Home » Automotive & Transportation » Australia Underground Mining Equipment Market

Australia Underground Mining Equipment Market By Product Type (Mining Loaders, Mining Trucks, Mining Drills, Mining Bolters, Mining Shearer); By Mining Technique (Soft Rock Mining, Hard Rock Mining); By End User (Mining Operators, Rental Service Providers); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Australia Underground Mining Equipment Market Size 2024	USD 1,479.77 million
Australia Underground Mining Equipment Market , CAGR	7.90%
Australia Underground Mining Equipment Market Size 2032	USD 2,719.63 million

Market Overview

The Australia Underground Mining Equipment Market is projected to grow from USD 1,479.77 million in 2024 to an estimated USD 2,719.63 million based on 2032, with a compound annual growth rate (CAGR) of 7.90% from 2025 to 2032. This growth reflects rising demand for robust underground loaders, haul trucks, drilling rigs, bolting machines and ventilation systems across gold, copper and nickel mines.

Rapid depletion of high-grade surface ore has pushed mining companies deeper underground, driving demand for low-profile and high-torque equipment. It benefits from government incentives aimed at reducing carbon footprints, which accelerate the shift to battery-electric and hybrid machinery. Rising labor costs encourage automated loading and haulage solutions that boost operational efficiency. Digitalization trends, including real-time telemetry and predictive maintenance platforms, help operators optimize equipment utilization and extend component life. Growing collaboration between OEMs and service providers fosters aftermarket support and equipment-as-a-service models.

Western Australia remains the largest regional segment, accounting for over 40 percent of market revenues, followed by Queensland and South Australia, where new greenfield and brownfield projects are underway. It features a competitive landscape dominated by global OEMs such as Sandvik, Epiroc, Caterpillar, Komatsu and Boart Longyear, alongside regional suppliers offering tailored equipment financing and field service. Strategic partnerships between miners and equipment providers continue to shape market dynamics and secure long-term contracts.

Market Insights

The Australia Underground Mining Equipment Market will grow from USD 1,479.77 million in 2024 to USD 2,719.63 million by 2032 at a 7.90% CAGR, reflecting robust demand for underground loaders, drills and haul trucks.
Depletion of surface ore reserves compels miners to deploy compact, high-torque equipment that performs reliably at greater depths.
Government incentives and strict emissions targets drive uptake of battery-electric and hybrid machinery across new projects.
High capital outlays and constrained access to low-cost financing limit rapid fleet renewals and expansion.
Western Australia captures over 40% of revenues, fueled by large-scale gold, nickel and copper operations requiring advanced underground solutions.
Growing coal and metal developments in Queensland and New South Wales boost demand for haulage systems and telematics platforms.
Regional service hubs and equipment-as-a-service offerings strengthen aftermarket support, minimize downtime and lower total cost of ownership.

Report Scope

This report segments the Australia Underground Mining Equipment Market as follows:

Market Drivers

Depletion of Surface Ore Reserves Fuels Underground Expansion

Depletion of accessible surface ore reserves compels miners to extend operations below ground. The Australia Underground Mining Equipment Market reflects this shift through higher demand for compact loaders and high-torque drill rigs. It drives OEMs to develop equipment capable of handling narrow-vein deposits at greater depths. Manufacturers deliver robust chassis and enhanced powertrains for tougher underground conditions. Operators benefit from modular designs that simplify maintenance and reduce downtime. This factor remains a primary growth engine for the sector.

For instance, Australia ranks among the top five global producers of gold, nickel, lead, iron ore, and zinc, prompting mining companies to invest heavily in advanced underground mining technologies to access deeper deposits and meet increasing global demand

Government Policies Promote Low-Emission Fleets

Federal and state authorities offer incentives that target reduction of mining emissions. The Australia Underground Mining Equipment Market incorporates these incentives into equipment selection criteria. It encourages adoption of battery-electric and hybrid machines in new projects. OEMs align product roadmaps with emissions targets set by regulators. Miners leverage grants and tax rebates to offset capital investment costs. This driver sustains demand for eco-friendly machinery and supports market expansion.

For instance, Australian mining companies are increasingly adopting autonomous and battery-electric mining equipment to comply with government sustainability initiatives and reduce operational emissions

Labor Cost Pressures Accelerate Automation Adoption

Rising labor expenses push mining companies to embrace automation for routine tasks. The Australia Underground Mining Equipment Market adapts by offering remote-control and autonomous haulage solutions. It improves safety by isolating personnel from high-risk zones. OEMs integrate collision-detection systems to prevent equipment mishaps. Service providers train technicians on automated workflows and maintenance protocols. Reduced dependency on manual labor enhances operational efficiency and cost control. It also enables mines to optimize shift schedules without compromising productivity.

