Australia Underground Mining Equipment Market Size & Outlook
Australia underground mining equipment market, 2018-2030 (US$M)
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Australia underground mining equipment market highlights
- The Australia underground mining equipment market generated a revenue of USD 2,615.0 million in 2024 and is expected to reach USD 4,092.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.7% 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 2,615.0 million |
| Market revenue in 2030 | USD 4,092.3 million |
| Growth rate | 7.7% (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, Australia accounted for 6.1% 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 Asia Pacific, China underground mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- Indonesia is the fastest growing regional market in Asia Pacific and is projected to reach USD 397.5 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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Australia 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 27.02% in 2024. Horizon Databook has segmented the Australia 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 Australia is poised for substantial growth, bolstered by the mining industry’s significant contribution to the economy, which accounted for around 13.6% of the total GDP in 2023.
This strategy aims to create jobs, bolster local processing of raw materials, and ensure that a greater share of minerals are refined within Australia. As the world's largest producer of lithium and one of the top five producers of gold, iron ore, lead, zinc, and nickel, Australia is one of the key countries in the global mining industry.
Additionally, it holds the largest uranium resources and the fourth-largest black coal reserves worldwide. Ranked as the 4th-largest mining country globally—following China, U.S., and Russia—Australia represents a significant market for high-tech mining equipment, creating ample opportunities for suppliers, including those from the U.S.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into Australia underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia underground mining equipment market size, by equipment, 2018-2030 (US$M)
Australia Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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