Analysts’ Viewpoint
Middle East & Africa has an abundance of natural resources, including minerals and metals. Countries such as South Africa and Saudi Arabia have significant mineral deposits, making mining activities a crucial economic driver.
Adoption of advanced technologies to enhance efficiency, reduce costs, and improve overall productivity is fueling the Middle East & Africa (MEA) mining, material handling & mineral processing equipment market size.
Prominent companies are investing significantly in innovative technologies to gain a competitive edge in the market.
Surge in demand for critical minerals globally, ongoing exploration activities, and the discovery of new mining sites is projected to increase the demand for mining equipment.
Companies seeking to exploit new mineral resources will require appropriate machinery for extraction and processing, which is likely to fuel market progress.
The MEA region is witnessing steady growth in the mining, material handling, and mineral processing equipment market. Demand for minerals and metals, driven by infrastructure development, population growth, and rapid urbanization, is expected to offer lucrative opportunities for market expansion.
Governments in the MEA region are implementing policies and initiatives to attract investments in the mining sector. Transparent regulatory frameworks, tax incentives, and efforts to streamline permit processes contribute to a more favorable business environment.
Furthermore, companies are investing in automation, data analytics, and remote monitoring to enhance efficiency, reduce operational costs, and improve safety. With substantial reserves of oil and minerals, Saudi Arabia has been investing in the development of its mining sector.
The government's Vision 2030 initiative aims to diversify the economy away from the oil & gas sector, with the mining sector playing a crucial role.
Foreign Direct Investment (FDI) in the Middle East & Africa (MEA) region rings in significant capital, enabling the development and expansion of mining, material handling, and mineral processing operations. This capital infusion helps in acquiring advanced equipment and technologies necessary for efficient resource extraction and processing.
FDI also connects local mining equipment manufacturers and service providers to global markets. This integration provides access to a broader customer base and facilitates the export of equipment, contributing to the internationalization of the industry. It leads to joint ventures and collaborations between local companies and international firms.
This collaboration can result in technology & skills transfer, and the development of mutually beneficial business relationships. All these factors are likely to boost the Middle East & Africa (MEA) mining, material handling & mineral processing equipment market growth.
Historically, the major source of revenue for the economy of the GCC region has been the oil & gas industry. This resulted in majority of the region’s mineral deposits majorly remaining unexplored. The potential value of Saudi Arabia’s mineral reserves is reported to be worth approximately US$ 1.3 trillion.
However, in recent years, the GCC has decided to diversify its economies and decrease reliance on the oil & gas industry. GCC has increased funding in non-oil sectors such as mining or extraction of mineral deposits such as copper, gold, silver, iron ore, and bauxite.
The GCC mining industry is expected to witness higher growth due to the inflow of investments, enabling substantial market development in the long run.
As per the Middle East & Africa (MEA) mining, material handling & mineral processing equipment market analysis, open cast mining is expected to dominate based on end-use. Many countries in the MEA region have significant surface deposits of minerals and metals, making open cast mining a viable and efficient method for extraction.
Surface mining is particularly well-suited for deposits near the earth's surface. Open cast mining is ideal for large-scale resource extraction, which is common in the MEA region. This method allows for the efficient extraction of substantial quantities of minerals and metals needed for various industries.
Open cast mining is often considered more cost-effective than underground mining methods, especially when dealing with large, near-surface deposits. This economic advantage makes it a preferred choice for resource extraction in the MEA region.
According to the latest Middle East & Africa (MEA) mining, material handling, and mineral processing equipment market forecast, South Africa is the leading country in the region.
South Africa is rich in various mineral resources, including gold, platinum, diamonds, manganese, and coal. It has a well-established and mature mining industry with a history dating back to the late 19th century.
Furthermore, the country has a robust infrastructure that supports mining operations, making it a key market for mining equipment. The diverse range of minerals contributes to a thriving mining sector and a consistent demand for mining equipment.
