Underground Mining Equipment Market 2025: Global Demand Outlook, Automation Trends, and Strategic Forecast for the Mining Machinery Industry

The report titled, "Global Underground Mining Equipment Market Insights, Forecast to 2031" has been recently published by QY Research. The global Underground Mining Equipment market is broadly studied in the report with large focus on market competition, segmentation, geographical expansion, and other important aspects. The analysts who have prepared the report are highly experienced in market research and possess vast knowledge about the global Underground Mining Equipment market. The report includes deep analysis of microeconomic and macroeconomic factors impacting the growth of the global Underground Mining Equipment market. It also offers analysis of production, sales, and consumption growth in the global Underground Mining Equipment market.

The global Underground Mining Equipment market was valued at US$ 25920 million in 2024 and is anticipated to reach US$ 40820 million by 2031, witnessing a CAGR of 6.8% during the forecast period 2025-2031.

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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.

The trends analysis offered in the report will help players operating in the global Underground Mining Equipment market to cash in on lucrative business opportunities. The regional analysis included in the report will help players to explore untapped markets and increase their market presence in key regions. Most importantly, the report offers crucial market information and data that will prepare players to effectively strategize for their business to gain significant profits. On the whole, it comes out as a powerful tool that players can use to gain a competitive edge in the global Underground Mining Equipment market.

Market: Drivers and Restrains

In this chapter, the report provides a complete explanation of the drivers in the market. It highlights the key drivers of the market that are expected to contribute majorly towards market growth. It covers different industries, which are expanding in the same field, identifies the leading applications, and determines which one will play a major role. The report also factors in some of the new technologies and development introduced by manufacturers that are expected to act as notable drivers for the global Underground Mining Equipment market.

The chapter also gives its reader vital information pertaining to the restrains that might hamper the growth of the Underground Mining Equipment market in future. Factors such as changing prices of land, labor and production cost, environmental concerns, new government policies, and trading norms have been discussed in this research report. Furthermore, analysts have also provided a perspective on the potential opportunities present in the global Underground Mining Equipment market. It offers a fresh outlook towards turning the threats into viable options to give the business a winning chance.

Key Players Mentioned in the Global Underground Mining Equipment Market Research Report:

Caterpillar
Komatsu (Joy Global)
Volvo
Hitachi Construction Machinery
Sandvik
Atlas Copco
Metso
ThyssenKrupp
Liebherr-International
ZMJ
FLSmidth
Doosan Infracore
China Coal Group

Competitive landscape is one of the most interesting subjects of any market research study. It provides readers with important information on competition trends, prominent players, and nature of competition. In this report, the authors have profiled some of the top-ranking as well as other players of the global Underground Mining Equipment market. In the company profiling section, each player is comprehensively studied while focusing on its market share, recent developments, production, gross revenue, profit margin, and other factors. The competitive analysis shared in the report will help players to improve their strategies to better compete with other companies.

Segment by Type

Longwall
Room and Pillar

Segment by Application

Coal Mining
Metal Mining
Mineral Mining

All of the segments of the global Underground Mining Equipment market analyzed in the report are deeply studied while concentrating on their market share, CAGR, and growth opportunities. The segmentation study provided in the report will help players to identify rewarding growth prospects available in the global Underground Mining Equipment market. Furthermore, it offers a clear and thorough evaluation of key segments so that players could bank on profit-making areas of the global Underground Mining Equipment market. The analysts have explained each factor contributing to the growth of leading segments. In addition, they have provided a near-accurate prediction of the growth potential of each segment.

Segment by Region

North America
U.S.
Canada

Europe
Germany
France
U.K.
Italy
Russia

Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America
Mexico
Brazil
Argentina

Middle East & Africa
Turkey
Saudi Arabia
UAE

Underground Mining Equipment market research study is incomplete without regional analysis, and we are well aware of it. That is why, the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Underground Mining Equipment market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.

Highlights of the Report

(1) Accurate market size and CAGR forecasts for the period 2025-2031.

(2) Identification and in-depth assessment of growth opportunities in key segments and regions.

(3) Detailed company profiling of top players of the global Underground Mining Equipment market.

(4) Exhaustive research on innovation and other trends of the global Underground Mining Equipment market.

(5) Reliable industry value chain and supply chain analysis.

(6) Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects.

