In terms of market side, this report researches the Underground Mining Equipment revenue, growth rate, market share by manufacturers, by type, by application and by region (region level and country level), from 2018 to 2023, and forecast to 2029.
This report aims to provide a comprehensive presentation of the global market for Underground Mining Equipment, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Underground Mining Equipment.
Within the research scope of this report, it shows that the global Underground Mining Equipment market had a market size of about 8120.76 Million USD in 2022, growing at a CAGR of 3.94% during 2023-2029 to 10639.87 Million USD in 2029.
MARKET COMPETITIVE LANDSCAPE:
Major players in this market include Sandvik, Caterpillar, Epiroc AB, Komatsu (Joy Global), Metso, and etc.
---The combined market share of the Top 3 players in the global Underground Mining Equipment market is about 47.15%.
REGION SHARE:
The report covers the market size information of major Regions/Countries around the world, including NA/United States, EU/Germany, APAC/China, LA/SA, MEA and etc.
---In the geographical distribution of Underground Mining Equipment market in 2022, the Asia Pacific has the largest market size and its market share is about 52.93%, followed by Europe and its market share is about 19.52%.
SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Dump Trucks, Load Haul Dumps (LHDs), etc. Application segment includes Metal Mining, Mineral Mining, etc.
---Load Haul Dumps (LHDs) contributes approximately 41.83% share to the market in 2022.
---Coal Mining contributes approximately 64.86% share to the market in 2022.
Report Includes:
This report presents an overview of global market for Underground Mining Equipment. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key players of Underground Mining Equipment, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Underground Mining Equipment, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Underground Mining Equipment market share and industry ranking of main players, data from 2018 to 2023. Identification of the major stakeholders in the global Underground Mining Equipment market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, from 2018 to 2029. Evaluation and forecast the market size for Underground Mining Equipment sales, projected growth trends, technology, application and end-user industry.
As of my knowledge cutoff in September 2021, here are some trends observed in the underground mining equipment market:
Automation and Remote Control: The adoption of automation and remote control technologies has been a significant trend in the underground mining industry. Mining companies are increasingly investing in equipment that can be operated remotely or autonomously, reducing the need for personnel to be physically present underground. Automation improves safety, increases efficiency, and allows for continuous operation in hazardous environments.
Digitalization and Data Analytics: The mining industry is embracing digitalization and data analytics to improve operational efficiency and decision-making. Underground mining equipment is being equipped with sensors and telematics systems to collect data on equipment performance, productivity, and maintenance needs. This data is then analyzed to optimize operations, reduce downtime, and improve overall equipment effectiveness.
Electric and Battery-Powered Equipment: There is a growing interest in electric and battery-powered equipment for underground mining operations. Electric equipment offers lower emissions, reduced noise levels, and improved energy efficiency compared to traditional diesel-powered equipment. Battery-powered equipment, in particular, provides flexibility and maneuverability in confined underground spaces without the need for ventilation infrastructure.
Improved Safety Features: Safety remains a top priority in underground mining. Equipment manufacturers are continuously developing and enhancing safety features to protect workers. This includes improved visibility through enhanced lighting and camera systems, advanced collision detection and avoidance technologies, and integrated safety systems that monitor operator fatigue and alertness.
Sustainable and Environmentally Friendly Solutions: The mining industry is increasingly focused on sustainability and minimizing its environmental impact. There is a growing demand for underground mining equipment that is designed with sustainability in mind. This includes equipment that reduces energy consumption, uses alternative fuels, incorporates advanced emission control technologies, and minimizes the extraction of non-renewable resources.
Integration of IoT and AI Technologies: The integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies is transforming the underground mining equipment market. IoT enables real-time monitoring of equipment, predictive maintenance, and improved operational efficiency. AI-powered analytics and algorithms are used to optimize production, enhance safety, and make more informed decisions based on large datasets.
