Australia Mining Equipment Market Research Report, 2030

Australia's mining equipment market is a crucial part of the nation's economy, significantly impacted by its extensive mining industry. As one of the top producers of minerals worldwide, Australia plays a vital role in the mining field, with considerable demand for mining equipment arising from the extraction of a broad range of minerals, including coal, iron ore, gold, and lithium. Australia's mining equipment market is fueled by both local mining activities and exports. The nation is renowned for its extensive and varied mineral resources, which has resulted in the requirement for a broad spectrum of mining equipment. This encompasses surface mining equipment, underground mining equipment, crushing and screening equipment, and material handling systems. Australia’s mining industry is marked by the utilization of large-scale, technologically advanced machinery, spurred by the necessity to enhance productivity, safety, and environmental sustainability. The mining equipment market has experienced substantial growth due to ongoing improvements in automation, digitalization, and the embrace of new technologies to optimize mining processes. Australia's mining sector also emphasizes minimizing its ecological footprint, which has resulted in a growing demand for energy-efficient machinery. Moreover, Australia's abundant deposits of lithium, cobalt, and rare earth elements, crucial for the electric vehicle and renewable energy sectors, have further driven the need for mining equipment. The industry is additionally riding the wave of strong international demand for minerals, especially from Asia, which remains a significant market for Australian mining machinery. Historically, Australia’s mining sector has served as a cornerstone of its economic growth, with mining activities tracing back to the early 19th century. The gold rushes of the 1850s, succeeded by the emergence of coal and iron ore mining, ignited the demand for more sophisticated mining technologies. Over the decades, Australia has shifted from relying on manual labor and basic tools to implementing mechanized equipment, particularly after the 1960s, coinciding with the rise of large-scale mining operations. According to the research report, "Australia global mining equipment Market Research Report, 2030," published by Actual Market Research, the Australia global mining equipment market is expected to reach a market size of more than USD 12.70 Billion by 2030. The COVID-19 pandemic had a significant effect on Australia’s mining equipment market, causing disruptions in production, supply chains, and overall mining operations. The mining industry, essential to Australia’s economy, encountered multiple challenges, yet also discovered opportunities in the midst of the crisis. The initial emergence of COVID-19 caused extensive lockdowns, both locally and internationally, which interrupted global supply chains for mining equipment. Manufacturers encountered delays in obtaining parts, and logistical disruptions impeded the prompt delivery of equipment. Due to travel limitations and the requirement for social distancing, certain mining operations experienced labor shortages, which affected productivity. Furthermore, the unpredictability in global markets resulted in a temporary decrease in demand for mining equipment, especially in sectors where mining operations were halted or diminished. The COVID-19 pandemic resulted in bottlenecks within the supply chain for raw materials, parts, and components essential for producing mining equipment. This resulted in setbacks to production timelines. Social distancing rules, quarantine protocols, and health worries led to a decrease in workforce availability, impacting both the mining equipment manufacturing industry and the mining activities themselves. During the early months of the pandemic, decreased global industrial activity caused a fall in demand for specific minerals, influencing investments in new mining equipment and mining ventures. The persistent uncertainty in the global economy affected mining companies’ readiness to invest in new equipment. The pandemic sped up the implementation of automation and remote monitoring technologies within the mining sector. Mining companies aimed to lessen labor dependence and enhance operational efficiency through autonomous equipment, remote-controlled activities, and digital tools. As the global economy started to recover, the demand for vital minerals, including gold, lithium, and iron ore, surged, driving the need for mining equipment. Australia’s role as a critical supplier of these minerals meant that the mining industry, and consequently, the mining equipment market, experienced renewed growth.