Global Electric Mining Shovel Market Growth 2025-2031
Description
The global Electric Mining Shovel market size is predicted to grow from US$ 1851 million in 2025 to US$ 2901 million in 2031; it is expected to grow at a CAGR of 7.8% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
An electric mining shovel is a large - scale heavy - duty machine used in mining operations. It is powered by electricity and features a large bucket attached to a boom and stick mechanism. The operator sits in a cab, usually located on a rotating platform, and uses joysticks or other control devices to operate the shovel. The electric motor drives the various components of the shovel, enabling it to dig, lift, and load large quantities of ore, rock, or overburden into trucks or other transportation equipment. Electric mining shovels are known for their high power, efficiency, and ability to handle tough mining conditions, and they play a crucial role in large - scale mining projects.
United States market for Electric Mining Shovel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Electric Mining Shovel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Electric Mining Shovel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Electric Mining Shovel players cover XCMG Group, SANY Group, Doosan Infracore, BEML Limited, Sandvik AB, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Electric Mining Shovel Industry Forecast” looks at past sales and reviews total world Electric Mining Shovel sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Mining Shovel sales for 2025 through 2031. With Electric Mining Shovel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Mining Shovel industry.
This Insight Report provides a comprehensive analysis of the global Electric Mining Shovel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Mining Shovel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Mining Shovel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Mining Shovel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Mining Shovel.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Mining Shovel market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Small Mining Shovel (1 - 5 cubic meters)
Medium Mining Shovel (5 - 15 cubic meters)
Large Mining Shovel (over 15 cubic meters)
Segmentation by Application:
Mining
Material Handling and Stockpiling
Mine Construction and Maintenance
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
XCMG Group
SANY Group
Doosan Infracore
BEML Limited
Sandvik AB
Hyundai Construction Equipment
Terex Corporation
Volvo Construction Equipment
Atlas Copco
JCB
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Mining Shovel market?
What factors are driving Electric Mining Shovel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Mining Shovel market opportunities vary by end market size?
How does Electric Mining Shovel break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
An electric mining shovel is a large - scale heavy - duty machine used in mining operations. It is powered by electricity and features a large bucket attached to a boom and stick mechanism. The operator sits in a cab, usually located on a rotating platform, and uses joysticks or other control devices to operate the shovel. The electric motor drives the various components of the shovel, enabling it to dig, lift, and load large quantities of ore, rock, or overburden into trucks or other transportation equipment. Electric mining shovels are known for their high power, efficiency, and ability to handle tough mining conditions, and they play a crucial role in large - scale mining projects.
United States market for Electric Mining Shovel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Electric Mining Shovel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Electric Mining Shovel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Electric Mining Shovel players cover XCMG Group, SANY Group, Doosan Infracore, BEML Limited, Sandvik AB, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Electric Mining Shovel Industry Forecast” looks at past sales and reviews total world Electric Mining Shovel sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Mining Shovel sales for 2025 through 2031. With Electric Mining Shovel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Mining Shovel industry.
This Insight Report provides a comprehensive analysis of the global Electric Mining Shovel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Mining Shovel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Mining Shovel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Mining Shovel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Mining Shovel.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Mining Shovel market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Small Mining Shovel (1 - 5 cubic meters)
Medium Mining Shovel (5 - 15 cubic meters)
Large Mining Shovel (over 15 cubic meters)
Segmentation by Application:
Mining
Material Handling and Stockpiling
Mine Construction and Maintenance
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
XCMG Group
SANY Group
Doosan Infracore
BEML Limited
Sandvik AB
Hyundai Construction Equipment
Terex Corporation
Volvo Construction Equipment
Atlas Copco
JCB
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Mining Shovel market?
What factors are driving Electric Mining Shovel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Mining Shovel market opportunities vary by end market size?
How does Electric Mining Shovel break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
94 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Electron Beam Lithography System for Quantum Computing by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Electron Beam Lithography System for Quantum Computing by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
