Underground Mining Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Underground Mining Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The underground mining market is expected to accelerate as more mining stakeholders show interest in large-scale application of flying drones in mining operations. The demand for contractual mining services is also anticipated to drive market expansion. Furthermore, the introduction of equipment inspection solutions will support the growth of the market in the near future. According to a recent study by Fairfield Market Research, the reliability and safety of underground mining operations will improve with the integration of technology in mining infrastructure, equipment, and services. Coal, minerals, and metals will continue to be the key areas driving the prospects of underground mining, with coal mining projected to offer the most significant revenue generation opportunity. Stoping will remain the preferred underground mining method.

Rise in Global Metal Yield Contributes to Market Growth


The mining industry has witnessed a remarkable resurgence following the impact of COVID-19, resulting in a favorable year for the sector in terms of annual revenue in 2020. Post-2020, investments in mining activities have continued to increase. This is further fueled by the growing demand for metals, especially precious metals like gold, platinum, silver, and titanium. This increased demand for metals is expected to be a significant driver for underground mining. There is also a growing need for efficient underground mining of sought-after metals such as copper, zinc, nickel, and iron ore. The sustained growth in global metal production is likely to benefit the underground mining market.

LATAM, Africa, and Australia as Key Contributors to Underground Mining


Currently, underground mining accounts for approximately 12% of the total run-of-mine (ROM) production, with the Latin American (LATAM) region leading in terms of volume, followed closely by Oceania. LATAM will continue to be a key driving region for the underground mining market, while Africa and Australia will also play important roles. Australia, in particular, is expected to be a critical revenue generator in the Asian subcontinent. Investigation activities in countries like Australia, China, Brazil, India, and Africa are expected to support the expansion of underground mining. The report will provide insightful analysis of dense underground mining locations in Australia, including Western Australia, South Australia, New South Wales (NSW), Queensland, Northern Territory, and Tasmania.

Leading Players in the Underground Mining Market
The report will offer a comprehensive view of the competition landscape in the global underground mining market. Key companies to be profiled in the competition analysis include Sandvik AB, Rio Tinto, Vale S.A., Caterpillar, Atlas Copco, Sany Group, Anglo American Plc, Thyssen Mining, Amur Minerals Corporation, BHP, OZ Minerals, Implats Platinum Limited, Norilsk Nickel Group, Glencore plc, Coal India Ltd, China Shenhua Energy Company Limited, Barminco, GBF Underground Mining Company, The Redpath Group, CIMIC Group Limited, and Alcoa Corporation.