The mining industry has a significant impact on South Africa's economy, contributing to employment, government revenue, and foreign exchange earnings. This economic significance reinforces the country's role as a leading player in the Middle East & Africa (MEA) mining, material handling, and mineral processing equipment industry.
Presence of major global players and industry leaders contributes to the perception of consolidation of the Middle East & Africa (MEA) mining, material handling, and mineral processing equipment market share.
Large multinational companies offer a comprehensive range of mining and mineral processing equipment, influencing the overall market structure.
Caterpillar, Hitachi Construction Machinery Co. Ltd., Komatsu, Konecranes, Metso Outotec, Sandvik AB, SANY Heavy Industry Co. Ltd., FLSmidth & Co. A/S and Epiroc AB are the prominent Middle East & Africa (MEA) mining, material handling, and mineral processing equipment market manufacturers.
Each of these players have been profiled in the Middle East & Africa (MEA) mining, material handling, and mineral processing equipment industry research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments
| Attribute | Detail |
|---|---|
| Market Size Value in 2022 | US$ 276.6 Mn |
| Market Forecast Value in 2031 | US$ 448.0 Mn |
| Growth Rate (CAGR) | 5.4% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2020 |
| Quantitative Units | US$ Mn For Value |
| Market Analysis | It includes cross segment analysis at Middle East & Africa (MEA) level as well as country level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Region Covered |
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| Companies Profiled (Potential Manufacturers) |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
It was valued at US$ 276.6 Mn in 2022
it is expected to grow at a CAGR of 5.4% from 2023 to 2031
Foreign Direct Investment (FDI) in Africa and increase in government investment in mining infrastructure development in the Middle East region
Open cast mining held the largest share based on end-use in 2022
Caterpillar, Konecranes, Komatsu, Hitachi Construction Machinery Co. Ltd., Metso Outotec, Sandvik AB, SANY Heavy Industry Co. Ltd., and Epiroc AB
1. Executive Summary
1.1. MEA Market Outlook
1.2. Demand Side Trends
1.3. Key Facts and Figures
1.4. Trends Impacting Market
2. Go to Market Strategy
2.1. Market Segmentation
2.2. Market Drivers
2.3. New Technologies, Innovations & Upgrades
2.4. Government Policies & Regulations
2.5. Investment Trends in Middle East & Africa
3. Africa Mining, Material Handling & Mineral Processing Equipment Market Analysis and Forecast, by Service, 2023-2031
3.1. Africa Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Service, 2023-2031
3.1.1. Mining
3.1.2. Material Handling
3.1.3. Mineral Processing
4. Africa Mining, Material Handling & Mineral Processing Equipment Market Analysis and Forecast, by Equipment, 2023-2031
4.1. Africa Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Equipment, 2023-2031
4.1.1. Mining Equipment
4.1.1.1. Excavators and Shovels
4.1.1.2. Truck
4.1.1.3. Dozers
4.1.1.4. Surface Miner Equipment
4.1.1.5. Bucket Wheel & Compact Bucket Wheel Excavators
4.1.1.6. Others
4.1.2. Material Handling Equipment
4.1.2.1. Conveyor (Trough Conveyors)
4.1.2.2. Conveyor (Pipe Conveyors)
4.1.2.3. Conveyor (Overland Belt Conveyors)
4.1.2.4. High Angle Conveyors
4.1.2.5. Hoppers and Silos
4.1.2.6. In-pit Crushing and Conveying
4.1.2.7. Wagon Tipplers
4.1.2.8. Mobile Reclaimer & Spreaders
