The global mining equipment market size reached US$ 149.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 225.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.52% during 2024-2032. More Info:- https://www.imarcgroup.com/mining-equipment-market

1. Global Mining
Equipment Market
Research and Forecast
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Mining Equipment
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global mining equipment market size reached US$
149.4 Billion in 2023.
Mining equipment refers to machinery used to extract metals, minerals, and
non-renewable resources from underneath the earth's surface. It includes
trucks, dozers, drill rigs, motor graders, loaders, excavators, shovels, wheel
tractor scrapers, and cranes as standard tools.
Apart from extraction, mining equipment is also used for various operations,
such as digging, drilling, blasting, sorting, excavating, transporting, loading,
and grinding. It helps increase efficiency, improve productivity, enhance worker
safety, and boost employee morale. In addition to this, it reduces operation
costs, minimizes material wastage, saves time, and prevents mining site
hazards, such as fires, rollovers, stalls, and electrocution.
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4. Report Description
Global Mining Equipment Market Trends:
The increasing construction and infrastructural development activities across the globe are primarily driving the market
growth. Mining equipment is widely used for extracting copper, iron, aluminum, and limestone that find applications in the
construction of houses, bridges, and buildings as cement, concretes, rods, pipes, frames, and panels. In addition to this,
the widespread product utilization for unsheathing various fossil fuels, such as coal, petroleum, natural gas, and oil
shale, due to increasing energy consumption is acting as another growth-inducing factor. Furthermore, the increasing
demand for extracting nickel, cobalt, gold, silver, lithium, and aluminum, as they are used in manufacturing electric
vehicles (EVs), batteries, smartphones, and other devices, is favoring the market growth. Apart from this, the introduction
of autonomous mining equipment that uses robotics, advanced software, and internet connectivity to enable operations
from a safe distance, thus, increasing safety, improving efficiency, and minimizing prolonged exposure to hazardous
conditions, is positively influencing the market growth. Moreover, leading players are adopting battery-driven mining
equipment with enhanced durability and eco-friendliness to reduce the turnover rate and minimize carbon dioxide (CO2)
emissions. Such a shift has also led to the usage of fewer parts, resulting in reduced breakdowns, thus providing an
impetus to the market growth. Other factors, including shifting consumer preference toward renewable energy sources,
implementation of stringent policies by several governments to reduce carbon emissions, increasing investments in
research and development (R&D) activities, and rising exploration of new resources, are anticipated to drive the market
growth.
Looking forward, the market is expected to reach US$ 225.2 Billion by 2032, exhibiting a CAGR of 4.52%
during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/mining-equipment-market

5. Report
Segmentation
Breakup by Type:
• Excavators
• Loaders
• Dozers
• Motor Graders
• Dump Trucks
• Others
Breakup by Equipment:
• Underground Mining
• Surface Mining
• Crushing, Pulverizing and Screening
• Drills and Breakers
• Others

6. Report
Segmentation
Breakup by Application:
• Metal Mining
• Mineral Mining
• Coal Mining
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

7. Competitive
Landscape with
Key Players
• AARD Mining Equipment
• Astec Industries Inc.
• Atlas Copco AB
• Boart Longyear Ltd.
• Caterpillar Inc
• Hitachi Construction Machinery Co. Ltd.
(Hitachi Ltd)
• J.C. Bamford Excavators Limited
• Komatsu Ltd.
• Liebherr-International AG
• Metso Corporation
• Sandvik AB
• XCMG Group.

8. Key Questions
Answered in
the Report
What was the size of the global mining equipment market in 2023?
What is the expected growth rate of the global mining equipment
market during 2024-2032?
What has been the impact of COVID-19 on the global mining
equipment market?
What are the key factors driving the global mining equipment
market?
What is the breakup of the global mining equipment market based
on the type?
What is the breakup of the global mining equipment market based
on the equipment?
What is the breakup of the global mining equipment market based
on application?
What are the key regions in the global mining equipment market?
Who are the key players/companies in the global mining equipment
market?

9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Mining Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Excavators
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Loaders
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Dozers
6.3.1 Mark et Trends
6.3.2 Mark et Forecast

10. Table of
Contents
6.4 Motor Graders
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
6.5 Dump T rucks
6.5.1 Mark et Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Mark et Trends
6.6.2 Mark et Forecast
7 Market Breakup by Equipment
7.1 Underground Mining
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Surface Mining
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Crushing, Pulverizing and Screening
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Drills and Break ers
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Others
7.5.1 Mark et Trends
7.5.2 Mark et Forecast
8 Market Breakup by Application
8.1 Metal Mining
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
For more information, visit :
https://www.imarcgroup.com/mining -equipment-market/toc

11. Disclaimer
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opinion have been based on information and sources believed to be accurate and reliable at
the time of publishing. International Market Analysis Research and Consulting makes no
representation of warranty of any kind as to the accuracy or completeness of any Information
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