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Underground Mining Equipment Market Size, Share & Trends Analysis Report By Equipment, By Mining Technique, By Application, By Region, And Segment Forecasts, 2025 - 2030

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    Report

  • 100 Pages
  • December 2024
  • Region: Global
  • Grand View Research
  • ID: 6041014
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Underground Mining Equipment Market Growth & Trends

The global underground mining equipment market size is anticipated to reach USD 58.2 billion by 2030 and is projected to grow at a CAGR of 5.1% from 2025 to 2030. The growing global demand for minerals is a key driver of the global market, as mining companies are increasingly shifting towards deeper and more complex underground operations to meet this need. With easily accessible surface and open-pit mining deposits becoming more depleted, companies are now focusing on underground mining to extract valuable resources such as gold, copper, and rare earth metals. This transition to deeper, more challenging mining environments demands highly specialized equipment capable of operating safely and efficiently in confined spaces. Advanced machinery is essential for maintaining productivity and safety, especially in operations that require precise extraction techniques and high operational uptime.

The demand for specialized underground mining equipment, including shuttle cars, Load Haul Dump (LHD) machines, articulated vehicles, underground mining trucks, and drilling rigs, has seen significant growth as these tools are crucial for efficient and safe material transport, ore extraction, and overall mining operations.

The growing emphasis on sustainability and environmental responsibility is increasingly shaping the demand for eco-friendly underground mining equipment. As governments and regulatory bodies implement stricter environmental standards, mining companies are adopting electric-powered and hybrid machinery to reduce emissions, lower fuel consumption, and minimize their environmental impact. This shift towards greener, more energy-efficient equipment is not only driven by regulatory pressure but also by the industry's desire to enhance its reputation and operational sustainability. As a result, the need for advanced, environmentally conscious underground mining equipment is surging, driving the development and adoption of cutting-edge technologies that help mining operations meet both environmental and performance goals.

