Middle East & Africa Underground Mining Equipment Market Size & Outlook
Middle East & Africa underground mining equipment market, 2018-2030 (US$M)
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MEA underground mining equipment market highlights
- The MEA underground mining equipment market generated a revenue of USD 4,369.0 million in 2024.
- The market is expected to grow at a CAGR of 6.3% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 4,369.0 million |
| Market revenue in 2030 | USD 6,309.2 million |
| Growth rate | 6.3% (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, MEA region accounted for 10.1% 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.
Key Regions: UAE , U.S. , Japan , Brazil , South Africa
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Underground Mining Equipment Market Scope
Underground Mining Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 27.5% in 2024. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa underground mining equipment market is primarily driven by the region’s abundant mineral resources and the growing investments in mining activities. Countries such as South Africa, Namibia, and Botswana hold substantial reserves of precious metals and minerals, including gold, diamonds, and platinum group metals (PGMs).
These resources play a critical role in the global supply chain, increasing the demand for advanced underground mining equipment to optimize resource extraction and enhance productivity. The region's mining sector benefits from government initiatives and favorable policies that encourage investment in resource exploration and mining projects.
For instance, South Africa’s government has been modernizing its mining regulations to attract foreign direct investment, leading to increased procurement of technologically advanced mining equipment like automated loaders, longwall systems, and drilling machines.
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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 continent-level data and insights on the Middle East & Africa underground mining equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA underground mining equipment market size, by country, 2018-2030 (US$M)
Middle East & Africa Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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