Market revenue in 2022 | USD 134,996.1 million |
Market revenue in 2030 | USD 201,551.9 million |
Growth rate | 5.1% (CAGR from 2022 to 2030) |
Largest segment | Surface mining equipment |
Fastest growing segment | Underground Mining Equipment |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Underground Mining Equipment, Surface Mining Equipment, Crushing, Pulverizing & Screening Equipment, Drills & Breakers |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mining equipment market will help companies and investors design strategic landscapes.
surface mining equipment was the largest segment with a revenue share of 38.91% in 2022. Horizon Databook has segmented the Global mining equipment market based on underground mining equipment, surface mining equipment, crushing, pulverizing & screening equipment, drills & breakers covering the revenue growth of each sub-segment from 2018 to 2030.
The ongoing exhaustive mining activities have resulted in decreasing ore grades worldwide. Due to this fall, more efficient comminution activities are needed to meet the global demand for minerals. Due to the declining proportion of the preferred metal and mineral in the mined ore, the output of the crushing and grinding process needs to be finer for better extraction.
According to the International Energy Agency, 8% to 10% of the total energy consumption is devoted to the extraction of the increased material demand. Factors such as improvements and innovations in extraction technologies have contributed to the changes in ore grades, extending the life of older mines over new mines.
Horizon Databook provides a detailed overview of global-level data and insights on the Global mining equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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