Global Mining Cables Market Growth 2025-2031

Global Mining Cables Market Growth 2025-2031

The global Mining Cables market size is predicted to grow from US$ 9044 million in 2025 to US$ 12000 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.

Mining cable is a generic term that describes cable used for distributing power to equipment in mining tunnels, large shovels and drills.

In the Chinese market, major manufacturers of mining cables include Jiangsu Shangshang and Jiangsu Baosheng Technology.

According to product types, mining cables can be divided into rubber-sheathed cables, plastic cables, and mining machine cables. Rubber-sheathed cables occupy a dominant position, accounting for about 57% of the total market share. From the application point of view, underground mining is the market leader, which occupies more than 80% of the total market share, followed by open-pit mining.

Global key players of Mining Cables include Prysmian, Nexans and Jiangsu Shangshang Cable, etc. The top three players hold a share over 20%. Asia-Pacific is the largest market, has a share about 44%. In terms of product type, Rubber Cable is the largest segment, occupied for a share of about 75%, and in terms of application, Surface Mining has a share about 54 percent.

LP Information, Inc. (LPI) ' newest research report, the “Mining Cables Industry Forecast” looks at past sales and reviews total world Mining Cables sales in 2024, providing a comprehensive analysis by region and market sector of projected Mining Cables sales for 2025 through 2031. With Mining Cables sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mining Cables industry.

This Insight Report provides a comprehensive analysis of the global Mining Cables landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mining Cables portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Mining Cables market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mining Cables and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mining Cables.

This report presents a comprehensive overview, market shares, and growth opportunities of Mining Cables market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Rubber Cable
Plastic Cable

Segmentation by Application:
Surface Mining
Underground Mining

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Prysmian
Nexans
Jiangsu Shangshang Cable
Baosheng
Gold Cup
Shanghai Qifan Cable
Southwire
Jiangnan Group
Taiyang
Zhejiang Wanma
TF Kable
Hangzhou Cable
Hunan Valin Wire & Cable
ZMS Cables
Huatong
Qingdao Hanhe Cable
SKL
Anhui Lingyu Cable
Tratos
Bitner

Key Questions Addressed in this Report

What is the 10-year outlook for the global Mining Cables market?

What factors are driving Mining Cables market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Mining Cables market opportunities vary by end market size?

How does Mining Cables break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.