Underground Mining Equipment Market Analysis by Region, Population, Commodity, Electrification and Forecast to 2030
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Explore the following trends and analysis from our ‘Underground Mining Equipment’ market report:
- Understand the breakdown of equipment counts by region (Asia Pacific, Australasia, Europe, Former Soviet Union, Middle East & Africa, North America, and South & Central America)
- Analyze the major mining countries such as Australia, Canada, Chile, China, India, Indonesia, Peru, Russia, South Africa, and the US.
- Assess the total population by commodity to set smart business goals.
- Learn the market shares of the leading OEMs by type of machine and region.
How is our ‘Underground Mining Equipment’ report unique from other reports in the market?
- Assess the current populations of underground mining trucks and LHDs by country and region and by key commodity to get a better understanding of the market.
- Predict counts of each machine through to 2030.
- Analyze the key OEMs in each segment and region.
- Evaluate the current scale of electrification of underground mining trucks and LHDs.
We recommend this valuable source of information to anyone involved in:
- Mining Companies
- Heavy Industry /Automobiles Companies and Manufacturers
- Primes/OEMs/Mining Technology Enterprises
- Technology Leaders and Startups
- Business Development and Market Intelligence
- Investment Analysts and Portfolio Managers
- Professional Services – Investment Banks, PE/VC firms
- M&A/Investment, Management Consultants, and Consulting Firms
To Get a Snapshot of the Underground Mining Equipment Market Report
Underground Mining Equipment Market Report Overview
The total number of underground mining trucks and loaders/LHDs in underground mines in 2023 was estimated at 22,927. The market is expected to record a CAGR of more than 1% during 2023-2030.
Underground Mining Equipment Market Outlook 2023-2030
Buy the Full Report for Additional Insights on the Underground Mining Equipment Market Forecast
The underground mining equipment market research report provides detailed data and forecasts for underground mining trucks and underground loaders/LHDs. The data gathered is based on GlobalData’s extensive mine-site research and equipment models to provide a complete view of equipment counts globally, with breakdowns by each major region and key mining country. The report also includes breakdowns by each major commodity – including copper and gold.
Market Size (2023) | 22,927 |
CAGR (2023-2030) | >1% |
Key Types | · Underground Loaders/LHDs
· Underground Mining Trucks |
Key Regions | • Asia-Pacific
• Europe • Former Soviet Union • Middle East and Africa • North America • Oceania • South and Central America |
Key Retailers | · Sandvik
· Caterpillar · Epiroc · Volvo · Zibo God Rock Mining Machinery |
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Underground Mining Equipment Market Segmentation by Type
The key types in the underground mining equipment market are underground mining trucks and underground loaders/LHDs. Underground loaders/LHDs led the underground mining equipment market.
Underground Mining Equipment Market Analysis by Type
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Underground Mining Equipment Market Segmentation by Regions
The key regions in the underground mining equipment market are Asia-Pacific, Europe, the Former Soviet Union, the Middle East and Africa, North America, Oceania, and South and Central America. Asia-Pacific led the underground mining equipment market. It is followed by Europe.
Underground Mining Equipment Market Analysis by Regions
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Underground Mining Equipment Market – Competitive Landscape
A few of the leading retailers in the underground mining equipment market are:
- Sandvik
- Caterpillar
- Epiroc
- Volvo
- Zibo God Rock Mining Machinery
Sandvik has been determined as the market leader in both trucks and loaders/LHDs segments, with Caterpillar being at second and Epiroc coming to third place.
Underground Mining Equipment Market Analysis by Company, 2022 (%)
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Sandvik
Epiroc
Volvo
Komatsu
Table of Contents
Frequently asked questions
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What was the underground mining equipment market size in 2023?
The total number of underground mining trucks and loaders/LHDs in underground mines in 2023 is estimated at 22,927.
-
What is the growth rate of the underground mining equipment market?
The underground mining equipment market is expected to record a CAGR of more than 1% during 2023-2030.
-
Which is the leading type in the Underground mining equipment market?
Underground loaders/LHDs led the underground mining equipment market.
-
Which are the leading retailers in the underground mining equipment market?
A few of the leading retailers in the underground mining equipment market are Sandvik, Caterpillar, Epiroc, Volvo, and Zibo God Rock Mining Machinery among others.
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