ltd. revealed its plans to introduce PC210LCE-11 and 200LCE-11 versions of its class electric 20-ton excavators powered by Li-ion batteries in Japan and Europe.

Surface Mining Equipment Market Report Highlights

  • Equipment manufacturers have prioritized enhancing the performance of current equipment over creating new technologies due to economic concerns. Over the forecast period, rising demand for iron ore, coal, diamonds, and chromium in emerging nations is anticipated to open new opportunities for surface mining equipment
  • Metal mining is the extraction of metals from the earth's crust. The metal mining market is expected to grow as a significant application segment due to increased resource exploration and strong demand for precious metals such as silver, gold, copper, and iron. Metal mining is extracting and processing ores to refine them into valuable target metals
  • Asia Pacific regional market is anticipated to register the highest growth rate over the forecast period. This growth can be attributed to constant investments and increasing infrastructure projects in the region


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Information Procurement
1.2.1. Purchased database.
1.2.2. Analyst's internal database
1.2.3. Secondary sources & third - party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Surface Mining Equipment Market Snapshot, 2022 & 2030
2.2. Product Segment Snapshot, 2022 & 2030
2.3. Application Segment Snapshot, 2022 & 2030
2.4. Competitive Landscape Snapshot, 2022 & 2030
Chapter 3. Surface Mining Equipment Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Surface Mining Equipment Market - Value Chain Analysis
3.3. Surface Mining Equipment Market - Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.4. Industry Analysis Tools
3.4.1. Surface Mining Equipment Market - Porter's Analysis
3.4.2. Surface Mining Equipment Market - PESTEL Analysis
Chapter 4. Surface Mining Equipment Market Product Outlook
4.1. Surface Mining Equipment Market Share by Product, 2022 & 2030 (USD Million; Volume Units)
4.2. Loaders
4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
4.3. Excavators
4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
4.4. Crushing, Pulverizing & Screen Equipment
4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
4.5. Drills & Breakers
4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
4.6. Dumper
4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
4.7. Shovels
4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
4.8. Motor Graders
4.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
4.9. Others
4.9.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
Chapter 5. Surface Mining Equipment Market Application Outlook
5.1. Surface Mining Equipment Market Share by Application, 2022 & 2030 (USD Million; Volume Units)
5.2. Metal Mining
5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
5.3. Non Metal Mining
5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
5.4. Coal Mining
5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
Chapter 6. Surface Mining Equipment Market: Regional Outlook
6.1. Surface Mining Equipment Market Share by Region, 2022 & 2030 (USD Million; Volume Units)
6.2. North America
6.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.2.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.2.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.2.4. U.S.
6.2.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.2.4.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.2.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.2.5. Canada
6.2.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.2.5.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.2.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.3. Europe
6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.3.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.3.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.3.4. U.K.
6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.3.4.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.3.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.3.5. Germany
6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.3.5.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.3.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.3.6. France
6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.3.6.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.3.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.4. Asia Pacific
6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.4.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.4.4. China
6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.4.4.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.4.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.4.5. India
6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.4.5.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.4.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.4.6. Japan
6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.4.6.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.4.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.5. Latin America
6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.5.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.5.4. Brazil
6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.5.4.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.5.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.5.5. Mexico
6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.5.5.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.5.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
6.6. Middle East & Africa
6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million; Volume Units)
6.6.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million; Volume Units)
6.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million; Volume Units)
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Company Market Ranking/Share Analysis, 2022
7.3. Company Heat Map Analysis
7.4. Strategy Mapping
7.5. Company Profiles (Overview, Financial Performance, Component Overview, Strategic Initiatives)
7.5.1. AB Volvo.
7.5.2. Atlas Copco AB
7.5.3. Boart Longyear Ltd
7.5.4. Caterpillar Inc
7.5.5. Hitachi Construction Machinery Co. Ltd.
7.5.6. J.C. Bamford Excavators Limited
7.5.7. Komatsu Ltd.
7.5.8. Liebherr-International AG
7.5.9. Metso Corporation
7.5.10. Sandvik AB
List of Tables
Table 1 Global Surface Mining Equipment Market - Industry snapshot & key buying criteria, 2018 - 2030
Table 2 Global Surface Mining Equipment market, 2018 - 2030 (USD Million; Volume, Units)
Table 3 Global Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 4 Global Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 5 Global Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 6 Vendor landscape
Table 7 Loaders Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 8 Loaders Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 9 Excavators Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 10 Excavators Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 11 Crushing , Pulverizing & Screen Equipment Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 12 Crushing , Pulverizing & Screen Equipment Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 13 Drills & Breakers Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 14 Drills & Breakers Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 15 Dumper Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 16 Dumper Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 17 Shovels Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 18 Shovels Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 19 Motor Graders Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 20 Motor Graders Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 21 Others Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 22 Others Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 23 Metal Mining Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 24 Metal Mining Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 25 Non Metal Mining Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 26 Non Metal Mining Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 27 Coal Mining Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 28 Coal Mining Surface Mining Equipment Market, by Region, 2018 - 2030 (USD Million; Volume, Units)
Table 29 North America Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 30 North America Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 31 North America Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 32 U.S. Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 33 U.S. Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 34 U.S. Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 35 Canada Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 36 Canada Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 37 Canada Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 38 Europe Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 39 Europe Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 40 Europe Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 41 Germany Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 42 Germany Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 43 Germany Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 44 U.K. Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 45 U.K. Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 46 U.K. Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 47 France Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 48 France Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 49 France Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 50 Asia Pacific Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 51 Asia Pacific Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 52 Asia Pacific Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 53 China Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 54 China Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 55 China Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 56 India Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 57 India Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 58 India Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 59 Japan Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 60 Japan Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 61 Japan Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 62 Latin America Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 63 Latin America Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 64 Latin America Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 65 Brazil Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 66 Brazil Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 67 Brazil Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 68 Mexico Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 69 Mexico Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 70 Mexico Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
Table 71 Middle East & Africa Surface Mining Equipment Market, 2018 - 2030 (USD Million; Volume, Units)
Table 72 Middle East & Africa Surface Mining Equipment Market, by Product, 2018 - 2030 (USD Million; Volume, Units)
Table 73 Middle East & Africa Surface Mining Equipment Market, by Application, 2018 - 2030 (USD Million; Volume, Units)
List of Figures
Fig. 1 Market segmentation and scope
Fig. 2 Surface Mining Equipment Market, 2018 - 2030 (USD Million)
Fig. 3 Surface Mining Equipment Market - Value Chain Analysis
Fig. 4 Surface Mining Equipment Market - Market dynamics
Fig. 5 Surface Mining Equipment Market - Key Market Driver Impact
Fig. 6 Surface Mining Equipment Market - Key Market Restraint Impact
Fig. 7 Surface Mining Equipment Market - Key Opportunities Prioritized.
Fig. 8 Surface Mining Equipment Market - Porter’s Five Forces Analysis
Fig. 9 Surface Mining Equipment Market - PESTEL analysis
Fig. 10 Surface Mining Equipment market, by Product, 2022
Fig. 11 Surface Mining Equipment market, by Application, 2022
Fig. 12 Surface Mining Equipment market, by Region, 2022
Fig. 13 Surface Mining Equipment market - Regional Takeaways
Fig. 14 North America Surface Mining Equipment Market - Key Takeaways
Fig. 15 Europe Surface Mining Equipment Market - Key Takeaways
Fig. 16 Asia Pacific Surface Mining Equipment Market - Key Takeaways
Fig. 17 Latin America Surface Mining Equipment Market - Key Takeaways
Fig. 18 Middle East & Africa Surface Mining Equipment Market - Key Takeaways

