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
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Surface Mining Equipment Market Overview
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.
Growth in iron ore production, increased focus towards autonomous solutions, and rising efforts to reduce green house gas emissions are some of the major surface mining equipment drivers.
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 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.
Surface Mining Equipment Market Outlook, 2021-2025 (Number of Mining Equipment)
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|Market Size (2021)||164,404|
|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|
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 Region, 2021 (%)
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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, 2021 (%)
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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, 2021 (%)
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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
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
9 Leading OEMs
Frequently asked questions
What was the surface mining equipment market size in 2021?
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.
What is the surface mining equipment market growth rate?
The surface mining equipment market is projected to achieve a CAGR of more than 2% during 2021-2025.
What are the key regions in the surface mining equipment market?
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.
What are the key types in the surface mining equipment market?
The key types in the surface mining equipment market are mining trucks, excavators & hydraulic shovels, electric shovels, loaders, dozers, and graders.
Who are the leading OEMs in the surface mining equipment market?
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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