Australia Mining Equipment Market Size & Outlook, 2026-2033
Global Market
Related Markets
Australia mining equipment market highlights
- The Australia mining equipment market generated a revenue of USD 10,305.3 million in 2025 and is expected to reach USD 18,076.4 million by 2033.
- The Australia market is expected to grow at a CAGR of 7.3% from 2026 to 2033.
- In terms of segment, surface mining equipment was the largest revenue generating equipment type in 2025.
- Underground Mining Equipment is the most lucrative equipment type segment registering the fastest growth during the forecast period.
Mining equipment market data book summary
| Market revenue in 2025 | USD 10,305.3 million |
| Market revenue in 2033 | USD 18,076.4 million |
| Growth rate | 7.3% (CAGR from 2026 to 2033) |
| Largest segment | Surface mining equipment |
| Fastest growing segment | Underground Mining Equipment |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Underground Mining Equipment, Surface Mining Equipment, Crushing, Pulverizing & Screening Equipment, Drills & Breakers |
| Key market players worldwide | Epiroc AB DR, Caterpillar Inc, China Coal Energy Co Ltd Class H, Komatsu Ltd, Liebherr Group, Metso Corp |
Other key industry trends
- In terms of revenue, Australia accounted for 6.6% of the global mining equipment market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China mining equipment market is projected to lead the regional market in terms of revenue in 2033.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 18,076.4 million by 2033.
According to IMF, the GDP of Australia contracted by 2.4% in 2020 and the country’s economy is expected to recover with a GDP of 4.5% in 2021 and 2.8% in 2022. According to the Reserve Bank of Australia, Australia was one of the major economies that performed relatively well in 2020 considering the country's GDP contracted by only 1.1%.
According to the Australian Trade and Investment Commission, it has the Economic Demonstrated Resources (EDR) of gold, diamond, lead, iron ore, zircon, nickel, rutile, tantalum, zinc, uranium, and the world's second-largest EDR of brown coal, bauxite, tungsten, copper, ilmenite, niobium, and silver.
Over the last decade, the mining boom has resulted in the establishment of an Australian Mining Equipment, Technology, and Services (METS) sector that works both in Australia and internationally. Furthermore, Australia's METS sector contributes roughly 57.74 Billion to its GDP each year, including at least USD 17.32 Billion in exports.
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Publish Date: Apr 14, 2026
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Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Caterpillar Inc | View profile | 121,173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | www.caterpillar.com |
| Komatsu Ltd | View profile | 70,608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | www.komatsu.jp |
| Epiroc AB DR | View profile | 18,157 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-131 54 | www.epirocgroup.com |
| Metso Corp | View profile | 17,121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | www.metso.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | www.liebherr.com |
| China Coal Energy Co Ltd Class H | View profile | 47,122 | No. 1 Huangsidajie, Chaoyang District, Beijing, China, People's Republic of, 100120 | www.chinacoalenergy.com |
Australia Mining Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Mining Equipment Market Outlook will help companies and investors design strategic landscapes.
Surface Mining Equipment was the largest segment with a revenue share of 44.3% in 2025.
Horizon Databook has segmented the Australia mining equipment market based on underground mining equipment, surface mining equipment, crushing, pulverizing & screening equipment, drills & breakers covering the revenue growth of each sub-segment from 2021 to 2033.
According to IMF, the GDP of Australia contracted by 2.4% in 2020 and the country’s economy is expected to recover with a GDP of 4.5% in 2021 and 2.8% in 2022. According to the Reserve Bank of Australia, Australia was one of the major economies that performed relatively well in 2020 considering the country's GDP contracted by only 1.1%.
According to the Australian Trade and Investment Commission, it has the Economic Demonstrated Resources (EDR) of gold, diamond, lead, iron ore, zircon, nickel, rutile, tantalum, zinc, uranium, and the world's second-largest EDR of brown coal, bauxite, tungsten, copper, ilmenite, niobium, and silver.
Over the last decade, the mining boom has resulted in the establishment of an Australian Mining Equipment, Technology, and Services (METS) sector that works both in Australia and internationally. Furthermore, Australia's METS sector contributes roughly 57.74 Billion to its GDP each year, including at least USD 17.32 Billion in exports.
- Australia Mining Equipment Market Equipment Type Outlook (Revenue, USD Million , 2021-2033)
- Underground Mining Equipment
- Surface Mining Equipment
- Crushing, Pulverizing & Screening Equipment
- Drills & Breakers
- Others
- Australia Mining Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Metal Mining
- Non-Metal Mining
- Coal Mining
- Australia Mining Equipment Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Gasoline
- Electric
- Australia Mining Equipment Market Power Output Outlook (Revenue, USD Million , 2021-2033)
- <500 HP
- 500-2000 HP
- >2000 HP
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Mining Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Mining Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Australia Mining Equipment Market, 2021-2033 (US$M)
Australia mining equipment market statistics, by equipment type, 2021-2033 (US$M)
