Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1451638
PUBLISHER: IMARC | PRODUCT CODE: 1451638
Mining Equipment Market Report by Type, Equipment, Application, and Region 2024-2032
PUBLISHED:
PAGES: 142 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global mining equipment market size reached US$ 149.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 225.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.52% during 2024-2032.
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:
IMARC Group 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. Our 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?
Product Code: SR112024A6334
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 AARD Mining Equipment
Product Code: SR112024A6334
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
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.