Surface Mining Equipment Market Analysis by Type (Mining Trucks, Hydraulic Excavators, Shovels, Loaders, Dozers, Graders), Commodity (Coal, Iron Ore, Gold, Copper), Region and Forecast, 2021-2025

Pages: 53 Published: December 13, 2022 Report Code: GDMINEQ005

In 2021, the total number of trucks, excavators, shovels, loaders, graders, and dozers across all operating mines excluding quarries was estimated at 164,404 and the surface mining equipment market is projected to achieve a CAGR of more than 2% during 2021-2025. The largest contributor to the sectoral growth will be trucks, and particularly the smaller-sized trucks with shorter lifespans.

The surface mining equipment market report analyzes the number of surface mining machines used in mines in 2021, based on the type and region. It also forecasts counts of each machine through to 2025. The report also gives an insight on the key OEMs in each segment and region.

Surface Mining Equipment Market Outlook

Surface Mining Equipment Market Outlook

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Surface Mining Equipment Market Segmentation by Regions

The key regions in the surface mining equipment market are Asia Pacific, the Middle East and Africa, South & Central America, North America, the Former Soviet Union, Oceania, and Europe. The largest share of surface mining equipment is in Asia Pacific, followed by the Middle East & Africa.

Surface Mining Equipment Market Analysis, by Regions

Surface Mining Equipment Market Analysis, by Regions

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Surface Mining Equipment Market Segmentation by Types

The key types in the surface mining equipment market are mining trucks, excavators & hydraulic shovels, electric shovels, loaders, dozers, and graders. Of the total, the largest share is accounted for by mining trucks.

Mining trucks: Of all mining trucks, the largest share is at coal mines, followed by iron ore, and gold, with coal particularly dominant in the Asia Pacific and North America. While the most popular truck sizes are in the 50-99 ton band, the sub-50t band is the dominant share in the Asia-Pacific region, Middle East & Africa, and South & Central America. Smaller trucks are particularly popular in India, while, by contrast, Canada, Chile, Peru, and Australia have higher proportions of larger trucks.

Surface Mining Equipment Market Share, by Types

Surface Mining Equipment Market Share, by Types

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Surface Mining Equipment Market - Competitive Landscape

The leading OEMs in the surface mining equipment market are Caterpillar, Komatsu, Volvo AB, BEML, Hitachi, Belaz, Tata Motors, Scania, Liebherr, Larsen & Toubro, and IZ-Kartex. Overall, the largest OEMs across these six machine types globally are Caterpillar and Komatsu. But Caterpillar is estimated to be the market leader in the case of mining trucks.

Surface Mining Trucks Market Analysis, by OEMs

Surface Mining Trucks Market Analysis, by OEMs

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Surface Mining Equipment Market Report Overview

Market Size (2021) 164,404
CAGR (2021-2025) >2%
Key Regions Asia Pacific, the Middle East and Africa, South & Central America, North America, the Former Soviet Union, Oceania, and Europe
Key Types Mining Trucks, Excavators & Hydraulic Shovels, Electric Shovels, Loaders, Dozers, and Graders
Leading OEMs Caterpillar, Komatsu, Volvo AB, BEML, Hitachi, Belaz, Tata Motors, Scania, Liebherr, Larsen & Toubro, and IZ-Kartex

Scope

Global, with breakdowns of equipment counts by region (Asia Pacific, Australasia, Europe, Former Soviet Union, Middle East & Africa, North America, South & Central America) and major mining countries, such as Australia, Canada, Chile, China, India, Indonesia, Peru, Russia, South Africa, and the USA. Data is also split into total populations and those that are active, and market shares are provided for the leading OEMs by type of machine and by region.

Reasons to Buy

  • Assess the current populations of each major type of equipment by country and region, and by key commodity
  • Predict counts of each machine through to 2025
  • Analyze the key OEMs in each segment and region
  • View counts of trucks by payload and plus numbers of autonomous and electric vehicles

Key Players

Caterpillar
Komatsu
Liebherr
Volvo
Hitachi
BEML

Table of Contents

1 Executive summary

2 Global surface mining machinery populations by type and region

3 Mining trucks

4 Excavators & hydraulic shovels

5 Electric shovels

6 Loaders

7 Dozers

8 Graders

9 Leading OEMs

10 Methodology

List of Tables

Table 1 Key Trends Overview

Table 2 Global Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 3 Global Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 4 North America Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 5 North America Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 6 US Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 7 US Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 8 Canada Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 9 Canada Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 10 Europe Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 11 Europe Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 12 Turkey Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 13 Turkey Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count) 85

Table 14 Russia Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 15 Russia Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 16 Kazakhstan Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 17 Kazakhstan Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 18 Rest of Europe Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 19 Rest of Europe Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 20 Asia Pacific Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 21 Asia Pacific Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 22 China Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 23 China Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 24 India Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 25 India Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 26 Indonesia Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 27 Indonesia Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 28 Australia Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 29 Australia Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 30 Rest of Asia Pacific Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 31 Rest of Asia Pacific Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 32 South & Central America Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 33 South & Central America Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 34 Brazil Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 35 Brazil Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 36 Chile Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 37 Chile Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 38 Peru Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 39 Peru Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 40 Mexico Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 41 Mexico Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 42 Rest of South & Central America Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 43 Rest of South & Central America Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 44 Middle East & Africa Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 45 Middle East & Africa Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 46 South Africa Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 47 South Africa Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 48 Democratic Republic of Congo Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 49 Democratic Republic of Congo Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 50 Rest of Middle East & Africa Surface Mining Equipment Market By Type, 2019 – 2026 (Count)

