Mining, Oil & Gas Machinery Manufacturing in European Union 2026: Industry Statistics & Trends

The Mining, Oil & Gas Machinery Manufacturing industry in the European Union comprises the engineering and production of specialized underground extraction, quarrying, and drilling equipment. The sector's direction is increasingly aligned with the green transition, focusing on the development of electrified, zero-emission machinery and advanced digitalization to meet strict climate standards. While traditional coal extraction equipment has faced ongoing decline, demand is heavily supported by the ramp-up of strategic projects under the European Critical Raw Materials Act.

Industry snapshot

Key public data points

Historical & forecast

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What does the Mining, Oil & Gas Machinery Manufacturing in European Union industry cover?

The industry encompasses the design, fabrication, and maintenance of specialized heavy equipment used in mining, quarrying, and hydrocarbon extraction. Under official European classification, this sub-sector covers underground continuous conveyors, crushing, screening, and sorting machinery, as well as drilling rigs and specialized earthmoving machinery designed for extraction processes. While related to civil construction equipment manufacturing, its main commercial applications target subsurface and above-ground mineral, metal, and energy resource extraction.

• •Covers the manufacturing of specialized underground haulage systems, tunneling machinery, and mineral processing units.
• •Categorized under NACE Rev. 2 Code 28.92, which groups mining, quarrying, and construction machinery manufacturing together in official Eurostat structural business statistics.
• •Maintains a distinct operational focus compared to general-purpose machinery, requiring specialized compliance and heavy structural load-bearing designs.

Who operates in the industry and how is it structured?

The European Union's market for mining and extraction machinery is moderately concentrated, featuring several global multinational corporations alongside a network of highly specialized small and medium-sized engineering enterprises. Manufacturing is geographically clustered, with a significant portion of production value and technological development concentrated in Northern and Central European member states. These operators serve both domestic quarrying and metal mining sites as well as substantial export markets worldwide.

• •Germany and Sweden represent the largest hubs for manufacturing and engineering expertise in heavy extraction equipment within the EU.
• •A vast network of specialized component suppliers provides hydraulic, electronic, and structural sub-assemblies to major original equipment manufacturers.
• •EU exports of processed mineral products increased by 4.5% in 2023, reflecting strong global value chains that support machinery operators.

What drives demand in the industry?

The primary drivers of demand within the European Union are the regional transition toward green energy technologies and the local sourcing of critical raw materials. The transition away from fossil fuels has steadily reduced demand for traditional coal mining machinery, prompting a strategic pivot toward metal and mineral extraction. Furthermore, the rapid growth of battery-electric and autonomous transport technologies requires mining operators to upgrade their fleets to meet new environmental expectations.

• •The EU’s Critical Raw Materials Act supports 47 strategic extraction and processing projects, driving major local equipment procurement.
• •A decline in EU coal production of 5.6% in 2024 has significantly shifted demand away from conventional coal extraction setups.
• •Europe's production capacities for battery metals like cobalt and lithium are projected to rise by 4.1% and 3.8% respectively over the 2025-2029 period, stimulating regional machinery sales.

Who are the notable companies in the industry?

The competitive landscape in the EU is populated by prominent engineering conglomerates that lead in automation, electrification, and heavy-duty design. These firms compete on technological differentiation, especially in zero-emission propulsion systems and digital twin fleet management. While some major players are headquartered in non-EU European countries like Sweden or Switzerland, they operate extensive, highly integrated manufacturing plants and R&D facilities within the European Union.

• •Sandvik AB and Epiroc AB are major Sweden-headquartered multinational operators with deep manufacturing and technological roots in the EU.
• •Liebherr-International Deutschland GmbH operates as a major EU-based manufacturer, famously securing a massive USD 2.8 billion zero-emission equipment transaction with Fortescue.
• •FLSmidth & Co. A/S, based in Denmark, is a key public company providing mineral processing machinery and engineering services across the EU.

What are the recent trends and outlook?

The overarching trend in the EU mining machinery market is the rapid adoption of zero-emission battery-electric vehicles (BEVs) and automated fleets. Manufacturers are increasingly integrating IoT and predictive analytics to minimize downtime and lower operational expenditures for miners facing high European labor and energy costs. Financial support from regional institutions is also accelerating the transition toward a climate-neutral extraction economy.

• •According to the European Association of Mining Industries, the use of battery-electric vehicles in underground mining grew by 40% over a recent three-year period.
• •The European Investment Bank (EIB) expanded its REPowerEU financing package by EUR 15 billion, directly assisting equipment investments in strategic raw materials.
• •Euro Area producer prices for mining, quarrying, and construction machinery reached an index high of 118.1 points in January 2026, indicating persistent input costs and high-value product demand.

How is the industry regulated?

Machinery manufacturers in the European Union must comply with some of the world's most rigorous environmental, safety, and operational standards. Under the European Green Deal and specific machinery directives, equipment must meet strict emissions ceilings and worker safety regulations for hazardous environments. Additionally, EU funding and operating permits for new extraction projects are tightly bound to the environmental impact of the machinery utilized.

• •Equipment must comply with the EU Machinery Regulation, ensuring strict safety standards for both underground and surface operations.
• •Stricter occupational exposure limits for diesel particulate matter are accelerating the mandatory shift from diesel to electric drivetrains.
• •Circular economy guidelines require manufacturers to optimize the material recovery potential and life-cycle sustainability of heavy machinery components.

Government, statistical and trade sources used for this Claight analysis.

• Eurostat Industrial Production Statistics 2024 ·
• European Commission Directorate-General for Energy Reports 2024 ·
• European Investment Bank REPowerEU Financial Publications 2024 ·
• European Association of Mining Industries Regional Reports 2024