Valued at USD 15.4 billion in 2024, the global mining drills and breakers market is projected to reach USD 16.29 billion in 2025 and USD 27.1 billion by 2034, growing at a CAGR of 5.80% during the forecast period 2025–2034. The market is driven by increasing mining activities and demand for high-performance equipment. Key players including Boart Longyear, Epiroc AB, FLSmidth & Co. A/S, Hitachi Construction Machinery Co. Ltd., and Komatsu Ltd compete to meet the evolving needs of the mining industry.
Application Segmentation Shapes Equipment Demand
The market is segmented by product type, sales, application, and region. By application, the report covers mineral mining, coal mining, and metal mining. Mining equipment is used to extract minerals and other elements from beneath the soil, and the increase in mining activities for coal and metals is a significant driver for the market worldwide.
Dominant Revenue Share by Application
The metal mining segment accounted for the dominating revenue share in 2024. Drills and breakers are used extensively in extracting metals such as gold, copper, and iron, where powerful tools are needed to break through hard rock formations. In metal mining, the quality and size of extracted materials directly affect the economics of the operation. The report links rising global demand for metals to industrialization, infrastructure development, and technological advancements, which have expanded metal mining activity and, in turn, the requirement for advanced drilling and breaking equipment.
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Coal and Mineral Extraction Rely on Primary Rock Breaking
Excavation in mineral mining involves digging up the surface and removing debris, after which rocks are broken into small pieces and crushed further. These tasks require breakers for primary rock mining processes, which drives demand for breakers in the mining industry. Growing coal mining activity contributes to the same demand, as the report identifies increased mining of coal and metals as a significant driver.
OEM and Aftermarket Channels
The report segments the market by sales into OEM and aftermarket channels. For B2B buyers and suppliers, the distinction between OEM supply and aftermarket sales is a relevant lens, particularly because the high initial cost of buying and maintaining mining drills and breakers is cited as a barrier for smaller mining companies with limited budgets.
Technology Developments in Underground Operations
Manufacturers are investing in research and development to introduce cutting-edge technologies and improve the efficiency of mining operations, designing tools that improve productivity while adhering to stringent safety and environmental standards. In May 2024, Komatsu Ltd introduced the second generation of its Z2 series of small-class underground drilling and bolting equipment . The updated lineup includes battery-electric models, a pumpable resin system, and enhanced ergonomics, further strengthening the company's hard rock mining solutions. Such advances in drilling and bolting equipment reflect the technology improvements that are attracting mining companies to upgrade their equipment.
Regional Insights
Asia Pacific was the largest market in 2024 and is estimated to dominate over the forecast period, supported by its mineral and metal reserves, infrastructure and construction projects in China, India, and Southeast Asian nations, and increased investment in exploration and extraction. North America is expected to grow at a significant rate as mining activities are restored in response to rising demand for minerals and metals. The report also covers Europe, Latin America, and the Middle East & Africa.
Key Players in the Mining Drills and Breakers Market
Major players operating in the global market include Boart Longyear, Cabo Drilling Corp., Caterpillar, Inc., Doosan Corporation, Energold Drilling Corp., Epiroc AB, FLSmidth & Co. A/S, Furukawa Co., Ltd, Geodrill Limited, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd, Metso Corporation, Sandvik AB, and SANYHE International Holdings Co., Ltd.
Conclusion
Expanding from USD 16.29 billion in 2025 to USD 27.1 billion by 2034 at a 5.80% CAGR, the Mining Drills and Breakers market is supported by growth in metal mining , coal mining , and mineral mining . Suppliers that address OEM and aftermarket sales requirements alongside advances in drilling and bolting equipment will find the report's segmentation a useful guide to demand.
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