Global Shaft Sinking Equipment Market Growth 2025-2031
Description
The global Shaft Sinking Equipment market size is predicted to grow from US$ 244 million in 2025 to US$ 360 million in 2031; it is expected to grow at a CAGR of 6.7% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Shaft sinking equipment refers to specialized machinery and supporting systems used for excavating vertical or near-vertical shafts such as mine shafts, ventilation shafts, water wells, and other underground shaft structures. These equipment are widely used in mining, geological exploration, underground engineering, hydropower, energy, and urban infrastructure development. Common types of shaft sinking equipment include shaft drilling rigs, rock drills, hoisting systems, winches, ventilation and drainage systems, and shaft lining devices. By working together, these systems facilitate critical operations such as excavation, shaft support, muck removal, drainage, and ventilation, ensuring that shaft sinking projects proceed efficiently and safely. Depending on the construction method, shaft sinking can be manual, mechanized, or hybrid, with mechanized methods becoming increasingly dominant due to their efficiency and safety. As shafts are extended deeper and urban underground development accelerates, shaft sinking equipment must meet higher technical demands, including deep shaft capability, automation, intelligent monitoring, and safety integration. The industry trend is moving toward large-scale, intelligent, and modular equipment to address complex geological conditions and diverse construction needs. The technical level and operational efficiency of shaft sinking equipment are critical to project timelines and safety, making them essential tools in modern underground construction.
Market Development Opportunities & Main Driving FactorsAs global mineral resource extraction moves deeper and urban underground space development accelerates, the shaft sinking equipment market is experiencing steady growth. The increasing demand for deep shafts in metal and rare earth mining, along with urban infrastructure projects such as subways, tunnels, and utility corridors, is driving the need for efficient shaft sinking technologies. Moreover, advancements in automation and intelligent systems are fueling technological upgrades, providing new momentum for market expansion.
Market Challenges, Risks, & RestraintsThe shaft sinking equipment industry faces high technical barriers and substantial R&D investment requirements. Complex construction environments demand exceptional equipment stability and safety. Additionally, global economic volatility and lengthy approval cycles for resource projects may hinder investment progress. In some regions, high market concentration and intense competition present significant challenges for new entrants.
Downstream Demand TrendsDownstream markets are evolving toward deeper shafts, larger diameters, and higher efficiency, placing greater demands on shaft sinking equipment. Mining companies favor intelligent systems that enhance efficiency and reduce labor costs, while urban infrastructure projects emphasize environmental compliance, construction timelines, and safety standards. Equipment with intelligent control, modular design, and remote operation capabilities will be increasingly favored in the future.
LP Information, Inc. (LPI) ' newest research report, the “Shaft Sinking Equipment Industry Forecast” looks at past sales and reviews total world Shaft Sinking Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Shaft Sinking Equipment sales for 2025 through 2031. With Shaft Sinking Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shaft Sinking Equipment industry.
This Insight Report provides a comprehensive analysis of the global Shaft Sinking 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 analyzes the strategies of leading global companies with a focus on Shaft Sinking Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Shaft Sinking Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shaft Sinking 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 Shaft Sinking Equipment.
This report presents a comprehensive overview, market shares, and growth opportunities of Shaft Sinking Equipment market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Boxhole Boring Machine (BBM)
Rise Boring Rigs (RBR)
Shaft Boring Roadheader (SBR)
Shaft Boring Machine (SBM)
Shaft Drilling Jumbo (SDJ)
Vertical Shaft Sinking Machine (VSM)
Segmentation by Application:
Tunnelling
Mining
Construction
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 analysing the company's coverage, product portfolio, its market penetration.
NHI
CRTG
Komatsu
Herrenknecht
Robodrill
Mitsubishi
Kawasaki
Sandvik Mining and Construction
Caterpillar
Ishikawajima-Harima
SKF
Ortech, Inc.
Lily Bearing
Boca Bearings
NSK
GMN Bearing
CeramicSpeed
Park Tool
Key Questions Addressed in this Report
What is the 10-year outlook for the global Shaft Sinking Equipment market?
What factors are driving Shaft Sinking Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Shaft Sinking Equipment market opportunities vary by end market size?
