Mineral Processing Equipment Market Size - By Equipment Type (Crushers, Feeders, Conveyors, Separators), By Application (Metal Ore Processing, Industrial Mineral Processing, Rare Earth Mineral Processing), Mobility, End-use & Forecast, 2023 - 2032

Mineral Processing Equipment Market Size

Mineral Processing Equipment Market was valued at USD 20.1 billion in 2022 and is estimated to register a CAGR of over 4.5% between 2023 and 2032, due to the surge in mineral production. Increased demand for minerals necessitates efficient processing methods, spurring the need for advanced equipment. As mining activities expand, the market for processing machinery experiences a proportional rise, with industries relying on these tools to enhance extraction, refining, and separation processes, ultimately contributing to market growth.

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The escalating need to enhance ore value by eliminating gangue minerals is a pivotal factor for the market growth. As industries seek to optimize ore quality and extract valuable minerals efficiently, the demand for advanced processing equipment rises. Specialized machinery, such as crushers and separators, becomes essential for the precise removal of gangue, contributing to increased market growth as mining operations prioritize methods that maximize the economic value of extracted ores.

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The mineral processing equipment market encounters a substantial hurdle in high initial costs. The acquisition and installation of sophisticated processing machinery demand significant upfront investments, deterring potential entrants and impacting the expansion plans of existing players. This financial barrier can impede the adoption of advanced technologies and limit the accessibility of modern equipment, particularly for smaller mining operations. Strategic financial planning and innovative financing models are required to make these technologies more accessible to a broader range of stakeholders.
COVID-19 Impact

The mineral processing equipment market faced adverse effects due to the COVID-19 pandemic. Disruptions in the global supply chain, labor shortages, and lockdowns led to project delays and a slowdown in mining activities. Travel restrictions and economic uncertainties further hampered investments in new equipment. The pandemic-induced challenges contributed to a decline in the demand for mineral processing equipment, negatively impacting the market growth during the outbreak.

Mineral Processing Equipment Market Trends

The surge in demand for sustainable equipment, aimed at minimizing the environmental impacts, is a key factor propelling the mineral processing equipment industry. As industries prioritize eco-friendly practices, the adoption of sustainable processing solutions gains momentum. The trend of advanced automation is revolutionizing the mineral processing equipment business. The integration of sophisticated automation and control systems optimizes operational processes, leading to increased efficiency and cost savings. Automation facilitates precise control of various stages in mineral processing, enabling real-time adjustments and reducing manual interventions.

Mineral Processing Equipment Market Analysis

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The mining sector held around 42% of the market share in 2022, propelled by the rising global demand for minerals. Fueled by industrial expansion, infrastructure projects, and technological advancements, there is an escalating need for various minerals. This demand spurs mining activities worldwide, necessitating efficient & advanced processing equipment to extract, refine, and prepare minerals for diverse industries. The mining sector is responding to this demand by investing in the state-of-the-art equipment, fostering segment growth.

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Based on the equipment type, the crushers segment captured more than 34% of the market share in 2022. On account of the advanced technologies. Innovations in crusher design and functionality including increased automation, precision, and energy efficiency contribute to enhanced processing capabilities. For instance, in May 2023, SBM Mineral Processing, an expert in crushing equipment from Austria, introduced its latest REMAX 600 track-mounted crusher. This mobile crusher has a maximum production capacity of 600 tons/h and can provide up to five fractions in a single cycle due to its effective pre-screening, triple air classifying, and highly efficient magnetic separation features.

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Asia Pacific dominated the global mineral processing equipment market with a major share of over 45% in 2022. Driven by the region's expanding mining activities, with increased exploration & extraction efforts contributing to a higher demand for advanced processing machinery. Government initiatives, such as supportive policies, incentives, and investments in the mining sector, encourage innovations and development. The synergy between expanding mining activities and government-driven initiatives underscores the dynamic landscape for the mineral processing equipment in Asia Pacific.

Mineral Processing Equipment Market Share

The major players operating in the mineral processing equipment industry are

• Astec Industries, Inc.
• Caterpillar Inc.
• Derrick Corporation
• Eagle Crusher
• FEECO International, Inc.
• FLSmidth A/S
• Kemper Equipment
• Kleemann GmbH
• Komatsu Ltd.
• McLanahan Corporation
• Metso Corporation
• Multotec Pty Ltd.
• Sandvik AB

Major players in the mineral processing equipment business strive for market share by prioritizing sustainable equipment. They invest in the development of eco-friendly technologies, emphasizing reduced environmental impacts and energy efficiency, to align with industry trends and meet the growing demand for sustainable solutions.

Mineral Processing Equipment Industry News

• In October 2023, Sandvik Mobile Crushers and Screens developed a fully-electric crushing solution derived from its CJ412 jaw crusher. Constructed on a novel 'fully electric' track platform, the Sandvik UJ443E incorporates top-notch components and includes the latest-generation Sandvik CJ412 jaw crusher, ensuring high quality and reliability.

This mineral processing equipment market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD billion) and shipment (units) from 2018 to 2032, for the following segments

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Market, By Equipment Type

• Crushers
• Feeders
• Conveyors
• Drills & breakers
• Dewatering equipment
• Separators
• Others

Market, By Application

• Metal ore processing
• Non-metallic mineral processing
• Industrial mineral processing
• Rare earth mineral processing

Market, By Mobility

• Stationary
• Portable
• Mobile

Market, By End-user Industry

• Mining
• Metallurgy
• Construction
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia