Spain Underground Mining Equipment Market Size & Outlook
Spain underground mining equipment market, 2018-2030 (US$M)
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Spain underground mining equipment market highlights
- The Spain underground mining equipment market generated a revenue of USD 787.3 million in 2024 and is expected to reach USD 610.6 million by 2030.
- The Spain market is expected to grow at a CAGR of -4.1% 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 787.3 million |
| Market revenue in 2030 | USD 610.6 million |
| Growth rate | -4.1% (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, Spain accounted for 1.8% 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 Europe, Russia underground mining equipment market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 1,726.7 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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Spain 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 26.31% in 2024. Horizon Databook has segmented the Spain 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.
Andalusia holds the title of the largest mining producer in Spain and ranks as the second-largest copper producer within the EU. It also excels in marble and gypsum production. The region encompasses two primary mining subsectors that contribute to local development through their extensive supplier networks: the metallic mining sector (including copper and zinc), which represents the majority of the region's mining output, and the non-metallic sector (comprising ornamental rocks, aggregates, and industrial minerals), which is widely distributed throughout the area.
The value chain in regional mining is poised to take advantage of the growing global and EU demand for sustainable raw materials, positioning itself as a leader in advanced technologies and circular processes for environmentally sustainable mining practices.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into Spain underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain underground mining equipment market size, by equipment, 2018-2030 (US$M)
Spain Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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