UK Mining Equipment Market Size & Outlook, 2022-2030
UK mining equipment market, 2018-2030 (US$M)
Related Markets
UK mining equipment market highlights
- The UK mining equipment market generated a revenue of USD 4,573.6 million in 2022 and is expected to reach USD 6,187.6 million by 2030.
- The UK market is expected to grow at a CAGR of 3.9% 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 4,573.6 million |
| Market revenue in 2030 | USD 6,187.6 million |
| Growth rate | 3.9% (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, UK accounted for 3.4% 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 Europe, Germany mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 2,751.2 million by 2030.
Surface mining equipment was the largest segment with a revenue share of 48.08% in 2022. Horizon Databook has segmented the UK 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.
The effective vaccine distribution in the UK is anticipated to support the nation’s economic recovery goals. The IMF increased its GDP growth prediction for the UK from 4.5% to 5.3% in April 2021. The UK is still negotiating EU-UK trade relations, which may hinder its economic growth.
A favorable legal and regulatory environment coupled with a coherent industrial strategy is expected to have a positive impact on the mining equipment market growth in the UK. The UK is a significant producer of a variety of minerals, including sodium, iron, copper, zinc, and cobalt used in various industries in the country.
Moreover, the UK has various natural reserves of fossil fuels such as coal; metals such as tin and copper; industrial minerals such as China clay; and precious metals such as gold and silver. They are mined all across the British Isles, particularly in England.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Mining Equipment Market Scope
Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK mining equipment market size, by equipment type, 2018-2030 (US$M)
UK Mining Equipment Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