Digital Platforms Enhance Equipment Performance and Uptime

Real-time data monitoring transforms maintenance strategies across underground fleets. The Australia Underground Mining Equipment Market uses telematics platforms to track equipment health and performance metrics. It delivers predictive maintenance alerts that prevent unplanned breakdowns. OEMs partner with software firms to enhance analytics capabilities. Miners adjust maintenance schedules based on machine usage reports and component trends. This trend extends component life and lowers total ownership cost.

Market Trends

Shift toward Electrified and Autonomous Platforms

The Australia Underground Mining Equipment Market shows rising uptake of battery-electric vehicles and autonomous loaders. It delivers zero-emission operation that aligns with strict environmental targets. Manufacturers offer integrated sensor suites that enable remote operation from surface control centers. Mining companies leverage autonomous haulage to maintain consistent material flow and reduce human exposure to hazards. OEMs optimize battery management systems for extended shift durations and faster recharge cycles. Collaboration between operators and technology providers accelerates fleet trials and technology validation. This trend boosts productivity and supports meeting sustainability commitments.

For instance, till November 2023, Australia had 16 operational electric mining vehicles, ranking fifth globally in electrification efforts despite being the fourth-largest mining nation

Emphasis on Digital Services and Flexible Ownership Models

The Australia Underground Mining Equipment Market sees growth in equipment-as-a-service and data-driven support programs. It shifts capital investment toward operational expenses and enhances access to advanced machinery. Service providers embed telematics platforms to deliver real-time performance dashboards and maintenance alerts. Mining teams use analytics to schedule downtime during low-production periods. OEMs provide modular components that allow rapid replacement and rollback to previous configurations. Partnerships enable bundled solutions that combine hardware, software and field support in a single contract. This approach extends equipment life cycles and reduces total cost of ownership.

For instance, Australia is recognized as the world’s largest producer of lithium and ranks among the top five producers of gold, nickel, lead, iron ore, and zinc, driving demand for advanced underground mining technologies

Market Challenges

High Capital Investment and Financing Constraints

High cost of purchasing specialized machinery places heavy burden on mining operations. The Australia Underground Mining Equipment Market faces pressure from limited access to low-cost financing. It requires companies to allocate substantial budgets to secure advanced loaders, drills and ventilation systems. Loan approval processes often delay equipment rollout. Currency fluctuations affect equipment pricing and import costs. Lease options fail to cover all customization needs for deep mining operations. This environment slows fleet modernization and restricts project timelines.

For instance, Australia is recognized as the world’s largest producer of lithium and ranks among the top five producers of gold, nickel, lead, iron ore, and zinc.

Complex Technical Integration and Skill Shortages

Integration of automated and electrified solutions demands robust technical infrastructure. The Australia Underground Mining Equipment Market struggles with compatibility between legacy fleets and modern control systems. It relies on skilled technicians to calibrate sensors, manage software and interpret data. Shortage of certified professionals delays deployment of advanced equipment. Training programs lag behind technology upgrades. Remote operation centers require reliable connectivity, which remains scarce in underground settings. This challenge undermines operational efficiency and prolongs adoption cycles.

Market Opportunities

Accelerated Adoption of Retrofit Electrification Solutions

The Australia Underground Mining Equipment Market presents opportunities for retrofit electrification solutions in existing fleets. It allows miners to upgrade diesel-powered equipment to battery-electric platforms without replacing full machines. OEMs can develop modular conversion kits that reduce upfront costs. Offering retrofit services through partnerships with mining companies can open service revenue streams. Training service teams to handle battery systems and electric drivetrains will position vendors as full-service providers. This approach extends equipment life and aligns with decarbonization targets. Developing flexible financing models for retrofits will attract budget-conscious operators.

Widening Opportunities in Emerging Mining Regions

The Australia Underground Mining Equipment Market stands to benefit from projects in Queensland’s Bowen Basin and South Australia’s Gawler Craton. It offers tailored solutions for mid-size operators in emerging sites. OEMs can provide compact equipment and support packages to meet localized conditions. Establishing regional service hubs will reduce downtime and logistics costs. Collaborating with exploration firms can secure early equipment orders. Introducing scalable rental models will lower entry barriers for new mines. Delivering demonstration units on site will accelerate adoption by showcasing performance.

Market Segmentation Analysis

By Commodity Type

The Australia Underground Mining Equipment Market segments into coal, gold, nickel, copper and other minerals. Coal operations account for the largest share due to extensive seam depths and high production volumes. It demands specialized loaders and haulage systems tailored to abrasive environments. Gold extraction drives demand for narrow-vein drills andolters. Nickel and copper projects favor robust drilling rigs and hydraulic bolters. Equipment providers customize offerings to match mineral hardness and deposit characteristics.