4.1.2.9. Barrel Reclaimers
4.1.2.10. High Capacity Portal & Semi Portal Reclaimers
4.1.2.11. Paddle Feeders and Trippers
4.1.2.12. Separation and Weighing
4.1.2.13. Shiploaders, Ship-unloaders, and Other Equipment for Ports
4.1.2.14. Crane Lifts
4.1.2.15. Shipyard Cranes/ Ship Building Cranes
4.1.2.16. Stacker
4.1.2.17. Others
4.1.3. Mineral Processing Equipment
4.1.3.1. Crusher/Grinder
4.1.3.2. Screeners
4.1.3.3. Roll Sizers
4.1.3.4. FGD Wet Ball Mills
4.1.3.5. Granulators/Pelletizers
4.1.3.6. Dryers
4.1.3.7. Kilns
4.1.3.8. Others
5. Africa Mining, Material Handling & Mineral Processing Equipment Market Analysis and Forecast, End-use, 2023-2031
5.1. Africa Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by End-use, 2023-2031
5.1.1. Open Cast Mining
5.1.1.1. Coal
5.1.1.2. Ferrous
5.1.1.3. Non Ferrous
5.1.2. Underground Mining
5.1.2.1. Coal
5.1.2.2. Ferrous
5.1.2.3. Non Ferrous
5.1.3. Power
5.1.4. Fertilizer
5.1.5. Oil & Gas and Refinery
5.1.6. Coal Gasification
5.1.7. Port & Ship Building
5.1.8. Cement
5.1.9. Construction
5.1.10. Other Heavy Industry
6. Middle East Mining, Material Handling & Mineral Processing Equipment Market Analysis and Forecast, by Service, 2023-2031
6.1. Middle East Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Service, 2023-2031
6.1.1. Mining Equipment
6.1.2. Material Handling
6.1.3. Mineral Processing
7. Middle East Mining, Material Handling & Mineral Processing Equipment Market Analysis and Forecast, by Equipment, 2023-2031
7.1. Middle East Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Equipment, 2023-2031
7.1.1. Mining Equipment
7.1.1.1. Excavators and Shovels
7.1.1.2. Truck
7.1.1.3. Dozers
7.1.1.4. Surface Miner Equipment
7.1.1.5. Bucket Wheel & Compact Bucket Wheel Excavators
7.1.1.6. Others
7.1.2. Material Handling Equipment
7.1.2.1. Conveyor (Trough Conveyors)
7.1.2.2. Conveyor (Pipe Conveyors)
7.1.2.3. Conveyor (Overland Belt Conveyors)
7.1.2.4. High Angle Conveyors
7.1.2.5. Hoppers and Silos
7.1.2.6. In-pit Crushing and Conveying
7.1.2.7. Wagon Tipplers
7.1.2.8. Mobile Reclaimer & Spreaders
7.1.2.9. Barrel Reclaimers
7.1.2.10. High Capacity Portal & Semi Portal Reclaimers
7.1.2.11. Paddle Feeders and Trippers
7.1.2.12. Separation and Weighing
7.1.2.13. Shiploaders, Ship-unloaders and Other Equipment for Ports
7.1.2.14. Crane Lifts
7.1.2.15. Shipyard Cranes/ Ship Building Cranes
7.1.2.16. Stacker
7.1.2.17. Others
7.1.3. Mineral Processing Equipment
7.1.3.1. Crusher/Grinder
7.1.3.2. Screeners
7.1.3.3. Roll Sizers
7.1.3.4. FGD Wet Ball Mills
7.1.3.5. Granulators/Pelletizers
7.1.3.6. Dryers
7.1.3.7. Kilns
7.1.3.8. Others
8. Middle East Mining, Material Handling & Mineral Processing Equipment Market Analysis and Forecast, End-use, 2023-2031
8.1. Middle East Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by End-use, 2023-2031
8.1.1. Open Cast Mining
8.1.1.1. Coal
8.1.1.2. Ferrous
8.1.1.3. Non Ferrous
8.1.2. Underground Mining
8.1.2.1. Coal
8.1.2.2. Ferrous
8.1.2.3. Non Ferrous
8.1.3. Power
8.1.4. Fertilizer
8.1.5. Oil & Gas and Refinery
8.1.6. Coal Gasification
8.1.7. Port & Ship Building
8.1.8. Cement
8.1.9. Construction
8.2. Other Heavy Industry
9. Competition Landscape
9.1. Caterpillar
9.1.1. Company Overview
9.1.2. Recent Developments
9.1.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.1.4. Manufacturing Facility & Office Locations
9.2. FLSmidth & Co. A/S
9.2.1. Company Overview
9.2.2. Recent Developments
9.2.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.2.4. Manufacturing Facility & Office Locations
