Global Mining Equipment Market Outlook, 2027
Global Mining Equipment Market is expected to reach more than USD 30 Billion in the year 2021. It is expected to expand at a CAGR of more than 4.9% from 2022 to 2027.
- Bonafide Research
- 29-04-2022
- Pages : 172
- Figures : 87
- Tables : 36
- Region : Global
- Category : Manufacturing & Industry
- Machinery, Parts & Equipment
Featured Companies
- 1. Caterpillar Private Limited
- 2. Doosan Infracore
- 3. Epiroc
- 4. J C Bamford Excavators Ltd
- 5. Liebherr
- 6. Sandvik Mining And Rock Technology
- 7. Sany
- 8. Volvo Construction Equipments
- 9. Komastu Limited
- More...
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”, published by Bonafide Research, 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.
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
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Companies Mentioned
- Caterpillar Private Limited
- Doosan Infracore
- Epiroc
- J C Bamford Excavators Ltd
- Liebherr
- Sandvik Mining And Rock Technology
- Sany
- Volvo Construction Equipments
- Komastu Limited
- Guangxi Liugong Machinery Co., Ltd.
- Kobelco Construction Machinery Co., Ltd.
- Sumitomo Heavy Industries
- Xuzhou Construction Machinery Group (XCMG)
- Bharat Earth Movers Limited
- Wirtgen Group
- Mine Master Ltd
- FIORI GROUP S.p.A.
- JSC
- Wacker Neuson Group
- Equipment North Inc.
- RTM Equipment
- Astec Industries, Inc.
- BELL Equipment
- AARD Mining Equipment
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. 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
- 12.1. XXXXXX
- 12.2. XXXXXX
- 12.3. XXXXXX
- 12.4. XXXXXX
- 12.5. XXXXXX
- 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 Recommendations
- 15. Disclaimer
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
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
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