Mining Equipment Market Outlook 2027

The way the mining industry operates has developed significantly in recent years, and further improvements are afoot as technology advances and are adopted globally. There are various major trends that are fundamentally transforming the industry into Smart Mining. Such as, the shift from diesel to electrification, there is digitalization, which is resulting in increased productivity and more sustainable use of resources while lowering input cost. Another one is automation, which will also increase productivity and change the way we work. How things develop in the next upcoming years has uncertainties. However, the future is shaped by the technological advancements and innovations of the present. Mining functioning depend significantly on machinery and technology to do everything from creating the mine itself to reliably and safely extracting the raw material within. Whether it's gold mining equipment, tools for rock excavation or various other types of heavy machinery, they fill key roles when mining. According to the report, based on category market is segmented into crushing, pulverizing and screening machinery, mineral processing machinery, surface mining machinery and underground mining machinery. The underground mining machinery segment is leading the market with more than 35% of value market share, followed by the surface mining machinery.

According to the report title “Global Mining Equipment Market Outlook, 2027”, the mining equipment market is expected to reach more than USD 40 Billion by the year 2027. It is expected to expand at a compound annual growth rate (CAGR) of more than 4.9% from 2022 to 2027.

Mining is one of the most indispensable integrants of modern society due to the use of mined minerals in almost every consumer product. Minerals, ore, metals, or other goods located deep underground require various techniques for their extraction. Mining may involve hard or soft rock, each of which requires specific tools to extract the materials. For instance, the mechanism used to dig soft materials might not provide enough power for cutting through hard rock. According to the report, based on application, market is segmented into mineral mining, metal mining and coal mining. The mineral mining segment is leading the market with more than 40% of value market share, followed by the metal mining segment which is the fastest growing segment among the other two. Based on propulsion type, market is segmented into diesel and CNG or LNG segments. The diesel segment is leading the market with more than 80% of value market share. Based on power output, market is segmented into below 500 HP, 500 to 2000 HP and above 2000 HP. The below 500 HP segment is leading the market with more than 40% of value market share.

Region-wise, Asia Pacific contributed the highest market share approx. 47% shares of the global market. Constant investments and increasing infrastructure projects is the key factors for driving the mining equipment market in the Asia-Pacific region. India offers a number of opportunities for the mining firms as there is consequential scope for exploration of iron ore, coal and bauxite. Furthermore, booming real estate sector in the country is anticipated to augment the demand for metal mining equipment, thereby contributing to regional growth. China is dominating the market with more than 25% of value market share and is expected to capture higher market share in the forecast periods.

Impact of Covid-19 on Mining Equipment Market:

The COVID-19 pandemic has affected the commodity markets in a variety of ways. Firm operations have been pretentious through isolated outbreaks and government dictated shutdowns and the demand for many commodities remain low with a lower near term stipulation on the horizon. The growth of mining equipment market also affected in pandemic situation. The stipulation for metallurgical coal and thermal coal has diminished, while the demand for gold and iron ore has increased. However, the market of miming equipments is expected to witness significant growth during the forecast period, as the increasing use of electric machinery in underground mining and increasing stipulation for metals and commodities occupy a major share in the market of mining equipment.

Major Companies present in the market:

Sandvik AB, Caterpillar Inc., Komastu Limited, Volvo Group, Liebherr Group, Hitachi Construction Machinery Co., Limited, EpirocAb, Sany Heavy Equipment International Holdings Company Limited, Doosan Infracore Co. Limited, Guangxi Liugong Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Xuzhou Construction Machinery Group (XCMG), Bharat Earth Movers Limited, J C Bamford Excavators Limited, Wirtgen Group, Mine Master Ltd, FIORI GROUP S.p.A., JSC, WackerNeuson Group, Equipment North Inc., RTM Equipment, Astec Industries, Inc., BELL Equipment, AARD Mining Equipment

Considered in this report

Geography: Global
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report

Global Mining Equipment market with its value and forecast along with its segments
Region & country wise market analysis
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

