Australia Mining Equipment Market Size, Share and Outlook - Growth Analysis Report and Forecast Trends (2026-2035)

Market Overview

The Australia mining equipment market is being reshaped rather than slowed. Iron ore prices are easing, yet copper, gold and critical minerals projects are absorbing new machines, and older diesel fleets are being replaced by autonomous, electric and remotely operated equipment.

Three forces are shaping demand: record resource export earnings that fund fleet renewal, labour scarcity and safety targets that favour autonomy, and decarbonisation commitments that push buyers towards battery-electric drills and trucks. Aftermarket parts and rebuilds, tied to a very large installed fleet, provide a steady base beneath new machine orders.

In April 2025 Epiroc won its largest order ever, worth about A$350 million, from Fortescue. In March 2026 Caterpillar renewed autonomous haulage at three Fortescue operations, and in June 2026 Sandvik booked about SEK 350 million of underground equipment from Barminco.

Key Market Trends and Insights

• Strong resource earnings: The Department of Industry's June 2026 Resources and Energy Quarterly forecasts export earnings of A$416 billion for the year to June 2027, which keeps miners funding fleet renewal.
• Western Australian investment: The state's resources department reported in May 2026 that mining and petroleum investment reached a decade-high A$34 billion, with iron ore sales of A$126 billion.
• Autonomy at scale: Komatsu commissioned its 1,000th ultra-class autonomous haul truck in April 2026, confirming that driverless haulage is now a mainstream purchase for large surface miners.
• Underground buying: Sandvik booked about SEK 350 million of loaders, trucks and drill rigs from Barminco for the Bellevue gold project, with deliveries running from the third quarter of 2026.

Australia Mining Equipment Market Size and Forecast

The market is moving from conventional diesel fleets towards autonomous, remotely operated and battery-electric equipment supported by long-term service agreements. Haul trucks lead in value because each large mine runs dozens of units, while drilling and blasting rigs advance fastest as miners automate pit preparation. Copper and critical minerals outgrow iron ore and coal as electrification demand lifts new projects, and mining contractors gain share as they buy fleets for gold and base metal mines. Western Australia remains the largest region, and South Australia grows quickest on copper expansion. Local fabrication, wear-part supply and dealer support will matter as much as machine specifications, because miners now judge suppliers on uptime, emissions and safety outcomes across the full fleet life.

Key Takeaways: Australia Mining Equipment Market

Resource Earnings Anchor Long-Term Demand

Revenue is on course to expand by about 57% across the decade, from USD 9.40 billion in 2025 to USD 14.74 billion in 2035 at a 4.6% CAGR. Western Australia alone recorded A$226 billion of mineral and petroleum sales in 2025, and miners continue to reinvest in fleets and aftermarket support.

Drilling and Critical Minerals Lead Growth

Haul Trucks hold the largest share, but Drilling and Blasting Rigs grow at an estimated 5.8% CAGR and Copper and Critical Minerals at an estimated 6.2% CAGR through 2035. Epiroc's A$350 million Fortescue order and BHP's Olympic Dam works show where new machine spending is heading.

Autonomy and Electrification Reset Fleet Choices

Buyers now weigh automation, emissions and service coverage alongside price. Large miners are renewing autonomous haulage contracts, while contractors and mid-tier producers modernise underground and surface fleets.

• Caterpillar renewed MineStar Command at three Fortescue operations in March 2026
• Komatsu commissioned its 1,000th autonomous ultra-class truck in April 2026
• Sandvik won about SEK 350 million of Barminco underground orders in June 2026

Australia Mining Equipment Market Report Summary

Key Insight

Demand is shifting towards autonomous, electric and remotely operated machines as miners renew ageing fleets. Western Australia leads, while South Australia grows fastest on copper expansion.

Key Trends in the Australia Mining Equipment Market

The Australia mining equipment market is being reshaped by regional show launches, copper expansion, underground fleet orders and record state investment.

July 2026 - Hitachi Construction Machinery Australia Showcases EX1200-7 BH at QME 2026

• A trade report dated 20 July 2026 said Hitachi Construction Machinery Australia would display the EX1200-7 BH excavator at QME in Mackay, Queensland.
• The backhoe is built for heavy overburden removal and ore loading in high-production truck and shovel operations.
• A planned rebrand to LANDCROS in April 2027 signals continued local investment in dealer and parts support.