Underground Mining Equipment Market Report Highlights

  • Based on equipment, the load hauling truck (LHD) segment led the market with the largest revenue share of 27.4% in 2024. A significant driver for LHD adoption is their compatibility with automation and remote control technologies. Companies like Sandvik Mining and Rock Solutions have introduced automated LHD models such as the LH514 with intelligent systems for autonomous navigation and operation, reducing the need for human presence in hazardous underground conditions.
  • Based on mining technique, the room and pillar segment led the market with the largest revenue share of 40.0% in 2024. Room and pillar mining are commonly used in coal, limestone, and other soft mineral extraction, making it a cornerstone for industries to be reliant on these resources.
  • Based on application, the coal mining segment led the market with the largest revenue share of 43.5% in 2024 driven by the growing demand for coal as a key energy source and industrial input globally. Despite the global shift toward renewable energy, coal continues to play a critical role in electricity generation, steel production, and other heavy industries, particularly in developing economies.
  • Asia Pacific dominated the market with the largest revenue share of 39.4% in 2024. The Asia Pacific region is poised for substantial growth, driven by several key developments across major countries. The region's rich mineral resources, combined with a strategic emphasis on sustainability and technological advancement, are shaping a dynamic mining landscape.
  • In March 2024, AngloGold Ashanti marked a significant milestone in sustainable mining by introducing its first 100% electric vehicle (EV) for underground operations in Brazil. Equipped with advanced battery technology, the EV offers extended operational cycles, reduced maintenance costs, and improved worker safety by minimizing exposure to harmful exhaust gases.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources
1.4.4. Third Party Perspective
1.4.5. Information Analysis
1.5. Information Analysis
1.5.1. Data Analysis Models
1.5.2. Market Formulation & Data Visualization
1.5.3. Data Validation & Publishing
1.6. Research Scope and Assumptions
1.6.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Underground Mining Equipment Market Variables, Trends, & Scope
3.1. Market Concentration & Penetration Outlook
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Drivers Analysis
3.5.2. Market Restraints Analysis
3.5.3. Market Opportunity Analysis
3.5.4. Market Challenge Analysis
3.6. Underground Mining Equipment Market Analysis Tools
3.6.1. Porter’s Analysis
3.6.1.1. Bargaining power of the suppliers
3.6.1.2. Bargaining power of the buyers
3.6.1.3. Threats of substitution
3.6.1.4. Threats from new entrants
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Economic and Social Landscape
3.6.2.3. Technological Landscape
3.6.2.4. Environmental Landscape
3.6.2.5. Legal Landscape
3.7. Economic Mega-Trend Analysis
Chapter 4. Underground Mining Equipment Market: Equipment Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Underground Mining Equipment Market: Mining Technique Movement Analysis, USD Million, 2024 & 2030
4.3. Shuttle Cars
4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Load Haul Dump (LHD)
4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Articulated Vehicles
4.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Underground Mining Trucks
4.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.7. Scooptrams
4.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.8. Drills
4.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.9. Bolters
4.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
4.10. Others
4.10.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Underground Mining Equipment Market: Mining Technique Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Underground Mining Equipment Market: Mining Technique Movement Analysis, USD Million, 2024 & 2030
5.3. Room and Pillar
5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Longwall Mining
5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Blast Mining
5.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Others
5.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Underground Mining Equipment Market: Application Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Underground Mining Equipment Market: Application Movement Analysis, USD Million, 2024 & 2030
6.3. Coal Mining
6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Metal Mining
6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Mineral Mining
6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Underground Mining Equipment Market: Region Estimates & Trend Analysis
7.1. Underground Mining Equipment Market Share, By Region, 2024 & 2030, USD Million
7.2. North America
7.2.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.2.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.2.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.2.5. U.S.
7.2.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.2.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.2.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.2.6. Canada
7.2.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.2.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.2.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.2.7. Mexico
7.2.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.2.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.2.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.3.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.3.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.3.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.3.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.3.6. Poland
7.3.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.3.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.3.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.3.7. Sweden
7.3.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.3.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.3.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.3.8. France
