Global Underground Mining Equipment Market Growth (Status and Outlook) 2025-2031

Publication ID:

LPI07250882

Publication Date:

July 1, 2025

Pages:

111

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global Underground Mining Equipment market size is predicted to grow from US$ 26910 million in 2025 to US$ 40510 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
Global Underground Mining Equipment key players include Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, etc. Global top five players hold a share about 50%.
North America is the largest market, with a share about 30%, followed by Europe, having a share about 25 percent.
In terms of product, Longwall is the largest segment, with a share about 75%. And in terms of application, the largest application is Coal Mining, followed by Metal Mining, Mineral Mining.
The 鈥淯nderground Mining Equipment Industry Forecast鈥� looks at past sales and reviews total world Underground Mining Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Underground Mining Equipment sales for 2025 through 2031. With Underground Mining Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Underground Mining Equipment industry.
This Insight Report provides a comprehensive analysis of the global Underground Mining Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Underground Mining Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Underground Mining Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Underground Mining Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Underground Mining Equipment.
This report presents a comprehensive overview, market shares, and growth opportunities of Underground Mining Equipment market by product type, application, key players and key regions and countries.
Segmentation by Type:
Longwall
Room and Pillar
Segmentation by Application:
Coal Mining
Metal Mining
Mineral Mining
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Caterpillar
Komatsu (Joy Global)
Volvo
Hitachi Construction Machinery
Sandvik
Atlas Copco
Metso
ThyssenKrupp
Liebherr-International
ZMJ
FLSmidth
Doosan Infracore
China Coal Group

