Middle East & Africa Mining Equipment Market Size & Outlook
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MEA mining equipment market highlights
- The MEA mining equipment market generated a revenue of USD 16,458.8 million in 2024.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 16,458.8 million |
| Market revenue in 2033 | USD 27,273.5 million |
| Growth rate | 5.8% (CAGR from 2025 to 2033) |
| Largest segment | Surface mining equipment |
| Fastest growing segment | Underground Mining Equipment |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, MEA region accounted for 11.1% of the global mining equipment market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 92,166.6 million by 2033.
Surface mining equipment was the largest segment with a revenue share of 44.72% in 2024. Horizon Databook has segmented the Middle East & Africa 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, the GDP of the Middle East & Africa increased at a rate of 4% in 2021. Factors such as the rolling out of the COVID-19 vaccine, improving oil prices, and ongoing government initiatives to provide economic stimulus to various countries in the region are fueling the GDP growth of the Middle East & Africa. Oil producers in the region are potentially profiting from the increasing oil prices.
According to the World Bank MENA Economic Update, the economy of the Middle East & North Africa (MENA) is expected to grow post-pandemic by 5.2%. The Middle East & Africa is characterized by several developing as well as underdeveloped countries. Some of the major countries in the region include Saudi Arabia, the UAE, Qatar, Oman, Egypt, and South Africa.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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 |
MEA mining equipment market size, by country, 2021-2033 (US$M)
Middle East & Africa Mining Equipment Market Outlook Share, 2024 & 2033 (US$M)
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