Global Mining Machinery Market Analysis & Trends - Industry Forecast to 2030

Global Mining Machinery Market Analysis & Trends - Industry Forecast to 2030

The Global Mining Machinery Market is poised to grow at a CAGR of around 6.1% over the next decade to reach approximately $37.5 billion by 2030. Some of the prominent trends that the market is witnessing include rising adoption of mobile technology and internet of things (IoT), increasing use of drones in mine surveillance systems, and growing adoption of automation and artificial intelligence (AI) in mining.

Based on the propulsion, the market is segregated into diesel-powered mining machinery and compressed natural gas (CNG)/liquefied natural gas (LNG)/renewable natural gas (RNG). By power output, the market is fragmented into >2,000 HP, 500-2,000 HP, and <500 HP. On the basis of class, the market is classified into 500-700 Ton, 300-500 Ton, 200-300 Ton, and 100-200 Ton.

With respect to the category, the market is segmented into surface mining machinery, crushing, pulverizing, screening machinery, underground mining machinery, and mineral processing backhoe loader. Surface mining machinery segment is subdivided into crawler excavators, motor graders, crawler dozers, articulated dump trucks, and rigid dump trucks. Underground mining machinery segment is sub-segmented into hydraulic excavators, electric shovels, wheeled loaders, large mining trucks, mining dozers, drills, load haul dump (LHD), tunnel boring machines, and track loaders.

Depending on the equipment type, the market is classified into dumping trucks and ultra large excavators. Amongst on the application, the market is divided into metal, mineral, and coal. Based on the battery type, the market is segregated into lead-acid, lithium-ion, and other battery types. Other battery types segment is subdivided into lithium manganese oxide, lithium-ion phosphate, solid-state battery, lithium titanite oxide, and nickel-metal hydride. By end user, the market is fragmented into non-metallic mining and metal mining.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2022, 2023 revenue estimations are presented for 2024 and forecasts from 2025 till 2030. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
- Market opportunities and recommendations for new investments