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Table of Content

1 Underground Mining Equipment Market Overview
1.1 Product Definition
1.2 Underground Mining Equipment by Type
1.2.1 Global Underground Mining Equipment Market Value by Type (2020-2031)
1.2.2 Longwall
1.2.3 Room and Pillar
1.3 Underground Mining Equipment by Application
1.3.1 Global Underground Mining Equipment Market Value by Application 2020-2031)
1.3.2 Coal Mining
1.3.3 Metal Mining
1.3.4 Mineral Mining
1.4 Global Underground Mining Equipment Revenue (2020-2031)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered

2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis

3 Players Competitive Analysis
3.1 Global Underground Mining Equipment Revenue by Player (2020-2025)
3.2 Underground Mining Equipment Company Evaluation Quadrant
3.3 Industry Rank
3.3.1 Global Key Players of Underground Mining Equipment, Industry Ranking, 2023 VS 2024
3.3.2 Global Underground Mining Equipment Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3.3 Global Underground Mining Equipment Market Concentration Rate
3.3.4 Global 5 and 10 Largest Underground Mining Equipment Players Market Share by Revenue
3.4 Underground Mining Equipment Market: Overall Company Footprint Analysis
3.4.1 Underground Mining Equipment Market: Region Footprint
3.4.2 Underground Mining Equipment Market: Company Product Type Footprint
3.4.3 Underground Mining Equipment Market: Company Product Application Footprint
3.4.4 Global Key Players of Underground Mining Equipment, Date of Enter into This Industry
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition

4 Players Profiles
4.1 Caterpillar
4.1.1 Caterpillar Company Details
4.1.2 Caterpillar Business Overview
4.1.3 Caterpillar Underground Mining Equipment Introduction
4.1.4 Caterpillar Revenue in Underground Mining Equipment Business (2020-2025)
4.1.5 Caterpillar Recent Development
4.2 Komatsu (Joy Global)
4.2.1 Komatsu (Joy Global) Company Details
4.2.2 Komatsu (Joy Global) Business Overview
4.2.3 Komatsu (Joy Global) Underground Mining Equipment Introduction
4.2.4 Komatsu (Joy Global) Revenue in Underground Mining Equipment Business (2020-2025)
4.2.5 Komatsu (Joy Global) Recent Development
4.3 Volvo
4.3.1 Volvo Company Details
4.3.2 Volvo Business Overview
4.3.3 Volvo Underground Mining Equipment Introduction
4.3.4 Volvo Revenue in Underground Mining Equipment Business (2020-2025)
4.3.5 Volvo Recent Development
4.4 Hitachi Construction Machinery
4.4.1 Hitachi Construction Machinery Company Details
4.4.2 Hitachi Construction Machinery Business Overview
4.4.3 Hitachi Construction Machinery Underground Mining Equipment Introduction
4.4.4 Hitachi Construction Machinery Revenue in Underground Mining Equipment Business (2020-2025)
4.4.5 Hitachi Construction Machinery Recent Development
4.5 Sandvik
4.5.1 Sandvik Company Details
4.5.2 Sandvik Business Overview
4.5.3 Sandvik Underground Mining Equipment Introduction
4.5.4 Sandvik Revenue in Underground Mining Equipment Business (2020-2025)
4.5.5 Sandvik Recent Development
4.6 Atlas Copco
4.6.1 Atlas Copco Company Details
4.6.2 Atlas Copco Business Overview
4.6.3 Atlas Copco Underground Mining Equipment Introduction
4.6.4 Atlas Copco Revenue in Underground Mining Equipment Business (2020-2025)
4.6.5 Atlas Copco Recent Development
4.7 Metso
4.7.1 Metso Company Details
4.7.2 Metso Business Overview
4.7.3 Metso Underground Mining Equipment Introduction
4.7.4 Metso Revenue in Underground Mining Equipment Business (2020-2025)
4.7.5 Metso Recent Development
4.8 ThyssenKrupp
4.8.1 ThyssenKrupp Company Details
4.8.2 ThyssenKrupp Business Overview
4.8.3 ThyssenKrupp Underground Mining Equipment Introduction
4.8.4 ThyssenKrupp Revenue in Underground Mining Equipment Business (2020-2025)
4.8.5 ThyssenKrupp Recent Development
4.9 Liebherr-International
4.9.1 Liebherr-International Company Details
4.9.2 Liebherr-International Business Overview
4.9.3 Liebherr-International Underground Mining Equipment Introduction
4.9.4 Liebherr-International Revenue in Underground Mining Equipment Business (2020-2025)
4.9.5 Liebherr-International Recent Development
4.10 ZMJ
4.10.1 ZMJ Company Details
4.10.2 ZMJ Business Overview
4.10.3 ZMJ Underground Mining Equipment Introduction
4.10.4 ZMJ Revenue in Underground Mining Equipment Business (2020-2025)
4.10.5 ZMJ Recent Development
4.11 FLSmidth
4.11.1 FLSmidth Company Details
4.11.2 FLSmidth Business Overview
4.11.3 FLSmidth Underground Mining Equipment Introduction
4.11.4 FLSmidth Revenue in Underground Mining Equipment Business (2020-2025)
4.11.5 FLSmidth Recent Development
4.12 Doosan Infracore
4.12.1 Doosan Infracore Company Details
4.12.2 Doosan Infracore Business Overview
4.12.3 Doosan Infracore Underground Mining Equipment Introduction
4.12.4 Doosan Infracore Revenue in Underground Mining Equipment Business (2020-2025)
4.12.5 Doosan Infracore Recent Development
4.13 China Coal Group
4.13.1 China Coal Group Company Details
4.13.2 China Coal Group Business Overview
4.13.3 China Coal Group Underground Mining Equipment Introduction
4.13.4 China Coal Group Revenue in Underground Mining Equipment Business (2020-2025)
4.13.5 China Coal Group Recent Development

