PUBLISHER: The Business Research Company | PRODUCT CODE: 1932803
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932803
Mining machinery and equipment are characterized as heavy-duty machinery or equipment powered by electricity or diesel, engaged in the excavation, transportation, and processing of commodities such as coal, minerals, and metals.
The primary categories of mining machinery include underground mining machinery, surface mining machinery, drills and breakers, crushing equipment, pulverizing equipment, screening equipment, mineral processing machinery, feed conveyors, stackers, and reclaimers. Pulverizing is the process of reducing minerals into small particles, while crushing involves reducing the size of materials into smaller substances for further processing. Screening is a mechanical process that separates one material from another. These mining machines play a crucial role in the transportation, processing, and excavation processes in coal, minerals, and metals mining.
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 machinery and equipment market by increasing the cost of imported steel components, heavy duty parts, engines, and electronic control systems. Underground and surface mining machinery segments are most affected, particularly in Asia Pacific and North America due to reliance on cross border equipment sourcing. Mining operators face higher capital expenditure and extended equipment delivery timelines. At the same time, tariffs are encouraging domestic manufacturing, localized assembly, and innovation in cost efficient and durable mining equipment.
The mining machinery and equipment market research report is one of a series of new reports from The Business Research Company that provides mining machinery and equipment market statistics, including mining machinery and equipment industry global market size, regional shares, competitors with a mining machinery and equipment market share, detailed mining machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mining machinery and equipment industry. This mining machinery and 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 machinery and equipment market size has grown strongly in recent years. It will grow from $73.16 billion in 2025 to $77.54 billion in 2026 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growth in global mining activities, expansion of coal and metal extraction, rising demand for heavy construction equipment, increased infrastructure development, mechanization of mining operations.
The mining machinery and equipment market size is expected to see strong growth in the next few years. It will grow to $101.66 billion in 2030 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising demand for critical minerals, increasing adoption of automation in mines, expansion of mineral processing capacities, focus on worker safety improvements, growth in electric vehicle mineral supply chains. Major trends in the forecast period include increasing adoption of autonomous and semi autonomous mining equipment, rising demand for high capacity heavy duty mining machinery, growing focus on equipment durability in harsh mining environments, expansion of advanced crushing and mineral processing solutions, increasing emphasis on operational efficiency and productivity in mining.
The growth of the mining machinery and equipment market is expected to be fueled by increasing construction activities. Construction involves assembling various elements to create structures at specific locations based on detailed designs and plans. Construction activities contribute to the efficiency and growth of the mining industry in various ways. In June 2021, according to Stats NZ Tatauranga Aotearoa, building activities in New Zealand increased by 3.7 percent in March 2021, and residential activities rose by 4.3 percent in 2021 compared to the previous year. Additionally, the US Census Bureau reported a 10.2 percent growth in the value of construction activities, from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Consequently, the increasing construction activities are propelling the growth of the mining machinery and equipment market.
Key players in the mining machinery and equipment market are increasingly concentrating on enhancing their development efforts in automated and electric-driven mining machinery. This is being achieved through strategic collaborations and partnerships with technology companies in the sector. For example, in October 2024, Liebherr, a German equipment manufacturer, announced a partnership with Fortescue, an Australia-based metal mining company, to create and implement zero-emission mining solutions. This collaboration focuses on the development and supply of a significant fleet of 475 zero-emission Liebherr mining machines, which will include around 360 autonomous battery-electric trucks. This initiative represents a vital advancement toward sustainable mining practices. Both companies are dedicated to achieving their decarbonization objectives, with Fortescue targeting Real Zero Scope 1 and 2 emissions across its Australian operations by 2030. This partnership supports those goals by transitioning from diesel-powered equipment to electric alternatives.
In July 2024, Komatsu Ltd., a Japan-based manufacturer of construction, mining, and military equipment, acquired GHH Group GmbH for an undisclosed amount. This acquisition is expected to leverage the combined resources with GHH to enhance and expand Komatsu's underground mining equipment portfolio, including loaders (LHDs) and articulated dump trucks, while accelerating the development of new products. GHH Group GmbH, based in Germany, specializes in the production of underground mining, tunneling, and civil engineering equipment.
Major companies operating in the mining machinery and equipment market are Caterpillar Inc., Sandvik AB, Komatsu Ltd., Liebherr, Hitachi Construction Machinery Co. Ltd., Metso Corporation, Epiroc AB, Sany Heavy Equipment International Holdings Company Limited, Bell Equipment Limited, Terex Corporation, Doosan Corporation, Atlas Copco AB, Hyundai Heavy Industries, Joy Global Inc., Astec Industries Incorporated, Boart Longyear Ltd., Bradken Limited, FLSmidth & Co., Furukawa Co. Ltd., Kopex SA, Deere & Company
Asia-Pacific was the largest region in the mining machinery market in 2025. The regions covered in the mining machinery and 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 machinery and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mining machinery and equipment market consists of sales of coal breakers machine, mining cars, core drills, coal cutters, rock drills, and manufacturing mineral beneficiating machinery and equipment used in surface or underground mines. 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 Machinery And 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 machinery and 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 mining machinery and 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 machinery and 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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