North America Mining Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers North American Mining Equipment Market Companies by Geography and is Segmented by Type (Surface Mining Equipment, Underground Mining Equipment, and Mineral Processing Equipment), Application (Metal Mining, Mineral Mining, and Coal Mining), and Country (United States, Canada, and the Rest of North America). The Market Size and Forecasts for the North American Mining Equipment Market are Provided in Terms of Value (USD) for all the Above Segments.

North America Mining Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Mining Equipment Industry Overview

The North American mining equipment market is fairly consolidated with Liebherr International, Terex Corporation, Komatsu, Metso Outotec, SANY, Caterpillar Inc., Volvo Construction Equipment, and other companies.

Major players have increased their R&D expenditure exponentially to integrate innovation with excellence in performance. The demand for high-performance, high-efficiency, and safe handling equipment is expected to increase market competition over the forecast period.

In September 2023, Albemarle and Caterpillar shared an agreement under which Albemarle would buy battery-powered mining equipment from heavy vehicle maker Caterpillar. In return, Albemarle will become the main supplier of lithium to Caterpillar for electric vehicle batteries.

North America Mining Equipment Market Leaders

  1. Terex Corporation

  2. Komatsu Ltd

  3. Caterpillar Inc.

  4. SANY Group

  5. Volvo Construction Equipment

  6. *Disclaimer: Major Players sorted in no particular order
North America Mining Equipment Market Concentration

North America Mining Equipment Market Report Snapshots

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