Highlights-Regions
North America
United States
Canada
Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
South America
Brazil
Argentina
Colombia
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Player list
Sandvik
Caterpillar
Epiroc AB
Komatsu (Joy Global)
Metso
Volvo
Hitachi Construction Machinery
FLSmidth
ThyssenKrupp
Liebherr-International
Doosan Infracore
ZMJ
Types list
Dump Trucks
Load Haul Dumps (LHDs)
Utility Vehicles & Special Vehicles
Drilling Equipment
Others
Application list
Metal Mining
Mineral Mining
Coal Mining
List of Tables and Figures
Figure Underground Mining Equipment Picture
Table Product Definition of Underground Mining Equipment
Table Global Underground Mining Equipment Market Size by Type (2023 VS 2029)
Table Global Underground Mining Equipment Market Size by Application (2023 VS 2029)
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Table Raw Materials Analysis
Table Labor Cost Analysis
Table Manufacturing Expenses Analysis
Figure Manufacturing Process Analysis of Underground Mining Equipment
Figure Underground Mining Equipment Industrial Chain Analysis
Figure Global Underground Mining Equipment Revenue Market Size & Forecast (2018-2029)
Figure Global Underground Mining Equipment Sales Market Size & Forecast (2018-2029)
Table Underground Mining Equipment Market Size by Regions: 2018 VS 2023 VS 2029
Table Underground Mining Equipment Historic Revenue Market Size by Regions (2018-2023)
Table Underground Mining Equipment Historic Revenue Market Share by Regions (2018-2023)
Table Underground Mining Equipment Historic Sales Market Size by Regions (2018-2023)
Table Underground Mining Equipment Historic Sales Market Share by Regions (2018-2023)
Table Underground Mining Equipment Forecasted Revenue Market Size by Regions (2023-2029)
Table Underground Mining Equipment Forecasted Revenue Market Share by Regions (2023-2029)
Table Underground Mining Equipment Forecasted Sales Market Size by Regions (2023-2029)
Table Underground Mining Equipment Forecasted Sales Market Share by Regions (2023-2029)
Figure North America Underground Mining Equipment Market Size & Forecast (2018-2029)
Figure Europe Underground Mining Equipment Market Size & Forecast (2018-2029)
Figure Asia-Pacific Underground Mining Equipment Market Size & Forecast (2018-2029)
Figure Latin America Underground Mining Equipment Market Size & Forecast (2018-2029)
Figure Middle East & Africa Underground Mining Equipment Market Size & Forecast (2018-2029)
Table North America Underground Mining Equipment Revenue by Countries (2018-2029)
Table North America Underground Mining Equipment Revenue Market Share by Countries (2018-2029)
Table North America Underground Mining Equipment Sales by Countries (2018-2029)
Table North America Underground Mining Equipment Sales Market Share by Countries (2018-2029)
Table North America Underground Mining Equipment Revenue Share by Players 2022
Table North America Underground Mining Equipment Sales by Types (2018-2023)
Table North America Underground Mining Equipment Sales Market Share by Types (2018-2023)
Table North America Underground Mining Equipment Sales by Applications (2018-2023)
Table North America Underground Mining Equipment Sales Market Share by Applications (2018-2023)
Figure United States Underground Mining Equipment Revenue and Growth (2018-2029)
Figure United States Underground Mining Equipment Sales and Growth (2018-2029)
Figure Canada Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Canada Underground Mining Equipment Sales and Growth (2018-2029)
Table Asia-Pacific Underground Mining Equipment Revenue by Countries (2018-2029)
Table Asia-Pacific Underground Mining Equipment Revenue Market Share by Countries (2018-2029)
Table Asia-Pacific Underground Mining Equipment Sales by Countries (2018-2029)
Table Asia-Pacific Underground Mining Equipment Revenue Market Share by Countries (2018-2029)
Table Asia Pacific Underground Mining Equipment Revenue Share by Players 2022
Table Asia Pacific Underground Mining Equipment Sales by Types (2018-2023)
Table Asia Pacific Underground Mining Equipment Sales Market Share by Types (2018-2023)
Table Asia Pacific Underground Mining Equipment Sales by Applications (2018-2023)
Table Asia Pacific Underground Mining Equipment Sales Market Share by Applications (2018-2023)
Figure China Underground Mining Equipment Revenue and Growth (2018-2029)
Figure China Underground Mining Equipment Sales and Growth (2018-2029)
Figure Japan Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Japan Underground Mining Equipment Sales and Growth (2018-2029)
Figure Korea Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Korea Underground Mining Equipment Sales and Growth (2018-2029)
Figure Southeast Asia Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Southeast Asia Underground Mining Equipment Sales and Growth (2018-2029)
Figure India Underground Mining Equipment Revenue and Growth (2018-2029)
