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A Underground Mining Equipment Market Research Report by Types of Mining Methods (Room & Pillar Extraction, Longwall Extraction), by Application (Coal Mining, Metal Mining, Mineral Mining), and by Region (North America, Europe

Publisher Market Research Future
Published Oct 11, 2025
Length 128 Pages
SKU # RESFT20580227

Description

The Underground Mining Equipment Market is expected to generate USD 47,072.7 million by 2032, witnessing a 4.9% CAGR during the forecast period. The underground mining equipment market revolves around sophisticated machinery that facilitates the extraction of minerals from underground deposits in an efficient and safe manner. Following rapid technological innovation and increasing mineral demand, it is still of utmost importance for global industrial development.

Growing Mining Investment Landscape
The geologically sound Latin America, with an abundance of mineral reserves, mainly in Brazil, Chile, and Peru, is a major attraction for heavy mining investments. The ramping up of mining operations in the region is calling out for an enormous amount of underground mining machinery, which by itself is a further market growth accelerator.

Overview of Mining Methods and Applications
By Types of Mining Methods
• Room & Pillar Extraction: Traditional method ensuring structural stability underground.
• Longwall Extraction: High-efficiency method using automated shearers.
By Application
• Coal Mining: Focused on extracting coal for energy production.
• Metal Mining: Targets valuable metals like copper and iron.
• Mineral Mining: Involves the extraction of non-metallic minerals and ores.


Regional Perspectives
The need for underground mining equipment globally is increasing as countries are becoming more focused on productivity, safety, and environmental friendliness. While North America and Europe are putting the accent on innovation and cleaner technologies, Asia-Pacific is leading in the production of coal and metals. At the same time, the Latam, Middl East, and Africa regions are becoming important markets with rising mining activities and strategic purchases of the latest underground equipment.

Strategic Opportunities Ahead
Collaborations between mining and energy companies to upgrade the aging mining infrastructure and the implementation of supportive government policies are some of the factors that are fostering innovation and the realization of long-term market sustainability.

Key Report Attributes
• Market Size 2023: USD 30,704.4 Million
• Market Size 2032: USD 47,072.7 Million
• CAGR (2024-2032): 4.9%
• Base Year: 2023
• Market Forecast Period: 2024-2032

Market Segmentation Growth
• By Types of Mining Methods: Room & Pillar Extraction - 4.6%, Longwall Extraction - 5.2%.
• By Application: Coal Mining - 4.6%, Metal Mining - 5.7%.

