Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Underground Mining Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Underground Mining Equipment. This report contains market size and forecasts of Underground Mining Equipment in global, including the following market information:
Global Underground Mining Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Underground Mining Equipment market was valued at US$ 23410 million in 2022 and is projected to reach US$ 36390 million by 2029, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Underground Mining Equipment companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Underground Mining Equipment Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Underground Mining Equipment Market Segment Percentages, by Type, 2022 (%)
Longwall
Room and Pillar
Global Underground Mining Equipment Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Underground Mining Equipment Market Segment Percentages, by Application, 2022 (%)
Coal Mining
Metal Mining
Mineral Mining
Global Underground Mining Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Underground Mining Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Underground Mining Equipment revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Underground Mining Equipment revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Caterpillar
Komatsu (Joy Global)
Volvo
Hitachi Construction Machinery
Sandvik
Atlas Copco
Metso
ThyssenKrupp
Liebherr-International
ZMJ
FLSmidth
Doosan Infracore
China Coal Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Underground Mining Equipment, market overview.
Chapter 2: Global Underground Mining Equipment market size in revenue.
Chapter 3: Detailed analysis of Underground Mining Equipment company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Underground Mining Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