Table 51 Rest of Middle East & Africa Surface Mining Equipment Market By Commodity Group, 2019 – 2026 (Count)

Table 52 Estimated Market Share by OEM Machine Type

List of Figures

Fig.1 Surface Mining Equipment Market Snapshot

Fig.2 Surface Mining Equipment Market Segmentation

Fig.3 Surface Mining Equipment Industry value chain analysis

Fig.4 Global Surface Mining Equipment PORTER’s Five Force Analysis

Fig.5 Surface Mining Equipment Market – Key Drivers Impact Analysis

Fig.6 Surface Mining Equipment– Key Market Challenges/Impediments Impact Analysis

Fig.7 Global Surface Mining Equipment Market – Volume Opportunity Forecast, 2019-2026 (Count)

Fig.8 Global Surface Mining Equipment Market By Type, 2019-2026 (Count)

Fig.9 Global Surface Mining Equipment Market By Commodity Group, 2019-2026 (Count)

Fig.10 Surface Mining Equipment– Market Overview

Fig.11 North America Surface Mining Equipment Market Snapshot

Fig.12 North America Surface Mining Equipment By Type Share – 2021 & 2026 (%)

Fig.13 North America Surface Mining Equipment Market By Commodity Group Share – 2021 & 2026 (%)

Fig.14 US Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.15 US Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.16 Canada Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.17 Canada Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.18 Europe Surface Mining Equipment Market Snapshot

Fig.19 Europe Surface Mining Equipment By Type Share – 2021 & 2026 (%)

Fig.20 Europe Surface Mining Equipment Market By Commodity Group Share – 2021 & 2026 (%)

Fig.21 Turkey Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.22 Turkey Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.23 Russia Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.24 Russia Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.25 Kazakhstan Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.26 Kazakhstan Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.27 Rest of Europe Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.28 Rest of Europe Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.29 Asia Pacific Surface Mining Equipment Market Snapshot

Fig.30 Asia Pacific Surface Mining Equipment By Type Share – 2021 & 2026 (%)

Fig.31 Asia Pacific Surface Mining Equipment Market By Commodity Group Share – 2021 & 2026 (%)

Fig.32 China Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.33 China Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.34 India Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.35 India Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.36 Indonesia Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.37 Indonesia Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.38 Australia Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.39 Australia Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.40 Rest of Asia Pacific Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.41 Rest of Asia Pacific Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.42 South & Central America Surface Mining Equipment Market Snapshot

Fig.43 South & Central America Surface Mining Equipment By Type Share – 2021 & 2026 (%)

Fig.44 South & Central America Surface Mining Equipment Market By Commodity Group Share – 2021 & 2026 (%)

Fig.45 Brazil Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.46 Brazil Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.47 Chile Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.48 Chile Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.49 Peru Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.50 Peru Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.51 Mexico Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.52 Mexico Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.53 Rest of South & Central America Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.54 Rest of South & Central America Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.55 Middle East & Africa Surface Mining Equipment Market Snapshot

Fig.56 Middle East & Africa Surface Mining Equipment By Type Share – 2021 & 2026 (%)

Fig.57 Middle East & Africa Surface Mining Equipment Market By Commodity Group Share – 2021 & 2026 (%)

Fig.58 South Africa Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.59 South Africa Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.60 Democratic Republic of Congo Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.61 Democratic Republic of Congo Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.62 Rest of Middle East & Africa Surface Mining Equipment Type Share – 2021 & 2026 (%)

Fig.63 Rest of Middle East & Africa Surface Mining Equipment Commodity Group Share – 2021 & 2026 (%)

Fig.64 Market Share Analysis – Mining Trucks

Fig.65 Market Share Analysis – Excavators & Hydraulic Shovels

Fig.66 Market Share Analysis – Electric Shovels

Fig.67 Market Share Analysis – Loaders

Fig.68 Market Share Analysis – Dozers

Fig.69 Market Share Analysis – Graders

Fig.70 Research Elements

Fig.71 Information Procurement

Fig.72 Data Analysis Model

Fig.73 ICT Survey Process

Fig.74 Research Methodology

Frequently Asked Questions

The total number of surface mining equipment (trucks, excavators, shovels, loaders, graders, and dozers) across all operating mines excluding quarries was estimated at 164,404 in 2021.

The surface mining equipment market is projected to achieve a CAGR of more than 2% during 2021-2025.

The key regions in the surface mining equipment market are Asia Pacific, the Middle East and Africa, South & Central America, North America, the Former Soviet Union, Oceania, and Europe.

The key types in the surface mining equipment market are mining trucks, excavators & hydraulic shovels, electric shovels, loaders, dozers, and graders.

The leading OEMs in the surface mining equipment market are Caterpillar, Komatsu, Volvo AB, BEML, Hitachi, Belaz, Tata Motors, Scania, Liebherr, Larsen & Toubro, and IZ-Kartex.

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