UAE Underground Mining Equipment Market Size & Outlook
UAE underground mining equipment market, 2018-2030 (US$M)
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UAE underground mining equipment market highlights
- The UAE underground mining equipment market generated a revenue of USD 427.5 million in 2024 and is expected to reach USD 653.0 million by 2030.
- The UAE market is expected to grow at a CAGR of 7.3% 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.
Underground mining equipment market data book summary
| Market revenue in 2024 | USD 427.5 million |
| Market revenue in 2030 | USD 653.0 million |
| Growth rate | 7.3% (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, UAE accounted for 1.0% 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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UAE 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 27.16% in 2024. Horizon Databook has segmented the UAE 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 UAE’s growing construction and infrastructure sector is driving the market's growth, which has created an increase in demand for locally sourced raw materials. For instance, the ongoing development of large-scale projects such as Dubai Urban Master Plan 2040 and Expo City Dubai requires substantial quantities of limestone and aggregates, directly boosting the need for mining operations.
Advanced underground equipment plays a critical role in meeting this demand by enabling high-volume and high precision material extraction. Another key factor is the UAE’s investment in sustainable and automated mining solutions, aligning with its long-term environmental goals under the UAE Net Zero by 2050 initiative.
Mining companies in the UAE are increasingly adopting eco-friendly and automated underground equipment to reduce emissions and improve operational efficiency. For example, the introduction of electric-powered underground loaders and drilling systems in mining operations reflects the trend toward greener mining practices.
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Target buyers of UAE underground mining equipment market databook
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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 UAE underground mining equipment market , including forecasts for subscribers. This country databook contains high-level insights into UAE underground mining equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE underground mining equipment market size, by equipment, 2018-2030 (US$M)
UAE Underground Mining Equipment Market Outlook Share, 2024 & 2030 (US$M)
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