Mining Material Handling Equipment Market To Reach $54,859.5 Million By 2033

Mining Material Handling Equipment Market Growth & Trends

The global mining material handling equipment market size is anticipated to reach USD 54,859.5 million by 2033, registering a CAGR of 4.5% from 2025 to 2033, according to a new report by Grand View Research, Inc. Mining companies are adopting battery-electric and hybrid material handling equipment. This trend reduces fuel consumption, lowers emissions, and improves sustainability. Electrification also helps comply with stricter environmental regulations. It supports operational efficiency by minimizing downtime and maintenance needs.

The adoption of IoT, AI, and automated systems is transforming how mining operations manage material handling. Real-time data monitoring allows predictive maintenance, reducing equipment downtime and extending asset life. Automation enhances worker safety by minimizing exposure to hazardous environments. Smart material handling solutions also improve operational efficiency, throughput, and overall resource utilization.

Sustainable mining practices are driving demand for energy-efficient and low-emission handling equipment. Companies are integrating eco-friendly technologies, such as electric conveyors and regenerative braking systems, to reduce environmental impact. Compliance with local and global environmental regulations is a key factor influencing equipment design. Sustainable solutions also improve corporate social responsibility and enhance brand value.  

Expanding mining operations in regions like Asia Pacific, Latin America, and Africa are creating demand for high-capacity, robust material handling solutions. Large-scale projects require reliable, durable machinery that can handle heavy workloads efficiently. Investments in modern mining infrastructure encourage the replacement of older equipment with technologically advanced systems. This trend supports market growth while promoting innovation in automation and energy efficiency.

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Mining Material Handling Equipment Market Report Highlights

• Based on mining method, the surface mining segment led the market in 2024 due to its cost-effectiveness and ability to extract large volumes efficiently. High mechanization and easier access to resources make it the preferred choice. Its efficiency in handling bulk materials ensures a consistent demand for material handling equipment.

• Based on product, the haulage & loading equipment segment led the market with a 45.0% share in 2024 due to its critical role in transporting mined materials efficiently. High durability and large capacity make it essential for mining operations. Continuous technological improvements in safety and automation further support its market leadership.

• Based on region, Asia Pacific led the market due to rapid industrialization and extensive mining activities in countries like China and Australia. High demand for minerals and metals drives consistent equipment adoption. Investments in modern mining infrastructure and advanced technology further strengthen the region’s market dominance.

• In September 2024, at MINExpo 2024, Komatsu introduced new underground mining equipment, including the battery-electric WX04B LHD and HX45 mining truck. The lineup also features the WX15 LHD, ZJ32 drill jumbo, and ZB31 bolter, designed for efficiency and modularity. Innovations focus on safer, more productive underground operations. These updates highlight Komatsu’s commitment to sustainable mining solutions.

Mining Material Handling Equipment Market Segmentation

Grand View Research, Inc. has segmented the global mining material handling equipment market on the basis of mining method, product, and region.

Mining Material Handling Equipment Mining Method Outlook (Revenue, USD Million, 2021 - 2033)

• Surface Mining

• Underground Mining

Mining Material Handling Equipment Product Outlook (Revenue, USD Million, 2021 - 2033)

• Haulage & Loading Equipment

• Bulk Continuous Material Transport Systems

• Underground-Specific Haulage & Hoisting Systems

• Lifting Equipment

Mining Material Handling Equipment Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latine America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Mining Material Handling Equipment Market

• Thyssenkrupp AG

• Metso Outotec Corporation

• FLSmidth & Co. A/S

• Caterpillar Inc.

• Komatsu Ltd.

• Sandvik AB

• Liebherr Group

• Hitachi Construction Machinery Co., Ltd.

• XCMG Group

• Volvo Construction Equipment

• JCB

• BEUMER Group

• EDGE Innovate. (NI) LTD

• Masaba, Inc