Sweden Mining Equipment Market Size & Outlook, 2025-2033
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Sweden mining equipment market highlights
- The Sweden mining equipment market generated a revenue of USD 3,268.6 million in 2024 and is expected to reach USD 4,893.7 million by 2033.
- The Sweden market is expected to grow at a CAGR of 4.7% 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 3,268.6 million |
| Market revenue in 2033 | USD 4,893.7 million |
| Growth rate | 4.7% (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, Sweden accounted for 2.2% 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 Europe, Germany mining equipment market is projected to lead the regional market in terms of revenue in 2033.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 3,201.3 million by 2033.
Surface mining equipment was the largest segment with a revenue share of 35.82% in 2024. Horizon Databook has segmented the Sweden 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 OECD, growth slowed by 2.2% in 2021 and is expected to slow by 1% in 2023. Increased global uncertainty will reduce business investment and exports. A strong labor market, high savings, and fiscal stimulus are supporting household consumption, but it will slow as inflation and interest rates rise in Sweden.
Sweden is the largest mining country accounting for 91% of its iron ore, 9% of its copper, and 24- 39% of its gold, zinc, silver, and lead, for the sixth year in a row, The country has 16 operational mines as of 2022. Of these, 13 are metal mines.
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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 |
Sweden mining equipment market size, by equipment type, 2021-2033 (US$M)
Sweden Mining Equipment Market Outlook Share, 2024 & 2033 (US$M)
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