PUBLISHER: Grand View Research | PRODUCT CODE: 1869613
PUBLISHER: Grand View Research | PRODUCT CODE: 1869613
The global mining material handling equipment market size was valued at USD 37,370.0 million in 2024 and is projected to reach USD 54,859.5 million by 2033, growing at a CAGR of 4.5% from 2025 to 2033. The growth of the industry is primarily driven by the increasing demand for minerals and metals globally.
Increasing demand for minerals used in construction, infrastructure, energy generation, and the clean energy transition has accelerated mining activities worldwide, driving significant investments in advanced material handling systems. Expansion of large-scale mining projects in regions like Asia Pacific, Latin America, and Africa is further propelling market growth. The need to optimize transportation, storage, and processing of mined materials is pushing companies to upgrade their equipment. Stringent safety regulations and labor efficiency concerns are driving the integration of advanced material handling systems. Consequently, mining companies are increasingly focusing on robust, durable, and high-capacity equipment to meet growing production demands.
Global Mining Material Handling Equipment Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global mining material handling equipment market report based on product, mining method, and region.