By Equipment Type

The Australia Underground Mining Equipment Market divides into loaders, trucks, drills, bolters and others, including feeders, breakers and haulage systems. Loaders lead revenue growth through versatility in confined spaces. It relies on electric-drive platforms to meet emission targets. Trucks follow with high-capacity haulage capabilities for ore transport. Drills support precise blasting and development, while bolters secure roof integrity. Feeder and breaker systems optimize material flow and integration with conveyor networks.

Segments

Based on Commodity Type

Coal
Gold
Nickel
Copper
Other Minerals

Based on Equipment Type

Loaders
Trucks
Drills
Bolters
Others (Feeders Breakers and Haulage Systems)

Based on Mining Method

Longwall Mining
Room and Pillar Mining
Blast Mining
Others (Sublevel Caving)

Based on Application

Coal Mining
Metal Mining
Mineral Mining

Based on Region

New South Wales
Victoria
Queensland
South Australia
Western Australia
Tasmania
Northern Territory
Australian Capital Territory

Regional Analysis

Dominance of Western Australia Drives Equipment Demand

Western Australia accounts for the largest share of the Australia Underground Mining Equipment Market thanks to its extensive gold, nickel and copper deposits. It requires robust loaders and high-torque drills to navigate deep, narrow ore bodies. Operators invest in electric-drive machinery to meet strict emissions standards and reduce ventilation costs. Remote control centers in Perth manage autonomous fleets across vast mine sites. OEMs collaborate with local service firms to deliver rapid maintenance and spare-parts support. Growing investments in new underground projects reinforce demand for advanced equipment tailored to harsh conditions. This regional strength shapes national market priorities.

Expanding Projects in Queensland and New South Wales Fuel Growth

Queensland’s coalfields and emerging metal mines in New South Wales drive significant uptake of underground loaders and haul trucks. The Australia Underground Mining Equipment Market benefits from state incentives that support clean-energy machinery deployment. It promotes adoption of hybrid rigs and telematics platforms to boost productivity. Mid-tier mining companies leverage equipment-as-a-service models to optimize capital allocation. OEMs establish satellite depots in Brisbane and Newcastle to reduce logistics lead times. Training partnerships with technical institutes ensure skilled operators for automated systems. This dual-state corridor sustains steady market expansion.

Emerging Opportunities in South Australia and Other Regions

South Australia’s Gawler Craton and emerging projects in the Northern Territory present growth avenues for the Australia Underground Mining Equipment Market. It requires flexible haulage systems to handle varying geology and caving methods. OEMs develop regional service hubs in Adelaide and Darwin to support these initiatives. Smaller markets in Victoria and Tasmania drive demand for compact drills and bolters suited to tighter tunnels. Collaborative pilot programs demonstrate equipment performance in remote settings. Providers offer mobile workshops to minimize downtime and travel costs. This diverse regional landscape opens new channels for tailored equipment solutions.

Key players

Epiroc AB
Sandvik
Caterpillar Inc.
Gears Mining
Austin Engineering Ltd.

Competitive Analysi

The Australia Underground Mining Equipment Market features strong competition among global OEMs and regional specialists. Epiroc AB emphasizes modular equipment designs and remote-control technology to secure long-term service contracts. Sandvik leverages digital platforms and predictive maintenance to enhance fleet uptime. Caterpillar Inc. focuses on full-line solutions and integrated financing options to strengthen customer loyalty. Gears Mining competes through custom configuration and rapid deployment for mid-tier projects. Austin Engineering Ltd delivers specialized wear-resistant components and field services to differentiate its offerings. It leads in niche segments requiring robust ground support systems. Aftermarket support and spare-parts availability become key differentiators in remote mine sites. Partnerships between OEMs and technology startups yield tailored digital tools that optimize operations. This competitive landscape drives innovation and service excellence.

Recent Developments

On April 16, 2025, Epiroc won its largest contract ever for autonomous, electric surface mining equipment in Australia, valued at AUD 350 M over five years.

In July 2024, Sandvik won an SEK 300 M underground equipment order from Evolution Mining in Australia, with deliveries beginning Q3 2024.

On June 17, 2024, Gears Mining launched what it claims is the world’s largest mill liner handler machine (8 100 kg capacity) in Toowoomba, Queensland.

On September 13, 2024, Austin Engineering announced “groundbreaking solutions for underground mining” including advanced truck bodies and tyre handlers to boost safety and efficiency.

Market Concentration and Characteristics

The Australia Underground Mining Equipment Market exhibits moderate concentration, with major OEMs commanding significant revenue share while regional specialists serve niche applications. It sees Epiroc, Sandvik and Caterpillar capturing over half of total market value through integrated equipment portfolios and strong service networks. It features high entry barriers driven by capital-intensive manufacturing and strict safety standards. Mid-tier suppliers compete by offering customized retrofit kits and equipment-as-a-service solutions. It benefits from extensive aftermarket support and long-term maintenance contracts. Market characteristics include continuous R&D investments, close operator partnerships and a steady shift toward electrification and digitalization that differentiate competitors.

