India Mining Equipment Market Size & Outlook, 2025-2033
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India mining equipment market highlights
- The India mining equipment market generated a revenue of USD 5,813.3 million in 2024 and is expected to reach USD 10,426.0 million by 2033.
- The India market is expected to grow at a CAGR of 6.8% 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 5,813.3 million |
| Market revenue in 2033 | USD 10,426.0 million |
| Growth rate | 6.8% (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, India accounted for 3.9% 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 Asia Pacific, China mining equipment market is projected to lead the regional market in terms of revenue in 2033.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 18,076.4 million by 2033.
Surface mining equipment was the largest segment with a revenue share of 47.83% in 2024. Horizon Databook has segmented the India 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 the IMF, India’s GDP growth declined by 7.3% in 2020 due to the outbreak of COVID19. The entire country was in lockdown in Q2 2020, which impacted the country’s GDP growth. It is expected that India’s GDP growth will recover in 2021 and stand at 12.5% in the same year.
The Indian mining sector has stringent regulations, however; the industry has undergone significant changes in the past years. The government has amended the Coal Mines (Special Provisions) Act 2015 (CMSPA) to Mineral Laws (Amendment) Act 2020.
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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 |
India mining equipment market size, by equipment type, 2021-2033 (US$M)
India Mining Equipment Market Outlook Share, 2024 & 2033 (US$M)
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