Competitive Analysis of the Mining Equipment Market: Leading Players and Market Share
Market Overview Global Mining Equipment Market size and share is currently valued at USD 147.85 billion in 2024 and is anticipated to generate an estimated revenue of USD 237.98 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 Mining equipment comprises a wide range of machinery and tools used for the extraction, transportation, processing, and storage of mineral resources. These include excavators, loaders, haul trucks, drilling equipment , crushers, screeners, and processing machinery. The equipment is vital for both surface and subsurface operations, supporting activities such as exploration, material handling, and ore beneficiation. Modern mining practices are undergoing a paradigm shift, with digitalization, automation, and environmental consciousness shaping equipment design and deployment....