Mobile Mining Equipment Market Report 2026

The mobile mining equipment market size has grown strongly in recent years. It will grow from $70.07 billion in 2025 to $75.03 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to expansion of surface and underground mining activities, rising demand for bulk material extraction, increased mechanization of mining operations, availability of high-capacity diesel-powered equipment, growth of contract mining services.

The mobile mining equipment market size is expected to see strong growth in the next few years. It will grow to $97.52 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing investments in autonomous mining fleets, rising focus on emission reduction in mining, expansion of smart mining initiatives, growing demand for energy-efficient equipment, increasing adoption of predictive maintenance solutions. Major trends in the forecast period include increasing adoption of autonomous mining vehicles, rising deployment of electric and hybrid mining equipment, growing integration of telematics and fleet monitoring systems, expansion of high-capacity mobile mining machinery, enhanced focus on equipment durability and uptime.

The rising demand for minerals and metals is expected to drive the growth of the mobile mining equipment market in the coming years. Minerals and metals are naturally occurring resources extracted from the earth for a wide range of industrial, technological, and economic applications. The increasing need for these materials is driven by rapid industrialization and urbanization, as expanding industries and cities require large quantities of raw materials for construction, infrastructure development, and manufacturing. Mobile mining equipment supports the minerals and metals sector by improving extraction and transportation processes, enhancing operational efficiency, minimizing downtime, and enabling access to remote or difficult terrains. For example, in January 2025, the United States Geological Survey, a US-based scientific government agency, reported that the value of US metal mine production reached $33.5 billion in 2024, up slightly from $33 billion in 2023. Consequently, the growing demand for minerals and metals is fueling the expansion of the mobile mining equipment market.

Leading companies in the mobile mining equipment market are concentrating on creating innovative solutions such as electric-powered hydraulic excavators to reduce emissions and improve energy efficiency in mining operations. These excavators are heavy-duty machines powered by electric motors instead of diesel engines, used for digging and material handling in mining and construction. For instance, in July 2023, Xuzhou Construction Machinery Group Co. Ltd., a China-based manufacturer, introduced the XES35, a high-performance 1,100-ton electric shovel excavator designed for open-pit mining. Featuring a 35 m³ bucket, it can load up to 65 tons of ore in one cycle and is optimized to operate alongside 220- to 330-ton dump trucks. The XES35 integrates advanced AC frequency conversion drive control and multi-sensor fusion technology, enabling intelligent, efficient, and environmentally friendly operations while emphasizing reliability, operator comfort, and lower operational costs.

In July 2024, Komatsu Limited, a Japan-based manufacturer, acquired GHH Group GmbH for an undisclosed sum. This acquisition aims to strengthen Komatsu Limited’s position in the underground mining equipment market by broadening its product range and enhancing global service capabilities. GHH Group GmbH is a Germany-based manufacturer of mobile mining equipment.

Major companies operating in the mobile mining equipment market are Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co Ltd, Liebherr Group, Sandvik AB, Epiroc AB, Volvo Construction Equipment, SANY Heavy Industry Co Ltd, Terex Corporation, Xuzhou Construction Machinery Group (XCMG), Bell Equipment Limited, Doosan Infracore Co Ltd, Atlas Copco AB, BEML Limited, BelAZ, Hyundai Construction Equipment, Liugong Machinery Co Ltd, Schramm Inc., GHH Group, Normet Oy, Schopf Maschinenbau GmbH, Joy Global.

Asia-Pacific was the largest region in the mobile mining equipment market in 2025. The regions covered in the mobile mining equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mobile mining equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mobile mining equipment market consists of sales of top hammer drills, rotary blasthole drills, down-the-hole drills, track loaders, and bulldozers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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