Mexico Mining Equipment Market Size & Outlook, 2022-2030
Mexico mining equipment market, 2018-2030 (US$M)
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Mexico mining equipment market highlights
- The Mexico mining equipment market generated a revenue of USD 6,426.1 million in 2022 and is expected to reach USD 9,311.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.7% from 2023 to 2030.
- In terms of segment, underground 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 6,426.1 million |
| Market revenue in 2030 | USD 9,311.7 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Underground 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, Mexico accounted for 4.8% 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 North America, U.S. mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 9,311.7 million by 2030.
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Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico mining equipment market outlook
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.
Underground mining equipment was the largest segment with a revenue share of 42.06% in 2022. Horizon Databook has segmented the Mexico 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 International Monetary Fund’s (IMF) Economic Outlook, Mexico’s GDP growth rate dropped by 8.2% in 2020. This decline can be attributed to the nationwide lockdown implemented to limit the spread of COVID-19.
Mexico is a geographically critical location for outsourcing production activities as it is adjacent to the U.S., one of the major export destinations for component manufacturers. Furthermore, the ease of doing business, geographical proximity to the U.S., and supply source for distributors & retailers make it one of the most preferred locations for manufacturers.
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Target buyers of Mexico mining equipment market databook
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Our clientele includes a mix of mining equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico mining equipment market size, by equipment type, 2018-2030 (US$M)
Mexico Mining Equipment Market Outlook Share, 2022 & 2030 (US$M)
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