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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 210
Countries covered: 17
Pages: 310
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Aggregate, Mining and Mineral Processing Equipment Market
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Aggregate, Mining and Mineral Processing Equipment Market Size
The global aggregate, mining and mineral processing equipment market size was valued at USD 175.6 billion in 2024 and is projected to grow at a CAGR of 5.3% between 2025 and 2034. Infrastructure development and urbanization are key factors propelling the growth of the market. Rapid urbanization, particularly in emerging economies such as India, China, and Brazil, has led to an increased demand for construction materials like aggregates.
According to the United Nations, 68% of the global population is projected to live in urban areas by 2050, up from 56% in 2020. This urban shift necessitates significant investments in infrastructure, including roads, bridges, housing, and commercial spaces, which in turn drives the demand for mining and mineral processing equipment. Additionally, government initiatives such as the "Belt and Road Initiative" in China and the "Smart Cities Mission" in India are further accelerating infrastructure development, creating a robust demand for advanced equipment to meet the growing requirements efficiently.
Additionally, technological advancements, particularly in artificial intelligence (AI), the Internet of Things (IoT), and automation, are revolutionizing the aggregate, mining, and mineral processing equipment market. AI-powered systems are enabling predictive maintenance, optimizing equipment performance, and reducing downtime, thereby enhancing operational efficiency.
For instance, Caterpillar Inc. has integrated AI into its mining equipment to provide real-time data analytics, improving productivity and safety. Similarly, IoT-enabled devices are facilitating remote monitoring and control of equipment, allowing operators to track performance metrics and identify potential issues before they escalate. According to a report by the International Data Corporation (IDC), global spending on IoT in the mining sector is expected to reach USD 26 billion by 2025, highlighting the growing adoption of connected technologies.
Aggregate, Mining and Mineral Processing Equipment Market Trends
Aggregate, Mining and Mineral Processing Equipment Market Analysis
Based on equipment type, the aggregate, mining and mineral processing equipment market is segmented into crushing equipment, screening equipment, feeding equipment, grinding equipment, filtration equipment, material handling equipment and others. Grinding equipment held the dominant market of USD 42.4 billion in 2024 and is expected to reach USD 67.9 billion by 2034.
Based on type, the aggregate, mining and mineral processing equipment market is segmented into manual, semi-automated and fully automated. The semi-automated segment accounted for a market share of around 37.3% in 2024 and is projected to grow at CAGR of 6.1% for the forecast period of 2025-2034.
Based on the distribution channel, the aggregate, mining and mineral processing equipment market is segmented directly and indirect. The direct segment accounted for a market share of around 56.9% in 2024.
In the U.S., the aggregate, mining and mineral processing equipment market was valued at USD 24.8 billion in 2024 and is projected to grow at CAGR of 5.9% for the forecast period of 2025-2034.
In Germany the market for aggregate, mining and mineral processing equipment was valued at USD 7.9 billion in 2024 and is projected to grow at CAGR of 6.3% for the forecast period of 2025-2034.
China holds share of 34.4% in the aggregate, mining and mineral processing equipment market across the Asia Pacific region, which is projected to grow at a CAGR of 6.2 % for the forecast period of 2025-2034.
The Saudi Arabia aggregate, mining and mineral processing equipment market is projected to grow at CAGR of 4.4% for the forecast period of 2025-2034.
Aggregate, Mining and Mineral Processing Equipment Market Share
The aggregate, mining and mineral processing equipment industry is moderately fragmented, with prominent players, such as Metso Outotec, Sandvik, FLSmidth, Terex Corporation, ThyssenKrupp holding a market share of 30%-35% in 2024.
Aggregate, Mining and Mineral Processing Equipment Market Companies
Major players operating in the aggregate, mining and mineral processing equipment industry are:
The manufacturers primarily compete on technological innovation, product reliability, after-sales service, and total cost of ownership. Companies are increasingly focusing on sustainable solutions and smart technologies while building comprehensive product portfolios through strategic acquisitions and partnerships.
Aggregate, Mining and Mineral Processing Equipment Industry News
The aggregate, mining and mineral processing equipment market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and Volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Equipment Type
Market, By Type
Market, By Application
Market, By End use
Market, By Distribution channel
The above information is provided for the following regions and countries: