South Korea Mining Equipment Rental Market Size & Outlook
The mining equipment rental market in South Korea is expected to reach a projected revenue of US$ 1,632.1 million by 2033. A compound annual growth rate of 5.5% is expected of South Korea mining equipment rental market from 2026 to 2033.
- Machinery & Manufacturing
- Industrial Process & Solutions
- Mining Equipment Rental Market Outlook
- Industrial Process & Solutions
Revenue, 2025 (US$M)
$1,079.7
Estimate, 2026 (US$M)
$1,122.3
Forecast, 2033 (US$M)
$1,632.1
CAGR, 2026 - 2033
5.5%
Global Market
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South Korea mining equipment rental market highlights
- The South Korea mining equipment rental market generated a revenue of USD 1,079.7 million in 2025 and is expected to reach USD 1,632.1 million by 2033.
- The South Korea market is expected to grow at a CAGR of 5.5% from 2026 to 2033.
- In terms of segment, surface mining equipment was the largest revenue generating equipment in 2025.
- Underground Mining Equipment is the most lucrative equipment segment registering the fastest growth during the forecast period.
Mining equipment rental market data book summary
| Market revenue in 2025 | USD 1,079.7 million |
| Market revenue in 2033 | USD 1,632.1 million |
| Growth rate | 5.5% (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 | United Rentals Inc, Hertz Global Holdings Inc Ordinary Shares (New), Caterpillar Inc, Loxam Holding, MacAllister Machinery Co., Inc., Trident, Ritchie Bros, Epiroc AB DR, Komatsu Ltd, Sany Group, Bomag, Doosan Infracore, XCMG, Liebherr Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.0% of the global mining equipment rental 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 rental 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 13,111.6 million by 2033.
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Publish Date: Feb 17, 2025
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Mining Equipment Rental Market Scope
Mining Equipment Rental Market segmentation & scope
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Mining Equipment Rental 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 |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | www.liebherr.com |
| Hertz Global Holdings Inc Ordinary Shares (New) | View profile | 27,000 | 8501 Williams Road, Estero, FL, United States, 33928 | www.hertz.com |
| United Rentals Inc | View profile | 26,300 | 100 First Stamford Place, Suite 700, Stamford, CT, United States, 06902 | www.unitedrentals.com |
| Trident | View profile | 11-50 | New York, New York, United States, North America | www.trident.co |
| XCMG | View profile | 11-50 | Santiago, Region Metropolitana, Chile, South America | xcmg.cl |
| Sany Group | View profile | 10001+ | Changshan, Hunan, China, Asia | www.sanyglobal.com |
| MacAllister Machinery Co., Inc. | View profile | 1001-5000 | Indianapolis, Indiana, United States, North America | www.macallister.com |
South Korea Mining Equipment Rental 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 Rental Market Outlook will help companies and investors design strategic landscapes.
Surface Mining Equipment was the largest segment with a revenue share of 43.34% in 2025.
Horizon Databook has segmented the South Korea mining equipment rental 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.
- South Korea Mining Equipment Rental Market Equipment Outlook (Revenue, USD Million , 2021-2033)
- Underground Mining Equipment
- Surface Mining Equipment
- Crushing, Pulverizing & Screening Equipment
- Drills & Breakers
- Others
- South Korea Mining Equipment Rental Market Power Output Outlook (Revenue, USD Million , 2021-2033)
- <500 HP
- 500-2000 HP
- >2000 HP
- South Korea Mining Equipment Rental Market Rent Type Outlook (Revenue, USD Million , 2021-2033)
- Short-Term
- Long-Term
- Rent-to-Own
- South Korea Mining Equipment Rental Market Application Outlook (Revenue, USD Million , 2021-2033)
- Metal Mining
- Non-metal Mining
- Coal Mining
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Mining Equipment Rental Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Mining Equipment Rental Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Mining Equipment Rental Market, 2021-2033 (US$M)
South Korea mining equipment rental market statistics, by equipment, 2021-2033 (US$M)
