Global Underground Drilling Equipment Market Growth 2025-2031

The global Underground Drilling Equipment market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

United States market for Underground Drilling Equipment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Underground Drilling Equipment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Underground Drilling Equipment is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Underground Drilling Equipment players cover Epiroc, Sandvik Construction, Furukawa, Komatsu Mining Corp, J.H. Fletcher, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

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

This Insight Report provides a comprehensive analysis of the global Underground Drilling Equipment 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 Underground Drilling Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Underground Drilling Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Underground Drilling Equipment 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 Underground Drilling Equipment.

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

Segmentation by Type:
Single Boom Drilling Rig
Double Boom Drilling Rig
Multi Boom Drilling Rig

Segmentation by Application:
Mining
Railway And Highway Construction
Others

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.
Epiroc
Sandvik Construction
Furukawa
Komatsu Mining Corp
J.H. Fletcher
Jiangxi Siton
Mine Master
Hebei Hongyuan
HAZEMAG
Lake Shore Systems，Inc
XCMG
China Railway Engineering Equipment Group
zhangjiakou Huatai
Shandong China Coal Industrial & Mining Supplies Group Co.,Ltd
Cocental - CMM
Sichuan Zuanshen Intelligent Machinery
CRRC
Zhejiang Zhi Gao machinery
Shijiazhuang Coal Mining Machinery
Hunan Changhe Machine Co., Ltd
Gengli Machinery
Hubei Hengli Machinery
Sunward
God Drill
Nanjing Engineering Factory
Kaishan

Key Questions Addressed in this Report

What is the 10-year outlook for the global Underground Drilling Equipment market?

What factors are driving Underground Drilling Equipment market growth, globally and by region?

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

How do Underground Drilling Equipment market opportunities vary by end market size?

How does Underground Drilling Equipment break out by Type, by Application?

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