July 2026 - BHP Advances Olympic Dam Underground Growth Projects

• Mining Weekly reported on 17 July 2026 that BHP is investing more than A$840 million in Olympic Dam projects, including a new decline and paste backfill.
• The plan adds six locomotives and extends the underground electric rail network from 4.85 kilometres to over 6 kilometres.
• These works raise demand for underground haulage, drilling and ground support equipment in South Australia.

June 2026 - Sandvik Wins SEK 350 Million Order for Bellevue Gold Project

• Sandvik announced on 15 June 2026 that contractor Barminco ordered underground loaders, trucks and drill rigs for the Bellevue Gold Project in Western Australia.
• Deliveries are expected from the third quarter of 2026 to the first quarter of 2027, with rock tools, parts and services included.
• Contractor-led buying shows underground fleets are being financed by service providers rather than gold producers alone.

May 2026 - Western Australia Reports Decade-High Mining and Petroleum Investment

• The Western Australian Government said on 28 May 2026 that mineral and petroleum sales reached A$226 billion in 2025.
• Iron ore contributed A$126 billion, and mineral exploration spending hit a record A$2.7 billion.
• Record exploration points to a pipeline of new mines that will need drills, loaders and haulage fleets.

Key Insight

Regional equipment shows, copper expansion and contractor-led underground orders are the main structural forces, while softer iron ore prices remain the main risk to surface fleet spending.

Recent Market Developments in the Australia Mining Equipment Market

Recent developments, presented from the most recent, show autonomy milestones, contractor extensions, agreement renewals and coal fleet supply deals.

April 2026 - Komatsu Commissions Its 1,000th Ultra-Class Autonomous Haul Truck

• Mining Weekly reported on 22 April 2026 that Komatsu commissioned a 930E-5AT at Nevada Gold Mines for Barrick.
• Komatsu said its FrontRunner system also runs at mine sites in Australia, and customers have moved more than 11.5 billion tonnes.
• Scale of this kind lowers risk for Australian buyers weighing autonomous fleet conversions.

April 2026 - Perenti Extends Duketon Underground Contract with Regis Resources

• Mining Weekly reported on 8 April 2026 that Barminco, a Perenti subsidiary, secured a 12-month extension worth about A$180 million.
• The contract now runs to at least March 2029 and needs no additional growth capital.
• Longer contract terms give contractors confidence to renew underground fleets.

March 2026 - Caterpillar and Fortescue Renew Autonomous Haulage Agreement

• Caterpillar announced on 23 March 2026 that it will keep supplying and operating Cat MineStar Command at three Fortescue operations in Western Australia.
• The Pilbara network exports almost 200 million tonnes of iron ore a year through a 760 kilometre rail link to Port Hedland.
• The renewal ties the system to Fortescue's 2030 Real Zero Target.

August 2025 - Liebherr Australia Signs First-Phase Fleet Deal with Glencore Coal

• Liebherr announced on 18 August 2025 a first phase of 17 excavators, including 10 R 9600 and 5 R 9400 machines, for Glencore.
• Machines go to Hail Creek and Rolleston in Queensland and four Hunter Valley sites in New South Wales, with deliveries through 2026.
• Further units are planned for 2027, supported by branches at Mount Thorley and Mackay.

Key Insight

Autonomy milestones, contractor contract extensions and large coal excavator supply deals show suppliers positioning for automation, local service coverage and long fleet lives throughout the forecast period.

Australia Mining Equipment Industry Segmentation

The Expert Market Research’s report on the Australia Mining Equipment Market offers a detailed analysis of the market based on the following segments.

Market Breakup by Equipment Type

• Haul Trucks
• Excavators and Loaders
• Drilling and Blasting Rigs
• Crushing, Screening and Conveying Equipment
• Others

Haul Trucks lead on value, in our estimate, because large pits run dozens of units and Caterpillar renewed autonomous haulage at three Fortescue operations in March 2026. Excavators and Loaders follow, with Liebherr's August 2025 supply of 17 excavators to Glencore and Hitachi's EX1200-7 BH display in July 2026. Drilling and Blasting Rigs grow fastest at an estimated 5.8% CAGR through 2035, backed by Epiroc's A$350 million Fortescue order of April 2025. Crushing, Screening and Conveying Equipment grows steadily with processing capacity additions. Others include dozers, graders, ground support and wear parts, such as those supplied by Austin Engineering.