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Underground Mining Equipment Market Size (2020-2031)
2.1.2 Underground Mining Equipment Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Underground Mining Equipment by Country/Region (2020, 2024 & 2031)
2.2 Underground Mining Equipment Segment by Type
2.2.1 Longwall
2.2.2 Room and Pillar
2.3 Underground Mining Equipment Market Size by Type
2.3.1 Underground Mining Equipment Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Underground Mining Equipment Market Size Market Share by Type (2020-2025)
2.4 Underground Mining Equipment Segment by Application
2.4.1 Coal Mining
2.4.2 Metal Mining
2.4.3 Mineral Mining
2.5 Underground Mining Equipment Market Size by Application
2.5.1 Underground Mining Equipment Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Underground Mining Equipment Market Size Market Share by Application (2020-2025)
3 Underground Mining Equipment Market Size by Player
3.1 Underground Mining Equipment Market Size Market Share by Player
3.1.1 Global Underground Mining Equipment Revenue by Player (2020-2025)
3.1.2 Global Underground Mining Equipment Revenue Market Share by Player (2020-2025)
3.2 Global Underground Mining Equipment Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Underground Mining Equipment by Region
4.1 Underground Mining Equipment Market Size by Region (2020-2025)
4.2 Global Underground Mining Equipment Annual Revenue by Country/Region (2020-2025)
4.3 Americas Underground Mining Equipment Market Size Growth (2020-2025)
4.4 APAC Underground Mining Equipment Market Size Growth (2020-2025)
4.5 Europe Underground Mining Equipment Market Size Growth (2020-2025)
4.6 Middle East & Africa Underground Mining Equipment Market Size Growth (2020-2025)
5 Americas
5.1 Americas Underground Mining Equipment Market Size by Country (2020-2025)
5.2 Americas Underground Mining Equipment Market Size by Type (2020-2025)
5.3 Americas Underground Mining Equipment Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Underground Mining Equipment Market Size by Region (2020-2025)
6.2 APAC Underground Mining Equipment Market Size by Type (2020-2025)
6.3 APAC Underground Mining Equipment Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Underground Mining Equipment Market Size by Country (2020-2025)
7.2 Europe Underground Mining Equipment Market Size by Type (2020-2025)
7.3 Europe Underground Mining Equipment Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Underground Mining Equipment by Region (2020-2025)
8.2 Middle East & Africa Underground Mining Equipment Market Size by Type (2020-2025)
8.3 Middle East & Africa Underground Mining Equipment Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Underground Mining Equipment Market Forecast
10.1 Global Underground Mining Equipment Forecast by Region (2026-2031)
10.1.1 Global Underground Mining Equipment Forecast by Region (2026-2031)
10.1.2 Americas Underground Mining Equipment Forecast
10.1.3 APAC Underground Mining Equipment Forecast
10.1.4 Europe Underground Mining Equipment Forecast
10.1.5 Middle East & Africa Underground Mining Equipment Forecast
10.2 Americas Underground Mining Equipment Forecast by Country (2026-2031)
10.2.1 United States Market Underground Mining Equipment Forecast
10.2.2 Canada Market Underground Mining Equipment Forecast
10.2.3 Mexico Market Underground Mining Equipment Forecast
10.2.4 Brazil Market Underground Mining Equipment Forecast
10.3 APAC Underground Mining Equipment Forecast by Region (2026-2031)
10.3.1 China Underground Mining Equipment Market Forecast
10.3.2 Japan Market Underground Mining Equipment Forecast
10.3.3 Korea Market Underground Mining Equipment Forecast
10.3.4 Southeast Asia Market Underground Mining Equipment Forecast
10.3.5 India Market Underground Mining Equipment Forecast
10.3.6 Australia Market Underground Mining Equipment Forecast
10.4 Europe Underground Mining Equipment Forecast by Country (2026-2031)
10.4.1 Germany Market Underground Mining Equipment Forecast
10.4.2 France Market Underground Mining Equipment Forecast
10.4.3 UK Market Underground Mining Equipment Forecast
10.4.4 Italy Market Underground Mining Equipment Forecast
10.4.5 Russia Market Underground Mining Equipment Forecast
10.5 Middle East & Africa Underground Mining Equipment Forecast by Region (2026-2031)
10.5.1 Egypt Market Underground Mining Equipment Forecast
10.5.2 South Africa Market Underground Mining Equipment Forecast
10.5.3 Israel Market Underground Mining Equipment Forecast
10.5.4 Turkey Market Underground Mining Equipment Forecast
10.6 Global Underground Mining Equipment Forecast by Type (2026-2031)
10.7 Global Underground Mining Equipment Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Underground Mining Equipment Forecast
11 Key Players Analysis
11.1 Caterpillar
11.1.1 Caterpillar Company Information
11.1.2 Caterpillar Underground Mining Equipment Product Offered
11.1.3 Caterpillar Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 Caterpillar Main Business Overview
11.1.5 Caterpillar Latest Developments
11.2 Komatsu (Joy Global)
11.2.1 Komatsu (Joy Global) Company Information
11.2.2 Komatsu (Joy Global) Underground Mining Equipment Product Offered
11.2.3 Komatsu (Joy Global) Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Komatsu (Joy Global) Main Business Overview
11.2.5 Komatsu (Joy Global) Latest Developments
11.3 Volvo
11.3.1 Volvo Company Information
11.3.2 Volvo Underground Mining Equipment Product Offered
11.3.3 Volvo Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Volvo Main Business Overview
11.3.5 Volvo Latest Developments
11.4 Hitachi Construction Machinery
11.4.1 Hitachi Construction Machinery Company Information
11.4.2 Hitachi Construction Machinery Underground Mining Equipment Product Offered
11.4.3 Hitachi Construction Machinery Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 Hitachi Construction Machinery Main Business Overview
11.4.5 Hitachi Construction Machinery Latest Developments
11.5 Sandvik
11.5.1 Sandvik Company Information
11.5.2 Sandvik Underground Mining Equipment Product Offered
11.5.3 Sandvik Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Sandvik Main Business Overview
11.5.5 Sandvik Latest Developments
11.6 Atlas Copco
11.6.1 Atlas Copco Company Information
11.6.2 Atlas Copco Underground Mining Equipment Product Offered
11.6.3 Atlas Copco Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 Atlas Copco Main Business Overview
11.6.5 Atlas Copco Latest Developments
11.7 Metso
11.7.1 Metso Company Information
11.7.2 Metso Underground Mining Equipment Product Offered
11.7.3 Metso Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 Metso Main Business Overview
11.7.5 Metso Latest Developments
11.8 ThyssenKrupp
11.8.1 ThyssenKrupp Company Information
11.8.2 ThyssenKrupp Underground Mining Equipment Product Offered
11.8.3 ThyssenKrupp Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 ThyssenKrupp Main Business Overview
11.8.5 ThyssenKrupp Latest Developments
11.9 Liebherr-International
11.9.1 Liebherr-International Company Information
11.9.2 Liebherr-International Underground Mining Equipment Product Offered
11.9.3 Liebherr-International Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 Liebherr-International Main Business Overview
11.9.5 Liebherr-International Latest Developments
11.10 ZMJ
11.10.1 ZMJ Company Information
11.10.2 ZMJ Underground Mining Equipment Product Offered
11.10.3 ZMJ Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 ZMJ Main Business Overview
11.10.5 ZMJ Latest Developments
11.11 FLSmidth
11.11.1 FLSmidth Company Information
11.11.2 FLSmidth Underground Mining Equipment Product Offered
11.11.3 FLSmidth Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 FLSmidth Main Business Overview
11.11.5 FLSmidth Latest Developments
11.12 Doosan Infracore
11.12.1 Doosan Infracore Company Information
11.12.2 Doosan Infracore Underground Mining Equipment Product Offered
11.12.3 Doosan Infracore Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 Doosan Infracore Main Business Overview
11.12.5 Doosan Infracore Latest Developments
11.13 China Coal Group
11.13.1 China Coal Group Company Information
11.13.2 China Coal Group Underground Mining Equipment Product Offered
11.13.3 China Coal Group Underground Mining Equipment Revenue, Gross Margin and Market Share (2020-2025)
11.13.4 China Coal Group Main Business Overview
11.13.5 China Coal Group Latest Developments
12 Research Findings and Conclusion

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