Table of Contents

128 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.5.3 Primary Research: Regional Coverage
3.6 Approaches For Market Size Estimation:
3.6.1 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increased Demand Of Coal From Energy Sector Is Driving The Market Growth
4.2.2 Growing Demand Of Metal From Manufacturing Industries And Technological Advancements And Automation
4.2.3 Supportive Government Policies Are Driving The Growth Of The Market
4.2.4 Driver Impact Analysis
4.3 Restraints
4.3.1 Stringent Regulations On The Use Of Coal, Operational Challenges And Maintenance Issues Possess A Challenge For The
Market To Growth
4.3.2 Restraint Impact Analysis
4.4 Opportunity
4.4.1 Integration Of Mining And Energy Companies And Modernization Of Aging Infrastructure
5 Market Factor Analysis
5.1 Global Underground Mining Equipment Industry Outlook
5.2 Supply Chain Analysis
5.2.1 Raw Material Suppliers
5.2.2 Underground Mining Equipment Manufacturers
5.2.3 Distribution & Sales Channel
5.2.4 End-users
5.3 Porter’s Five Forces Model
5.3.1 Threat Of New Entrants
5.3.2 Bargaining Power Of Suppliers
5.3.3 Bargaining Power Of Buyers
5.3.4 Threat Of Substitutes
5.3.5 Intensity Of Rivalry
5.4 Impact Of Covid-19 On Global Underground Mining Equipment Market
5.4.1 Economic Impact
5.4.2 Impact On Production
5.4.3 Impact On Supply Chain
5.4.4 Impact On Raw Material
5.4.5 Impact On Cash Flow Constrains
6 Global Underground Mining Equipment Market, By Types Of Mining Methods …. 46
6.1 Introduction
6.2 Room & Piller Extraction
6.3 Longwall Extraction
7 Global Underground Mining Equipment Market, By Application
7.1 Introduction
7.2 Coal Mining
7.3 Metal Mining
7.4 Mineral Mining
8 Global Underground Mining Equipment Market, By Region
8.1 Overview
8.2 North America
8.2.1 Us
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 Russia
8.3.3 Poland
8.3.4 Rest Of Europe
8.4 Asia-pacific
8.4.1 China
8.4.2 India
8.4.3 Indonesia
8.4.4 Australia & New Zealand
8.4.5 Rest Of Asia-pacific
8.5 Middle East & Africa
8.5.1 Gcc Countries
8.5.2 South Africa
8.5.3 Rest Of Middle East & Africa
8.6 Latin America
8.6.1 Brazil
8.6.2 Mexico
8.6.3 Argentina
8.6.4 Rest Of Latin America
9 Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis, 2023
9.3 List Of Key Players By Region
9.4 Competitor Dashboard
9.5 Key Developments & Growth Strategies
9.5.1 Product Launch And Developments
9.5.2 Expansion
9.5.3 Partnership
9.5.4 Merger And Acquisition
9.5.5 Announcements
10 Company Profiles
10.1 Komatsu
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offered
10.1.4 Key Developments
10.1.5 Swot Analysis
10.1.6 Key Strategies
10.2 Caterpillar
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offered
10.2.4 Key Developments
10.2.5 Swot Analysis
10.2.6 Key Strategies
10.3 Sandvik
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offered
10.3.4 Key Developments
10.3.5 Swot Analysis
10.3.6 Key Strategies
10.4 Epiroc
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offered
10.4.4 Key Developments
10.4.5 Swot Analysis
10.4.6 Key Strategies
10.5 Hitachi Construction Machinery
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offered
10.5.4 Key Developments
10.5.5 Swot Analysis
10.5.6 Key Strategies
10.6 Liebherr Group
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offered
10.6.4 Key Developments
10.6.5 Swot Analysis
10.6.6 Key Strategies
10.7 Volvo Ab
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offered
10.7.4 Key Developments
10.7.5 Swot Analysis
10.7.6 Key Strategies
10.8 Metso Corporation
10.8.1 Company Overview
10.8.2 Financial Overview
10.8.3 Products Offered
10.8.4 Key Developments
10.8.5 Swot Analysis
10.8.6 Key Strategies
10.9 Flsmidth Group
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offered
10.9.4 Key Developments
10.9.5 Swot Analysis
10.9.6 Key Strategies
10.10 Boart Longyear
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Products Offered
10.10.4 Key Developments
10.10.5 Swot Analysis
10.10.6 Key Strategies
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 Global Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 3 Global Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 4 Global Underground Mining Equipment Market, By Region, 2019-2032 (Usd Million)
Table 5 North America: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 6 North America: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 7 North America: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 8 Us: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 9 Us: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 10 Canada: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 11 Canada: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 12 Europe: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 13 Europe: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 14 Europe: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 15 Germany: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 16 Germany: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 17 Russia: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 18 Russia: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 19 Poland: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 20 Poland: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 21 Rest Of Europe: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 22 Rest Of Europe: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 23 Asia-pacific: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 24 Asia-pacific: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 25 