Mining Equipment Market Size, Share & Trends Report

Mining Equipment Market Size, Share & Trends Analysis Report By Equipment Type (Underground Mining Equipment, Surface Mining Equipment), By Power Source, By Power Output, By Application (Metal Mining), By Region, And Segment Forecasts, 2024 - 2030

Report ID: 978-1-68038-017-0
Number of Pages: 150
Format: Electronic (PDF)

Historical Range: 2018 - 2021
Industry: Technology

Market Segmentation

Equipment Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Underground Mining Equipment
- Surface Mining Equipment
- Crushing, Pulverizing & Screening Equipment
- Drills & Breakers
- Others
Power Source Outlook (Revenue, USD Million, 2018 - 2030)
- Gasoline
- Electric
Power Output Outlook (Revenue, USD Million, 2018 - 2030)
- <500 HP
- 500-2000 HP
- >2000 HP
Application Output Outlook (Revenue, USD Billion, 2018 - 2030)
- Metal Mining
- Non-Metal Mining
- Coal Mining
Mining Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
  - North America Mining Equipment Market, By Equipment Type
    - Underground Mining Equipment
    - Surface Mining Equipment
    - Crushing, Pulverizing & Screening Equipment
    - Drills & Breakers
    - Others
  - North America Mining Equipment Market, by Power Source
  - North America Mining Equipment Market, by Power Output
    - <500 HP
    - 500-2000 HP
    - >2000 HP
  - North America Mining Equipment Market, By Application
    - Metal Mining
    - Non-Metal Mining
    - Coal Mining
  - U.S.
    - U.S. Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - U.S. Mining Equipment Market, by Power Source
    - U.S. Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - U.S. Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Canada
    - Canada Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Canada Mining Equipment Market, by Power Source
    - Canada Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Canada Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Mexico
    - Mexico Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Mexico Mining Equipment Market, by Power Source
    - Mexico Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Mexico Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
- Europe
  - Europe Mining Equipment Market, By Equipment Type
    - Underground Mining Equipment
    - Surface Mining Equipment
    - Crushing, Pulverizing & Screening Equipment
    - Drills & Breakers
    - Others
  - Europe Mining Equipment Market, by Power Source
  - Europe Mining Equipment Market, by Power Output
    - <500 HP
    - 500-2000 HP
    - >2000 HP
  - Europe Mining Equipment Market, By Application
    - Metal Mining
    - Non-Metal Mining
    - Coal Mining
  - Germany
    - Germany Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Germany Mining Equipment Market, by Power Source
    - Germany Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Germany Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - France
    - France Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - France Mining Equipment Market, by Power Source
    - France Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - France Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - U.K.
    - U.K. Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - U.K. Mining Equipment Market, by Power Source
    - U.K. Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - U.K. Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Italy
    - Italy Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Italy Mining Equipment Market, by Power Source
    - Italy Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Italy Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Norway
    - Norway Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Norway Mining Equipment Market, by Power Source
    - Norway Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Norway Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Sweden
    - Sweden Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Sweden Mining Equipment Market, by Power Source
    - Sweden Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Sweden Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Finland
    - Finland Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Finland Mining Equipment Market, by Power Source
    - Finland Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Finland Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
- Asia Pacific
  - Asia Pacific Mining Equipment Market, By Equipment Type
    - Underground Mining Equipment
    - Surface Mining Equipment
    - Crushing, Pulverizing & Screening Equipment
    - Drills & Breakers
    - Others
  - Asia Pacific Mining Equipment Market, by Power Source
  - Asia Pacific Mining Equipment Market, by Power Output
    - <500 HP
    - 500-2000 HP
    - >2000 HP
  - Asia Pacific Mining Equipment Market, By Application
    - Metal Mining
    - Non-Metal Mining
    - Coal Mining
  - China
    - China Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - China Mining Equipment Market, by Power Source
    - China Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - China Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Japan
    - Japan Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Japan Mining Equipment Market, by Power Source
    - Japan Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Japan Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - India
    - India Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - India Mining Equipment Market, by Power Source
    - India Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - India Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - South Korea
    - South Korea Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - South Korea Mining Equipment Market, by Power Source
    - South Korea Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - South Korea Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Australia
    - Australia Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Australia Mining Equipment Market, by Power Source
    - Australia Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Australia Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
- Central & South America
  - Central & South America Mining Equipment Market, By Equipment Type
    - Underground Mining Equipment
    - Surface Mining Equipment
    - Crushing, Pulverizing & Screening Equipment
    - Drills & Breakers
    - Others
  - Central & South America Mining Equipment Market, by Power Source
  - Central & South America Mining Equipment Market, by Power Output
    - <500 HP
    - 500-2000 HP
    - >2000 HP
  - Central & South America Mining Equipment Market, By Application
    - Metal Mining
    - Non-Metal Mining
    - Coal Mining
  - Brazil
    - Brazil Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Brazil Mining Equipment Market, by Power Source
    - Brazil Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Brazil Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - Argentina
    - Argentina Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Argentina Mining Equipment Market, by Power Source
    - Argentina Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Argentina Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
- Middle East & Africa
  - Middle East & Africa Mining Equipment Market, By Equipment Type
    - Underground Mining Equipment
    - Surface Mining Equipment
    - Crushing, Pulverizing & Screening Equipment
    - Drills & Breakers
    - Others
  - Middle East & Africa Mining Equipment Market, by Power Source
  - Middle East & Africa Mining Equipment Market, by Power Output
    - <500 HP
    - 500-2000 HP
    - >2000 HP
  - Middle East & Africa Mining Equipment Market, By Application
    - Metal Mining
    - Non-Metal Mining
    - Coal Mining
  - Saudi Arabia
    - Saudi Arabia Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - Saudi Arabia Mining Equipment Market, by Power Source
    - Saudi Arabia Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - Saudi Arabia Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining
  - South Africa
    - South Africa Mining Equipment Market, By Equipment Type
      - Underground Mining Equipment
      - Surface Mining Equipment
      - Crushing, Pulverizing & Screening Equipment
      - Drills & Breakers
      - Others
    - South Africa Mining Equipment Market, by Power Source
    - South Africa Mining Equipment Market, by Power Output
      - <500 HP
      - 500-2000 HP
      - >2000 HP
    - South Africa Mining Equipment Market, By Application
      - Metal Mining
      - Non-Metal Mining
      - Coal Mining

