Construction Mining Equipment Market Expected to Reach USD 11.59 Billion by 2032 | Growing at a CAGR of 5.51%.

Market Research Future (MRFR) has published a cooked research report on the “Global Construction Mining Equipment Market” that contains information from 2018 to 2032. The construction mining equipment market is estimated to register a CAGR of 5.51% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Construction Mining Equipment market— Liebherr-International AG, Zoomlion Heavy Industry Science & Technology Development Co., Komatsu Ltd, Terex Corporation, CNH Industrial N.V., Joy Global Inc., Atlas Copco AB, Volvo Group, Caterpillar Inc., Hitachi Construction Machinery Co. Ltd.

Market Highlights

The global Construction Mining Equipment market is accounted to register a CAGR of 5.51% during the forecast period and is estimated to reach USD 11.59 billion by 2032.

In order to enhance the sale of construction equipment, the industry is pushed by expansion in infrastructure developments. Construction equipment manufacture, import, and export laws and regulations vary per nation, which limits market expansion. Additionally, the market for construction equipment is experiencing significant technological developments for more reliable and optimized products, yet the market is constrained by apprehension about cyber attacks.

Segment Analysis

The global Construction Mining Equipment market has been segmented based Product Type, Market Type, and Propulsion Type.

On the basis of Product Type, the market is segmented into Loaders, Dozers, Excavators, Crushing, Pulverizing & Screening Equipment, and Others. The Excavators segment was attributed to holding the largest market share in 2022, due of technical advancements; contemporary automated excavators are more effective than earlier ones.

Based on Market Type, the global Construction Mining Equipment market has been segmented into New Sales, and Aftermarket. The Aftermarket segment was expected to hold the largest market share in 2022, because of the increase in luxury furniture sales.

Based on Propulsion Type, the global Construction Mining Equipment market has been segmented into Diesel, and CNG/LNG/RNG. The Diesel segment was expected to hold the largest market share in 2022 as surface mines proliferate all over the world.

Regional Analysis        

The global Construction Mining Equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Construction Mining Equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Construction Mining Equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Construction Mining Equipment market comprises of Middle East, Africa, and Latin America.

The largest market share for Construction Mining Equipment was maintained by the North American regional sector.This increase is due to increased mineral mining activity, increased usage of cutting-edge mining equipment, and government initiatives in North America. Additionally, it is anticipated that during the forecast period, demand for these items would rise as modern, reasonably priced open-pit mining replaces outdated underground mining.

Moreover, the Europe market has been persistently growing over the forecast period. The need for the electrification of underground mining equipment has increased as a result of manufacturers placing more focus on carrying out underground mining operations, cutting carbon emissions, and improving worker safety in Europe.

Additionally, due to increased mining operations and investments in mining equipment, Asia Pacific is expected to expand the fastest during the projection period. This is expected to result in significant market growth. There are many emerging nations in the region with major coal-producing regions and sizable coal and metal mining sectors, both of which require sizable capital investments.

Furthermore, the rest of the world's Construction Mining Equipment market is divided into the Middle East, Africa, and Latin America. The government's increasing efforts to reduce its carbon impact are credited with this rise. The practicality of the technology in the industry, increased investor interest, and government assistance are all contributing reasons to the market development.

Key Findings of the Study

• The global Construction Mining Equipment market is expected to reach USD 11.59 billion by 2032, at a CAGR of 5.51% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to increased mining operations and investments in mining equipment.


• Based on Product Type, the Excavators segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Liebherr-International AG, Zoomlion Heavy Industry Science & Technology Development Co., Terex Corporation, CNH Industrial N.V., Joy Global Inc., Hitachi Construction Machinery Co. Ltd., Atlas Copco AB, Volvo Group, Caterpillar Inc., Komatsu Ltd.