Companies Mentioned

  • AB Volvo.
  • Atlas Copco AB
  • Boart Longyear Ltd
  • Caterpillar Inc
  • Hitachi Construction Machinery Co. Ltd.
  • J.C. Bamford Excavators Limited
  • Komatsu Ltd.
  • Liebherr-International AG
  • Metso Corporation
  • Sandvik AB

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedSeptember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 633.15 Billion
Forecasted Market Value ( USD ) by 2030 $ 1016.78 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Surface Mining Equipment Market

Surface Mining Equipment is a type of mining equipment used to extract minerals and other materials from the earth's surface. This type of mining is typically used when the material to be extracted is located close to the surface. Surface Mining Equipment includes a variety of machines such as bulldozers, excavators, wheel loaders, graders, and haul trucks. This equipment is used to remove overburden, break up the material, and transport it to the processing plant. Surface Mining Equipment is used in a variety of mining operations, including open-pit mining, strip mining, and quarrying. This equipment is designed to be durable and reliable, and is capable of operating in a wide range of conditions. It is also designed to be efficient and cost-effective, allowing miners to maximize their profits. Some of the companies in the Surface Mining Equipment market include Caterpillar, Komatsu, Hitachi, Liebherr, Sandvik, and Volvo. These companies manufacture a wide range of equipment, from bulldozers and excavators to wheel loaders and haul trucks. Show Less Read more

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