Global Underground Mining Equipment Market Growth (Status and Outlook) 2025-2031

Global Underground Mining Equipment Market Growth (Status and Outlook) 2025-2031

The global Underground Mining Equipment market size is predicted to grow from US$ 25360 million in 2025 to US$ 38170 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.

Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.

Global Underground Mining Equipment key players include Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, etc. Global top five players hold a share about 50%.

North America is the largest market, with a share about 30%, followed by Europe, having a share about 25 percent.

In terms of product, Longwall is the largest segment, with a share about 75%. And in terms of application, the largest application is Coal Mining, followed by Metal Mining, Mineral Mining.

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

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

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

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

Segmentation by Type:
Longwall
Room and Pillar

Segmentation by Application:
Coal Mining
Metal Mining
Mineral 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 analyzing the company's coverage, product portfolio, its market penetration.
Caterpillar
Komatsu (Joy Global)
Volvo
Hitachi Construction Machinery
Sandvik
Atlas Copco
Metso
ThyssenKrupp
Liebherr-International
ZMJ
FLSmidth
Doosan Infracore
China Coal Group

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