Surface Mining Equipment Market Analysis by Region, Population, Commodity and Forecast to 2030

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Explore the following trends and analysis from our ‘Surface Mining Equipment’ market report:

  • Understand the breakdown of equipment counts by region (Asia Pacific, Australasia, Europe, Former Soviet Union, Middle East & Africa, North America, and South & Central America).
  • Analyze the major mining countries such as Australia, Canada, Chile, China, India, Indonesia, Peru, Russia, South Africa, and the US.
  • Assess the total population by commodity to set smart business goals.
  • Learn the market shares of the leading OEMs by type of machine and region.

How is our ‘Surface Mining Equipment’ report unique from other reports in the market?

  • Assess the current population of each major type of equipment by country, region, and key commodity (coal, iron ore, gold, and copper) to get a better understanding of the market.
  • Predict counts of each machine through to 2030.
  • Analyze the key OEMs in each segment and region.
  • View counts of trucks by payload, as well as by numbers of autonomous and electric vehicles.

We recommend this valuable source of information to anyone involved in: 

  • Mining Companies
  • Heavy Industry /Automobiles Companies and Manufacturers
  • Primes/OEMs/Mining Technology Enterprises
  • Technology Leaders and Startups
  • Business Development and Market Intelligence
  • Investment Analysts and Portfolio Managers
  • Professional Services – Investment Banks, PE/VC firms
  • M&A/Investment, Management Consultants, and Consulting Firms

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Surface Mining Equipment Market Report Overview

The total number of surface mining equipment was estimated at 170,766 in 2023. The surface mining equipment market is expected to grow at a CAGR of more than 1% from 2023 to 2030. Miners are seeking improved productivity and minimized emissions, which has increased the number of autonomous haul trucks. Also, the electrification of surface equipment is expected to gain traction in the upcoming years.

Surface Mining Equipment Market Outlook 2023-2030 (Number of Surface Mining Machines)

Surface Mining Equipment Market Outlook 2023-2030 (Number of Surface Mining Machines)

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The surface mining equipment market research report provides detailed data and forecasts for different types of major surface mining equipment. The report uses our extensive mine-site research data and equipment models to generate a complete view of equipment counts globally. Furthermore, the report covers the number-wise breakdown of surface mining equipment by major regions, prominent mining countries, and key commodities.

Market Size (2023) 170,766 machines
CAGR (2023-2030) >1%
Key Regions ·        Asia-Pacific

·        Europe & FSU

·        Africa & ME

·        South & Central America

·        North America

·        Oceania

Key Machines ·        Mining Trucks

·        Hydraulic Excavators/Shovels

·        Electric Rope Shovels

·        Wheel Loaders

·        Dozers

·        Motor Graders

Leading OEMs ·        Caterpillar

·        Komatsu

·        Volvo

·        BEML

·        Hitachi

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Surface Mining Equipment Market Segmentation by Machines

The key machines in the surface mining equipment market are mining trucks, hydraulic excavators/shovels, electric rope shovels, wheel loaders, dozers, and motor graders. In 2023, mining trucks accounted for the largest surface mining equipment market share, followed by dozers, and hydraulic excavators/shovels. The growth of the mining trucks segment can be attributed to the rising popularity of smaller-sized trucks with shorter lifespans. Mining trucks hold the largest share at coal mines, and by country, the largest number of trucks are in India.

Surface Mining Equipment Market Analysis by Machines, 2023 (%)

Surface Mining Equipment Market Analysis by Machines, 2023 (%)

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Surface Mining Equipment Market Segmentation by Regions

The key regions in the surface mining equipment market are Asia-Pacific, Europe & FSU, Africa & ME, South & Central America, North America, and Oceania. In 2023, Asia-Pacific accounted for the highest number of surface mining equipment, followed by the Middle East & Africa.

Surface Mining Equipment Market Analysis by Regions, 2023 (%)

Surface Mining Equipment Market Analysis by Regions, 2023 (%)

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Surface Mining Equipment Market – Competitive Landscape

The leading OEMs in the surface mining equipment market are Caterpillar, Komatsu, Volvo, BEML, Hitachi, Belaz, Tata Motors, Scania, Liebherr, and Larsen & Toubro among others. In 2023, Caterpillar was the market leader in most segments. However, Komatsu was the leading provider of electric rope shovels.

Surface Mining Equipment Market Analysis by Leading OEMs, 2023 (%)

Surface Mining Equipment Market Analysis by Leading OEMs, 2023 (%)

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Segments Covered in this Report

Surface Mining Equipment Type Outlook (Number of Machines, 2023)

  • Mining Trucks
  • Hydraulic Excavators/Shovels
  • Electric Rope Shovels
  • Wheel Loaders
  • Dozers
  • Motor Graders

Surface Mining Equipment Regional Outlook (Number of Machines, 2023)

  • Asia-Pacific
  • Europe & FSU
  • Africa & ME
  • South & Central America
  • North America
  • Oceania

Key Highlights

• The total number of trucks, hydraulic excavators, rope shovels, wheel loaders, motor graders and dozers across all operating mines (including those in care and maintenance), excluding quarries, at the end of 2023 was estimated at 170,766. The largest share of machines is in Asia Pacific, at 44%, followed by the Middle East & Africa at 12%. Including only active fleet, this figure was 153,277.

• With steady growth in output, as more mines ramp up and come on stream, the total number of active machines is forecast to rise to 176,543 by 2030, a CAGR of 2.0% from 2023 to 2030. The largest contributor to this growth will be trucks, and particularly the smaller-sized trucks with shorter lifespans.

•Of the total, the largest share is accounted for by trucks at 61%. Of these the most popular payload sizes are in the range of 50-99 metric tonne trucks (36%), with 35% below 50t. Next most numerous are dozers accounting for 14% of machines, ahead of hydraulic excavators/shovels at 11%.

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

Table

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

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

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