China Underground Mining Equipment Market Size & Outlook
China underground mining equipment market, 2018-2030 (US$M)
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China underground mining equipment market highlights
- The China underground mining equipment market generated a revenue of USD 8,135.7 million in 2024 and is expected to reach USD 12,200.3 million by 2030.
- The China market is expected to grow at a CAGR of 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 8,135.7 million |
| Market revenue in 2030 | USD 12,200.3 million |
| Growth rate | 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, China accounted for 18.8% 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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China 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 28.37% in 2024. Horizon Databook has segmented the China 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 China is experiencing substantial growth, bolstered by the country's dominant position in the global mining sector. As one of the leading producers of more than 20 metals—including aluminum, coal, gold, and rare earths—the country plays a crucial role in meeting the increasing global demand for minerals.
As per the U.S. Geological Survey, the country has accounted for about 40-50% of global mineral demand over the past three decades, indicating a robust market for mining operations. Although China imports a significant portion of its minerals, domestic production remains a key contributor to the supply of nearly all commodities.
With over 1,500 major mining operations, approximately 75% of which are underground, the market for advanced underground mining equipment in the country has always been robust and expected to be on an upward trajectory.
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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 China underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into China underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China underground mining equipment market size, by equipment, 2018-2030 (US$M)
China Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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