PUBLISHER: The Business Research Company | PRODUCT CODE: 1929386
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929386
Mobile mining equipment consists of heavy machinery designed to move around mining sites to carry out extraction, material handling, and transportation tasks. These machines are engineered for both durability and mobility, allowing for efficient operation in various surface and underground mining settings.
The main types of mobile mining equipment include haul trucks, excavators, loaders and dozers, drills and breakers, among others. Haul trucks are large, heavy-duty vehicles made specifically to transport substantial volumes of materials such as ore, coal, or overburden at mining and construction locations. These machines are powered by diesel, electric, or hybrid systems and are utilized in applications such as coal mining, metal mining, and mineral mining. The equipment caters to different end users, including mining companies, contract miners, government and regulatory agencies, and equipment rental firms.
Tariffs are impacting the mobile mining equipment market by increasing costs of imported engines, drivetrains, hydraulic systems, steel structures, and electronic control units used in haul trucks, excavators, loaders, and drills. Mining operations in North America and Europe are most affected due to reliance on imported heavy equipment and components, while Asia-Pacific faces cost pressure on export-oriented manufacturing. These tariffs are raising capital expenditure and extending equipment replacement cycles. However, they are also encouraging localized assembly, regional supplier development, and increased investment in domestic mining equipment manufacturing capabilities.
The mobile mining equipment market research report is one of a series of new reports from The Business Research Company that provides mobile mining equipment market statistics, including mobile mining equipment industry global market size, regional shares, competitors with a mobile mining equipment market share, detailed mobile mining equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mobile mining equipment industry. This mobile mining equipment 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 mobile mining equipment market size has grown strongly in recent years. It will grow from $70.07 billion in 2025 to $75.03 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to expansion of surface and underground mining activities, rising demand for bulk material extraction, increased mechanization of mining operations, availability of high-capacity diesel-powered equipment, growth of contract mining services.
The mobile mining equipment market size is expected to see strong growth in the next few years. It will grow to $97.52 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing investments in autonomous mining fleets, rising focus on emission reduction in mining, expansion of smart mining initiatives, growing demand for energy-efficient equipment, increasing adoption of predictive maintenance solutions. Major trends in the forecast period include increasing adoption of autonomous mining vehicles, rising deployment of electric and hybrid mining equipment, growing integration of telematics and fleet monitoring systems, expansion of high-capacity mobile mining machinery, enhanced focus on equipment durability and uptime.
The rising demand for minerals and metals is expected to drive the growth of the mobile mining equipment market in the coming years. Minerals and metals are naturally occurring resources extracted from the earth for a wide range of industrial, technological, and economic applications. The increasing need for these materials is driven by rapid industrialization and urbanization, as expanding industries and cities require large quantities of raw materials for construction, infrastructure development, and manufacturing. Mobile mining equipment supports the minerals and metals sector by improving extraction and transportation processes, enhancing operational efficiency, minimizing downtime, and enabling access to remote or difficult terrains. For example, in January 2025, the United States Geological Survey, a US-based scientific government agency, reported that the value of US metal mine production reached $33.5 billion in 2024, up slightly from $33 billion in 2023. Consequently, the growing demand for minerals and metals is fueling the expansion of the mobile mining equipment market.
Leading companies in the mobile mining equipment market are concentrating on creating innovative solutions such as electric-powered hydraulic excavators to reduce emissions and improve energy efficiency in mining operations. These excavators are heavy-duty machines powered by electric motors instead of diesel engines, used for digging and material handling in mining and construction. For instance, in July 2023, Xuzhou Construction Machinery Group Co. Ltd., a China-based manufacturer, introduced the XES35, a high-performance 1,100-ton electric shovel excavator designed for open-pit mining. Featuring a 35 m3 bucket, it can load up to 65 tons of ore in one cycle and is optimized to operate alongside 220- to 330-ton dump trucks. The XES35 integrates advanced AC frequency conversion drive control and multi-sensor fusion technology, enabling intelligent, efficient, and environmentally friendly operations while emphasizing reliability, operator comfort, and lower operational costs.
In July 2024, Komatsu Limited, a Japan-based manufacturer, acquired GHH Group GmbH for an undisclosed sum. This acquisition aims to strengthen Komatsu Limited's position in the underground mining equipment market by broadening its product range and enhancing global service capabilities. GHH Group GmbH is a Germany-based manufacturer of mobile mining equipment.
Major companies operating in the mobile mining equipment market are Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co Ltd, Liebherr Group, Sandvik AB, Epiroc AB, Volvo Construction Equipment, SANY Heavy Industry Co Ltd, Terex Corporation, Xuzhou Construction Machinery Group (XCMG), Bell Equipment Limited, Doosan Infracore Co Ltd, Atlas Copco AB, BEML Limited, BelAZ, Hyundai Construction Equipment, Liugong Machinery Co Ltd, Schramm Inc., GHH Group, Normet Oy, Schopf Maschinenbau GmbH, Joy Global
Asia-Pacific was the largest region in the mobile mining equipment market in 2025. The regions covered in the mobile mining equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mobile mining equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The mobile mining equipment market consists of sales of top hammer drills, rotary blasthole drills, down-the-hole drills, track loaders, and bulldozers. 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.
Mobile Mining Equipment 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 mobile mining equipment 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 mobile mining equipment ? 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 mobile mining equipment 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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