Regions & Countries covered in the report

North America - United States, Canada, Mexico
Europe- Germany, United Kingdom, France, Italy, Spain, Russia
Asia-Pacific - China, Japan, South Korea, India, Australia
Latin America- Brazil, Argentina, Columbia
Middle-East & Africa- UAE, Saudi Arabia, South Africa

By Category of Mining Equipment in the report:

Crushing, pulverizing, screening machinery
Mineral processing machinery
Surface mining machinery
Underground mining machinery

By Application in the report:

Mineral Mining
Metal Mining
Coal Mining

By Propulsion in the report:

Diesel
CNG/LNG/RNG

By Power Output in the report:

Below 500 HP
500 to 2,000 HP
Above 2,000 HP

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry manufactures, consultants, Key vendors related to mining equipment industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

This product will be delivered within 2 business days.

1. Executive Summary2. Report Methodology

3. Market Structure

3.1. Market Considerate
3.2. Market Definition

4. Economic /Demographic Snapshot

5. Global Mining Equipment Market Outlook

5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Application
5.2.5. By Category
5.2.6. By Power Output
5.2.7. By Propulsion

6. North America Mining Equipment Market Outlook

6.1. Market Size by Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Application
6.2.3. By Category
6.2.4. By Power Output
6.3. US Mining Equipment Market Outlook
6.3.1. Market Size ByValue
6.3.2. Market Share
6.3.2.1. By Category
6.3.2.2. By Application
6.4. Canada Mining Equipment Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.4.2.1. By Category
6.4.2.2. By Application
6.5. Mexico Mining Equipment Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
6.5.2.1. By Category
6.5.2.2. By Application

7. Europe Mining Equipment Market Outlook

7.1. Market Size by Value
7.2. Market Share
7.2.1. By Country
7.2.2. By Application
7.2.3. By Category
7.2.4. By Power Output
7.3. Germany Mining Equipment Market Outlook
7.3.1. Market Size by Value
7.3.2. Market Share
7.3.2.1. By Category
7.3.2.2. By Application
7.4. UK Mining Equipment Market Outlook
7.4.1. Market Size by Value
7.4.2. Market Share
7.4.2.1. By Category
7.4.2.2. By Application
7.5. France Mining Equipment Market Outlook
7.5.1. Market Size by Value
7.5.2. Market Share
7.5.2.1. By Category
7.5.2.2. By Application
7.6. Italy Mining Equipment Market Outlook
7.6.1. Market Size by Value
7.6.2. Market Share
7.6.2.1. By Category
7.6.2.2. By Application
7.7. Spain Mining Equipment Market Outlook
7.7.1. Market Size by Value
7.7.2. Market Share
7.7.2.1. By Category
7.7.2.2. By Application
7.8. Russia Mining Equipment Market Outlook
7.8.1. Market Size by Value
7.8.2. Market Share
7.8.2.1. By Category
7.8.2.2. By Application

8. Asia-Pacific Mining Equipment Market Outlook

8.1. Market Size ByValue
8.2. Market Share
8.2.1. By Country
8.2.2. By Application
8.2.3. By Category
8.2.4. By Power Output
8.3. China Mining Equipment Market Outlook
8.3.1. Market Size by Value
8.3.2. Market Share
8.3.2.1. By Category
8.3.2.2. By Application
8.4. Japan Mining Equipment Market Outlook
8.4.1. Market Size by Value
8.4.2. Market Share
8.4.2.1. By Category
8.4.2.2. By Application
8.5. India Mining Equipment Market Outlook
8.5.1. Market Size by Value
8.5.2. Market Share
8.5.2.1. By Category
8.5.2.2. By Application
8.6. Australia Mining Equipment Market Outlook
8.6.1. Market Size by Value
8.6.2. Market Share
8.6.2.1. By Category
8.6.2.2. By Application
8.7. South Korea Mining Equipment Market Outlook
8.7.1. Market Size by Value
8.7.2. Market Share
8.7.2.1. By Category
8.7.2.2. By Application