Mining Equipment Market Dynamics

Driver: Decrease In Ore Grades

Due to decreasing ore grades worldwide, more efficient comminution activities are needed to meet the global demand for minerals. Due to the diminishing proportion of the desired metals and minerals in mined ores, the output of the crushing and grinding processes requires to be fine for improved extraction of ores. The mining industry requires a large amount of energy to extract and protect resources, including a variety of refining and concentration processes. The decrease in the average copper ore grade has led to an increase in energy consumption and total material production, thereby propelling the demand for high-performance mining equipment.

Improvements and innovations in extraction technologies have contributed to the changes in ore grades, extending the life of older mines over new mines. The decline in ore grades leads to a surge in material deposits that contain a significant amount of metals. Australia has been the largest exporter of iron ore in the world that witnessed an approximately 4% decrease in shipments, while shipments from South Korea rose in April 2020. China also witnessed a little decline in shipments in April 2020.

Driver: Mining Automation To Accelerate The Industry Growth

The integration of automated technology in mining operations is expected to boost the demand for innovative mining equipment. Mining companies are turning toward leading technology firms to use the latest automation technology in their existing mining equipment. Several mining companies are collaborating with each other for gaining real-time insights. The growing prevalence of automation has led key players to either retrofit their current product portfolio with the latest automation technologies or launch new automated products. Additionally, regional governments are taking initiatives toward the adoption of autonomous mining equipment as a part of their long-term mining strategy.

Restraint: High Machinery And Operating Costs

The high machinery, purchasing and maintenance cost associated with mining equipment is a big challenge to the industry’s growth. The lack of skilled personnel required to operate the mining equipment, and the lack of proper training for automotive engineers may significantly impact the demand. The high operating cost of these machines is also estimated to hinder industry growth. Moreover, the higher prices of these machines attributed to the new Environment Protection Agency (EPA) emission regulations. The unpredictable prices of raw materials, uncertainty in economic conditions, and the enforcement of emission-control norms are further estimated to impede the global mining equipment market growth over the forecast period.

What Does This Report Include?

This section will provide insights into the contents included in this mining equipment market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Mining equipment market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Mining equipment market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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