Germany Mining Equipment Market Size & Outlook, 2026-2033
Global Market
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Germany mining equipment market highlights
- The Germany mining equipment market generated a revenue of USD 6,214.1 million in 2025 and is expected to reach USD 9,006.3 million by 2033.
- The Germany market is expected to grow at a CAGR of 4.8% 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 6,214.1 million |
| Market revenue in 2033 | USD 9,006.3 million |
| Growth rate | 4.8% (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, Germany accounted for 4.0% 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 Europe, Germany mining equipment market is projected to lead the regional market in terms of revenue in 2033.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 3,201.3 million by 2033.
According to IMF projections, the German economy decreased by 2.9% in 2021 as a result of the spread of COVID-19. The OECD projected that the economy will increase by 1.9% in 2022 and 1.7% in 2023, with the recovery being hindered by the Ukraine conflict and the Russian oil embargo.
In 2021, the German economy struggled to achieve a growth rate of 2% due to global supply bottlenecks in intermediate items, which prevented the local sector from accelerating despite healthy domestic and foreign demand.
Rising interest rates in the U.S. and Europe along with ongoing supply chain issues in Germany have led to a shortage of raw materials like metals and stainless steel. This is expected to have a significant effect on the growth of mining equipment market in Germany over the forecast period.
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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 |
Germany 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 44.09% in 2025.
Horizon Databook has segmented the Germany 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 projections, the German economy decreased by 2.9% in 2021 as a result of the spread of COVID-19. The OECD projected that the economy will increase by 1.9% in 2022 and 1.7% in 2023, with the recovery being hindered by the Ukraine conflict and the Russian oil embargo.
In 2021, the German economy struggled to achieve a growth rate of 2% due to global supply bottlenecks in intermediate items, which prevented the local sector from accelerating despite healthy domestic and foreign demand.
Rising interest rates in the U.S. and Europe along with ongoing supply chain issues in Germany have led to a shortage of raw materials like metals and stainless steel. This is expected to have a significant effect on the growth of mining equipment market in Germany over the forecast period.
- Germany Mining Equipment Market Equipment Type Outlook (Revenue, USD Million , 2021-2033)
- Underground Mining Equipment
- Surface Mining Equipment
- Crushing, Pulverizing & Screening Equipment
- Drills & Breakers
- Others
- Germany Mining Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Metal Mining
- Non-Metal Mining
- Coal Mining
- Germany Mining Equipment Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Gasoline
- Electric
- Germany 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 Germany Mining Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Mining Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Germany Mining Equipment Market, 2021-2033 (US$M)
Germany mining equipment market statistics, by equipment type, 2021-2033 (US$M)
