South Korea Mining Equipment Market Size & Outlook
Global Market
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South Korea mining equipment market highlights
- The South Korea mining equipment market generated a revenue of USD 1,496.2 million in 2025 and is expected to reach USD 2,256.4 million by 2033.
- The South Korea market is expected to grow at a CAGR of 5.3% 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 1,496.2 million |
| Market revenue in 2033 | USD 2,256.4 million |
| Growth rate | 5.3% (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, South Korea accounted for 1.0% 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 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 the International Monetary Fund, the GDP growth of South Korea declined by 0.9% in 2020 in the wake of the COVID-19 pandemic According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure.
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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 |
South Korea 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 43.68% in 2025.
Horizon Databook has segmented the South Korea 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, the GDP growth of South Korea declined by 0.9% in 2020 in the wake of the COVID-19 pandemic According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure.
- South Korea Mining Equipment Market Equipment Type Outlook (Revenue, USD Million , 2021-2033)
- Underground Mining Equipment
- Surface Mining Equipment
- Crushing, Pulverizing & Screening Equipment
- Drills & Breakers
- Others
- South Korea Mining Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Metal Mining
- Non-Metal Mining
- Coal Mining
- South Korea Mining Equipment Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Gasoline
- Electric
- South Korea 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 South Korea Mining Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Mining Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Mining Equipment Market, 2021-2033 (US$M)
South Korea mining equipment market statistics, by equipment type, 2021-2033 (US$M)
