North America Mining Equipment Market Share

Statistics for the 2023 & 2024 North America Mining Equipment market share, created by Mordor Intelligence™ Industry Reports. North America Mining Equipment share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of North America Mining Equipment Industry

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

*Disclaimer: Major Players sorted in no particular order

North America Mining Equipment Market Concentration

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