Market Breakup by Commodity

• Iron Ore
• Coal
• Gold
• Copper and Critical Minerals
• Others

Iron Ore leads, in our estimate, with A$126 billion of Western Australian sales in 2025 and the fleets that move them. Coal is the second major buyer, led by Queensland and Hunter Valley fleet purchases such as Glencore's Liebherr programme. Gold grows briskly on deep underground ramp-ups, with Sandvik's June 2026 order for Bellevue. Copper and Critical Minerals grows fastest at an estimated 6.2% CAGR through 2035, as BHP commits more than A$840 million to Olympic Dam in July 2026. Others cover lithium, nickel, mineral sands and quarrying, which move with price cycles.

Market Breakup by Buyer Type

• Major Miners
• Mining Contractors
• Mid-Tier and Junior Miners
• Others

Major Miners lead, in our estimate, because Fortescue, BHP, Rio Tinto and Glencore place the largest orders, including Epiroc's A$350 million contract of April 2025. Mining Contractors grow fastest at an estimated 5.4% CAGR through 2035, as Barminco's Sandvik order of June 2026 and Perenti's A$180 million Duketon extension of April 2026 show. Mid-Tier and Junior Miners rely on contractors, dealers and rental or used fleets for gold and base metal projects, supported by record exploration spending of A$2.7 billion reported in May 2026. Others include quarry operators and government-backed research users.

Market Breakup by Region

• Western Australia
• Queensland
• New South Wales
• South Australia
• Others

Western Australia dominates, in our estimate, as the Pilbara iron ore belt and goldfields generated A$226 billion of mineral and petroleum sales in 2025, and it grows at an estimated 4.6% CAGR through 2035. Queensland follows on Bowen Basin coal and Mackay-based services, growing at 4.4%. New South Wales grows at 4.1% on Hunter Valley coal fleets. South Australia is the fastest-growing region at an estimated 5.1%, on Olympic Dam growth works announced in July 2026. Others, covering Victoria, Tasmania, the Northern Territory and the ACT, grow at 5.0% from a small base, and are grouped because each state is individually small.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Competitive Landscape in the Australia Mining Equipment Market

Competition combines global machine makers, local dealers and fabricators, and technology suppliers. Entry barriers include dealer service coverage, autonomy track records, parts availability, financing strength and long relationships with the largest iron ore, coal and gold miners.

Caterpillar

Caterpillar, headquartered in Irving, Texas, sells haul trucks, excavators, dozers, underground loaders and the Cat MineStar technology suite to Australian miners through its dealer network. On 23 March 2026 it renewed the agreement to supply and operate Cat MineStar Command autonomous haulage at three Fortescue operations in the Pilbara. Its autonomous deployment with Fortescue is the longest-running at commercial scale and anchors its strength in iron ore.

Komatsu

Komatsu, headquartered in Tokyo, supplies ultra-class electric drive haul trucks, hydraulic excavators, dozers and the FrontRunner autonomous haulage system, which also operates at Australian mine sites. In April 2026 it commissioned its 1,000th ultra-class autonomous haul truck, a 930E-5AT for Barrick in Nevada. The company has also supplied Hunter Valley coal operations, and its scale in autonomy gives Australian buyers a proven second option.

Sandvik

Sandvik, headquartered in Stockholm, sells underground loaders, trucks, drill rigs, rock tools and digital mine systems to Australian gold, base metal and coal operations. On 15 June 2026 it announced an order worth about SEK 350 million from contractor Barminco for the Bellevue Gold Project in Western Australia, with deliveries from the third quarter of 2026 to the first quarter of 2027. The order includes parts and services.

Epiroc

Epiroc, headquartered in Stockholm, supplies blasthole drill rigs, underground rigs, loaders and automation to Australian miners. In April 2025 it signed its largest order ever, worth about A$350 million over five years, with Fortescue for Pit Viper 271 E cable-electric and SmartROC D65 BE battery-electric rigs. The machines will eventually run autonomously, supervised from Fortescue's operations centre in Perth, supporting Epiroc's lead in drilling.

Other players operating in the Australia mining equipment market include Liebherr, Hitachi Construction Machinery, Austin Engineering, Perenti, and WesTrac, alongside regional dealers, fabricators, wear-part makers, rebuild specialists, rental fleets and software suppliers serving mines across every Australian state.

Key Insight

Competition rests on dealer service coverage, autonomy track records, parts availability and long relationships with large miners rather than price alone, while electrification could reshape supplier positions.