Global Mining Equipment

Global Mining Equipment

Through 2024, global demand for mining equipment is projected to climb 1.0% annually, a modest improvement over the stagnation of the 2014-2019 period. Although the COVID-19 pandemic will restrain the mining machinery markets growth prospects in the near term, conditions are expected to improve during the post-pandemic period as mining output recovers and mined commodity prices rebound. These and other related trends will lead to an improvement in the financial positions of mine operators, allowing them to increase investment in newly developed technologies and replaced older machines. Rising mining sector mechanization rates in developing nations will support this trend.

Among the types of mining machinery covered in this study are:
Surface Mining Machinery
Underground Mining Machinery
Drills & Breakers
Crushing, Pulverizing, & Screening Equipment
Mineral Processing & Other Machinery
Parts & Attachments

The study covers the following markets for mining machinery:
Metals Mining
      Iron Ore
      Copper
      Bauxite
      Other Metals
Minerals Mining
      Aggregates
      Phosphate Rock & Potash
      Other Minerals
Coal Mining
      Bituminous & Sub-Bituminous
      Anthracite & Other Coal

Mining equipment data is provided for 18 nations in the following regions:
     North America
     Central & South America
     Western Europe
     Eastern Europe
     Asia/Pacific
     Africa/Mideast

Scope of the Report
This report covers the scope, size, and growth of the global mining equipment market, including demand by product type and market. Historical figures are provided for 2009, 2014, and 2019 with forecasts for 2024 and 2029. Demand and production are presented in millions of dollars. Historical mining machinery demand is also provided for all countries.