Germany Mining Equipment Market Size & Outlook, 2025-2033
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Germany mining equipment market highlights
- The Germany mining equipment market generated a revenue of USD 5,967.1 million in 2024 and is expected to reach USD 9,006.3 million by 2033.
- The Germany market is expected to grow at a CAGR of 4.7% from 2025 to 2033.
- In terms of segment, surface mining equipment was the largest revenue generating equipment type in 2024.
- Underground Mining Equipment is the most lucrative equipment type segment registering the fastest growth during the forecast period.
Mining equipment market data book summary
| Market revenue in 2024 | USD 5,967.1 million |
| Market revenue in 2033 | USD 9,006.3 million |
| Growth rate | 4.7% (CAGR from 2025 to 2033) |
| Largest segment | Surface mining equipment |
| Fastest growing segment | Underground Mining Equipment |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Underground Mining Equipment, Surface Mining Equipment, Crushing, Pulverizing & Screening Equipment, Drills & Breakers |
| Key market players worldwide | Epiroc AB DR, Caterpillar Inc, China Coal Energy Co Ltd Class H, Komatsu Ltd, Liebherr Group, Metso Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 4.0% of the global mining equipment market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Europe, Germany mining equipment market is projected to lead the regional market in terms of revenue in 2033.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 3,201.3 million by 2033.
Surface mining equipment was the largest segment with a revenue share of 43.97% in 2024. Horizon Databook has segmented the Germany 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 2021 to 2033.
According to IMF projections, the German economy decreased by 2.9% in 2021 as a result of the spread of COVID-19. The OECD projected that the economy will increase by 1.9% in 2022 and 1.7% in 2023, with the recovery being hindered by the Ukraine conflict and the Russian oil embargo.
In 2021, the German economy struggled to achieve a growth rate of 2% due to global supply bottlenecks in intermediate items, which prevented the local sector from accelerating despite healthy domestic and foreign demand.
Rising interest rates in the U.S. and Europe along with ongoing supply chain issues in Germany have led to a shortage of raw materials like metals and stainless steel. This is expected to have a significant effect on the growth of mining equipment market in Germany over the forecast period.
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Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| China Coal Energy Co Ltd Class H | View profile | 47122 | No. 1 Huangsidajie, Chaoyang District, Beijing, China, People's Republic of, 100120 | https://www.chinacoalenergy.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Metso Corp | View profile | 17121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | https://www.metso.com |
| Epiroc AB DR | View profile | 18157 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-131 54 | https://www.epirocgroup.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
Germany mining equipment market size, by equipment type, 2021-2033 (US$M)
Germany Mining Equipment Market Outlook Share, 2024 & 2033 (US$M)
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