Business model

Sandvik’s business model is based on close customer cooperation where we create value through products and services contributing to enhanced productivity and sustainability.

Together with our customers, we drive innovation and digitalization to unlock large-scale value, improve operations, create safer operating conditions and achieve more with less. We are focused on advancing the world through engineering, continuously developing both our customer offerings and core competencies, for instance by adding new digital technologies.

Combining our core skills and hardware with new digital technologies enables new customer solutions.

The business model also generates value for employees and society, which together with the large customer value ultimately leads to shareholder value.
View our investment case

Decentralized organization with clear governance

Sandvik has a decentralized organization. Operations are conducted in four business areas, each of them having several divisions with responsibility for research and development (R&D), production and sales of their respective products and services. The nature of each business decides, for example, production set-up and go-to-market strategy.

An established governance framework including Group policies, Group procedures and other steering documentation governs the way we conduct our business. The whole organization shares the same purpose and values.
Learn about our purpose, core values and strategic objectives


Sandvik’s target industries are, for example, mining, construction, automotive, aerospace and general engineering – industries which benefit greatly from Sandvik’s vast knowledge in materials technology, customer applications and industrial processes.
Find examples of how we create customer value in the section for industry offerings

Revenues by customer segment

  • Mining 40
  • Engineering 23
  • Automotive 11
  • Energy 10
  • Construction 8
  • Aerospace 5
  • Other 3

Revenues by region

  • Europe 35
  • North America 22
  • Asia 20
  • Africa/Middle East 9
  • Australia 9
  • South America 5

Products and services

View our program of products and services and visit our product websites.

Go to list of product groups

Sustainability goals 2030

To make the shift that will drive more sustainable business we have four ambitious sustainability goals for 2030.

Read about our 2030 goals