Mining Lifting Equipment Market by Type (Scissor Lift, Articulated Lift, Others), by Application (Original Equipment Manufacturer, Aftermarket), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Mining Lifting Equipment Market size was valued at USD 135 USD billion in 2023 and is projected to reach USD 195.08 USD billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Lifting in mining is a very vital and sensitive area in the extraction of minerals; hence, lifting equipment in mining is mandatory. This comprises several gadgets that are used to lift and lower loads in mines including those that are very bulky. There are major types of lifting machines which include hoists, which are equipment that operate through ropes or chains to lift materials, and winches, which are equipment that offer materials horizontal movement. Cranes are also used frequently as they are considerably more general-purpose than forklifts and can handle large equipment and materials. Some features can be things like heavy-duty construction for harsh environments, very high speed or capacity, and protection controls among others. It is used for the transport of the ore and the equipment used during the extraction to the handling of the material in processing plants. Both these tools are useful for the day-to-day running of the mines and for safety purposes when carrying out mining activities.
Mining Lifting Equipment Trends
Type:
Application:
The comprehensive Mining Lifting Equipment Market report presents an in-depth analysis of the industry's current and future trends, providing invaluable insights for decision-makers and stakeholders.
Political: Government regulations, mining policies
Economic: Commodity prices, economic growth
Social: Labor market, skilled labor shortage
Technological: Advancements in equipment technology
Legal: Environmental regulations, safety standards
Environmental: Climate change, pollution control
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.4% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.4% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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