South Africa Underground Mining Equipment Market Size & Outlook
South Africa underground mining equipment market, 2018-2030 (US$M)
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South Africa underground mining equipment market highlights
- The South Africa underground mining equipment market generated a revenue of USD 1,852.1 million in 2024 and is expected to reach USD 2,722.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.6% 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 1,852.1 million |
| Market revenue in 2030 | USD 2,722.1 million |
| Growth rate | 6.6% (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, South Africa accounted for 4.3% 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 Middle East & Africa, South Africa underground mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 653.0 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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South 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 28.46% in 2024. Horizon Databook has segmented the South 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.
South Africa’s underground mining equipment market is experiencing robust growth, fueled by the country’s rich mineral reserves and its position as one of the world’s largest producers of key minerals. As the leading global producer of platinum, the third-largest producer of coal, and a significant player in gold and diamond production, South Africa’s mining industry offers numerous opportunities for both local and international investors.
With a diverse and extensive mineral profile that includes metals such as manganese, vanadium, and chrome, the demand for advanced underground mining equipment is on the rise as mining operations expand and modernize.
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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 South Africa underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa underground mining equipment market size, by equipment, 2018-2030 (US$M)
South Africa Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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