Sorting Machines for Mining Market Size

Sorting Machines for Mining Market size is expected to reach USD 5 billion by the end of 2036, growing at a CAGR of over 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of sorting machines for mining was approximately USD 1 billion. The major element to influences the market expansion is the growing demand for minerals. For instance, by 2030, the demand for critical minerals is projected to rise by over 3 times in the world. Therefore, the market demand for sorting machines for mining is projected to rise.

Furthermore, techniques for sorting materials based on sensors have the potential to decrease the quantity of waste material processed and enhance ore grades. Prior research indicates that sensor-based sorting, which discards waste before further processing, may reduce energy, water, and reagent usage as well as the formation of fine debris. Additionally, the implementation of this automatic sorting method was also prompted by growing labor expenses, which rendered manual sorting unfeasible. Moreover, diamond mines were among the major early users of sensor-based sorting technology due to their desire for increased security with fewer personnel handling the ore. As a result, these factors are also poised to dominate the sorting machines for mining market expansion over the years to come.