Underground Mining Equipment Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	160 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260671

Best Price Guarantee
Price	from $4,850
Length	160 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260671

Underground Mining Equipment Market

Growth Factors of Underground Mining Equipment Market

The underground mining equipment market size was valued at USD 32.16 billion in 2023, and the market is now projected to grow from USD 33.12 billion in 2024 to USD 47.83 billion by 2033, exhibiting a CAGR of 4.57% during the forecast period of 2024-2032.

The mining industry has struggled with reduced production levels to COVID-19 locks downs, constraints on transportation, and downsizing of the workforce. Such issues prolonged equipment delivery, increase costs and hampered operations as evidenced by establishments in Latin America and the Middle East. The pandemic also forced a decline in productivity as well as lost revenues in the mining sector the biasing limit market growth across the globe.

Concerning the growth of industries in the automotive, electronics, and manufacturing Industries; more demand for metals and minerals is realized. The official’s actions as well as the government policies and incentives have equally contributed to the enhancement of exploration and extraction activities. Fixed investment in transportation equipment’s including roads, bridges, railways also call for enormous raw material applications which in turn increase the demand for underground mining equipment’s.

Superior mining equipment suppliers such as Sandvik AB, AB Volvo, Komatsu Ltd., Caterpillar Inc. are providing guidance to the market growth through their technologically superior offers in coal, metal, & mineral excavation. There is the emerging move towards better environmental responsibility, and environmentally-friendly products such as electric mining vehicles which are silent, energy and emission savers. Further, the application of artificial intelligence in mining improves decision-making, as well as provides quicker and better information outputs.

Comprehensive Analysis of Underground Mining Equipment Market

The underground mining equipment market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by equipment type analysis, by mining method analysis, and by application analysis. By equipment type analysis loaders, trucks, bolters, drills, and others. By mining method analysis incudes longwall mining, room and pillar mining, blast mining, and others. By application analysis incudes coal mining, metal mining, and mineral mining.

The Asia Pacific region lead the underground mining equipment market share by benefitting a market size of USD 13.19 billion in 2023 due to growing energy needs of emerging economies.

Top players in the market have their responsibility of machinery and equipment industrial prospectus growth of the retailing industry and the markets. These players include, AB Volvo, Boart Longyear, Caterpillar Inc., Epiroc AB, J.H. Fletcher & Co. (Cannon Mining Equipment), Komatsu Ltd., SMT Scharf GmbH (RDH Mining Equipment), Schmidt, Kranz & Co. GmbH, Sandvik AB, XCMG Group these market players provide a level-playing competitive landscape.

In November 2023, Epiroc AB partnered with Byrnecut Mining Pty Ltd to develop a future electric drive low-emission automated underground loader.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.7% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Equipment Type

Loaders

Trucks

Bolters

Drills

Others (Feeder Breakers and Haulage Systems)

By Mining Method

Longwall Mining

Room and Pillar Mining

Blast Mining

Others (Sublevel Caving)

By Application

Coal Mining

Metal Mining

Mineral Mining

By Region

North America (By Equipment Type, By Mining Method, By Application, and By Country)

U.S. (By Equipment Type)

Canada (By Equipment Type)

Europe (By Equipment Type, By Mining Method, By Application, and By Country)

Germany (By Equipment Type)

U.K. (By Equipment Type)

France (By Equipment Type)

Italy (By Equipment Type)

Rest of Europe

Asia Pacific (By Equipment Type, By Mining Method, By Application, and By Country)

China (By Equipment Type)

Japan (By Equipment Type)

India (By Equipment Type)

Australia (By Equipment Type)

Southeast Asia (By Equipment Type)

Rest of Asia Pacific

Middle East and Africa (By Equipment Type, By Mining Method, By Application, and By Country)

GCC (By Equipment Type)

South Africa (By Equipment Type)

Rest of Middle East and Africa

Latin America (By Equipment Type, By Mining Method, By Application, and By Country)

Brazil(By Equipment Type)

Mexico (By Equipment Type)

Argentina (By Equipment Type)

