Canada Mining Equipment Market Research Report, 2030

Canada has historically been a significant participant in the international mining equipment market, propelled by its abundant natural resources and well-established mining sector. The nation is recognized for its large reserves of minerals, such as gold, copper, nickel, diamonds, and potash, which has stimulated the need for mining equipment throughout the years. The Canadian mining industry, bolstered by both surface and underground mining activities, has traditionally spearheaded technological advancements in mining equipment. Canada's mining sector can be traced back to the 18th century, with initial extraction concentrating on gold, silver, and copper. The industrialization phase of mining commenced in the late 19th century, especially with the surge in coal and iron ore production. The 20th century experienced remarkable technological progress, marked by the advent of mechanized equipment replacing manual labor, enhancing productivity in mining endeavors. Prominent firms such as Caterpillar, Komatsu, and Sandvik established a robust presence in Canada, providing heavy machinery utilized in diverse mining functions. In the middle of the 20th century, Canada’s mining industry grew considerably, fueled by the uncovering of new mineral deposits in isolated areas like the Canadian Shield and northern territories. This resulted in a surge in demand for mining equipment, such as drills, haul trucks, and loaders, vital for mineral extraction in tough environments. In recent years, the Canadian mining equipment market has undergone substantial transformations with the advent of automation, artificial intelligence, and environmental sustainability efforts. The implementation of autonomous vehicles, robotic mining systems, and environmentally friendly equipment has transformed mining operations, enhancing their safety and efficiency. Furthermore, Canada’s commitment to lowering carbon emissions has prompted the creation of electric-powered and hybrid mining machines. Currently, Canada continues to be one of the largest mining equipment marketplaces worldwide, with an increasing focus on innovation, sustainability, and technological progress to address the changing needs of the sector. According to the research report, "Canada global mining equipment Market Research Report, 2030," published by Actual Market Research, the Canada global mining equipment market is anticipated to add to more than USD 2.45 Billion by 2025–30. The worldwide mining equipment market in Canada, similar to other sectors, was notably affected by the COVID-19 pandemic. The limitations enforced during the pandemic resulted in a deceleration of mining activities, disrupting both manufacturing and equipment supply networks. Production delays, workforce shortages due to health-related concerns, and transport congestion were prevalent obstacles encountered by the industry. Furthermore, changing commodity prices, especially during the initial phases of the pandemic, resulted in a temporary decline in demand for mining equipment as mining firms reduced their operations or postponed significant investments. The mining equipment market in Canada encountered several prominent challenges throughout the pandemic. A significant problem was the disturbance to global supply networks, which postponed the arrival of essential components and machinery. The mining field also dealt with shortages of labor due to COVID-19-associated restrictions, affecting the capability to operate and maintain mining machinery. In addition, the unpredictability in commodity prices, particularly for oil, coal, and metals, introduced uncertainty in the investment forecast for mining initiatives, leading businesses to delay or scale back their acquisition of new equipment. In spite of the difficulties, the pandemic also offered multiple chances for expansion within Canada’s mining equipment market. With the global economic rebound and the rising demand for minerals utilized in technology, electric vehicles, and renewable energy, mining operations began to increase. This resurgence stimulated the need for more efficient and cutting-edge mining machinery. Moreover, the incorporation of automation, remote-operated equipment, and artificial intelligence in mining practices gained momentum, spurred by the necessity for safer, more efficient operations amid ongoing workforce challenges. Historically, Canada’s mining equipment market has experienced consistent innovation. Initial mining machinery was manually controlled, but as the sector advanced, mechanization became crucial. By the mid-20th century, hydraulic drills, bulldozers, and haul trucks were vital for extensive operations. Currently, the emphasis is on automation and sustainability, with Canadian businesses progressively investing in electric-powered, autonomous, and AI-enhanced mining equipment.

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

The Canadian mining equipment market is divided into various types of equipment, each addressing different facets of mining operations. These comprise underground mining equipment, surface mining equipment, crushing, pulverizing and screening equipment, and others. Each of these categories serves a vital function in the efficiency and productivity of the mining industry. Underground mining equipment is utilized in the extraction of minerals and ores located beneath the Earth’s surface. This category encompasses drilling rigs, loaders, shuttle cars, continuous miners, and underground trucks. Canada’s extensive reserves of gold, nickel, and other precious metals are chiefly extracted through underground mining. Consequently, the demand for advanced, high-efficiency equipment that guarantees safety, productivity, and minimal environmental impact is significant. Recent advancements feature automated drilling systems, remote-controlled loaders, and advanced ventilation systems to enhance worker safety in underground environments. Surface mining equipment is employed for the extraction of minerals from open-pit mines. This includes haul trucks, draglines, excavators, bulldozers, and wheel loaders. Surface mining is extensively utilized in the extraction of coal, aggregates, and large-scale ore deposits, with Canada’s mining sector greatly depending on these techniques. The movement toward larger, more powerful equipment capable of efficiently relocating substantial amounts of earth has propelled the market for bigger and more fuel-efficient machines. Furthermore, the need for environmentally friendly, hybrid-powered, and electric equipment is on the rise, as surface mining operations aim to minimize their carbon footprint. Crushing, pulverizing, and screening equipment is essential in the processing of mined materials. These machines reduce ore into smaller, more manageable sizes, ensuring that it is prepared for further processing or transportation. Crushers, mills, screens, and classifiers are frequently employed to process a broad range of materials, including metals and aggregates. The Canadian mining equipment market has experienced growing demand for higher-efficiency machines capable of processing larger volumes of material, along with equipment that minimizes energy consumption and operational expenses. The global mining equipment market in Canada is categorized by application into metal mining, non-metal mining, and coal mining, with each area significantly impacting the need for specialized machinery and equipment. Metal mining represents one of the largest segments within the Canadian mining sector, fueled by the extraction of valuable minerals like gold, copper, silver, and zinc. This industry necessitates sophisticated equipment for drilling, blasting, crushing, and transporting ore, in addition to the extraction and processing of metals. There is a substantial demand for machinery such as excavators, haul trucks, crushers, and underground mining equipment. Furthermore, Canada's extensive mining projects, particularly in remote areas, demand equipment that is durable and suitable for operating in severe weather conditions. Non-metal mining entails the extraction of industrial minerals, including sand, gravel, limestone, and potash, essential for construction, infrastructure, and agriculture sectors. The equipment utilized in this field consists of heavy machinery for excavation, material handling, and transportation. The rising application of industrial minerals in construction and environmental efforts, especially potash for fertilizers, has strengthened the demand for mining equipment in this segment. As the requirement for these minerals increases, so does the necessity for more efficient and cost-effective mining technologies. Even though coal mining has experienced a downturn in certain areas due to environmental issues, it continues to be a crucial element of Canada’s mining sector, particularly in Alberta. Equipment utilized in coal extraction comprises draglines, loaders, trucks, and crushers. The industry’s demand for these machines is propelled by the persistent necessity for coal in energy production, both for domestic use and export. In spite of the transition towards renewable energy sources, coal mining still demands heavy-duty machinery to effectively extract and process coal. In addition, Canada’s mining equipment market is varied, featuring distinct applications within metal, non-metal, and coal mining, with each depending on specialized machinery to satisfy the needs of these critical industries. Considered in this report • Geography: Canada • 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.