Figure India Underground Mining Equipment Sales and Growth (2018-2029)
Figure Australia Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Australia Underground Mining Equipment Sales and Growth (2018-2029)
Table Europe Underground Mining Equipment Revenue by Countries (2018-2029)
Table Europe Underground Mining Equipment Revenue Market Share by Countries (2018-2029)
Table Europe Underground Mining Equipment Sales by Countries (2018-2029)
Table Europe Underground Mining Equipment Sales Market Share by Countries (2018-2029)
Table Europe Underground Mining Equipment Revenue Share by Players 2022
Table Europe Underground Mining Equipment Sales by Types (2018-2023)
Table Europe Underground Mining Equipment Sales Market Share by Types (2018-2023)
Table Europe Underground Mining Equipment Sales by Applications (2018-2023)
Table Europe Underground Mining Equipment Sales Market Share by Applications (2018-2023)
Figure Germany Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Germany Underground Mining Equipment Sales and Growth (2018-2029)
Figure France Underground Mining Equipment Revenue and Growth (2018-2029)
Figure France Underground Mining Equipment Sales and Growth (2018-2029)
Figure UK Underground Mining Equipment Revenue and Growth (2018-2029)
Figure UK Underground Mining Equipment Sales and Growth (2018-2029)
Figure Italy Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Italy Underground Mining Equipment Sales and Growth (2018-2029)
Figure Russia Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Russia Underground Mining Equipment Sales and Growth (2018-2029)
Figure Spain Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Spain Underground Mining Equipment Sales and Growth (2018-2029)
Figure Nordic Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Nordic Underground Mining Equipment Sales and Growth (2018-2029)
Table Latin America Underground Mining Equipment Revenue by Countries (2018-2029)
Table Latin America Underground Mining Equipment Revenue Market Share by Countries (2018-2029)
Table Latin America Underground Mining Equipment Sales by Countries (2018-2029)
Table Latin America Underground Mining Equipment Sales Market Share by Countries (2018-2029)
Table Latin America Underground Mining Equipment Revenue Share by Players 2022
Table Latin America Underground Mining Equipment Sales by Types (2018-2023)
Table Latin America Underground Mining Equipment Sales Market Share by Types (2018-2023)
Table Latin America Underground Mining Equipment Sales by Applications (2018-2023)
Table Latin America Underground Mining Equipment Sales Market Share by Applications (2018-2023)
Figure Brazil Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Brazil Underground Mining Equipment Sales and Growth (2018-2029)
Figure Argentina Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Argentina Underground Mining Equipment Sales and Growth (2018-2029)
Figure Colombia Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Colombia Underground Mining Equipment Sales and Growth (2018-2029)
Figure Mexico Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Mexico Underground Mining Equipment Sales and Growth (2018-2029)
Table Middle East & Africa Underground Mining Equipment Revenue by Countries (2018-2029)
Table Middle East & Africa Underground Mining Equipment Revenue Market Share by Countries (2018-2029)
Table Middle East & Africa Underground Mining Equipment Sales by Countries (2018-2029)
Table Middle East & Africa Underground Mining Equipment Sales Market Share by Countries (2018-2029)
Table Latin America Underground Mining Equipment Revenue Share by Players 2022
Table Middle East & Africa Underground Mining Equipment Sales by Types (2018-2023)
Table Middle East & Africa Underground Mining Equipment Sales Market Share by Types (2018-2023)
Table Middle East & Africa Underground Mining Equipment Sales by Applications (2018-2023)
Table Middle East & Africa Underground Mining Equipment Sales Market Share by Applications (2018-2023)
Figure Egypt Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Egypt Underground Mining Equipment Sales and Growth (2018-2029)
Figure South Africa Underground Mining Equipment Revenue and Growth (2018-2029)
Figure South Africa Underground Mining Equipment Sales and Growth (2018-2029)
Figure Israel Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Israel Underground Mining Equipment Sales and Growth (2018-2029)
Figure Turkey Underground Mining Equipment Revenue and Growth (2018-2029)
Figure Turkey Underground Mining Equipment Sales and Growth (2018-2029)
Figure GCC Countries Underground Mining Equipment Revenue and Growth (2018-2029)
Figure GCC Countries Underground Mining Equipment Sales and Growth (2018-2029)
Table Global Underground Mining Equipment Revenue and Market Size by Type (2018-2023)
Table Global Underground Mining Equipment Revenue and Market Share by Type (2018-2023)