Rest of Latin America

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1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Underground Mining Equipment Market Key Players Market Share/Ranking, 2023
5. Global Underground Mining Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Equipment Type (USD); 5.2.1. Loaders; 5.2.2. Trucks; 5.2.3. Bolters; 5.2.4. Drills; 5.2.5. Others (Feeder Breakers, Haulage Systems, etc.); 5.3. By Mining Method (USD); 5.3.1. Longwall Mining; 5.3.2. Room and Pillar Mining; 5.3.3. Blast Mining; 5.3.4. Others (Sublevel Caving, etc.); 5.4. By Application (USD); 5.4.1. Coal Mining; 5.4.2. Metal Mining; 5.4.3. Mineral Mining; 5.5. By Region (USD); 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. Middle East and Africa; 5.5.5. Latin America
6. North America Underground Mining Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Equipment Type (USD); 6.2.1. Loaders; 6.2.2. Trucks; 6.2.3. Bolters; 6.2.4. Drills; 6.2.5. Others (Feeder Breakers, Haulage Systems, etc.); 6.3. By Mining Method (USD); 6.3.1. Longwall Mining; 6.3.2. Room and Pillar Mining; 6.3.3. Blast Mining; 6.3.4. Others (Sublevel Caving, etc.); 6.4. By Application (USD); 6.4.1. Coal Mining; 6.4.2. Metal Mining; 6.4.3. Mineral Mining; 6.5. By Country (USD); 6.5.1. U.S.; 6.5.1.1. By Equipment Type; 6.5.1.1.1. Loaders; 6.5.1.1.2. Trucks; 6.5.1.1.3. Bolters; 6.5.1.1.4. Drills; 6.5.1.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 6.5.2. Canada; 6.5.2.1. By Equipment Type; 6.5.2.1.1. Loaders; 6.5.2.1.2. Trucks; 6.5.2.1.3. Bolters; 6.5.2.1.4. Drills; 6.5.2.1.5. Others (Feeder Breakers, Haulage Systems, etc.)
7. Europe Underground Mining Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Equipment Type (USD); 7.2.1. Loaders; 7.2.2. Trucks; 7.2.3. Bolters; 7.2.4. Drills; 7.2.5. Others (Feeder Breakers, Haulage Systems, etc.); 7.3. By Mining Method (USD); 7.3.1. Longwall Mining; 7.3.2. Room and Pillar Mining; 7.3.3. Blast Mining; 7.3.4. Others (Sublevel Caving, etc.); 7.4. By Application (USD); 7.4.1. Coal Mining; 7.4.2. Metal Mining; 7.4.3. Mineral Mining; 7.5. By Country (USD); 7.5.1. Germany; 7.5.1.1. By Equipment Type; 7.5.1.1.1. Loaders; 7.5.1.1.2. Trucks; 7.5.1.1.3. Bolters; 7.5.1.1.4. Drills; 7.5.1.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 7.5.2. U.K.; 7.5.2.1. By Equipment Type; 7.5.2.1.1. Loaders; 7.5.2.1.2. Trucks; 7.5.2.1.3. Bolters; 7.5.2.1.4. Drills; 7.5.2.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 7.5.3. France; 7.5.3.1. By Equipment Type; 7.5.3.1.1. Loaders; 7.5.3.1.2. Trucks; 7.5.3.1.3. Bolters; 7.5.3.1.4. Drills; 7.5.3.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 7.5.4. Italy; 7.5.4.1. By Equipment Type; 7.5.4.1.1. Loaders; 7.5.4.1.2. Trucks; 7.5.4.1.3. Bolters; 7.5.4.1.4. Drills; 7.5.4.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 7.5.5. Rest of Europe
8. Asia Pacific Underground Mining Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Equipment Type (USD); 8.2.1. Loaders; 8.2.2. Trucks; 8.2.3. Bolters; 8.2.4. Drills; 8.2.5. Others (Feeder Breakers, Haulage Systems, etc.); 8.3. By Mining Method (USD); 8.3.1. Longwall Mining; 8.3.2. Room and Pillar Mining; 8.3.3. Blast Mining; 8.3.4. Others (Sublevel Caving, etc.); 8.4. By Application (USD); 8.4.1. Coal Mining; 8.4.2. Metal Mining; 8.4.3. Mineral Mining; 8.5. By Country (USD); 8.5.1. China; 8.5.1.1. By Equipment Type; 8.5.1.1.1. Loaders; 8.5.1.1.2. Trucks; 8.5.1.1.3. Bolters; 8.5.1.1.4. Drills; 8.5.1.2. Others (Feeder Breakers, Haulage Systems, etc.); 8.5.2. Japan; 8.5.2.1. By Equipment Type; 8.5.2.1.1. Loaders; 8.5.2.1.2. Trucks; 8.5.2.1.3. Bolters; 8.5.2.1.4. Drills; 8.5.2.