U.S. Mining Equipment Market Size & Outlook, 2026-2033
Global Market
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U.S. mining equipment market highlights
- The U.S. mining equipment market generated a revenue of USD 18,351.9 million in 2025 and is expected to reach USD 25,265.0 million by 2033.
- The U.S. market is expected to grow at a CAGR of 4.1% 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 18,351.9 million |
| Market revenue in 2033 | USD 25,265.0 million |
| Growth rate | 4.1% (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, U.S. accounted for 11.8% 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 the U.S. declined by 3.5% in 2020. This drop can be attributed to the nationwide lockdown imposed in the U.S. to contain the spread of COVID-19.
Elaborating on the U.S., the country offers numerous lucrative opportunities for the mining equipment market, owing to the increasing mining activities in the area on account of the burgeoning consumer demand.
For instance, in February 2022, the U.S. government announced supporting the production of minerals used in electric vehicles and other renewable energy products. Furthermore, in October 2021, Volvo Construction Equipment expanded its range of electric construction equipment by launching three new compact electric machines, the ECR18 Electric excavators, EC18 Electric, and the L20 electric wheeled loader.
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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 |
U.S. 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 46.91% in 2025.
Horizon Databook has segmented the U.S. 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 the U.S. declined by 3.5% in 2020. This drop can be attributed to the nationwide lockdown imposed in the U.S. to contain the spread of COVID-19.
Elaborating on the U.S., the country offers numerous lucrative opportunities for the mining equipment market, owing to the increasing mining activities in the area on account of the burgeoning consumer demand.
For instance, in February 2022, the U.S. government announced supporting the production of minerals used in electric vehicles and other renewable energy products. Furthermore, in October 2021, Volvo Construction Equipment expanded its range of electric construction equipment by launching three new compact electric machines, the ECR18 Electric excavators, EC18 Electric, and the L20 electric wheeled loader.
- U.S. Mining Equipment Market Equipment Type Outlook (Revenue, USD Million , 2021-2033)
- Underground Mining Equipment
- Surface Mining Equipment
- Crushing, Pulverizing & Screening Equipment
- Drills & Breakers
- Others
- U.S. Mining Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Metal Mining
- Non-Metal Mining
- Coal Mining
- U.S. Mining Equipment Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Gasoline
- Electric
- U.S. 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 U.S. Mining Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Mining Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
U.S. Mining Equipment Market, 2021-2033 (US$M)
U.S. mining equipment market statistics, by equipment type, 2021-2033 (US$M)