9.3. Hitachi Construction Machinery Co. Ltd.
9.3.1. Company Overview
9.3.2. Recent Developments
9.3.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.3.4. Manufacturing Facility & Office Locations
9.4. Konecranes
9.4.1. Company Overview
9.4.2. Recent Developments
9.4.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.4.4. Manufacturing Facility & Office Locations
9.5. MechProTech (Pty) Ltd
9.5.1. Company Overview
9.5.2. Recent Developments
9.5.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.5.4. Manufacturing Facility & Office Locations
9.6. Terex Corporation
9.6.1. Company Overview
9.6.2. Recent Developments
9.6.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.6.4. Manufacturing Facility & Office Locations
9.7. Weir Group
9.7.1. Company Overview
9.7.2. Recent Developments
9.7.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.7.4. Manufacturing Facility & Office Locations
9.8. Sany Heavy Industry Co., Ltd.
9.8.1. Company Overview
9.8.2. Recent Developments
9.8.3. Data for Outsourcing Parties and Mergers & Acquisitions
9.8.4. Manufacturing Facility & Office Locations
List of Tables
Table 1: Africa Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Service, 2022-2031
Table 2: Africa Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Equipment, 2022-2031
Table 3: Africa Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by End-use, 2022-2031
Table 4: Middle East Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Service, 2022-2031
Table 5: Middle East Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by Equipment, 2022-2031
Table 6: Middle East Mining, Material Handling & Mineral Processing Equipment Market Value (US$ Mn) Forecast, by End-use, 2022-2031
List of Figures
Figure 1: Africa Mining, Material Handling & Mineral Processing Equipment Market Volume Share Analysis, by Service, 2022, 2027, and 2031
Figure 2: Africa Mining, Material Handling & Mineral Processing Equipment Market Attractiveness, by Service
Figure 3: Africa Mining, Material Handling & Mineral Processing Equipment Market Volume Share Analysis, by Equipment, 2022, 2027, and 2031
Figure 4: Africa Mining, Material Handling & Mineral Processing Equipment Market Attractiveness, by Equipment
Figure 5: Africa Mining, Material Handling & Mineral Processing Equipment Market Volume Share Analysis, by End-use, 2022, 2027, and 2031
Figure 6: Africa Mining, Material Handling & Mineral Processing Equipment Market Attractiveness, by End-use
Figure 7: Middle East Mining, Material Handling & Mineral Processing Equipment Market Volume Share Analysis, by Service, 2022, 2027, and 2031
Figure 8: Middle East Mining, Material Handling & Mineral Processing Equipment Market Attractiveness, by Service
Figure 9: Middle East Mining, Material Handling & Mineral Processing Equipment Market Volume Share Analysis, by Equipment, 2022, 2027, and 2031
Figure 10: Middle East Mining, Material Handling & Mineral Processing Equipment Market Attractiveness, by Equipment
Figure 11: Middle East Mining, Material Handling & Mineral Processing Equipment Market Volume Share Analysis, by End-use, 2022, 2027, and 2031
Figure 12: Middle East Mining, Material Handling & Mineral Processing Equipment Market Attractiveness, by End-use
Figure 13: Middle East Mining, Material Handling & Mineral Processing Equipment Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031
Figure 14: Middle East Mining, Material Handling & Mineral Processing Equipment Market Attractiveness, by Country and Sub-region
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Middle East & Africa (MEA) Mining, Material Handling & Mineral Processing Equipment Market
