China Mining Equipment Market Size & Outlook, 2025-2033
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China mining equipment market highlights
- The China mining equipment market generated a revenue of USD 22,818.1 million in 2024 and is expected to reach USD 40,334.4 million by 2033.
- The China market is expected to grow at a CAGR of 6.6% from 2025 to 2033.
- In terms of segment, underground mining equipment was the largest revenue generating equipment type in 2024.
- 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 2024 | USD 22,818.1 million |
| Market revenue in 2033 | USD 40,334.4 million |
| Growth rate | 6.6% (CAGR from 2025 to 2033) |
| Largest segment | Underground mining equipment |
| Fastest growing segment | Underground Mining Equipment |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, China accounted for 15.4% of the global mining equipment market in 2024.
- 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.
Underground mining equipment was the largest segment with a revenue share of 38.02% in 2024. Horizon Databook has segmented the China 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.
China is one of the most highly emerging countries globally. According to the World Bank, the country’s GDP stood at USD 14.34 trillion in 2019. Major industries contributing to the country’s economic growth include manufacturing, mining, energy, and agriculture.
China is a major hub for mining equipment demand dominating the Asia Pacific region. Local manufacturers are rapidly upgrading and expanding their quality to meet both domestic and international demand. Many Chinese manufacturers have opened manufacturing facilities in the U.S. and Brazil allowing them to get closer to the miners.
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Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| China Coal Energy Co Ltd Class H | View profile | 47122 | No. 1 Huangsidajie, Chaoyang District, Beijing, China, People's Republic of, 100120 | https://www.chinacoalenergy.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Metso Corp | View profile | 17121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | https://www.metso.com |
| Epiroc AB DR | View profile | 18157 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-131 54 | https://www.epirocgroup.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
China mining equipment market size, by equipment type, 2021-2033 (US$M)
China Mining Equipment Market Outlook Share, 2024 & 2033 (US$M)
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