Argentina Underground Mining Equipment Market Size & Outlook
Argentina underground mining equipment market, 2018-2030 (US$M)
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Argentina underground mining equipment market highlights
- The Argentina underground mining equipment market generated a revenue of USD 661.7 million in 2024 and is expected to reach USD 962.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.4% from 2025 to 2030.
- In terms of segment, load haul dump (lhd) was the largest revenue generating equipment in 2024.
- Load Haul Dump (LHD) is the most lucrative equipment segment registering the fastest growth during the forecast period.
Underground mining equipment market data book summary
| Market revenue in 2024 | USD 661.7 million |
| Market revenue in 2030 | USD 962.2 million |
| Growth rate | 6.4% (CAGR from 2025 to 2030) |
| Largest segment | Load haul dump (lhd) |
| Fastest growing segment | Load Haul Dump (LHD) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Argentina accounted for 1.5% of the global underground mining equipment market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil underground mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 962.2 million by 2030.
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Underground Mining Equipment Market Scope
Underground Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 25.84% in 2024. Horizon Databook has segmented the Argentina 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.
Argentina’s prominent mines, such as Veladero and Cerro Moro, are large-scale operations that rely on underground mining to access deeper ore deposits. This has increased the need for high-capacity haul trucks, load-haul-dump machines, and drilling rigs.
In Argentina, mining companies are investing in automation and remote-controlled equipment to improve productivity and address challenges related to worker safety in confined spaces.
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Target buyers of Argentina underground mining equipment market databook
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Our clientele includes a mix of underground mining equipment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into Argentina underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina underground mining equipment market size, by equipment, 2018-2030 (US$M)
Argentina Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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