9. South America Mining Equipment Market Outlook

9.1. Market Size by Value
9.2. Market Share
9.2.1. By Country
9.2.2. By Application
9.2.3. By Category
9.2.4. By Power Output
9.3. Brazil Mining Equipment Market Outlook
9.3.1. Market Size by Value
9.3.2. Market Share
9.3.2.1. By Category
9.3.2.2. By Application
9.4. Argentina Mining Equipment Market Outlook
9.4.1. Market Size by Value
9.4.2. Market Share
9.4.2.1. By Category
9.4.2.2. By Application
9.5. Columbia Mining Equipment Market Outlook
9.5.1. Market Size by Value
9.5.2. Market Share
9.5.2.1. By Category
9.5.2.2. By Application

10. Middle East & Africa Mining Equipment Market Outlook

10.1. Market Size byValue
10.2. Market Share
10.2.1. By Country
10.2.2. By Application
10.2.3. By Category
10.2.4. By Power Output
10.3. UAE Mining Equipment Market Outlook
10.3.1. Market Size by Value
10.3.2. Market Share
10.3.2.1. By Category
10.3.2.2. By Application
10.4. Saudi Arabia Mining Equipment Market Outlook
10.4.1. Market Size by Value
10.4.2. Market Share
10.4.2.1. By Category
10.4.2.2. By Application
10.5. South Africa Mining Equipment Market Outlook
10.5.1. Market Size by Value
10.5.2. Market Share
10.5.2.1. By Category
10.5.2.2. By Application

11. Market Dynamics

11.1. Market Drivers
11.2. Market Drivers

12. Market Trends and Developments

13. Company Profiles

13.1. Sandvik AB
13.2. Caterpillar Inc.
13.3. Komastu Limited
13.4. Volvo Group
13.5. Liebherr Group
13.6. Hitachi Construction Machinery Co., Limited
13.7. Epiroc AB
13.8. Sany Heavy Equipment International Holdings Company Limited
13.9. Doosan Infracore Co. Limited
13.10. Guangxi Liugong Machinery Co., Ltd.
13.11. Kobelco Construction Machinery Co., Ltd.
13.12. Sumitomo Heavy Industries
13.13. Xuzhou Construction Machinery Group (XCMG)
13.14. Bharat Earth Movers Limited
13.15. J C Bamford Excavators Limited
13.16. Wirtgen Group
13.17. Mine Master Ltd
13.18. FIORI GROUP S.p.A.
13.19. JSC
13.20. WackerNeuson Group
13.21. Equipment North Inc.
13.22. RTM Equipment
13.23. Astec Industries, Inc.
13.24. BELL Equipment
13.25. AARD Mining Equipment

14. Strategic Recommendations15. Disclaimer

List of Figures

Figure 1: Global Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 2: Global Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 3: Global Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 4: Global Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 5: Global Mining Equipment Market Share By Propulsion (2016, 2021&2027F)
Figure 6: North America Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 7: North America Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 8: North America Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 9: North America Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 10: US Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 11: US Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 12: US Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 13: Canada Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 14: Canada Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 15: Canada Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 16: Mexico Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 17: Mexico Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 18: Mexico Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 19: Europe Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 20: Europe Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 21: Europe Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 22: Europe Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 23: Germany Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 24: Germany Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 25: Germany Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 26: UK Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 27: UK Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 28: UK Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 29: France Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 30: France Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 31: France Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 32: Italy Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 33: Italy Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 34: Italy Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 35: Spain Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 36: Spain Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 37: Spain Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 38: Russia Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 39: Russia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 40: Russia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 41: Asia-Pacific Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 42: Asia-Pacific Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 43: Asia-PacificMining Equipment Market Share By Application (2016, 2021&2027F)
Figure 44: Asia-Pacific Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 45: China Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 46: China Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 47: China Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 48: Japan Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 49: Japan Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 50: Japan Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 51: India Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 52: India Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 53: India Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 54: Australia Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 55: Australia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 56: Australia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 57: South Korea Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 58: South Korea Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 59: South Korea Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 60: South America Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 61: South America Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 62: South America Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 63: South America Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 64: Brazil Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 65: Brazil Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 66: Brazil Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 67: Argentina Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 68: Argentina Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 69: Argentina Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 70: Columbia Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 71: Columbia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 72: Columbia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 73: Middle East & Africa Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 74: Middle East & Africa Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 75: Middle East & AfricaMining Equipment Market Share By Application (2016, 2021&2027F)
Figure 76: Middle East & Africa Mining Equipment Market Share By Power Output (2016, 2021&2027F)
Figure 77: UAE Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 78: UAE Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 79: UAE Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 80: Saudi Arabia Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 81: Saudi Arabia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 82: Saudi Arabia Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 83: South Africa Mining Equipment Market Size By Value 2016 to 2027F (In USD Billions)
Figure 84: South Africa Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 85: South Africa Mining Equipment Market Share By Application (2016, 2021&2027F)
Figure 86: Market Attractiveness Index, 2021
Figure 87: Market Attractiveness Index, 2027F

