Market Overview
According to DIResearch＇s in-depth investigation and research, the global Underground Mining Equipment market size will reach 29,795 Million USD in 2025 and is projected to reach 47,782 Million USD by 2032, with a CAGR of 6.98% (2025-2032). Notably, the China Underground Mining Equipment market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Underground mining equipment refers to machinery specifically designed for extracting valuable minerals or other geological materials from beneath the Earth＇s surface. These specialized machines are essential in various mining operations, including coal, metal, and mineral extraction. Common types of underground mining equipment include drills, loaders, haul trucks, and continuous miners, each serving a specific purpose in the mining process. The equipment is designed to operate in confined spaces and challenging underground environments, facilitating the extraction of resources while ensuring the safety of miners. Technological advancements in underground mining equipment aim to enhance efficiency, productivity, and safety through features such as automation, remote operation capabilities, and advanced monitoring systems, contributing to the evolution of mining practices.
The major global suppliers of Underground Mining Equipment include Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, Atlas Copco, Metso, ThyssenKrupp, Liebherr-International, ZMJ, FLSmidth, Doosan Infracore, China Coal Group, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Underground Mining Equipment. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major suppliers, as well as the market status and trends of different product types and applications in the global Underground Mining Equipment market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Underground Mining Equipment market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Underground Mining Equipment industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Suppliers of Underground Mining Equipment Include:
Caterpillar
Komatsu (Joy Global)
Volvo
Hitachi Construction Machinery
Sandvik
Atlas Copco
Metso
ThyssenKrupp
Liebherr-International
ZMJ
FLSmidth
Doosan Infracore
China Coal Group
Underground Mining Equipment Product Segment Include:
Longwall
Room and Pillar
Underground Mining Equipment Product Application Include:
Coal Mining
Metal Mining
Mineral Mining
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Underground Mining Equipment Industry PESTEL Analysis
Chapter 3: Global Underground Mining Equipment Industry Porter's Five Forces Analysis
Chapter 4: Global Underground Mining Equipment Major Regional Market Size (Revenue) and Forecast Analysis
Chapter 5: Global Underground Mining Equipment Competitive Analysis of Key Suppliers (Revenue, Market Share, Regional Distribution and Industry Concentration)
Chapter 6: Global Underground Mining Equipment Revenue and Forecast Analysis by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Revenue and Gross Margin)
Chapter 8: Industrial Chain Analysis, Underground Mining Equipment Different Application Market Analysis (Revenue and Forecast) and Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
- 1 Underground Mining Equipment Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Underground Mining Equipment Product by Type
- 1.2.1 Longwall
- 1.2.2 Room and Pillar
- 1.3 Underground Mining Equipment Product by Application
- 1.3.1 Coal Mining
- 1.3.2 Metal Mining
- 1.3.3 Mineral Mining
- 1.4 Global Underground Mining Equipment Market Size Analysis (2020-2032)
- 1.5 Underground Mining Equipment Market Development Status and Trends
- 1.5.1 Underground Mining Equipment Industry Development Status Analysis
- 1.5.2 Underground Mining Equipment Industry Development Trends Analysis
- 2 Underground Mining Equipment Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Underground Mining Equipment Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Underground Mining Equipment Market Analysis by Country
- 4.1 Global Underground Mining Equipment Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Underground Mining Equipment Revenue Analysis by Country (2020-2025)
- 4.1.2 Global Underground Mining Equipment Revenue Forecast Analysis by Country (2026-2032)
- 4.2 United States Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.3 Germany Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.4 Japan Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.5 China Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.6 France Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.7 U.K. Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.8 South Korea Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.9 Canada Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.10 Italy Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.11 Russia Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.12 Mexico Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.13 Brazil Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.14 India Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.15 Vietnam Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.16 Thailand Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 4.17 South Africa Underground Mining Equipment Market Revenue and Growth Rate (2020-2032)
- 5 Competition by Suppliers
- 5.1 Global Underground Mining Equipment Market Revenue by Key Suppliers (2021-2025)
- 5.2 Underground Mining Equipment Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Underground Mining Equipment Competitive Landscape Analysis
- 5.2.2 Global Key Suppliers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Underground Mining Equipment Market Analysis by Type
- 6.1 Global Underground Mining Equipment Market Size Analysis by Type: 2024 VS 2025 VS 2032
- 6.2 Global Underground Mining Equipment Revenue and Forecast Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Caterpillar
- 7.1.1 Caterpillar Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Caterpillar Underground Mining Equipment Product Portfolio
- 7.1.3 Caterpillar Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.2 Komatsu (Joy Global)
- 7.2.1 Komatsu (Joy Global) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Komatsu (Joy Global) Underground Mining Equipment Product Portfolio
- 7.2.3 Komatsu (Joy Global) Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.3 Volvo
- 7.3.1 Volvo Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Volvo Underground Mining Equipment Product Portfolio
- 7.3.3 Volvo Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.4 Hitachi Construction Machinery
- 7.4.1 Hitachi Construction Machinery Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Hitachi Construction Machinery Underground Mining Equipment Product Portfolio
- 7.4.3 Hitachi Construction Machinery Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.5 Sandvik
- 7.5.1 Sandvik Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 Sandvik Underground Mining Equipment Product Portfolio
- 7.5.3 Sandvik Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.6 Atlas Copco
- 7.6.1 Atlas Copco Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Atlas Copco Underground Mining Equipment Product Portfolio
- 7.6.3 Atlas Copco Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.7 Metso
- 7.7.1 Metso Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Metso Underground Mining Equipment Product Portfolio
- 7.7.3 Metso Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.8 ThyssenKrupp
- 7.8.1 ThyssenKrupp Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 ThyssenKrupp Underground Mining Equipment Product Portfolio
- 7.8.3 ThyssenKrupp Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.9 Liebherr-International
- 7.9.1 Liebherr-International Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Liebherr-International Underground Mining Equipment Product Portfolio
- 7.9.3 Liebherr-International Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.10 ZMJ
- 7.10.1 ZMJ Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 ZMJ Underground Mining Equipment Product Portfolio
- 7.10.3 ZMJ Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.11 FLSmidth
- 7.11.1 FLSmidth Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 FLSmidth Underground Mining Equipment Product Portfolio
- 7.11.3 FLSmidth Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.12 Doosan Infracore
- 7.12.1 Doosan Infracore Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 Doosan Infracore Underground Mining Equipment Product Portfolio
- 7.12.3 Doosan Infracore Underground Mining Equipment Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.13 China Coal Group
- 7.13.1 China Coal Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.13.2 China Coal Group Underground Mining Equipment Product Portfolio
- 7.13.3
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