Please Wait.....
Report
Mobile Mining Equipment Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Market Report I 2025-04-04 I 180 Pages I Global Market Insights
The Global Mobile Mining Equipment Market was valued at USD 67.6 billion in 2024 and is estimated to grow at a CAGR of 5.6% to reach USD 115 billion by 2034. The rising shift toward autonomous operations and remote-controlled equipment has significantly improved workplace safety while minimizing physically demanding labor. Integration of smart technologies in mobile mining equipment is transforming how companies analyze operations, allowing for real-time insights that enhance efficiency and support environmental and economic sustainability. The speed at which intelligent systems are being adopted is helping mining businesses stay competitive, especially when compared to other industrial sectors.
Ongoing regulatory reforms and global sustainability targets are compelling the industry to prioritize green technologies. Equipment powered by hybrid or electric systems reduces fuel usage and lowers emissions-related costs. At the same time, the addition of battery innovations and renewable energy installations is helping accelerate the adoption of cleaner technologies across mining operations. Government-backed funding and strict environmental rules are further pushing mining companies to invest in advanced, efficient machinery that aligns with future sustainability goals. The industry's overall transition toward digitization and cleaner energy sources is driving manufacturers to offer solutions that address performance, reliability, and emissions reduction simultaneously.
In terms of equipment type, the market is categorized into haul trucks, excavators, drills and breakers, loaders and dozers, and others. Haul trucks held the largest share in 2024, accounting for 32% of the overall market. This segment is projected to exceed USD 38 billion by 2034. The growing use of electric and autonomous haul trucks is enhancing productivity while lowering fuel dependency. These trucks now feature AI-driven systems for better fleet management, and advanced telematics allow for predictive maintenance and optimized routing. Operators are rapidly adopting these models to meet both their operational efficiency goals and environmental targets.
On the basis of application, the mobile mining equipment market is segmented into metal mining, coal mining, and mineral mining. The metal mining segment led the market in 2024 with a share of 41%. With demand for essential minerals such as lithium, copper, and nickel rising, especially due to global electrification trends, companies are adopting newer, automated methods to maximize resource recovery. The adoption of advanced extraction technologies and digital tracking systems is also improving yield rates and reducing inefficiencies in metal extraction activities.
By power source, the market is segmented into diesel, electric, and hybrid. Diesel-powered equipment accounted for 81% of the global share in 2024. These machines continue to dominate due to their reliability, energy density, and ability to operate in off-grid or extreme environments. While cleaner diesel technologies are making progress by reducing harmful emissions, diesel engines still provide unmatched performance for high-power, long-duration applications. Many remote operations still rely on diesel due to the lack of infrastructure needed to support full electrification.
Looking at the end-user segmentation, the market includes mining companies, equipment rental firms, contract miners, and government or regulatory bodies. Mining companies led the market in 2024 by leveraging automation, digital tools, and smart machinery to improve profitability and reduce manual labor costs. They are also forming collaborations with OEMs and software providers to use AI-based fleet systems and predictive maintenance, helping them reduce downtime and increase resource efficiency. These advancements are making mining operations more scalable and less prone to disruption.
Meanwhile, contract miners are experiencing growing demand as mining projects increasingly opt for outsourced solutions. From operating equipment to full-scale project execution, contract miners are benefiting from their ability to deploy technology-driven, cost-efficient solutions. Their agility in incorporating digital tools into contract-based mining operations is helping them secure larger, long-term deals.
Regionally, Asia Pacific leads the global mobile mining equipment market with a share of approximately 47%, with China contributing USD 13.3 billion in 2024 alone. The region benefits from rapid industrialization and strong partnerships between local and global equipment manufacturers. Automation and AI integration are central to fleet modernization efforts, which are being supported by the rising demand for environmentally compliant solutions. The accelerated replacement of outdated diesel machinery with electric and hybrid alternatives reflects the growing emphasis on sustainable mining practices in this region.
Ke
Report Content
Chapter 1 Methodology & Scope
1.1 Research Design
1.1.1 Research Approach
1.1.2 Data Collection Methods
1.2 Base Estimates And Calculations
1.2.1 Base Year Calculation
1.2.2 Key Trends For Market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021 - 2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component suppliers
3.2.3 Manufacturers
3.2.4 Technology providers
3.2.5 Distributors
3.2.6 End use
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Rising demand for minerals and metals globally
3.8.1.2 Shift towards automation and autonomous mining equipment
3.8.1.3 Electrification and sustainability initiatives in mining
3.8.1.4 Expansion of surface and underground mining operations
3.8.2 Industry pitfalls & challenges
3.8.2.1 High initial costs of advanced mining equipment
3.8.2.2 Slow adoption of electrification in remote mines
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Equipment, 2021 - 2034 ($Bn, Units)
5.1 Key trends
5.2 Haul trucks
5.3 Excavators
5.4 Loaders & dozers
5.5 Drills & breakers
5.6 Other
Chapter 6 Market Estimates & Forecast, By Power Source, 2021 - 2034 ($Bn, Units)
6.1 Key trends
6.2 Diesel
6.3 Electric
6.4 Hybrid
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)
7.1 Key trends
7.2 Coal mining
7.3 Metal mining
7.4 Mineral mining
Chapter 8 Market Estimates & Forecast, By End Use, 2021 - 2034 ($Bn, Units)
8.1 Key trends
8.2 Mining companies
8.3 Contract miners
8.4 Government & regulatory bodies
8.5 Equipment rental companies
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Russia
9.3.7 Nordics
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Southeast Asia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 MEA
9.6.1 UAE
9.6.2 South Africa
9.6.3 Saudi Arabia
Chapter 10 Company Profiles
10.1 Austin Engineering
10.2 Bell Equipment
10.3 Caterpillar
10.4 Doosan Bobcat
10.5 Epiroc
10.6 Hitachi Construction Machinery
10.7 JCB
10.8 John Deere
10.9 Kennametal
10.10 KGHM Zanam
10.11 Komatsu
10.12 Konecranes
10.13 Liebherr
10.14 Metso Outotec
10.15 Sandvik
10.16 Sany
10.17 Terex
10.18 Vipeak Mining Machinery
10.19 Volvo Construction Equipment
10.20 XCMG
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security