Saudi Arabia Mining Equipment - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The saudi arabia mining equipment market size was valued at USD 7.32 billion in 2025 and estimated to grow from USD 7.75 billion in 2026 to reach USD 10.28 billion by 2031, at a CAGR of 5.83% during the forecast period (2026-2031). This report is Segmented by Product Type (Underground Mining Machinery and More), Function Type (Excavation, Transportation & Hauling, and Processing), Application (Coal, Industrial Minerals, and Metals), and Power Source (Diesel, Hybrid-Electric, and Battery-Electric). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

Saudi Arabia Mining Equipment Market Trends and Insights

Vision 2030-Linked Mine Privatizations

The issuance of 61 exploration licenses in 2025 illustrates the most aggressive release of mineral acreage since sector liberalization. Spending on early-stage drilling has significantly increased over time. However, a several-month lag exists between licensing and fleet procurement, resulting in a multi-year order book for blasthole drills and mobile crushers. Anchoring baseline demand is Ma’aden’s extensive program. In contrast, smaller players like Hancock Prospecting are leaning towards rental fleets and equipment-as-a-service models. Local-content regulations mandate OEMs to establish parts warehouses or assembly cells. A case in point is Tesmec, which plans to localize trenching-machine assembly in the near future, underscoring this trend. While these measures expand employment opportunities, they also elevate short-term capital expenditures as vendors set up duplicate facilities domestically.

Surge in Hard-Rock Exploration Licences

Across the Arabian Shield, gold, copper, and zinc prospects are increasingly turning to high-penetration rotary drills and wear-resistant hammers, diverting investments from gentler phosphate rigs. Epiroc, in collaboration with Binshehab, has begun stocking face and production drill rigs in Dammam, aiming to reduce lead times. Only a small percentage of the Shield’s known occurrences comply with JORC or NI 43-101 standards, creating a backlog for core-drilling contractors. Mansourah & Massarah recently achieved their first doré and are progressing toward full production capacity. Meanwhile, Ar Rjum is preparing for an EPCM award with specifications for Sandvik DI650i and DP1100 rigs. Due to arid conditions, numerous projects are now implementing dry-drilling loops. While this increases capital expenditures, it can significantly reduce consumable costs over time.

Scarcity of Skilled Heavy-Equipment Operators

Saudi Arabia’s skill-based work permit scheme, launched in July 2025, categorizes operators into three tiers. Still, supply lags behind demand for autonomous-haul truck supervisors and high-pressure grinding roll technicians. Wage inflation encourages miners to adopt remote-operation platforms that require fewer on-site staff; however, the transition imposes training overheads and delays procurement until competence frameworks mature. Utilization dips when machines queue for licensed drivers, undercutting productivity assumptions baked into purchase business cases and tempering expansion in the Saudi Arabia mining equipment market.

Other drivers and restraints analyzed in the detailed report include:

• Rapid Build-Out of Battery-Metal Refineries
• Mandatory Local-Content Quotas in Equipment Purchasing
• High Import Tariffs on Non-GCC Equipment

Segment Analysis

Surface Mining Support Equipment accounted for 23.16% of Saudi Arabia's mining equipment market share in 2025, mirroring the dominance of open-pit phosphate and bauxite mines in the Eastern Province and Northern Borders. These deposits consume haul-road graders, dewatering pumps, and LED lighting that together absorb roughly one-fifth of annual equipment spend. Drills & Breakers, forecast at a 6.17% CAGR through 2031, will benefit most as hard-rock licenses climb and gold majors standardize rotary-blasthole fleets capable of deeper, faster penetration. The Saudi Arabian mining equipment market continues to favor open-pit machinery such as Caterpillar 777 trucks and Komatsu PC1250 shovels. Still, demand for DTH hammers and hydropower breakers is rising with the expansion of shield-area projects.

While open-pit mining continues to dominate in terms of value, underground operations are gaining momentum, especially with the Mansourah & Massarah mines reaching significant depths. Sales of processing equipment are on the rise, paralleling the introduction of new circuits for lithium-hydroxide, graphite-anode, and gold-flotation. Metso's award for the Ar Rjum project and FLSmidth's contract for Phosphate 3 highlight a trend: single-site packages are now achieving substantial value. Refineries, aiming for finer feed sizes, are increasingly ordering cone crushers, vertical roller mills, and ultrafine screens, in addition to the traditional SAG mills. Furthermore, continuous, high-throughput sizers are becoming more popular as operators shift their focus from brute-force crushing to energy efficiency.

Excavation dominated the Saudi Arabia mining equipment market with a 41.16% share in 2025, thanks to high-capacity shovels such as the CAT 6030 (34 m³ bucket) and Komatsu PC5500 (29 m³). Processing, though smaller in absolute terms, is projected to grow fastest at 6.22% CAGR to 2031 as battery-metal and gold-processing plants proliferate. Ma’aden’s Phosphate 3 and Ar Rjum contracts illustrate that crushers, mills, paste thickeners, and flotation columns can equal or exceed haulage capex on a like-for-like tonnage basis.

Transportation and hauling remain a significant area of expenditure but face challenges from in-pit crushing and conveying (IPCC). Tesmec's collaboration with Ma'aden led to improved ore recovery and a substantial reduction in diesel consumption. This success has led Tesmec to plan for localized assembly in the near future. Fluctuations in diesel prices are encouraging miners to adopt trolley-assist haul trucks. When combined with downhill regenerative charging, ABB's retrofit kits can significantly reduce lifetime costs. However, the Ministry of Energy's mandate for a zero-emission zone is primarily focused on underground operations for the time being, allowing diesel to retain its dominance in large phosphate pits.

Complete Report Scope:

• By Product Type
  • Underground Mining Machinery
  • Open-Pit Mining Machinery
  • Surface Mining Support Equipment
  • Drills & Breakers
  • Crushing, Grinding, Screening & Filtering
  • Mineral Processing Machinery
• By Function Type
  • Excavation
  • Transportation & Hauling
  • Processing
• By Application
  • Coal
  • Industrial Minerals
  • Metals
• By Power Source
  • Diesel
  • Hybrid-Electric
  • Battery-Electric

List of Companies Covered in this Report:

• Caterpillar Inc.
• Komatsu Ltd.
• Liebherr Group
• Sandvik AB
• Epiroc AB
• Metso Corp.
• Hitachi Construction Machinery
• FLSmidth & Co. A/S
• ThyssenKrupp AG
• Weir Group PLC
• XCMG Group
• SANY Heavy Industry
• Volvo Construction Equipment
• Wirtgen Group

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support