According to a new report by Expert Market Research titled, ‘Global Heavy Mining Equipment Market Report and Forecast 2020-2025‘, the global heavy mining equipment market reached a value of almost USD 78.25 billion in 2019. The market is further expected to grow at a CAGR of 3.5% in the forecast period of 2020-2025 to attain nearly USD 96.2 billion by 2025.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

The global heavy mining equipment market is driven by the growing output level and rising commodity prices. The heavy mining equipment is referred to as the heavy machines used for mining, construction, or earthmoving tasks. This equipment is called heavy owing to the heavy-duty work it is constructed to perform at the mining sites such as gold or iron ore mining. Equipment such as diggers, trucks, and loaders, among others, are few of the examples of underground mining equipment that ease the task of material extraction. The equipment is also helpful in the processing of the excavated products that are hauled to the ground by the use of skips or lifts.

Get a Free Sample Report with Table of Contents

The market has the Asia Pacific as the leading region on the basis of size as well as growth prospects. The regions such as North America, Australia, and Asia are the high maturity markets for the heavy mining equipment market. Europe, South America, and Africa are the high potential regions driven by the increased demand for automation and autonomous equipment, enhancing the market growth of heavy mining equipment globally. Caterpillar Inc. (NYSE: CAT) and Komatsu Ltd (TYO: 6301) are some of the major key players in the global heavy mining market.

Market Analysis by Equipment Type:

  1. Surface Mining Equipment
  2. Underground Equipment
  3. Auxiliary Equipment and Others

The heavy mining equipment market, on the basis of equipment type, is divided into surface mining equipment, underground equipment, and auxiliary equipment and others.

Market Analysis by Type:

  • Surface Mining Equipment
  1. Drills
  2. Mining Trucks
  3. Electric Mining Shovels
  4. Hydraulic Shovels
  5. Wheel Loaders
  6. Draglines
  7. Tractors/Dozers
  8. Motor Grader

The surface mining equipment market is divided on the basis of type into drills, mining trucks, electric mining shovels, hydraulic shovels, wheel loaders, draglines, tractors/dozers, and motor grader.

  • Underground Equipment Market
  1. Bolters
  2. UG Wheel Loaders/LHD
  3. Mining Trucks
  4. Development Drills
  5. Production Drills

The underground equipment market is segmented on the basis of types into bolters, UG wheel loaders/LHD, mining trucks, development drills, and production drills.

Market Analysis by Application:

  1. Metal Mining
  2. Non- Metal Mining

Underground equipment finds wide applications in metal mining and non-metal mining.

Market Analysis by Region:

  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others

Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read Full Report With Table Of Contents

Competitive Landscape & Supplier Analysis:

  • Epiroc AB (STO: EPI-A)
  • Sandvik AB (STO: SAND)
  • Caterpillar Inc. (NYSE: CAT)
  • Komatsu Ltd (TYO: 6301)
  • Hitachi, Ltd. (TYO: 6501)
  • Liebherr Group
  • Others

Epiroc AB, Sandvik AB, Caterpillar Inc., Komatsu Ltd, Hitachi, Ltd., and Liebherr Group, among others, are the key players in the global heavy mining equipment market. The Expert Market Research report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

Related Reports:

Global Petroleum Coke Market:

Global HVAC Market:

Global Volute Pumps Market:

Global Well Testing Services Market:

Global District Cooling Market:

Global Busbar Market:

Global Biomass Gasification Market:

Global Welding Consumables Market:

Global Oil and Gas Separation Market:

Global Positive Displacement Pumps Market:

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish-speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States