Table Global Underground Mining Equipment Sales and Market Size by Type (2018-2023)
Table Global Underground Mining Equipment Sales and Market Share by Type (2018-2023)
Table Global Underground Mining Equipment Revenue Market Size Forecast by Type (2023-2029)
Table Global Underground Mining Equipment Revenue Market Share Forecast by Type (2023-2029)
Table Global Underground Mining Equipment Sales Market Size Forecast by Type (2023-2029)
Table Global Underground Mining Equipment Sales Market Share Forecast by Type (2023-2029)
Figure Global Underground Mining Equipment Market Size and Growth by {Type 1} (2018-2029)
Figure Global Underground Mining Equipment Market Size and Growth by {Type 2} (2018-2029)
Table Global Underground Mining Equipment Revenue Market Size by Application (2018-2023)
Table Global Underground Mining Equipment Revenue Market Share by Application (2018-2023)
Table Global Underground Mining Equipment Sales Market Size by Application (2018-2023)
Table Global Underground Mining Equipment Sales Market Share by Application (2018-2023)
Table Global Underground Mining Equipment Revenue Market Size by Application (2023-2029)
Table Global Underground Mining Equipment Revenue Market Share by Application (2023-2029)
Table Global Underground Mining Equipment Sales Market Size by Application (2023-2029)
Table Global Underground Mining Equipment Sales Market Share by Application (2023-2029)
Figure Global Underground Mining Equipment Market Size and Growth by {Application 1} (2018-2029)
Figure Global Underground Mining Equipment Market Size and Growth by {Application 2} (2018-2029)
Table Market Trends Analysis
Table Market Drivers Analysis
Table Market Challenges Analysis
Table Market Restraints Analysis
Table Market Mergers & Acquisitions
Table Market New Entrants and Expansion Plans
Table Distributors of Underground Mining Equipment with Contact Information
Table Major Customers of Underground Mining Equipment with Contact Information
Table Sandvik Profile
Table Product Overview
Table Sandvik Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Sandvik Sales and Growth Rate
Figure Sandvik Revenue Market Share 2017-2022
Table Business Overview
Table Caterpillar Profile
Table Product Overview
Table Caterpillar Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Caterpillar Sales and Growth Rate
Figure Caterpillar Revenue Market Share 2017-2022
Table Business Overview
Table Epiroc AB Profile
Table Product Overview
Table Epiroc AB Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Epiroc AB Sales and Growth Rate
Figure Epiroc AB Revenue Market Share 2017-2022
Table Business Overview
Table Komatsu (Joy Global) Profile
Table Product Overview
Table Komatsu (Joy Global) Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Komatsu (Joy Global) Sales and Growth Rate
Figure Komatsu (Joy Global) Revenue Market Share 2017-2022
Table Business Overview
Table Metso Profile
Table Product Overview
Table Metso Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Metso Sales and Growth Rate
Figure Metso Revenue Market Share 2017-2022
Table Business Overview
Table Volvo Profile
Table Product Overview
Table Volvo Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Volvo Sales and Growth Rate
Figure Volvo Revenue Market Share 2017-2022
Table Business Overview
Table Hitachi Construction Machinery Profile
Table Product Overview
Table Hitachi Construction Machinery Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Hitachi Construction Machinery Sales and Growth Rate
Figure Hitachi Construction Machinery Revenue Market Share 2017-2022
Table Business Overview
Table FLSmidth Profile
Table Product Overview
Table FLSmidth Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure FLSmidth Sales and Growth Rate
Figure FLSmidth Revenue Market Share 2017-2022
Table Business Overview
Table ThyssenKrupp Profile
Table Product Overview
Table ThyssenKrupp Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure ThyssenKrupp Sales and Growth Rate
Figure ThyssenKrupp Revenue Market Share 2017-2022
Table Business Overview
Table Liebherr-International Profile
Table Product Overview
Table Liebherr-International Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Liebherr-International Sales and Growth Rate
Figure Liebherr-International Revenue Market Share 2017-2022
Table Business Overview
Table Doosan Infracore Profile
Table Product Overview
Table Doosan Infracore Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure Doosan Infracore Sales and Growth Rate
Figure Doosan Infracore Revenue Market Share 2017-2022
Table Business Overview
Table ZMJ Profile
Table Product Overview
Table ZMJ Underground Mining Equipment Sales, Price, Sales, Price, Revenue, Gross and Gross Margin (2018-2023)
Figure ZMJ Sales and Growth Rate
Figure ZMJ Revenue Market Share 2017-2022
Table Business Overview
Table Research Findings and Conclusion
