South Africa Mining Equipment Market Size & Outlook
South Africa mining equipment market, 2018-2030 (US$M)
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South Africa mining equipment market highlights
- The South Africa mining equipment market generated a revenue of USD 4,356.2 million in 2022 and is expected to reach USD 6,913.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.9% 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 4,356.2 million |
| Market revenue in 2030 | USD 6,913.2 million |
| Growth rate | 5.9% (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, South Africa accounted for 3.2% 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 Middle East & Africa, Saudi Arabia mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6,913.2 million by 2030.
Surface mining equipment was the largest segment with a revenue share of 42.15% in 2022. Horizon Databook has segmented the South 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 2018 to 2030.
South Africa's mining equipment market is driven by the presence of many government laws. The Mineral and Petroleum Resources Development Act governs mining laws in South Africa. Miningrelated environmental operations are governed by the National Environment Management Act (NEMA) of 1998.
The mining industry is regulated by the Department of Mineral Resources and Energy (DMRE and the Mine Health and Safety Inspectorate. There are no restrictions on the types of companies that can own rights under the MPRDA.
Furthermore, the presence of major mining projects in South Africa such as the Gol Gohar Iron Ore Mine, Sentinel Copper Mine, Groote geluk Mine, Grande Cote Project, Khor Khuwair Limestone Quarry, Sishen Mine, Kansanshi Mine, Lumwana Copper Mine, Moma Titanium Minerals Mine, and Ergo Mine are driving the mining equipment market.
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Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa mining equipment market size, by equipment type, 2018-2030 (US$M)
South Africa Mining Equipment Market Outlook Share, 2022 & 2030 (US$M)
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