India Mining Equipment Market Size & Outlook, 2022-2030
India mining equipment market, 2018-2030 (US$M)
Related Markets
India mining equipment market highlights
- The India mining equipment market generated a revenue of USD 5,176.4 million in 2022 and is expected to reach USD 8,485.3 million by 2030.
- The India market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, surface mining equipment was the largest revenue generating equipment type in 2022.
- 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 2022 | USD 5,176.4 million |
| Market revenue in 2030 | USD 8,485.3 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Surface mining equipment |
| Fastest growing segment | Underground Mining Equipment |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| 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 3.8% of the global mining equipment market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 14,511.7 million by 2030.
Surface mining equipment was the largest segment with a revenue share of 44.84% in 2022. 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 2018 to 2030.
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India mining equipment market size, by equipment type, 2018-2030 (US$M)
India Mining Equipment Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
