Global Underground Mining Equipment Market Size & Outlook
Global underground mining equipment market, 2018-2030 (US$M)
Related Markets
Global underground mining equipment market highlights
- The global underground mining equipment market generated a revenue of USD 43,188.6 million in 2024 and is expected to reach USD 58,153.6 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.1% by 2030.
- In terms of segment, load haul dump (lhd) accounted for a revenue of USD 11,825.3 million in 2024.
- Load Haul Dump (LHD) is the most lucrative equipment segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Indonesia is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 43,188.6 million |
| Market revenue in 2030 | USD 58,153.6 million |
| Growth rate | 5.1% (CAGR from 2025 to 2030) |
| Largest segment | Load haul dump (lhd) |
| Fastest growing segment | Load Haul Dump (LHD) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shuttle Cars, Load Haul Dump (LHD), Articulated Vehicles, Underground Mining Trucks, Scooptrams, Drills, Bolters, Other Equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 26.9% of the global underground mining equipment market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Indonesia is the fastest growing regional market and is projected to reach USD 397.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Underground Mining Equipment Market Scope
Underground Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global underground mining equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to underground mining equipment market will help companies and investors design strategic landscapes.
Load haul dump (lhd) was the largest segment with a revenue share of 27.38% in 2024. Horizon Databook has segmented the Global underground mining equipment market based on shuttle cars, load haul dump (lhd), articulated vehicles, underground mining trucks, scooptrams, drills, bolters, other equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Underground Mining Equipment Equipment Outlook (Revenue, USD Million, 2018-2030)
- Shuttle Cars
- Load Haul Dump (LHD)
- Articulated Vehicles
- Underground Mining Trucks
- Scooptrams
- Drills
- Bolters
- Other Equipment
- Global Underground Mining Equipment Mining Technique Outlook (Revenue, USD Million, 2018-2030)
- Room and Pillar
- Longwall Mining
- Blast Mining
- Other Mining Technique
- Global Underground Mining Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Coal Mining
- Metal Mining
- Mineral Mining
Reasons to subscribe to Global underground mining equipment market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global underground mining equipment market databook
-
Our clientele includes a mix of underground mining equipment market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global underground mining equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global underground mining equipment market size, by regions, 2018-2030 (US$M)
Top 10 countries: Underground mining equipment market size, 2024 (US$M)
Global underground mining equipment market share, by equipment, 2024 & 2030 (%, US$M)
Underground mining equipment market: Opportunity assessment by country
Global underground mining equipment market, by region, 2024 (US$M)
| Equipment | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 10,530.2 | 10,995.5 | 9,959.8 | 10,224.2 | 10,651.0 | 11,108.5 | 11,599.5 | 12,127.0 | 12,694.5 | 13,305.5 | 13,964.3 | 14,675.6 | 15,444.4 | 4.9% |
| Europe | 8,109.6 | 7,630.4 | 7,243.6 | 7,261.8 | 6,917.0 | 6,801.6 | 6,748.1 | 6,631.1 | 6,566.5 | 6,444.8 | 6,418.2 | 6,378.8 | 6,311.9 | -1.1% |
| Asia Pacific | 13,805.3 | 14,694.6 | 13,566.9 | 14,204.0 | 15,072.2 | 16,012.5 | 17,032.2 | 18,139.4 | 19,343.2 | 20,653.9 | 22,083.1 | 23,643.5 | 25,349.9 | 6.9% |
| Latin America | 2,904.9 | 3,074.2 | 2,822.2 | 2,936.8 | 3,092.1 | 3,259.4 | 3,439.8 | 3,634.6 | 3,835.3 | 4,053.4 | 4,259.6 | 4,489.1 | 4,738.2 | 5.5% |
| MEA | 3,624.3 | 3,839.8 | 3,528.0 | 3,661.9 | 3,882.3 | 4,117.5 | 4,369.0 | 4,638.2 | 4,926.5 | 5,235.8 | 5,567.9 | 5,924.9 | 6,309.2 | 6.3% |
| Overall | 38,974.2 | 40,234.5 | 37,120.4 | 38,288.7 | 39,614.5 | 41,299.5 | 43,188.6 | 45,170.2 | 47,366.0 | 49,693.4 | 52,293.2 | 55,112.0 | 58,153.6 | 5.1% |
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