7.3.8.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.8.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.3.8.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.3.8.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.3.9. Russia
7.3.9.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.9.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.3.9.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.3.9.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.3.10. Spain
7.3.10.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.10.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.3.10.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.3.10.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)’
7.4. Asia Pacific
7.4.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.4.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.4.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.4.5. China
7.4.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.4.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.4.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.4.6. India
7.4.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.4.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.4.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.4.7. Japan
7.4.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.4.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.4.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.4.8. South Korea
7.4.8.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.8.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.4.8.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.4.8.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.4.9. Australia
7.4.9.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.9.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.4.9.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.4.9.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.4.10. Indonesia
7.4.10.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.10.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.4.10.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.4.10.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)’
7.5. Latin America
7.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.5.5. Brazil
7.5.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.5.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.5.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.5.6. Argentina
7.5.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.5.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.5.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.6.5. UAE
7.6.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.6.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.6.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.6.6. Saudi Arabia
7.6.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.6.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.6.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
7.6.7. South Africa
7.6.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2018 - 2030 (USD Million)
7.6.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2018 - 2030 (USD Million)
7.6.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Market Positioning
8.4. Company Market Share Analysis, 2023
8.5. Company Heat Map Analysis, 2023
8.6. Strategy Mapping
8.7. Company Profiles
8.7.1. Caterpillar Inc.
8.7.1.1. Participant’s Overview
8.7.1.2. Financial Performance
8.7.1.3. Medium Benchmarking
8.7.1.4. Strategic Initiatives
8.7.2. Getman Corporation
8.7.2.1. Participant’s Overview
8.7.2.2. Financial Performance
8.7.2.3. Medium Benchmarking
8.7.2.4. Strategic Initiatives
8.7.3. Sandvik AB
8.7.3.1. Participant’s Overview
8.7.3.2. Financial Performance
8.7.3.3. Medium Benchmarking
8.7.3.4. Strategic Initiatives
8.7.4. Komatsu
8.7.4.1. Participant’s Overview
8.7.4.2. Financial Performance
8.7.4.3. Medium Benchmarking
8.7.4.4. Strategic Initiatives
8.7.5. Sany Group
8.7.5.1. Participant’s Overview
8.7.5.2. Financial Performance
8.7.5.3. Medium Benchmarking
8.7.5.4. Strategic Initiatives
8.7.6. XCMG Group
8.7.6.1. Participant’s Overview
8.7.6.2. Financial Performance
8.7.6.3. Medium Benchmarking
8.7.6.4. Strategic Initiatives
8.7.7. Boart Longyear
8.7.7.1. Participant’s Overview
8.7.7.2. Financial Performance
8.7.7.3. Medium Benchmarking
8.7.7.4. Strategic Initiatives
8.7.8. Epiroc AB
8.7.8.1. Participant’s Overview
8.7.8.2. Financial Performance
8.7.8.3. Medium Benchmarking
8.7.8.4. Strategic Initiatives
8.7.9. J.H. Fletcher & Co.
8.7.9.1. Participant’s Overview
8.7.9.2. Financial Performance
8.7.9.3. Medium Benchmarking
8.7.9.4. Strategic Initiatives
8.7.10. SMT Scharf GmbH
8.7.10.1. Participant’s Overview
8.7.10.2. Financial Performance
8.7.10.3. Medium Benchmarking
8.7.10.4. Strategic Initiatives
8.7.11. Schmidt
8.7.11.1. Participant’s Overview
8.7.11.2. Financial Performance
8.7.11.3. Medium Benchmarking
8.7.11.4. Strategic Initiatives
8.7.12. Kranz & Co & Co. GmbH
8.7.12.1. Participant’s Overview
8.7.12.2. Financial Performance
8.7.12.3. Medium Benchmarking
8.7.12.4. Strategic Initiatives
8.7.13. Zibo God Rock Mining Machinery Co., Ltd
8.7.13.1. Participant’s Overview
8.7.13.2. Financial Performance
8.7.13.3. Medium Benchmarking
8.7.13.4. Strategic Initiatives
List of Tables
Table 1 Underground Mining Equipment Market Estimates and Forecasts, By Equipment, 2018 - 2030 (USD Million)
Table 2 Underground Mining Equipment Market Estimates and Forecasts, By Equipment, 2018 - 2030 (USD Million)
Table 3 Underground Mining Equipment Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
Table 4 US Macroeconomic Outlook
Table 5 Canada Macroeconomic Outlook
Table 6 Mexico Macroeconomic Outlook
Table 7 Germany Macroeconomic Outlook
Table 8 Poland Macroeconomic Outlook
Table 9 Sweden Macroeconomic Outlook
Table 10 France Macroeconomic Outlook
Table 11 Russia Macroeconomic Outlook
Table 12 Spain Macroeconomic Outlook
Table 13 China Macroeconomic Outlook
Table 14 India Macroeconomic Outlook
Table 15 Japan Macroeconomic Outlook