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 8.5.3. India; 8.5.3.1. By Equipment Type; 8.5.3.1.1. Loaders; 8.5.3.1.2. Trucks; 8.5.3.1.3. Bolters; 8.5.3.1.4. Drills; 8.5.3.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 8.5.4. Australia; 8.5.4.1. By Equipment Type; 8.5.4.1.1. Loaders; 8.5.4.1.2. Trucks; 8.5.4.1.3. Bolters; 8.5.4.1.4. Drills; 8.5.4.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 8.5.5. Southeast Asia; 8.5.5.1. By Equipment Type; 8.5.5.1.1. Loaders; 8.5.5.1.2. Trucks; 8.5.5.1.3. Bolters; 8.5.5.1.4. Drills; 8.5.5.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 8.5.6. Rest of Asia Pacific
9. Middle East and Africa Underground Mining Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Equipment Type (USD); 9.2.1. Loaders; 9.2.2. Trucks; 9.2.3. Bolters; 9.2.4. Drills; 9.2.5. Others (Feeder Breakers, Haulage Systems, etc.); 9.3. By Mining Method (USD); 9.3.1. Longwall Mining; 9.3.2. Room and Pillar Mining; 9.3.3. Blast Mining; 9.3.4. Others (Sublevel Caving, etc.); 9.4. By Application (USD); 9.4.1. Coal Mining; 9.4.2. Metal Mining; 9.4.3. Mineral Mining; 9.5. By Country (USD); 9.5.1. GCC; 9.5.1.1. By Equipment Type; 9.5.1.1.1. Loaders; 9.5.1.1.2. Trucks; 9.5.1.1.3. Bolters; 9.5.1.1.4. Drills; 9.5.1.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 9.5.2. South Africa; 9.5.2.1. By Equipment Type; 9.5.2.1.1. Loaders; 9.5.2.1.2. Trucks; 9.5.2.1.3. Bolters; 9.5.2.1.4. Drills; 9.5.2.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 9.5.3. Rest of Middle East and Africa
10. Latin America Underground Mining Equipment Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Equipment Type (USD); 10.2.1. Loaders; 10.2.2. Trucks; 10.2.3. Bolters; 10.2.4. Drills; 10.2.5. Others (Feeder Breakers, Haulage Systems, etc.); 10.3. By Mining Method (USD); 10.3.1. Longwall Mining; 10.3.2. Room and Pillar Mining; 10.3.3. Blast Mining; 10.3.4. Others (Sublevel Caving, etc.); 10.4. By Application (USD); 10.4.1. Coal Mining; 10.4.2. Metal Mining; 10.4.3. Mineral Mining; 10.5. By Country (USD); 10.5.1. Brazil; 10.5.1.1. By Equipment Type; 10.5.1.1.1. Loaders; 10.5.1.1.2. Trucks; 10.5.1.1.3. Bolters; 10.5.1.1.4. Drills; 10.5.1.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 10.5.2. Mexico; 10.5.2.1. By Equipment Type; 10.5.2.1.1. Loaders; 10.5.2.1.2. Trucks; 10.5.2.1.3. Bolters; 10.5.2.1.4. Drills; 10.5.2.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 10.5.3. Argentina; 10.5.3.1. By Equipment Type; 10.5.3.1.1. Loaders; 10.5.3.1.2. Trucks; 10.5.3.1.3. Bolters; 10.5.3.1.4. Drills; 10.5.3.1.5. Others (Feeder Breakers, Haulage Systems, etc.); 10.5.4. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. AB Volvo; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Boart Longyear; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Caterpillar Inc; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Epiroc AB; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. J.H. Fletcher & Co. (Cannon Mining Equipment); 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Komatsu Ltd; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. SMT Scharf GmbH (RDH Mining Equipment); 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Schmidt, Kranz & Co. GmbH; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Sandvik AB; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. XCMG Group; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments