The world’s top 20 mining original equipment manufacturers, or OEMs, sold more than US$66 billion of equipment, parts, technologies and services in 2024. After a flat growth year, the sector is looking for fleet replacement and modernisation, aftermarket and technology-led expansion in 2025 and beyond.
Who is No.1 in the business (it may not be who you think)? Where are the leaders seeing future growth in the face of key commodity demand, mine decarbonisation speed and new technology uptake uncertainty? How much is China impacting the OEM leaderboard?
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