Canada Mining Equipment Market Size & Outlook, 2026-2033
Global Market
Related Markets
Canada mining equipment market highlights
- The Canada mining equipment market generated a revenue of USD 9,527.9 million in 2025 and is expected to reach USD 13,795.7 million by 2033.
- The Canada market is expected to grow at a CAGR of 4.8% from 2026 to 2033.
- In terms of segment, underground 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 9,527.9 million |
| Market revenue in 2033 | USD 13,795.7 million |
| Growth rate | 4.8% (CAGR from 2026 to 2033) |
| Largest segment | Underground 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, Canada accounted for 6.1% 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 North America, U.S. mining equipment market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 10,936.4 million by 2033.
According to the International Monetary Fund (IMF) World Economic Outlook, the GDP growth rate of Canada stood at 4.6% in 2021 owing to the improved trade terms. According to the Government of Canada website, Canada's mining industry ranks in the top five producers of cobalt, fluorspar, aluminum, diamonds, gemstones, palladium, gold, indium, niobium, platinum, tellurium, uranium, and titanium concentrate.
The increase was primarily due to price hike for most minerals and metals as key economies reopened and demand rebounded, while supply chains and several important producing countries struggled with the effects of the pandemic.
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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 |
Canada 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.
Underground Mining Equipment was the largest segment with a revenue share of 42.11% in 2025.
Horizon Databook has segmented the Canada 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 the International Monetary Fund (IMF) World Economic Outlook, the GDP growth rate of Canada stood at 4.6% in 2021 owing to the improved trade terms. According to the Government of Canada website, Canada's mining industry ranks in the top five producers of cobalt, fluorspar, aluminum, diamonds, gemstones, palladium, gold, indium, niobium, platinum, tellurium, uranium, and titanium concentrate.
The increase was primarily due to price hike for most minerals and metals as key economies reopened and demand rebounded, while supply chains and several important producing countries struggled with the effects of the pandemic.
- Canada Mining Equipment Market Equipment Type Outlook (Revenue, USD Million , 2021-2033)
- Underground Mining Equipment
- Surface Mining Equipment
- Crushing, Pulverizing & Screening Equipment
- Drills & Breakers
- Others
- Canada Mining Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Metal Mining
- Non-Metal Mining
- Coal Mining
- Canada Mining Equipment Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Gasoline
- Electric
- Canada 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 Canada Mining Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Mining Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Mining Equipment Market, 2021-2033 (US$M)
Canada mining equipment market statistics, by equipment type, 2021-2033 (US$M)
