India Mining Equipment Market Size, Share & Forecast 2033

India Mining Equipment Market Size, Share, Trends and Forecast by Type, Equipment, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29557

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India Mining Equipment Market Overview:

The India mining equipment market size reached USD 6.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.34 Billion by 2033, exhibiting a growth rate (CAGR) of 6.05% during 2025-2033. The rising mineral production, infrastructure projects, government initiatives, demand for automation, and sustainability-focused technologies are the factors propelling the growth of the market. Increasing coal, iron ore, and bauxite extraction, along with foreign investments and digitalization, further boost equipment demand across surface and underground mining operations.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 6.4 Billion
Market Forecast in 2033	USD 11.34 Billion
Market Growth Rate (2025-2033)	6.05%

India Mining Equipment Market Trends:

Expanding Demand for Advanced Mining Equipment

Rising mineral extraction activities and infrastructure development are driving the demand for technologically advanced machinery. Automation, electrification, and digital monitoring solutions are becoming integral to mining operations, improving efficiency and safety. Growing investments in underground and open-pit mining are fueling the adoption of high-performance drilling rigs, loaders, and haulage systems. Sustainable practices, including emission-reducing equipment, are gaining prominence as the industry moves toward greener operations. Increasing exploration of rare earth elements and critical minerals is further contributing to higher equipment sales. The market is experiencing steady expansion, supported by industrialization, rising commodity demand, and government policies promoting resource extraction. Continuous innovation and regional manufacturing capabilities are playing a crucial role in meeting the evolving needs of the sector. The global mining equipment market size reached USD 156.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 232.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.3% during 2025-2033.

Growing Localization in Mining Equipment Manufacturing

Mining operations are increasingly prioritizing domestically manufactured machinery to enhance efficiency and reduce dependency on imports. The shift aligns with government-led initiatives promoting local production, fostering industrial self-reliance. Advanced drilling rigs and haulage solutions are being integrated into large-scale extraction sites, optimizing performance and sustainability. Equipment manufacturers are expanding production facilities within key regions to meet rising demand, ensuring faster deployment and streamlined maintenance support for large mining projects. For instance, in June 2024, Epiroc secured a significant mining equipment order worth approximately SEK 215 Million from Hindustan Zinc Limited, the world's second-largest zinc producer. The equipment, including mine trucks and drilling rigs, would be deployed across various mines in Rajasthan, India. Notably, over half of these machines will be manufactured at Epiroc's Nashik facility, aligning with the "Make in India" initiative.

India Mining Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, equipment, and application.

Type Insights:

Excavators
Loaders
Dozers
Motor Graders
Dump Trucks
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes excavators, loaders, dozers, motor graders, dump trucks, and others.

Equipment Insights:

Underground Mining
Surface Mining
Crushing, Pulverizing and Screening
Drills and Breakers
Others

A detailed breakup and analysis of the market based on the equipment have also been provided in the report. This includes underground mining, surface mining, crushing, pulverizing and screening, drills and breakers, and others.

Application Insights:

Metal Mining
Mineral Mining
Coal Mining

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes metal mining, mineral mining, and coal mining.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Mining Equipment Market News:

In February 2025, India and Saudi Arabia collaborated to enhance the mining sector. Union Minister met Saudi Minister in New Delhi to discuss critical minerals, investments, and technology. The Geological Survey of India Training Institute was designated as a Centre of Excellence under the Future Minerals Forum, offering specialized training for geologists from Saudi Arabia, Africa, and Central Asia.
In May 2024, Sandvik secured a significant order valued at approximately SEK 345 Million from Hindustan Zinc Limited to supply underground mining equipment, including development drills, production drills, trucks, and loaders. This contract, building on their longstanding partnership, aims to enhance productivity, safety, and sustainability in Hindustan Zinc's operations.

India Mining Equipment Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Equipment Application Region
Types Covered	Excavators, Loaders, Dozers, Motor Graders, Dump Trucks, Others
Equipments Covered	Underground Mining, Surface Mining, Crushing, Pulverizing and Screening, Drills and Breakers, Others
Applications Covered	Metal Mining, Mineral Mining, Coal Mining
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India mining equipment market performed so far and how will it perform in the coming years?
What is the breakup of the India mining equipment market on the basis of type?
What is the breakup of the India mining equipment market on the basis of equipment?
What is the breakup of the India mining equipment market on the basis of application?
What are the various stages in the value chain of the India mining equipment market?
What are the key driving factors and challenges in the India mining equipment market?
What is the structure of the India mining equipment market and who are the key players?
What is the degree of competition in the India mining equipment market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India mining equipment market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India mining equipment market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India mining equipment industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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