Major Regions on Autonomous Mining Equipment and Vehicles Market

4 min read

Updated on 11/13/2024

The Autonomous Mining Equipment and Vehicles market is segmented into North America, Asia Pacific, South America and others.

The primary regions for the sales of Autonomous Mining Equipment and Vehicles are North America, Asia Pacific, and South America. In 2018, North America sold 21 units, Asia Pacific sold 137 units, and South America sold 28 units. By 2023, the sales in these regions are projected to be 60 units for North America, 320 units for Asia Pacific, and 72 units for South America. Asia Pacific is the leading region in terms of sales for autonomous mining equipment and vehicles, with a significant increase from 2018 to 2023.

 

2018

2019

2020

2021

2022

2023

North America

21

31

32

40

47

60

Asia Pacific

137

191

188

233

259

320

South America

28

39

40

50

57

72

Others

14

19

19

24

27

33

Total

200

280

279

347

390

485

In 2018, the market share for Autonomous Mining Equipment and Vehicles was distributed as follows: North America held 10.50%, Asia Pacific had the largest share at 68.50%, South America accounted for 14.00%, and other regions made up 7.00% of the market. By 2023, the projected market shares are: North America with 12.37%, Asia Pacific with a slightly decreased share at 65.98%, South America with 14.85%, and other regions at 6.80%. Asia Pacific continues to have the largest share, while other regions have the smallest share in the market.

 

2018

2019

2020

2021

2022

2023

North America

10.50%

11.07%

11.47%

11.53%

12.05%

12.37%

Asia Pacific

68.50%

68.21%

67.38%

67.15%

66.41%

65.98%

South America

14.00%

13.93%

14.34%

14.41%

14.62%

14.85%

Others

7.00%

6.79%

6.81%

6.92%

6.92%

6.80%

Total

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

The primary country for Autonomous Mining Equipment and Vehicles sales in North America is Canada. In 2018, the total sales in North America were 21 units, with Canada accounting for 18 units. By 2023, the total sales in North America had increased to 60 units, with Canada’s sales rising significantly to 52 units.

Figure North America Autonomous Mining Equipment and Vehicles Sales Market Share by Countries in 2018
Autonomous Mining Equipment and Vehicles

 

2018

2019

2020

2021

2022

2023

Canada

18

27

28

34

40

52

Others

3

4

4

6

7

8

Total

21

31

32

40

47

60

The primary country for Autonomous Mining Equipment and Vehicles sales in the Asia-Pacific region is Australia. In 2018, the total sales in the Asia-Pacific region were 137 units, with China accounting for 32 units and Australia for 99 units. By 2023, the total sales in the Asia-Pacific region had increased to 320 units, with China’s sales rising to 78 units and Australia’s sales significantly increasing to 226 units.

 

2018

2019

2020

2021

2022

2023

China

32

45

45

56

63

78

Australia

99

137

134

166

183

226

Others

6

9

9

11

13

16

Total

137

191

188

233

259

320

The primary country for Autonomous Mining Equipment and Vehicles sales in South America is Chile. In 2018, the total sales in South America were 28 units, with Brazil accounting for 10 units and Chile for 11 units. By 2023, the total sales in South America had increased to 72 units, with Brazil’s sales rising to 26 units and Chile’s sales increasing to 29 units.

 

2018

2019

2020

2021

2022

2023

Brazil

10

15

14

18

20

26

Chile

11

15

16

20

23

29

Others

7

9

10

12

14

17

Total

28

39

40

50

57

72

In 2024, the sales of Autonomous Mining Equipment and Vehicles by region are as follows: North America with 74 units, Asia Pacific with 384 units, South America with 87 units, and Others with 40 units. The total global sales are projected to be 585 units.

In 2029, the sales of Autonomous Mining Equipment and Vehicles by region are as follows: North America with 224 units, Asia Pacific with 966 units, South America with 245 units, and Others with 104 units. The total global sales are projected to be 1539 units.

 

2023

2024

2025

2026

2027

2028

2029

North America

60

74

95

120

148

184

224

Asia Pacific

320

384

476

576

684

828

966

South America

72

87

111

138

167

206

245

Others

33

40

50

61

72

88

104

Total

485

585

732

895

1071

1306

1539

In 2024, the sales share of Autonomous Mining Equipment and Vehicles by region is as follows: North America holds 12.65%, Asia Pacific accounts for 65.64%, South America has 14.87%, and Others represent 6.84%.

By 2029, the sales share is projected to be: North America with 14.55%, Asia Pacific with 62.77%, South America with 15.92%, and Others with 6.76%.

 

2023

2024

2025

2026

2027

2028

2029

North America

12.37%

12.65%

12.98%

13.41%

13.82%

14.09%

14.55%

Asia Pacific

65.98%

65.64%

65.03%

64.36%

63.87%

63.40%

62.77%

South America

14.85%

14.87%

15.16%

15.42%

15.59%

15.77%

15.92%

Others

6.80%

6.84%

6.83%

6.82%

6.72%

6.74%

6.76%

Total

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

The primary country for Autonomous Mining Equipment and Vehicles sales in North America is Canada. In 2024, the total sales in North America are projected to be 74 units, with Canada accounting for 64 units. By 2029, the total sales in North America are expected to reach 224 units, with Canada’s sales increasing significantly to 192 units.

 

2023

2024

2025

2026

2027

2028

2029

Canada

52

64

82

103

127

158

192

Others

8

10

13

17

21

26

32

Total

60

74

95

120

148

184

224

The primary country for Autonomous Mining Equipment and Vehicles sales in the Asia-Pacific region is Australia. In 2024, the total sales in the Asia-Pacific region are projected to be 384 units, with China accounting for 95 units and Australia for 270 units. By 2029, the total sales in the Asia-Pacific region are expected to reach 966 units, with China’s sales increasing to 249 units and Australia’s sales rising significantly to 665 units.

 

2023

2024

2025

2026

2027

2028

2029

China

79

95

119

145

174

212

249

Australia

225

270

333

401

474

572

665

Others

16

19

24

30

36

44

52

Total

320

384

476

576

684

828

966

The primary country for Autonomous Mining Equipment and Vehicles sales in South America is Chile. In 2024, the total sales in South America are projected to be 87 units, with Brazil accounting for 32 units and Chile for 35 units. By 2029, the total sales in South America are expected to reach 245 units, with Brazil’s sales increasing to 93 units and Chile’s sales rising to 97 units.

 

2023

2024

2025

2026

2027

2028

2029

Brazil

27

32

41

51

63

77

93

Chile

28

35

44

55

66

82

97

Others

17

20

26

32

38

47

55

Total

72

87

111

138

167

206

245

In 2022, North America’s Autonomous Mining Equipment and Vehicles market size was 236.10 M USD, which is projected to increase to 1125.61 M USD by 2029. The Asia Pacific region started at 1217.69 M USD in 2022 and is expected to grow to 4607.47 M USD by 2029. South America’s market size was 275.90 M USD in 2022 and is forecasted to reach 1203.08 M USD by 2029.

The CAGR for North America from 2022 to 2029 is 25.00%. The Asia Pacific region has a CAGR of 20.94% over the same period. South America’s CAGR stands at 23.41% from 2022 to 2029.

 

2022

2029

CAGR (2022-2029)

North America

236.10

1125.61

25.00%

Asia Pacific

1217.69

4607.47

20.94%

South America

275.90

1203.08

23.41%

Others

121.51

474.83

21.50%

Total

1851.20

7411.00

21.92%

Updated on 11/13/2024
Reports
Table Of Contents
en_USEnglish