Asia-pacific: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 26 China: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 27 China: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 28 India: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 29 India: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 30 Indonesia: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 31 Indonesia: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 32 Australia & New Zealand: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 33 Australia & New Zealand: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 34 Rest Of Asia-pacific: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 35 Rest Of Asia-pacific: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 36 Middle East & Africa: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 37 Middle East & Africa: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 38 Middle East & Africa: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 39 Gcc Countries: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 40 Gcc Countries: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 41 South Africa: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 42 South Africa: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 43 Rest Of Middle East & Africa: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 44 Rest Of Middle East & Africa: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 45 Latin America: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 46 Latin America: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 47 Latin America: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 48 Brazil: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 49 Brazil: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 50 Mexico: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 51 Mexico: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 52 Argentina: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 53 Argentina: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 54 Rest Of Latin America: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 55 Rest Of Latin America: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 56 North America: Underground Mining Equipment Market Share Analysis. 2023
Table 57 Europe: Underground Mining Equipment Market Share Analysis. 2023
Table 58 Asia-pacific: Underground Mining Equipment Market Share Analysis. 2023
Table 59 Middle East & Africa: Underground Mining Equipment Market Share Analysis. 2023
Table 60 Latin America: Underground Mining Equipment Market Share Analysis. 2023
Table 61 List Of Key Players By North America
Table 62 List Of Key Players By Europe
Table 63 List Of Key Players By Asia-pacific
Table 64 List Of Key Players By Middle East & Africa
Table 65 List Of Key Players By Latin America
Table 66 Product Launch And Developments
Table 67 Expansion
Table 68 Partnership
Table 69 Merger And Acquisition
Table 70 Announcements
Table 71 Komatsu: Products Offered
Table 72 Komatsu: Key Developments
Table 73 Caterpillar: Products Offered
Table 74 Caterpillar: Key Developments
Table 75 Sandvik: Products Offered
Table 76 Sandvik: Key Developments
Table 77 Epiroc: Products Offered
Table 78 Epiroc: Key Developments
Table 79 Hitachi Construction Machinery: Products Offered
Table 80 Hitachi Construction Machinery: Key Developments
Table 81 Liebherr Group: Products Offered
Table 82 Liebherr Group: Key Developments
Table 83 Volvo Ab: Products Offered
Table 84 Volvo Ab: Key Developments
Table 85 Metso Corporation: Products Offered
Table 86 Metso Corporation.: Key Developments
Table 87 Flsmidth Group: Products Offered
Table 88 Flsmidth Group: Key Developments
Table 89 Boart Longyear: Products Offered
Table 90 Boart Longyear: Key Developments
List Of Figures
Figure 1 Global Underground Mining Equipment Market: Structure
Figure 2 Market Dynamics: Global Underground Mining Equipment Market
Figure 3 Driver Impact Analysis: Global Underground Mining Equipment Market
Figure 4 Restraint Impact Analysis: Global Underground Mining Equipment Market
Figure 5 Supply Chain Analysis: Global Underground Mining Equipment Market
Figure 6 Porter’s Five Forces Analysis: Global Underground Mining Equipment Market
Figure 7 Global Underground Mining Equipment Market, By Types Of Mining Methods, 2023 (% Share)
Figure 8 Global Underground Mining Equipment Market, By Application, 2023 (% Share)
Figure 9 Global Underground Mining Equipment Market, By Region, 2023 (% Share)
Figure 10 Global Underground Mining Equipment Players: Competitive Analsis, 2023
Figure 11 Competitor Dashboard: Global Underground Mining Equipment Market
Figure 12 Komatsu: Financial Overview Snapshot
Figure 13 Komatsu: Swot Analysis
Figure 14 Caterpillar: Financial Overview Snapshot
Figure 15 Caterpillar.: Swot Analysis
Figure 16 Sandvik: Financial Overview Snapshot
Figure 17 Sandvik: Swot Analysis
Figure 18 Epiroc: Financial Overview Snapshot
Figure 19 Epiroc: Swot Analysis
Figure 20 Hitachi Construction Machinery: Financial Overview Snapshot
Figure 21 Hitachi Construction Machinery: Swot Analysis
Figure 22 Liebherr Group: Financial Overview Snapshot
Figure 23 Liebherr Group: Swot Analysis
Figure 24 Volvo Ab: Financial Overview Snapshot
Figure 25 Volvo Ab: Swot Analysis
Figure 26 Metso Corporation: Financial Overview Snapshot
Figure 27 Metso Corporation: Swot Analysis
Figure 28 Flsmidth Group: Financial Overview Snapshot
Figure 29 Flsmidth Group: Swot Analysis
Figure 30 Boart Longyear: Financial Overview Snapshot
Figure 31 Boart Longyear: Swot Analysis

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