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Do you understand the global mining equipment market pattern

Publish in:2025-03-03

The global mining equipment market will reach $135 billion in 2023, dominated by Caterpillar (21%), Komatsu (18%) and Xugong (12%). Key trends include:
Going green: Hydrogen fuel mining cards are expected to account for more than 30% by 2030, and Anglo American has tested hydrogen excavators in South Africa.
Superlarge-scale: The Liebherr R 9800 excavator weighs 800 tons, the bucket capacity is 42 cubic meters, and the annual mining capacity of a single machine exceeds 50 million tons.
Digital twin: The digital model is synchronized with the physical equipment in real time, and the South African platinum mine has improved its resource recovery rate by 8% through the twin system.
In the future, deep-sea mining equipment and space resource mining equipment will become a new growth point, such as the deep-sea polymetallic nodule collector developed by Norway has achieved 5,000 meters of water depth operation, opening up a new dimension of resource acquisition.
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