Mining and Aggregate Equipment Market Overview
Mining and Aggregate Equipment Market size stood at USD 123.45 Billion in 2024 and is forecast to achieve USD 180.25 Billion by 2033, registering a 4.8% CAGR from 2026 to 2033.
The global Mining and Aggregate Equipment Market is experiencing a steady surge, driven by the growth in mining activities, urban infrastructure development, and a global push for resource extraction. As of 2024, the market is estimated to be valued at USD 145 billion and is projected to reach approximately USD 210 billion by 2032, growing at a compound annual growth rate (CAGR) of around 4.7% during the forecast period.
This growth trajectory is underpinned by rising global demand for essential minerals, metals, and construction materials such as gravel, sand, and crushed stone. The expansion of renewable energy infrastructure, electric vehicle manufacturing, and smart city developments further amplify the demand for mining operations, thereby boosting the equipment market.