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1. Executive Summary
1.1. Global Underground Mining Market: Snapshot
1.2. Future Projections, 2022-2030, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights
2. Market Overview
2.1. Market Definitions and Segmentation
2.2. Market Dynamics
2.2.1. Driver
2.2.1.1. Open-pit mines are becoming deeper, it becomes difficult to mine high grade ores, haulage cost of overburden will increase
2.2.1.2. Driver 2
2.2.2. Restraint
2.2.2.1. Stringent environmental regulations
2.3. Industry Challenges & Opportunities
2.4. Value Chain Analysis
2.5. Porters Five Forces Analysis
2.6. Challenges and Solutions
2.7. COVID-19 Impact Analysis
2.8. Pre and Post Covid-19 Analysis
2.9. Regulatory Scenario
2.10. Market Background
2.10.1. World Minerals Production Overview
2.10.2. Global Mining Exploration Spending
2.10.3. Foreign Investments
2.11. Economic Analysis
3. Price Analysis
3.1. Key Price Indicators
3.2. Factors Affecting Mining Cost
3.3. Price Analysis
4. Global Underground Mining Market Outlook, 2019 - 2030
4.1. Global Underground Mining Market Outlook, by Rock Type, Value (US$ Mn), 2019 - 2030
4.1.1. Key Highlights
4.1.1.1. Hard Rock
4.1.1.2. Soft Rock (Coal)
4.1.1.3. Soft Rock (Minerals)
4.1.2. Market Attractiveness Analysis
4.2. Global Underground Mining Market Outlook, by Method, Value (US$ Mn), 2019 - 2030
4.2.1. Key Highlights
4.2.1.1. Supported
4.2.1.1.1. Shrinkage Stoping
4.2.1.1.2. Room and Pillar
4.2.1.1.3. Cut and Fill
4.2.1.1.4. Misc.
4.2.1.2. Unsupported
4.2.1.2.1. Sublevel Caving
4.2.1.2.2. Block Caving
4.2.1.2.3. Sublevel Stoping
4.2.2. Market Attractiveness Analysis
4.3. Global Underground Mining Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
4.3.1. Key Highlights
4.3.1.1. North America
4.3.1.2. Europe
4.3.1.3. Asia Pacific
4.3.1.4. Latin America
4.3.1.5. Middle East & Africa
4.3.2. Market Attractiveness Analysis
5. North America Underground Mining Market Outlook, 2019 - 2030
5.1. North America Underground Mining Market Outlook, by Rock Type, Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Hard Rock
5.1.1.2. Soft Rock (Coal)
5.1.1.3. Soft Rock (Minerals)
5.2. North America Underground Mining Market Outlook, by Method, Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Supported
5.2.1.1.1. Shrinkage Stoping
5.2.1.1.2. Room and Pillar
5.2.1.1.3. Cut and Fill
5.2.1.1.4. Misc.
5.2.1.2. Unsupported
5.2.1.2.1. Sublevel Caving
5.2.1.2.2. Block Caving
5.2.1.3. Sublevel Stoping
5.3. North America Underground Mining Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. U.S.
5.3.1.2. Canada
6. Europe Underground Mining Market Outlook, 2019 - 2030
6.1. Europe Underground Mining Market Outlook, by Rock Type, Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Hard Rock
6.1.1.2. Soft Rock (Coal)
6.1.1.3. Soft Rock (Minerals)
6.2. Europe Underground Mining Market Outlook, by Method, Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Supported
6.2.1.1.1. Shrinkage Stoping
6.2.1.1.2. Room and Pillar
6.2.1.1.3. Cut and Fill
6.2.1.1.4. Misc.
6.2.1.2. Unsupported
6.2.1.2.1. Sublevel Caving
6.2.1.2.2. Block Caving
6.2.1.3. Sublevel Stoping
6.3. Europe Underground Mining Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
6.3.1.1. Germany
6.3.1.2. France
6.3.1.3. Poland
6.3.1.4. Sweden
6.3.1.5. Turkey
6.3.1.6. Russia
6.3.1.7. Rest of Europe
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Asia Pacific Underground Mining Market Outlook, 2019 - 2030
7.1. Asia Pacific Underground Mining Market Outlook, by Rock Type, Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Hard Rock
7.1.1.2. Soft Rock (Coal)
7.1.1.3. Soft Rock (Minerals)
7.2. Asia Pacific Underground Mining Market Outlook, by Method, Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Supported
7.2.1.1.1. Shrinkage Stoping
7.2.1.1.2. Room and Pillar
7.2.1.1.3. Cut and Fill
7.2.1.1.4. Misc.
7.2.1.2. Unsupported
7.2.1.2.1. Sublevel Caving
7.2.1.2.2. Block Caving
7.2.1.3. Sublevel Stoping
7.3. Asia Pacific Underground Mining Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. China
7.3.1.2. South Korea
7.3.1.3. India
7.3.1.4. Australia
7.3.1.5. Southeast Asia
7.3.1.6. Rest of Asia Pacific
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Latin America Underground Mining Market Outlook, 2019 - 2030
8.1. Latin America Underground Mining Market Outlook, by Rock Type, Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Hard Rock
8.1.1.2. Soft Rock (Coal)
8.1.1.3. Soft Rock (Minerals)
8.2. Latin America Underground Mining Market Outlook, by Method, Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Supported
8.2.1.1.1. Shrinkage Stoping
8.2.1.1.2. Room and Pillar
8.2.1.1.3. Cut and Fill
8.2.1.1.4. Misc.
8.2.1.2. Unsupported
8.2.1.2.1. Sublevel Caving
8.2.1.2.2. Block Caving
8.2.1.3. Sublevel Stoping
8.3. Latin America Underground Mining Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. Brazil
8.3.1.2. Mexico
8.3.1.3. Chile
8.3.1.4. Rest of Latin America
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Middle East & Africa Underground Mining Market Outlook, 2019 - 2030
9.1. Middle East & Underground Mining Market Outlook, by Rock Type, Value (US$ Mn), 2019 - 2030
9.1.1. Key Highlights
9.1.1.1. Hard Rock
9.1.1.2. Soft Rock (Coal)
9.1.1.3. Soft Rock (Minerals)
9.2. Middle East & Africa Underground Mining Market Outlook, by Method, Value (US$ Mn), 2019 - 2030
9.2.1. Key Highlights
9.2.1.1. Supported
9.2.1.1.1. Shrinkage Stoping
9.2.1.1.2. Room and Pillar
9.2.1.1.3. Cut and Fill
9.2.1.1.4. Misc.
9.2.1.2. Unsupported
9.2.1.2.1. Sublevel Caving
9.2.1.2.2. Block Caving
9.2.1.3. Sublevel Stoping
9.3. Middle East & Africa Underground Mining Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
9.3.1. Key Highlights
9.3.1.1. GCC
9.3.1.2. South Africa
9.3.1.3. Ghana
9.3.1.4. Rest of Middle East & Africa
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Competitive Landscape
10.1. Company Market Share Analysis, 2021
10.2. Competition Matrix (By Tier and Size of companies)
10.3. Recent Transactions, by Transport Mode
10.4. Strategic Collaborations
10.4.1. Joint Ventures
10.4.2. Mergers & Acquisitions
10.5. Company Profiles
10.5.1. Anglo American Plc
10.5.1.1. Company Overview
10.5.1.2. Product Portfolio
10.5.1.3. Financial Overview
10.5.1.4. Business Strategies and Development
10.5.2. BHP
10.5.3. Rio Tinto
10.5.4. Vale
10.5.5. Alcoa Corporation
10.5.6. Norilsk Nickel
10.5.7. Glencore
10.5.8. Codelco
10.5.9. Jitegemee Holdings Company
10.5.10. Barminco
10.5.11. GBF Underground Mining Company
10.5.12. OZ Minerals
10.5.13. Jiangxi Copper
11. Appendix
11.1. Acronyms and Abbreviations
11.2. Research Scope & Assumptions
11.3. Research Methodology and Information Sources

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