How does Shaft Sinking Equipment break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Shaft sinking equipment refers to specialized machinery and supporting systems used for excavating vertical or near-vertical shafts such as mine shafts, ventilation shafts, water wells, and other underground shaft structures. These equipment are widely used in mining, geological exploration, underground engineering, hydropower, energy, and urban infrastructure development. Common types of shaft sinking equipment include shaft drilling rigs, rock drills, hoisting systems, winches, ventilation and drainage systems, and shaft lining devices. By working together, these systems facilitate critical operations such as excavation, shaft support, muck removal, drainage, and ventilation, ensuring that shaft sinking projects proceed efficiently and safely. Depending on the construction method, shaft sinking can be manual, mechanized, or hybrid, with mechanized methods becoming increasingly dominant due to their efficiency and safety. As shafts are extended deeper and urban underground development accelerates, shaft sinking equipment must meet higher technical demands, including deep shaft capability, automation, intelligent monitoring, and safety integration. The industry trend is moving toward large-scale, intelligent, and modular equipment to address complex geological conditions and diverse construction needs. The technical level and operational efficiency of shaft sinking equipment are critical to project timelines and safety, making them essential tools in modern underground construction.
Market Development Opportunities & Main Driving FactorsAs global mineral resource extraction moves deeper and urban underground space development accelerates, the shaft sinking equipment market is experiencing steady growth. The increasing demand for deep shafts in metal and rare earth mining, along with urban infrastructure projects such as subways, tunnels, and utility corridors, is driving the need for efficient shaft sinking technologies. Moreover, advancements in automation and intelligent systems are fueling technological upgrades, providing new momentum for market expansion.
Market Challenges, Risks, & RestraintsThe shaft sinking equipment industry faces high technical barriers and substantial R&D investment requirements. Complex construction environments demand exceptional equipment stability and safety. Additionally, global economic volatility and lengthy approval cycles for resource projects may hinder investment progress. In some regions, high market concentration and intense competition present significant challenges for new entrants.
Downstream Demand TrendsDownstream markets are evolving toward deeper shafts, larger diameters, and higher efficiency, placing greater demands on shaft sinking equipment. Mining companies favor intelligent systems that enhance efficiency and reduce labor costs, while urban infrastructure projects emphasize environmental compliance, construction timelines, and safety standards. Equipment with intelligent control, modular design, and remote operation capabilities will be increasingly favored in the future.
LP Information, Inc. (LPI) ' newest research report, the “Shaft Sinking Equipment Industry Forecast” looks at past sales and reviews total world Shaft Sinking Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Shaft Sinking Equipment sales for 2025 through 2031. With Shaft Sinking Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shaft Sinking Equipment industry.
This Insight Report provides a comprehensive analysis of the global Shaft Sinking 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 analyzes the strategies of leading global companies with a focus on Shaft Sinking Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Shaft Sinking Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shaft Sinking 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 Shaft Sinking Equipment.
This report presents a comprehensive overview, market shares, and growth opportunities of Shaft Sinking Equipment market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Boxhole Boring Machine (BBM)
Rise Boring Rigs (RBR)
Shaft Boring Roadheader (SBR)
Shaft Boring Machine (SBM)
Shaft Drilling Jumbo (SDJ)
Vertical Shaft Sinking Machine (VSM)
Segmentation by Application:
Tunnelling
Mining
Construction
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 analysing the company's coverage, product portfolio, its market penetration.
NHI
CRTG
Komatsu
Herrenknecht
Robodrill
Mitsubishi
Kawasaki
Sandvik Mining and Construction
Caterpillar
Ishikawajima-Harima
SKF
Ortech, Inc.
Lily Bearing
Boca Bearings
NSK
GMN Bearing
CeramicSpeed
Park Tool
Key Questions Addressed in this Report
What is the 10-year outlook for the global Shaft Sinking Equipment market?
What factors are driving Shaft Sinking Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Shaft Sinking Equipment market opportunities vary by end market size?
How does Shaft Sinking Equipment break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
130 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Shaft Sinking Equipment by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Shaft Sinking Equipment by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
