Global Mining Equipment Market Size, Trends & Growth Opportunity By Type (Crushing, Pulverizing, & Screening Equipment, Mining Drills), By Application (Coal Mining, Mineral Mining, and Metal Mining), By Region and Forecast till 2027
Market Overview
Global Mining Equipment Market was valued at USD 78.78 billion in 2021 which is expected to reach USD 115.22 billion by 2027 at a CAGR 6.49% from 2022-2027.
Mining equipment is used to extract minerals from the earth's surface or beneath, including copper, cobalt, nickel, silver, gold, platinum, lead, and others. In the mining industry, these tools are used for drilling, digging, and loading.
Market Drivers
the primary factor expected to fuel the growth of the global mining equipment market is an increase in investments along with government support for the development of digital mines. Additionally, market growth will benefit from the adoption of various technology clusters like robotics & automation, smart sensors, and 3D mining. For instance, in order to reduce downtime in mining during material processing, ABB Limited launched its new smart sensor with the ability to assess the condition of mounted bearings in January 2019. In addition, increased demand for cutting-edge mining equipment will fuel the expansion of the global mining equipment market over the forecast period.
Market Restraints
The global mining equipment market is expected to experience growth challenges due to the absence of standardization and high production costs. Additionally, environmental and human rights issues will have an impact on market expansion.
Market Segmentation
Global Mining Equipment Market is segmented into type such as Crushing, Pulverizing, & Screening Equipment, Mining Drills and Breakers, Underground Mining Equipment, Surface Mining Equipment, Mineral Processing Equipment, Others. Further, market is segmented into application such as Coal Mining, Mineral Mining, and Metal Mining.
Also, Global Mining Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the industry. In the upcoming years, market growth is anticipated to be driven by the growing shift toward clean energy sources and the adoption of electric vehicles in developing nations like China and India. The main factors propelling market growth in North America are rising mineral mining activity, increased use of cutting-edge mining equipment, and government initiatives. In addition, it is anticipated that during the forecast period, the demand for these products will be driven by the switch from conventional underground mining to cutting-edge, economical open-pit mining.
Market Key Players
Various key players are discussed in this report such as ABB Limited, Metso Corporation, Liebherr-International AG, Komatsu Ltd., Hitachi, Ltd., Epiroc AB, Doosan Corporation, Deere & Company, and Caterpillar Inc.    
Market Taxonomy
By Type 
• Crushing, Pulverizing, & Screening Equipment
• Mining Drills and Breakers
• Underground Mining Equipment
• Surface Mining Equipment
• Mineral Processing Equipment
• Others
By Application
• Coal Mining
• Mineral Mining
• Metal Mining
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Global Mining Equipment Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Mining Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Mining Equipment Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Mining Equipment Market Share Analysis, By Type 
5.3 Global Mining Equipment Market Size and Forecast, By Type
5.3.1 Crushing, Pulverizing, & Screening Equipment
5.3.2 Mining Drills & Breakers
5.3.3 Underground Mining Equipment
5.3.4Surface Mining Equipment
5.3.5Mineral Processing Equipment
5.3.6Others
6 Global Mining Equipment Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Mining Equipment Market Share Analysis, By Application
6.3 Global Mining Equipment Market Size and Forecast, By Application
6.3.1 Coal Mining
6.3.2 Mineral Mining
6.3.3Metal Mining
7Global Mining Equipment Market, By Region
7.1 Global Mining Equipment Market Share Analysis, By Region
7.2 Global Mining Equipment Market Share Analysis, By Region
7.3 Global Mining Equipment Market Size and Forecast, By Region
8North America Mining Equipment Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Mining Equipment Market Share Analysis, By Type
8.3 North America Mining Equipment Market Size and Forecast, By Application
8.4 North America Mining Equipment Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Mining Equipment Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Mining Equipment Market Share Analysis, By Type 
9.3 Europe Mining Equipment Market Size and Forecast, By Application 
9.4 Europe Mining Equipment Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Mining Equipment Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Mining Equipment Market Share Analysis, By Type 
10.3 Asia Pacific Mining Equipment Market Size and Forecast, By Application 
10.4 Asia Pacific Mining Equipment Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Mining Equipment Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Mining Equipment Market Share Analysis, By Type 
11.3 Latin America Mining Equipment Market Size and Forecast, By Application 
11.4 Latin America Mining Equipment Market Size and Forecast, By Country
12Middle East Mining Equipment Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Mining Equipment Market Share Analysis, By Type 
12.3 Middle East Mining Equipment Market Size and Forecast, By Application 
12.4 Middle East Mining Equipment Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
15.1 ABB Limited,
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Metso Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Liebherr-International AG
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Komatsu Ltd
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Hitachi, Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Epiroc AB
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Doosan Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Deere & Company
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Caterpillar Inc   
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies