PUBLISHER: The Business Research Company | PRODUCT CODE: 1929382
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929382
Mining is the process of extracting minerals, metals, and other valuable materials from the Earth. The methods used, including surface and underground mining, depend on the type and location of the resources. Mining plays a vital role in economic growth by providing the raw materials needed for manufacturing and infrastructure development.
The main types of mining encompass mining support activities, general minerals, stones, copper, nickel, lead, zInc., metal ore, coal, lignite, and anthracite. General minerals include the mining of construction sand and gravel, industrial sand, kaolin and ball clay, clay and ceramic and refractory minerals, potash, soda, and borate minerals, phosphate rock, or other chemical and fertilizer minerals. Various processes are employed in mining, including underground mining and surface mining. Different service providers in the mining industry include independent contractors and companies.
Tariffs are impacting the mining market by increasing costs of imported heavy machinery, drilling equipment, processing plants, and spare parts used across surface and underground mining operations. Mining companies in North America and Europe are most affected due to reliance on imported capital equipment, while Asia-Pacific faces cost pressure on mineral extraction and processing activities. These tariffs are raising operational costs and extending project development timelines. However, they are also encouraging domestic equipment manufacturing, local supplier development, and increased investment in regionally sourced mining solutions.
The mining market research report is one of a series of new reports from The Business Research Company that provides mining market statistics, including mining industry global market size, regional shares, competitors with a mining market share, detailed mining market segments, market trends and opportunities, and any further data you may need to thrive in the mining industry. This mining market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mining market size has grown steadily in recent years. It will grow from $2060.57 billion in 2025 to $2163.46 billion in 2026 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to expansion of industrial mineral demand, growth in infrastructure development activities, increasing energy consumption, availability of mineral-rich reserves, rising investments in large mining projects.
The mining market size is expected to see strong growth in the next few years. It will grow to $2760.12 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing demand for critical minerals, rising adoption of low-emission mining practices, expansion of mining activities in emerging economies, growing focus on worker safety technologies, increasing investment in mining productivity enhancement. Major trends in the forecast period include increasing adoption of mechanized mining operations, rising focus on sustainable resource extraction, growing deployment of advanced safety systems, expansion of large-scale surface mining projects, enhanced use of high-capacity mining equipment.
Governments are actively providing subsidies and promoting foreign direct investments (FDI) in the mining sector. This support comes through various channels, including public finance institutions such as bilateral development banks and export credit agencies that invest in mining projects, fiscal assistance through budget allocations and tax exemptions, and investments from majority state-owned mining and utility companies. For example, in May 2024, the Australian Bureau of Statistics, a national statistical agency in Australia, reported that the mining industry expanded to 220 in 2023, up from 202 in 2022. Such government initiatives are expected to continue facilitating the growth of the mining market.
Major players in the mining market are actively pursuing strategic partnerships to drive revenues and promote innovation. Collaborations between mining companies, equipment manufacturers, and technology firms aim to enhance efficiency and sustainability. In May 2023, Gradiant Corporation partnered with Schlumberger NV and Rio Tinto Group to advance productivity and sustainability in the mining industry. This interdisciplinary partnership focuses on leveraging data-driven solutions and innovation to propel mining sustainability forward, demonstrating the industry's commitment to responsible practices.
In April 2025, Discovery Silver Corp., a Canada-based gold and precious metals mining and development company, acquired the Porcupine Complex from Newmont Corporation for USD 425 million. Through this acquisition, Discovery Silver strategically expanded its North American mining footprint and diversified its asset portfolio by integrating one of Ontario's most prolific gold mining camps, enhancing production capacity and long-term resource potential. Newmont Corporation is a United States-based global gold mining leader operating diverse mineral extraction and processing assets worldwide.
Major companies operating in the mining market are BHP Group Limited, Rio Tinto Group, Glencore plc, Vale S.A., China Shenhua Energy Company Limited, Anglo American Plc, China Coal Energy Company Limited, Jiangxi Copper Corporation Limited, Yankuang Energy Group Company Limited, Zijin Mining Group Company Limited, National Mineral Development Corporation, Vedanta, Hindustan Zinc, Hindalco Industries, Bharat Aluminium Company, Rajasthan State Mines And Minerals, Gujarat Mineral Development Corporation, Fortescue Metals, Newcrest Mining, South32, Evolution Mining, China Northern Rare Earth Group High-Tech Co Ltd, Shaanxi Coal And Chemical Industry Group Co Ltd, China Molybdenum Co Ltd, Shandong Gold Mining Co Ltd, Nyrstar Stolberg Gmbh, Voerde Aluminium Gmbh, Thyssen Schachtbau Holding Gmbh, Imerys Metalcasting Germany Gmbh, ENGINEERING DOBERSEK Gmbh, Barbara Rohstoffbetriebe Gmbh, Fastner & Co, Eramet, Manoir Industries, Eurasia Mining, Petropavlovsk, Kaz Minerals, Hochschild Mining, Weglokok, Silesian-American Corporation, Kompania Weglowa, KGHM Polska Miedz, Jastrzebska Spolka Weglowa, Alrosa, Nordgold, Polymetal International, Zarechnaya, ARMZ Uranium Holding, Stoilensky GOK, Vorkutaugol, Yakutugol, Ural Mining And Metallurgical Company, Freeport Mcmoran, Newmont Mining, Peabody Energy, Teck Resources, Barrick Gold (ABX), First Quantum Minerals (FM), Agnico Eagle Mines (AEM), Kinross Gold Corp, Lundin Mining (LUN), Yamana Gold, B2Gold, Hudbay Minerals, CSN Mineracao, Veladero Mine, Gualcamayo Mine, Drummond Ltd, Carbomax De Colombia SAS, Shefa Gems, OREN MODEL GAN LTD, ARAVA Mines Ltd, Quarry Mining LLC, Centamin, AIMR Mining, African Rainbow Minerals, Metal Manufacturing Nigeria Limited, Sibanye-Stillwater
Asia-Pacific was the largest region in the mining market in 2025. North America was the second largest region in the mining market. The regions covered in the mining market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mining market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The mining market consists of sales of minerals, metals and other valuable materials such as sand and gravel, coal and stone extracted from the earth crust. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mining Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses mining market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mining ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The mining market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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