5 Analysis by Region
5.1 Global Underground Mining Equipment Market Size by Region
5.1.1 Global Underground Mining Equipment Revenue by Region: 2020 VS 2024 VS 2031
5.1.2 Global Underground Mining Equipment Revenue by Region (2020-2025)
5.1.3 Global Underground Mining Equipment Revenue by Region (2026-2031)
5.1.4 Global Underground Mining Equipment Revenue Market Share by Region (2020-2031)
5.2 North America Underground Mining Equipment Revenue (2020-2031)
5.3 Europe Underground Mining Equipment Revenue (2020-2031)
5.4 Asia-Pacific Underground Mining Equipment Revenue (2020-2031)
5.5 South America Underground Mining Equipment Revenue (2020-2031)
5.6 Middle East & Africa Underground Mining Equipment Revenue (2020-2031)

6 Market Scenario by Region & Country
6.1 Global Underground Mining Equipment Revenue by Region & Country: 2020 Versus 2024 Versus 2031
6.2 Global Underground Mining Equipment Revenue by Region & Country (2020-2031)
6.3 North America Underground Mining Equipment Market Facts & Figures by Country
6.3.1 North America Underground Mining Equipment Revenue by Country: 2020 VS 2024 VS 2031
6.3.2 North America Underground Mining Equipment Revenue by Country (2020-2031)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe Underground Mining Equipment Market Facts & Figures by Country
6.4.1 Europe Underground Mining Equipment Revenue by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Underground Mining Equipment Revenue by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific Underground Mining Equipment Market Facts & Figures by Region
6.5.1 Asia Pacific Underground Mining Equipment Market Size by Region: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Underground Mining Equipment Revenue by Region (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 China Taiwan
6.5.9 Indonesia
6.5.10 Thailand
6.5.11 Malaysia
6.6 South America Underground Mining Equipment Market Facts & Figures by Country
6.6.1 South America Underground Mining Equipment Market Size by Country: 2020 VS 2024 VS 2031
6.6.2 South America Underground Mining Equipment Revenue by Country
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Argentina
6.7 Middle East and Africa Underground Mining Equipment Market Facts & Figures by Country
6.7.1 Middle East and Africa Underground Mining Equipment Market Size by Country: 2020 VS 2024 VS 2031
6.7.2 Middle East and Africa Underground Mining Equipment Revenue by Country
6.7.3 Turkey
6.7.4 Saudi Arabia
6.7.5 UAE

7 Segment by Type
7.1 Global Underground Mining Equipment Revenue by Type (2020-2025)
7.2 Global Underground Mining Equipment Revenue by Type (2026-2031)
7.3 Global Underground Mining Equipment Revenue Market Share by Type (2020-2031)

8 Segment by Application
8.1 Global Underground Mining Equipment Revenue by Application (2020-2025)
8.2 Global Underground Mining Equipment Revenue by Application (2026-2031)
8.3 Global Underground Mining Equipment Revenue Market Share by Application (2020-2031)

9 Industry Chain and Sales Channels Analysis
9.1 Underground Mining Equipment Industry Chain Analysis
9.2 Underground Mining Equipment Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Underground Mining Equipment Production Mode & Process
9.4 Underground Mining Equipment Sales and Marketing
9.4.1 Underground Mining Equipment Sales Channels
9.4.2 Underground Mining Equipment Distributors
9.5 Underground Mining Equipment Customers

10 Research Findings and Conclusion

11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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