Asia Pacific Underground Mining Equipment Market Size & Outlook
Asia Pacific underground mining equipment market, 2018-2030 (US$M)
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Asia Pacific underground mining equipment market highlights
- The Asia Pacific underground mining equipment market generated a revenue of USD 17,032.2 million in 2024.
- The market is expected to grow at a CAGR of 6.9% 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.
- Country-wise, Indonesia is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 17,032.2 million |
| Market revenue in 2030 | USD 25,349.9 million |
| Growth rate | 6.9% (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, Asia Pacific region accounted for 39.4% of the global underground mining equipment market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25,349.9 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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Asia Pacific 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 27.46% in 2024. Horizon Databook has segmented the Asia Pacific 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.
The underground mining equipment market in the Asia Pacific region is poised for substantial growth, driven by several key developments across major countries. The region's rich mineral resources, combined with a strategic emphasis on sustainability and technological advancement, are shaping a dynamic mining landscape.
Countries such as China continue to play a crucial role in the global mining sector, maintaining a dominant position in the production of various metals and materials. The robust domestic production capabilities and the government's focus on sustainable mining practices are expected to propel demand for advanced underground mining equipment.
Initiatives aimed at developing green mines emphasize an ongoing commitment to environmentally responsible operations, further fostering innovation within the sector. India is experiencing a similar trajectory, with its expanding steel production and mineral resources driving the need for effective mining solutions.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 continent-level data and insights on the Asia Pacific underground mining equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific underground mining equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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