India Mining Equipment Market Research Report, 2030

India's mining equipment market is an essential component of the nation's economic framework, catering to the rising need for raw materials necessary for industrial growth, construction, and infrastructure. Possessing a rich variety of minerals such as coal, iron ore, bauxite, limestone, and others, India has a well-established mining sector that significantly impacts both domestic output and global supply chains. India ranks among the largest mineral producers worldwide, and its mining industry is crucial for its economic advancement, aiding energy generation, construction, and manufacturing sectors. The mining equipment market in India is varied, covering an extensive range of products including surface mining equipment, underground mining machinery, and processing equipment like crushers, screens, and mills. The market also incorporates technologies such as drilling rigs, haul trucks, and excavators utilized in coal, metal, and non-metal mining. In recent years, there has been a surge in the demand for sophisticated machinery and automation solutions within India’s mining industry to enhance safety, productivity, and eco-friendliness. The emergence of government initiatives such as "Make in India" and the growth of infrastructure projects have fostered favorable conditions for mining equipment manufacturers. This resulted in a heightened use of contemporary, energy-efficient, and environmentally friendly equipment across various mining operations, ranging from coal extraction to metal mining. India's mining heritage traces back to ancient times, yet the contemporary mining industry began to take shape during the British colonial period in the 19th century, with coal mining emerging as one of the earliest significant sectors. Following independence, the mining industry experienced considerable growth, driven by government policies and the nationalization of crucial resources like coal, which started in the 1970s, and this accelerated the need for mining equipment. Traditionally, the Indian mining equipment sector has been led by firms offering basic mining machinery, though recent developments have concentrated on automation, digitalization, and sustainable practices. According to the research report, "India global mining equipment Market Research Report, 2030," published by Actual Market Research, the India global mining equipment market is anticipated to grow at more than 8.71% CAGR from 2025 to 2030. The COVID-19 pandemic had a significant effect on India’s mining equipment market, creating both substantial challenges and opportunities for the industry. The market, which supports an essential component of India’s economy, was affected by disturbances in supply chains, diminished production capacity, and labor shortages resulting from lockdowns and health measures. During the early stage of the pandemic, India’s mining sector encountered serious slowdowns due to restrictions on movement, halts in mining activities, and concerns regarding worker safety. This resulted in delays in the manufacturing and distribution of mining equipment, influencing both domestic and international markets. The pandemic also caused financial pressure for numerous mining firms, with some suspending projects or postponing investment in new machinery. Mining operations experienced decreased output, particularly in the coal and metal sectors, due to workforce unavailability and equipment downtime. Nonetheless, as restrictions were eased, the mining industry exhibited signs of recovery. The demand for equipment progressively resumed as mining operations, particularly coal mining, began functioning at pre-pandemic levels. The emphasis shifted toward enhancing mining productivity through technology-driven solutions, which emerged as a crucial area of opportunity in the post-pandemic environment. The disturbances in global supply chains for essential components influenced the availability and shipping times of mining equipment. The pandemic resulted in labor shortages, impacting mining operations and the construction of new facilities. Unstable commodity prices during the pandemic resulted in uncertain investment strategies and diminished demand for mining equipment. In the post-pandemic period, there is an increased emphasis on automation, digitalization, and remote mining technologies. These advancements contribute to improved productivity, safety, and reduced dependence on manual labor. As India pays more attention to sustainable practices, there is an escalating demand for energy-efficient, environmentally friendly mining equipment. Historically, India’s mining equipment market was driven by fundamental machines like excavators, haul trucks, and crushers.

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India’s mining equipment sector is divided into multiple essential equipment types, each fulfilling a vital function in the mining processes throughout the country. These classifications consist of underground mining equipment, surface mining equipment, crushing, pulverizing and screening equipment, and others, addressing the varied requirements of India’s mining sector, especially for coal, metals, and non-metal resources. Underground mining equipment is utilized for the extraction of minerals situated deep under the earth’s surface. India experiences a significant need for underground mining machinery due to its considerable coal output, particularly for deep coal operations. Equipment within this category encompasses drill rigs, shuttle cars, longwall mining machines, continuous miners, and underground trucks. As India progresses toward deeper coal mining, the necessity for more effective and automated underground mining machinery is increasing. The machinery is engineered to enhance safety, minimize manual labor, and boost extraction efficiency. The integration of automation and digitization in underground mining is becoming more prevalent, with remote-operated and AI-driven systems lowering hazards related to human workers in restricted areas. Surface mining equipment is chiefly employed for open-pit and strip-mining activities, which are prevalent for extracting coal, metals such as iron ore, and various industrial minerals. Equipment within this segment includes excavators, haul trucks, bulldozers, draglines, and wheel loaders. Surface mining plays a crucial role in India, particularly for coal and limestone extraction, where large operations necessitate robust and effective machinery. As India’s infrastructure and industrial sectors grow, the demand for aggregates, construction materials, and metals has driven the expansion of surface mining activities. The transition toward more environmentally friendly and energy-efficient machines, including electric and hybrid equipment, is also becoming apparent. Crushing, pulverizing, and screening equipment is vital in processing minerals post-extraction. This machinery is employed to reduce large rocks into smaller, more manageable sizes for further treatment or commercial purposes. India's mining machinery market is influenced by three main applications: metal mining, non-metal mining, and coal mining. Each industry creates a need for specialized machines and solutions that are designed for the particular characteristics of the resources being extracted. India is a major producer of metals such as iron ore, copper, zinc, and gold, which makes metal mining an essential application for mining machinery. Metal mining activities necessitate specialized equipment for both surface and underground extraction. In surface extraction, excavators, haul trucks, and bulldozers are frequently utilized, while underground extraction requires drilling rigs, continuous miners, and shuttle cars. The requirement for mining machinery in metal mining is fueled by India’s expanding industrial and infrastructure sectors, which need a consistent supply of metals for construction, manufacturing, and energy generation. Moreover, there is an increasing emphasis on automation and technology-driven solutions to enhance efficiency, safety, and environmental sustainability in metal extraction processes. Non-metal mining in India pertains to the extraction of industrial minerals such as limestone, clay, sand, and aggregates utilized in construction, cement manufacturing, and production. These resources are chiefly obtained through surface mining methods, which require large equipment like excavators, crushing and screening machines, and haul trucks. The swift expansion of India’s urban infrastructure, including roads, buildings, and factories, has greatly boosted the demand for non-metallic minerals, and as a result, mining equipment. The emphasis on sustainable mining practices is promoting the uptake of energy-efficient machinery that reduces environmental impact while optimizing extraction procedures. Coal mining continues to be one of India’s most important mining sectors, as the nation is the second-largest producer and consumer of coal globally, mainly for power generation. Coal mining activities, whether surface or underground, depend on robust machinery like draglines, continuous miners, shuttle cars, and haul trucks. The expansion of India’s coal mining sector is propelled by the rising energy demands. Considered in this report • Geography: India • Historic Year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030

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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

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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.