South Africa Mining Equipment Market Size & Outlook
Related Markets
South Africa mining equipment market highlights
- The South Africa mining equipment market generated a revenue of USD 4,852.7 million in 2024 and is expected to reach USD 8,400.0 million by 2033.
- The South Africa market is expected to grow at a CAGR of 6.4% 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 4,852.7 million |
| Market revenue in 2033 | USD 8,400.0 million |
| Growth rate | 6.4% (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, South Africa accounted for 3.3% 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 Middle East & Africa, Saudi Arabia mining equipment market is projected to lead the regional market in terms of revenue in 2033.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8,400.0 million by 2033.
Surface mining equipment was the largest segment with a revenue share of 44.82% in 2024. 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 2021 to 2033.
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 |
|---|---|---|---|---|
| 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 |
South Africa mining equipment market size, by equipment type, 2021-2033 (US$M)
South Africa Mining Equipment Market Outlook Share, 2024 & 2033 (US$M)
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