European mining equipment market is estimated to grow at a CAGR of 3.8% during the forecast period. The rising adoption of electric machinery in underground mining is supporting to drive market growth. Increasing demand for electrification of underground mining equipment has been witnessed owing to the emerging focus in underground mining for the reduction of carbon emissions and increase workers’ safety. To fulfill the emerging emissions, energy efficiency, and safety concerns of the underground mining industry, increasing deployment of electric-powered machinery has been witnessed over the years.
For instance, in September 2019, Epiroc declared that after the introduction of its new generation battery electric mining equipment in November 2018, it has won orders for these machines from several countries which include Canada, Finland, and Australia. In the third quarter of 2019, Agnico Eagle Mines Limited (Finland) ordered the Boltec E Battery rig for application at the Kittilä gold mine. Additionally, several orders from other firms have been booked for battery Boltec rock bolting electric versions of the rig, Scooptram loader, and Minetruck hauler, Boomer face drilling rig. As part of the Sustainable Intelligent Mining Systems (SIMS) project, Agnico Eagle Mines has been testing several Epiroc battery-powered machines at Kittilä.
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European Mining Equipment Market
Market Coverage
- Market number available for 2023-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Type and Application
- Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
- Competitive Landscape- Caterpillar Inc., Atlas Copco AB, Liebherr Group, Komatsu Ltd., and Doosan Corp.
European Mining Equipment Market-Segmentation
By Type
- Surface Mining Equipment
- Mineral Processing Equipment
- Underground Mining Equipment
By Application
- Coal Mining
- Metal Mining
- Non-Metal Mining
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European Mining Equipment Market– Segment by Country
- Germany
- UK
- France
- Spain
- Italy
Rest of Europe
Company Profiles
- AB Volvo
- Overview
- Product Portfolio
- Recent Activities
- Atlas Copco AB
- Caterpillar Inc.
- CNH Industrial N.V.
- Corum Group
- Epiroc AB
- Famur SA
- FLSmidth A/S
- JCB
- Liebherr Group
- Metso Outotec Corp.
- Sandvik AB
- Thyssenkrupp AG
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