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Australia's mining equipment market is varied and dynamic, with considerable demand across numerous types of equipment due to the nation’s extensive mineral resources and strong mining industry. The market is divided into underground mining equipment, surface mining equipment, crushing, pulverizing and screening equipment, and others. Each category is vital in supporting Australia's mining operations. Underground mining equipment is crucial for obtaining minerals found deep within the earth’s crust. Australia’s underground mining endeavors concentrate on minerals such as gold, copper, and zinc, which frequently necessitate specialized machinery for effective extraction. Essential machinery in this area comprises continuous miners, longwall miners, shuttle cars, and underground haul trucks. These devices are engineered to boost safety, productivity, and minimize ecological impact. Furthermore, the increasing emphasis on automation and digitalization in mining is propelling demand for autonomous underground mining solutions, which assist in enhancing operational efficiency and lowering dependence on human labor in dangerous environments. Surface mining is heavily utilized in Australia, especially for the extraction of minerals like coal, iron ore, and bauxite, as well as industrial minerals such as limestone. Machinery employed in surface mining encompasses excavators, haul trucks, draglines, shovels, and dozers. Surface mining is marked by the removal of overburden and transportation of materials for processing, necessitating large and resilient machines. Australia stands as a prominent market for large-scale mining machinery, driven by vast mineral reserves. The shift towards sustainable mining practices has resulted in heightened demand for energy-efficient, hybrid, and electric-powered machinery. Crushing, pulverizing, and screening equipment are essential in the processing of extracted minerals. This machinery is utilized to diminish the size of raw materials and segregate them into desired sizes for further processing. In Australia, jaw crushers, cone crushers, impact crushers, and screening units are frequently employed in both mining and construction sectors. This segment plays a significant role in fields like cement manufacturing, where processed aggregates are a major input. Australia’s mining equipment market is divided into three main categories: metal mining, non-metal mining, and coal mining. Each category has specific requirements for specialized equipment based on the materials being extracted and processed. Metal mining is fundamental to Australia’s mining sector, extracting vital minerals such as gold, iron ore, copper, and nickel. The requirement for mining machinery in this area is fueled by the necessity for advanced and highly efficient tools, due to the complexity involved in extracting metals from deep underground or through expansive open-pit operations. Equipment utilized in metal mining comprises drills, excavators, haul trucks, shovels, and crushing and screening machinery. Mining companies in Australia are increasingly implementing automation, remote-controlled equipment, and advanced technologies like autonomous haul trucks to enhance efficiency, lower operational costs, and improve worker safety. The rising emphasis on sustainability also promotes the demand for energy-efficient and environmentally conscious equipment. Non-metal mining in Australia concentrates on the extraction of materials like limestone, clay, sand, gravel, and salt, which are crucial for sectors such as construction, cement manufacturing, and production. The machinery involved in non-metal mining includes excavators, loaders, screening units, crushers, and haul trucks. This market is affected by the requirement for construction materials and infrastructure improvements, which are significant driving forces behind non-metal mining. The construction boom in Australia has increased the demand for non-metallic mining materials, leading to a heightened necessity for processing machinery. The rise of sustainable construction materials also necessitates innovations in crushing and screening technologies to guarantee quality while minimizing environmental hazards. Coal mining is still a vital component of Australia’s economy, with the nation being one of the largest coal exporters worldwide. The equipment utilized in coal mining includes draglines, shovels, excavators, haul trucks, continuous miners, and shuttle cars. Although Australia is moving toward renewable energy, coal remains a significant contributor to power generation, both for domestic use and export. Considered in this report • Geography: Australia • Historic Year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030

Make this report your own

We're excited to discuss your needs and our solutions. Let's schedule a call.

Ask an Expert

Nikita Jabrela

Business Development Manager

Aspects covered in this report • Global mining Market with its value and forecast along with its segments • Region & country wise global mining market analysis • Application wise global mining distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Equipment Type • Underground Mining Equipment • Surface Mining Equipment • Crushing, Pulverizing & Screening Equipment • Others (Mineral Processing) By Application • Metal Mining • Non-metal Mining • Coal Mining

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now

The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.