Global Mining Equipment Market to Reach $609.8 Billion by 2030
The global market for Mining Equipment estimated at US$256.2 Billion in the year 2022, is projected to reach a revised size of US$609.8 Billion by 2030, growing at a CAGR of 11.5% over the analysis period 2022-2030. Surface Mining Equipment, one of the segments analyzed in the report, is projected to record 10.6% CAGR and reach US$249.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Underground Mining Machinery segment is readjusted to a revised 13.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $67.6 Billion, While China is Forecast to Grow at 14.8% CAGR
The Mining Equipment market in the U.S. is estimated at US$67.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$142.1 Billion by the year 2030 trailing a CAGR of 14.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 9.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.Select Competitors (Total 183 Featured) -
- AB Volvo
- Caterpillar, Inc.
- Deere & Company
- Doosan Corporation
- Epiroc AB
- Hitachi Ltd.
- Komatsu Ltd.
- Liebherr-International AG
- Metso Corporation
- Sandvik AB
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Caterpillar, Inc.
- Deere & Company
- Doosan Corporation
- Epiroc AB
- Hitachi Ltd.
- Komatsu Ltd.
- Liebherr-International AG
- Metso Corporation
- Sandvik AB
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 363 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 256.2 Billion |
Forecasted Market Value ( USD | $ 609.8 Billion |
Compound Annual Growth Rate | 11.4% |
Regions Covered | Global |