| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 24.62 Billion |
| Market Size (2030) | USD 31.95 Billion |
| CAGR (2025 - 2030) | 5.35 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mineral Processing Equipment Market Analysis
The Mineral Processing Equipment Market size is estimated at USD 24.62 billion in 2025, and is expected to reach USD 31.95 billion by 2030, at a CAGR of 5.35% during the forecast period (2025-2030).
Over the medium term, globally, advancements in mining machinery and equipment have increased the production of minerals such as iron, copper, and other ores. This growth has seen large-scale expansions and projects. With the increase in infrastructure and manufacturing sectors, the demand for mining equipment has increased, resulting in an augmented level of mining activity in various regions.
Rising demand for metals such as steel, iron, and aluminum across infrastructure sectors is likely to increase the demand for mineral processing equipment during the forecast period. Moreover, stringent safety regulations in mining sectors have spurred the innovation of autonomous mining machinery. Furthermore, the imperative to mitigate emissions in enclosed mines, where ventilation is limited and poses respiratory risks to miners, has propelled the advancement of electric and hybrid mineral equipment.
Prioritizing user experience, manufacturers of mineral processing machinery are dedicated to crafting intuitive and user-friendly interfaces that optimize convenience and satisfaction for remotely overseeing and controlling large-scale mining equipment. These combined factors ensure that mineral machinery aligns with evolving operational requirements while placing the utmost emphasis on safety and user satisfaction. However, challenges like the difficulty involved in developing and expanding mining activity, strict government regulations such as environmental concerns, an increase in the cost of mining, and safety standards can restrain the market's growth.
Mineral Processing Equipment Market Trends
Iron is Poised to be the Fastest-growing Segment Over the Forecast Period
Iron is critically essential for the construction and other manufacturing industries. In the construction industry, 90% of all refined metal is accounted for by steel. However, falling ore grades and high production costs are hindering production in some parts of the world.
- In 2023, the total volume of usable iron ore produced worldwide amounted to an estimated 2.5 billion metric tons. The leading iron ore-producing country that year was Australia, which produced 960 million metric tons of usable iron ore.
Iron production in Brazil and Australia witnessed a massive increase, with companies investing in new mines to replace older ones. For instance, BHP approved USD 4 billion for iron ore-related projects in Western Australia, indicating growth for iron ore processing equipment.
- In 2023, Anglo American produced around 36 million metric tons (wet basis) of iron ore in the Kumba mine, South Africa. Anglo-American is a multinational mining company headquartered in Johannesburg and London.
Owing to the growing demand for iron ore across the world, several mineral processing equipment companies are securing various iron processing equipment projects to remain at the forefront of the competitive race. For instance,
- In January 2024, TAKRAF, a renowned provider of cutting-edge technological solutions for the mining sector, successfully secured a significant contract with Société Nationale Industrielle et Minière (SNIM) for the provision of a comprehensive iron ore processing and handling system, including crushing, screening, and material handling facilities, as well as a train loading station for the F'Derick project in Mauritania.
The increasing demand for these metals will lead to rising mining activity, which may help drive the demand for new mineral processing equipment over the forecast period.
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Asia-Pacific is Expected to Hold a Significant Market Share
Asia-Pacific stands as the primary market for mineral processing equipment, led by countries such as China, Australia, India, and Japan, with China alone accounting for over 50% of the market demand in 2023. This dominance is attributed to the region's abundance of active mines and the growing trend of repurposing unused mine sites for exportation. In addition, the region is experiencing heightened demand for metals and minerals driven by industrial and infrastructure development initiatives. For instance,
- In February 2024, India's index of mineral production rose to 139.6, 8% higher than the level recorded in February 2023. The cumulative growth of this index for the 11 months from April to February of FY24 over the corresponding period of the previous year was 8.2%.
- Iron ore production in the country increased from 230 MMT during the 11-month period from April to February of FY23 to 252 MMT during the corresponding period of FY24, at a 9.6% growth rate.
- In 2023, an estimated 280 MMT of iron ore was extracted in China. China is the third-largest producer of iron ore in the world. China's significant reserves of lithium, essential for lithium-ion batteries used in electric vehicles, have spurred increased extraction efforts, necessitating the adoption of advanced mineral processing machinery for efficient and safe processing. Moreover, the escalating demand for various minerals and precious metals like coal, copper, bauxite, gold, uranium, and nickel has prompted the adoption of sophisticated processing equipment to enhance extraction capabilities.