Table 16 South Korea Macroeconomic Outlook
Table 17 Indonesia Macroeconomic Outlook
Table 18 Australia Macroeconomic Outlook
Table 19 Brazil Macroeconomic Outlook
Table 20 Argentina Macroeconomic Outlook
Table 21 South Africa Macroeconomic Outlook
Table 22 Saudi Arabia Macroeconomic Outlook
Table 23 UAE Macroeconomic Outlook
Table 24 Recent Developments & Impact Analysis, By Key Market Participants
Table 25 Company Heat Map Analysis, 2023
Table 26 Key Companies: Collaborations/Partnerships
Table 27 Key Companies: Product Launches
Table 28 Key Companies: Acquisition
List of Figures
Fig. 1 Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Underground Mining Equipment Market - Value Chain Analysis
Fig. 10 Underground Mining Equipment Market: Market Dynamics
Fig. 11 Total Minerals Production, By Continents, In Million Metric Tons, 2018 - 2022
Fig. 12 Total Mining Production By Continents, 2022 (%)
Fig. 13 Total Production of Steam Coal and Coking Coal, 2022 (Million Metric Tonnes)
Fig. 14 Underground Mining Equipment Market: PORTER’s Analysis
Fig. 15 Underground Mining Equipment Market: PESTEL Analysis
Fig. 16 Real GDP Growth, 2024 (%)
Fig. 17 Largest Mining Nations, 2022 (%)
Fig. 18 Underground Mining Equipment Market, By Equipment: Key Takeaways
Fig. 19 Underground Mining Equipment Market: Equipment Movement Analysis & Market Share, 2023 & 2030
Fig. 20 Underground Mining Equipment Market Estimates & Forecasts, By Shuttle Cars, 2018 - 2030 (USD Million)
Fig. 21 Underground Mining Equipment Market Estimates & Forecasts, By Load Haul Dump (LHD), 2018 - 2030 (USD Million)
Fig. 22 Underground Mining Equipment Market Estimates & Forecasts, By Articulated Vehicles, 2018 - 2030 (USD Million)
Fig. 23 Underground Mining Equipment Market Estimates & Forecasts, By Underground Mining Trucks, 2018 - 2030 (USD Million)
Fig. 24 Underground Mining Equipment Market Estimates & Forecasts, By Scooptrams, 2018 - 2030 (USD Million)
Fig. 25 Underground Mining Equipment Market Estimates and Forecasts, By Drills, 2018 - 2030 (USD Million)
Fig. 26 Underground Mining Equipment Market Estimates and Forecasts, By Bolters, 2018 - 2030 (USD Million)
Fig. 27 Underground Mining Equipment Market Estimates & Forecasts, By Other Equipment, 2018 - 2030 (USD Million)
Fig. 28 Underground Mining Equipment Market, By Mining Technique: Key Takeaways
Fig. 29 Underground Mining Equipment Market: Mining Technique Movement Analysis & Market Share, 2023 & 2030
Fig. 30 Underground Mining Equipment Market Estimates & Forecasts, By Room and Pillar, 2018 - 2030 (USD Million)
Fig. 31 Underground Mining Equipment Market Estimates & Forecasts, By Longwall Mining, 2018 - 2030 (USD Million)
Fig. 32 Underground Mining Equipment Market Estimates & Forecasts, By Blast Mining, 2018 - 2030 (USD Million)
Fig. 33 Underground Mining Equipment Market Estimates & Forecasts, By Other Mining Techniques, 2018 - 2030 (USD Million)
Fig. 34 Underground Mining Equipment Market, By Application: Key Takeaways
Fig. 35 Underground Mining Equipment Market: Application Movement Analysis & Market Share, 2023 & 2030
Fig. 36 Underground Mining Equipment Market Estimates & Forecasts, In Coal Mining, 2018 - 2030 (USD Million)
Fig. 37 Underground Mining Equipment Market Estimates & Forecasts, In Metal Mining, 2018 - 2030 (USD Million)
Fig. 38 Underground Mining Equipment Market Estimates & Forecasts, In Mineral Mining, 2018 - 2030 (USD Million)
Fig. 39 Underground Mining Equipment Market Revenue, By Region, 2023 & 2030, (USD Million)
Fig. 40 Region Marketplace: Key Takeaways
Fig. 41 Region Marketplace: Key Takeaways
Fig. 42 North America Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 US Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 44 US Private Fixed Investments In Non-Residential Structures (Manufacturing Sector), 2018 - 2023 (USD Billion)
Fig. 45 Canada Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 46 Mexico Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 47 Europe Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 Germany Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 Poland Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 Sweden Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 France Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 52 Russia Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 53 Spain Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 54 Asia Pacific Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 55 China Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 56 India Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 57 Japan Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 58 South Korea Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 59 Indonesia Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 60 Australia Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 61 Latin America Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 62 Brazil Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 63 Argentina Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 64 Argentina Mineral Production By Mineral Type, (2022)
Fig. 65 Middle East & Africa Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 66 South Africa Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 67 South Africa - Key Mineral Exports, 2022 (% of Total Exports)
Fig. 68 Saudi Arabia Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 69 UAE Underground Mining Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 70 Company Market Share Analysis, 2023
Fig. 71 Company Dashboard Analysis

Companies Mentioned

  • Caterpillar Inc
  • Getman Corporation
  • Sandvik AB
  • Komatsu
  • Sany Group
  • XCMG Group
  • Boart Longyear
  • Epiroc AB
  • J.H. Fletcher & Co.
  • SMT Scharf GmbH
  • Schmidt
  • Kranz & Co. GmbH
  • Zibo God Rock Mining Machinery Co., Ltd

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedDecember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 43.19 billion
Forecasted Market Value ( USD ) by 2030 $ 58.2 billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal
No. of Companies Mentioned13

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