Brazil Underground Mining Equipment Market Size & Outlook
Brazil underground mining equipment market, 2018-2030 (US$M)
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Brazil underground mining equipment market highlights
- The Brazil underground mining equipment market generated a revenue of USD 1,098.1 million in 2024 and is expected to reach USD 1,414.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.3% 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 1,098.1 million |
| Market revenue in 2030 | USD 1,414.7 million |
| Growth rate | 4.3% (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, Brazil accounted for 2.5% 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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Brazil 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 28.88% in 2024. Horizon Databook has segmented the Brazil 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 country produced around 483.1 million metric tonnes of minerals in 2022 as per World Mining Data the demand for which stems from various industries. For instance, the construction industry in Brazil contributes significantly to the underground mining equipment market.
Rapid urbanization and infrastructure projects, such as subway expansions in Sao Paulo and Rio de Janeiro, rely on the extraction of raw materials like aggregates, limestone, and gypsum. Specialized equipment like tunneling machines, road headers, and conveyor systems are essential to meeting the growing demand for construction materials.
This interdependence between mining and construction underscores the importance of robust underground mining solutions to sustain development.
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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 Brazil underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into Brazil underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil underground mining equipment market size, by equipment, 2018-2030 (US$M)
Brazil Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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