The rise in production of minerls across the region is likely to increase the demand for mineral processing equipment during the forecast period.
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Mineral Processing Equipment Industry Overview
The mineral processing equipment market comprises global players such as FLSmidth & Co. A/S, Komatsu Ltd, Metso Oyj, FEECO International, Inc., and Multotec Pty Ltd. Several equipment manufacturers are making joint ventures and partnerships and launching new products with advanced technology to have an edge over their competitors. For instance,
- In June 2023, Epiroc AB completed the purchase of the key assets of Schramm Australia, a major manufacturer of products for reverse circulation (RC) mining drilling. The assets include intellectual property, two production facilities near Perth, and two service centers located in Queensland and South Australia. Epiroc will employ Schramm Australia's employees.
- In April 2023, FLSmidth secured an order worth USD 50.85 million for mineral processing equipment for a gold mine in the Middle East. The equipment delivered by FLSmidth is among the most efficient in the world. When installed, the technology allows the mine to extract gold with reduced impact on the environment.
- In May 2022, Sandvik AB acquired the mining-related business of Schenck Process Group (SP Mining). Through this acquisition, SP Mining reported in Stationary Crushing and Screening, a division of Sandvik Rock Processing Solutions (SRP).
Mineral Processing Equipment Market Leaders
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FLSmidth A/S
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Komatsu Ltd
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Metso Outotec
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FEECO International, Inc.
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TAKRAF GmbH
- *Disclaimer: Major Players sorted in no particular order
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Mineral Processing Equipment Market News
- March 2024: TAKRAF, a prominent player in bulk material handling solutions, reaffirmed its strategic partnership with ABB, a global leader in electrification and automation technology. This renewal focuses on the continued deployment of the gearless conveyor drive (GCD) technology, which is aimed at fostering a more sustainable and resource-efficient future. This initiative underscores the commitment of both entities to advancing sustainability in the mineral processing equipment market.
- July 2023: The Canadian mining company First Quantum Minerals (FQM) purchased mineral processing equipment from Metso for its Kansanshi copper mine S3 expansion project in Zambia. This order, valued at over EUR 20 million (USD 22.35 million), was officially recorded in the company's second-quarter order intake.
Mineral Processing Equipment Industry Segmentation
Mineral processing equipment is designed to separate ores and mineral products from rock and gangue. It is used in a process wherein ores undergo processing to yield a more concentrated material.
The mineral processing equipment market is segmented into the mineral mining sector, equipment, and geography. Based on the mineral mining sector, the market is segmented into bauxite, iron, lithium, and others. By equipment, the market is segmented into crushers, feeders, conveyors, drills and breakers, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
For each segment, the market sizing and forecast have been done on the basis of value (USD).
| By Mineral Mining Sector | Bauxite | ||
| Iron | |||
| Lithium | |||
| Others | |||
| By Equipment | Crushers | ||
| Feeders | |||
| Conveyors | |||
| Drills and Breakers | |||
| Others | |||
| Geography | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | India | ||
| China | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | South America | ||
| Middle East and Africa | |||
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Mineral Processing Equipment Market Research FAQs
How big is the Mineral Processing Equipment Market?
The Mineral Processing Equipment Market size is expected to reach USD 24.62 billion in 2025 and grow at a CAGR of 5.35% to reach USD 31.95 billion by 2030.
What is the current Mineral Processing Equipment Market size?
In 2025, the Mineral Processing Equipment Market size is expected to reach USD 24.62 billion.
Who are the key players in Mineral Processing Equipment Market?
FLSmidth A/S, Komatsu Ltd, Metso Outotec, FEECO International, Inc. and TAKRAF GmbH are the major companies operating in the Mineral Processing Equipment Market.
Which is the fastest growing region in Mineral Processing Equipment Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Mineral Processing Equipment Market?
In 2025, the Asia-Pacific accounts for the largest market share in Mineral Processing Equipment Market.
What years does this Mineral Processing Equipment Market cover, and what was the market size in 2024?
In 2024, the Mineral Processing Equipment Market size was estimated at USD 23.30 billion. The report covers the Mineral Processing Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mineral Processing Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Mineral Processing Equipment Industry Report
Statistics for the 2025 Mineral Processing Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mineral Processing Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
