£5.8bn
£XXX.Xm
14,690
265
£XXX.Xm
Mining, quarrying and construction equipment manufacturers produce earthmoving equipment, excavators and processing machines. Manufacturers operate in a globalised market because machinery is sent to both domestic and international dealers. Construction activity in Europe influences the industry's performance with over half of UK produced machinery sold to EU countries. Revenue is forecast to rise at a compound annual rate of 0.5% to £5.8 billion over the five years through 2023-24. This includes a projected growth of 4.9% in 2023-24, benefiting from rising investment in construction markets.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated £5.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Komatsu Ltd | 2,890.0 | |
Caterpillar (UK) Ltd | 1,572.0 | |
JCB Service | 1,493.0 |
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Mining, Quarrying & Construction Machinery Manufacturing in the UK
Industry revenue is measured across several distinct product and services lines, including Excavators and shovels, Other earthmoving equipment and Loaders. Excavators and shovels is the largest segment of the Mining, Quarrying & Construction Machinery Manufacturing in the UK.
Excavators rise with site preparation activity
Firms in this industry manufacture machinery that is used in construction, mining and quarrying.
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SIC 28.92 - Mining, Quarrying & Construction Machinery Manufacturing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Healthy demand from the construction sector is uplifting the industry. As construction rises, investment into the industry follows suit and contractors look to invest in new ...
Learn about an industry's products and services, markets and trends in international trade.
Excavators and shovels are the leading industry product. They’re designed for digging or earthmoving work in the construction sector. Rising housebuilding activity has revive...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Northern Ireland has a long-standing link to the manufacturing sector. This is thanks to the port of Belfast. This has helped secure Northern Ireland’s share of the market.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Global players dominate the industry. Their extensive global reach means the top players in the industry are global and can leverage their economies of scale due to their siz...
Learn about the performance of the top companies in the industry.
The pandemic has taken a huge hit on players’ revenue. The COVID-19 outbreak led to global lockdowns, meaning construction activity came to a halt. This caused revenue to plu...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Public concern over environmental issues influences the industry. As the general public becomes increasingly concerned about the environment, harsher restrictions on mining, ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The COVID-19 outbreak caused profit to dip. This is because of the reduced construction activity at the time that caused machinery makers to reduce profit.
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Mining, Quarrying & Construction Machinery Manufacturing in the UK industry in United Kingdom is £5.8bn in 2024.
There are 265 businesses in the Mining, Quarrying & Construction Machinery Manufacturing in the UK industry in United Kingdom, which has declined at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Mining, Quarrying & Construction Machinery Manufacturing in the UK industry in United Kingdom has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Mining, Quarrying & Construction Machinery Manufacturing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Mining, Quarrying & Construction Machinery Manufacturing market in United Kingdom are Komatsu Ltd, Caterpillar (UK) Ltd and JCB Service
Mining machinery manufacturing and Quarrying machinery manufacturing are part of the Mining, Quarrying & Construction Machinery Manufacturing in the UK industry.
The company holding the most market share in United Kingdom is Komatsu Ltd.
The level of competition is moderate and steady in the Mining, Quarrying & Construction Machinery Manufacturing in the UK industry in United Kingdom.