List of Tables

Table 1: Top 10 Countries Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Mining Equipment Market Share By Region (2016, 2021&2027F)
Table 5: Global Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 6: Global Mining Equipment Market Share By Company (2020)
Table 7: North America Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 8:Europe Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 9: Asia-Pacific Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 10: South America Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 11: Middle East & Africa Mining Equipment Market Share By Country (2016, 2021&2027F)
Table 12: Key Facts of Sandvik AB
Table 13: Key Facts of Caterpillar Inc.
Table 14: Key Facts of Komastu Limited
Table 15: Key Facts of Volvo Group
Table 16: Key Facts of Liebherr Group
Table 17: Key Facts of Hitachi Construction Machinery Co., Limited
Table 18: Key Facts of Epiroc AB
Table 19: Key Facts of Sany Heavy Equipment International Holdings Company Limited
Table 20: Key Facts of Doosan Infracore Co. Limited
Table 21: Key Facts of Guangxi Lingong Machinery Co., Ltd
Table 22: Key Facts ofKobelco Construction Machinery Co., Ltd.
Table 23: Key Facts of Sumitomo Heavy Industries
Table 24: Key Facts of Xuzhou Construction Machinery Group (XCMG)
Table 25: Key Facts of Bharat Earth Movers Limited
Table 26: Key Facts of J C Bamford Excavators Limited
Table 27: Key Facts of Wirtgen Group
Table 28: Key Facts of Mine Master Ltd
Table 29: Key Facts of FIORI GROUP S.p.A.
Table 30: Key Facts of JSC
Table 31: Key Facts of WackerNeuson Group
Table 32: Key Facts of Equipment North Inc.
Table 33: Key Facts of RTM Equipment
Table 34: Key Facts of Astec Industries, Inc.
Table 35: Key Facts of BELL Equipment
Table 36: Key Facts of AARD Mining Equipment

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Sandvik AB
Caterpillar Inc.
Komastu Limited
Volvo Group
Liebherr Group
Hitachi Construction Machinery Co., Limited
Epiroc AB
Sany Heavy Equipment International Holdings Company Limited
Doosan Infracore Co. Limited
Guangxi Liugong Machinery Co., Ltd.
Kobelco Construction Machinery Co., Ltd.
Sumitomo Heavy Industries
Xuzhou Construction Machinery Group (XCMG)
Bharat Earth Movers Limited
J C Bamford Excavators Limited
Wirtgen Group
Mine Master Ltd
FIORI GROUP S.p.A.
JSC
WackerNeuson Group
Equipment North Inc.
RTM Equipment
Astec Industries, Inc.
BELL Equipment
AARD Mining Equipment

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Impact of Covid-19 on Mining Equipment Market:

Major Companies present in the market:

Considered in this report

Aspects covered in this report

Regions & Countries covered in the report

By Category of Mining Equipment in the report:

By Application in the report:

By Propulsion in the report:

By Power Output in the report:

The approach of the report:

Intended audience

Table of Contents

Companies Mentioned (Partial List)

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