Global Mining Equipment Market Growth 2025-2031

The global Mining Equipment market size is predicted to grow from US$ 1392 million in 2025 to US$ 1555 million in 2031; it is expected to grow at a CAGR of 1.9% from 2025 to 2031.

The Mining Equipment includes the consumption of underground mining equipment and Surface mining equipment, such as crushing, pulverizing and screening machinery, portable drilling rigs and parts, portable crushing, screening, washing and combination plants, drills and other machinery (except parts).

In this report, we mainly do research and analysis for drill jumbo, drilling rig and drilling machine.

The major players in global Mining Equipment market include Caterpillar, Komatsu, etc. The top 2 players occupy over 30% shares of the global market. North America and Asia-Pacific are main markets, they occupy about 50% of the global market. Surface Mining Equipment and Underground Mining Equipment are main types, with a share about 70%. Metal Mining is the main application, which holds a share about 50%.

LP Information, Inc. (LPI) ' newest research report, the “Mining Equipment Industry Forecast” looks at past sales and reviews total world Mining Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Mining Equipment sales for 2025 through 2031. With Mining Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mining Equipment industry.

This Insight Report provides a comprehensive analysis of the global Mining Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mining Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Mining Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mining Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mining Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Mining Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Surface Mining Equipment
Underground Mining Equipment
Mining Drills & Breakers
Crushing, Pulverizing, & Screening Equipment

Segmentation by Application:
Metal Mining
Mineral Mining
Coal Mining

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Caterpillar
Komatsu
AB Volvo
Hitachi Construction
Joy Global(P&H)
Sandvik
Atlas Copco
Metso
Thyssenkrupp
Liebherr
Terex Mining
Kawasaki
Zhengzhou Coal Mining Machinery
Weir Group
FLSmidth
Tenova TAKRAF
Doosan
SANYI
NHI
Furukawa

Key Questions Addressed in this Report

What is the 10-year outlook for the global Mining Equipment market?

What factors are driving Mining Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Mining Equipment market opportunities vary by end market size?

How does Mining Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.