Mining Equipment Global Market Report 2026

Mining equipment comprises robust, heavy machinery powered by electricity or diesel engines, utilized for excavating materials. Typically, these machines are transported to the surface for additional processing using skips or lifts. They find application in both underground and opencast mines.

The primary offerings within the mining equipment sector encompass an array of essential tools and machinery. These include mining drills and breakers crucial for drilling into the earth's surface and dismantling rocks for mining purposes. Additionally, the product line extends to encompass crushing, pulverizing, and screening equipment, mineral processing tools, as well as surface and underground mining machinery. Notably, diverse powertrain options such as IC engine vehicles and electric vehicles cater to distinct applications across metal mining, mineral extraction, and coal mining operations.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the mining equipment market by increasing the cost of imported heavy machinery, powertrain components, and advanced control systems used in surface and underground equipment. These effects are most pronounced in crushing, mineral processing, and electric mining equipment segments, particularly across asia-pacific and south america where equipment imports are significant. Higher tariffs have led to increased capital expenditure and delayed fleet upgrades for mining operators. However, tariffs have also encouraged local manufacturing, regional assembly facilities, and supplier localization, supporting domestic equipment production and long-term supply chain resilience.

The mining equipment market research report is one of a series of new reports from The Business Research Company that provides mining equipment market statistics, including mining equipment industry global market size, regional shares, competitors with a mining equipment market share, detailed mining equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mining equipment industry. This 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 mining equipment market size has grown strongly in recent years. It will grow from $157.76 billion in 2025 to $169.77 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in coal mining activities, expansion of surface mining operations, demand for higher excavation productivity, increased investments in mineral exploration, mechanization of underground mining.

The mining equipment market size is expected to see strong growth in the next few years. It will grow to $226.98 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising demand for critical minerals, electrification of mining fleets, automation to reduce labor risks, stricter mine safety regulations, growth in metal mining projects. Major trends in the forecast period include growing adoption of autonomous mining equipment, rising demand for electrified mining machinery, increased focus on safety-enhanced heavy equipment, expansion of high-capacity surface mining equipment, rising use of advanced crushing and processing systems.

The expected increase in infrastructure investment is set to drive the growth of the mining equipment market in the near future. Infrastructure refers to the essential systems and structures that enable the smooth operation of societies, economies, or organizations. Mining equipment heavily depends on solid infrastructure for optimal performance in areas such as transportation, processing, safety measures, environmental management, and community development within mining activities. For example, in July 2024, the Office for National Statistics, a UK-based government department, reported that infrastructure investment reached £13.8 billion ($17.25 billion) in constant prices in 2023, marking a 3.9% increase from 2022. This significant rise in infrastructure investment serves as a crucial driver propelling the growth of the mining equipment market.

Prominent players within the mining equipment sector are strategically unveiling cutting-edge solutions, particularly mining machinery offerings, to secure a competitive advantage. Mining machinery products encompass a spectrum of equipment and machinery pivotal in mineral and metal extraction processes from the earth's reserves. Notably, in April 2023, XCMG (Xuzhou Construction Machinery Group Co., Ltd.), a leading Chinese construction machinery enterprise, introduced three groundbreaking innovations such as the XE690DK mining excavator, the XDR80TE-AT autonomous electric dump truck, and the XDE240 mining dump truck. The XE690DK mining excavator integrates an efficient power system, tailored to deliver eco-friendly and energy-conserving solutions for rigorous construction demands. Meanwhile, the XDR80TE-AT autonomous electric dump truck is equipped with a suite of sensors-visual, acoustic, laser radar, millimeter-wave radar, and cameras-ensuring enhanced operational capabilities. Complementing these advancements, the XDE240 mining dump truck features state-of-the-art environmental sensors, coupled with navigation and positioning functionalities.

In July 2024, Komatsu Ltd., a Japan-based manufacturer of construction, mining, and military equipment, acquired GHH Group GmbH for an undisclosed sum. This acquisition is expected to leverage combined resources with GHH to strengthen and expand Komatsu's portfolio in underground mining equipment, including loaders (LHDs) and articulated dump trucks, while accelerating new product development. GHH Group GmbH, based in Germany, specializes in the manufacture of underground mining, tunneling, and civil engineering equipment.

Major companies operating in the mining equipment market are Caterpillar Inc., Deere & Company, Hitachi Construction Machinery Co. Ltd., Komatsu America Corp, Liebherr-International AG, Metso Oyj, Sandvik AB, Epiroc Mining Equipment, Boart Longyear Ltd., Vipeak Mining Machinery Co. Ltd., Guangdong Leimeng Intelligent Equipment Group Co. Ltd., Henan Baichy Machinery Equipment Co. Ltd., Doosan Infracore Co. Ltd., Atlas Copco Ltd., Zhengzhou Coal Mining Machinery Group Co. Ltd., Thyssenkrupp AG, Bell Equipment Company South Africa, FLSmidth And Co. A/S, H-E Parts International LLC, Paus GmbH, IZ-Karteks imeni P.G. Korobkova OOO, Tenova Mining And Minerals, Mine Master Ltd., CMM Equipments, Osborn Engineered Products SA Pty. Ltd., Normet Group, MacLean Engineering And Marketing Co. Limited

Asia-Pacific was the largest region in the mining equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global mining equipment market report during the forecast period. The regions covered in the 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 mining equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mining equipment market consists of sales of draglines, motor graders, rock drills and diggers. 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 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 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.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for 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 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.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product: Mining Drills And Breakers; Crushing, Pulverizing And Screening Equipment; Surface Mining Equipment; Underground Mining Equipment
• 2) By Powertrain Type: IC Engine Vehicle; Electric Vehicle
• 3) By Application: Metal Mining; Mineral Mining; Coal Mining
• Subsegments:
• 1) By Mining Drills and Breakers: Rotary Drills; DTH (Down-The-Hole) Drills; Hydraulic Breakers; Rock Drills
• 2) By Crushing, Pulverizing, and Screening Equipment: Jaw Crushers; Cone Crushers; Impact Crushers; Screening Machines (Vibrating Screens, Trommels)
• 3) By Surface Mining Equipment: Excavators; Loaders; Haul Trucks; Draglines
• 4) By Underground Mining Equipment: Continuous Miners; Shuttle Cars; Longwall Miners; Room and Pillar Equipment
• Companies Mentioned: Caterpillar Inc.; Deere & Company; Hitachi Construction Machinery Co. Ltd.; Komatsu America Corp; Liebherr-International AG; Metso Oyj; Sandvik AB; Epiroc Mining Equipment; Boart Longyear Ltd.; Vipeak Mining Machinery Co. Ltd.; Guangdong Leimeng Intelligent Equipment Group Co. Ltd.; Henan Baichy Machinery Equipment Co. Ltd.; Doosan Infracore Co. Ltd.; Atlas Copco Ltd.; Zhengzhou Coal Mining Machinery Group Co. Ltd.; Thyssenkrupp AG; Bell Equipment Company South Africa; FLSmidth And Co. A/S; H-E Parts International LLC; Paus GmbH; IZ-Karteks imeni P.G. Korobkova OOO; Tenova Mining And Minerals; Mine Master Ltd.; CMM Equipments; Osborn Engineered Products SA Pty. Ltd.; Normet Group; MacLean Engineering And Marketing Co. Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.