Japan Underground Mining Equipment Market Size & Outlook
Japan underground mining equipment market, 2018-2030 (US$M)
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Japan underground mining equipment market highlights
- The Japan underground mining equipment market generated a revenue of USD 998.1 million in 2024 and is expected to reach USD 1,351.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.2% 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 998.1 million |
| Market revenue in 2030 | USD 1,351.5 million |
| Growth rate | 5.2% (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, Japan accounted for 2.3% 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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Japan 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 28.74% in 2024. Horizon Databook has segmented the Japan 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.
Historically, Japan had several gold mines, including the Sado Mine in Niigata Prefecture and the Konomai Mine in Hokkaido. However, many of these mines have shut down because of decreasing output and other factors. Today, the only gold mine still in commercial operation is the Hishikari Mine, owned by Sumitomo Metal Mining Co.
With limited natural resources, Japan compensates for its lack of raw materials through a vast network of investments in mining operations around the globe. Japanese trading houses, smelters, and mining companies actively seek out partnerships through joint ventures with foreign mining operators.
In many cases, however, Japanese companies typically hold a minority stake in these ventures, which can limit their influence over procurement and operational decisions. As Japan continues to rely on international partnerships for its mining needs, the demand for underground mining equipment remains limited.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Japan underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into Japan underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan underground mining equipment market size, by equipment, 2018-2030 (US$M)
Japan Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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