Report Coverage

The research report offers an in-depth analysis based on Commodity Type, Equipment Type, Mining Method, Application and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

Integration of AI-driven maintenance will enable predictive service scheduling, reducing unplanned downtime and optimizing cost management. Manufacturers and operators will collaborate to refine machine-learning models with local performance data and enhance digital-twin simulations for deeper insights into equipment health.

Battery-electric drivetrains will gain broader acceptance, with OEMs releasing retrofit kits and purpose-built models that match diesel performance. Mining companies will install high-capacity charging hubs underground to support extended shifts and improve energy efficiency.

Autonomous loaders and haul trucks will move from pilot trials to full-scale deployment, improving safety by removing personnel from hazardous zones. Integration with surface control centers will streamline operations and maintain consistent material flow across multi-site networks.

5G and private LTE networks will deliver real-time data transmission underground, enabling instant performance monitoring and remote troubleshooting. It will allow rapid firmware updates and over-the-air diagnostics, minimizing interruptions and boosting equipment availability.

OEMs will introduce modular sub-components that simplify upgrades and shorten maintenance cycles. Standardized interfaces for powertrains, control systems and battery packs will let operators customize machines to specific mine layouts and commodity requirements.

Shift toward equipment-as-a-service offerings will let mines convert capital expenditure into predictable operating costs. Service agreements will bundle hardware, software, spare parts and field support under one contract to streamline fleet management.

Next-generation collision-avoidance sensors and proximity detection systems will become mandatory across new fleets. It will strengthen compliance with tightening regulations and support continuous monitoring of operator behavior and environmental conditions.

New underground projects in regions like the Gawler Craton and Bowen Basin will drive demand for compact, flexible equipment. Equipment providers will establish regional depots and mobile workshops to deliver rapid response and tailored service packages.

Virtual-reality and augmented-reality platforms will train technicians and operators on complex systems without site visits. It will reduce skill gaps, accelerate technology adoption and support remote troubleshooting by expert engineers.

Manufacturers will enhance component recyclability and establish battery-reuse programs to align with circular-economy goals. It will drive partnerships between OEMs, mining companies and recycling firms to minimize environmental footprints and extend equipment lifecycles.

CHAPTER NO. 1 : INTRODUCTION 19
1.1.1. Report Description 19
Purpose of the Report 19
USP & Key Offerings 19
1.1.2. Key Benefits for Stakeholders 19
1.1.3. Target Audience 20
1.1.4. Report Scope 20
CHAPTER NO. 2 : EXECUTIVE SUMMARY 21
2.1. Australia Underground Mining Equipment Market Snapshot 21
2.1.1. Australia Underground Mining Equipment Market, 2018 – 2032 (Units) (USD Million) 23
2.2. Insights from Primary Respondents 24
CHAPTER NO. 3 : AUSTRALIA UNDERGROUND MINING EQUIPMENT MARKET – INDUSTRY ANALYSIS 25
3.1. Introduction 25
3.2. Market Drivers 26
3.2.1. Increasing Demand for Minerals and Metals 26
3.2.2. Technological Advancements 27
3.3. Market Restraints 28
3.3.1. High Capital Investment and Operating Costs 28
3.4. Market Opportunities 29
3.4.1. Market Opportunity Analysis 29
3.5. Porter’s Five Forces Analysis 30
CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 31
4.1. Company Market Share Analysis – 2024 31
4.1.1. Australia Underground Mining Equipment Market: Company Market Share, by Volume, 2024 31
4.1.2. Australia Underground Mining Equipment Market: Company Market Share, by Revenue, 2024 32
4.1.3. Australia Underground Mining Equipment Market: Top 6 Company Market Share, by Revenue, 2024 32
4.1.4. Australia Underground Mining Equipment Market: Top 3 Company Market Share, by Revenue, 2024 33
4.2. Australia Underground Mining Equipment Market Company Volume Market Share, 2024 34
4.3. Australia Underground Mining Equipment Market Company Revenue Market Share, 2024 35
4.4. Company Assessment Metrics, 2024 36
4.4.1. Stars 36
4.4.2. Emerging Leaders 36
4.4.3. Pervasive Players 36
4.4.4. Participants 36
4.5. Start-ups /SMEs Assessment Metrics, 2024 36
4.5.1. Progressive Companies 36
4.5.2. Responsive Companies 36
4.5.3. Dynamic Companies 36
4.5.4. Starting Blocks 36
4.6. Strategic Developments 37
4.6.1. Acquisitions & Mergers 37
New Equipment Launch 37
Regional Expansion 37
4.7. Key Players Equipment Matrix 38
CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 39
5.1. PESTEL 39
5.1.1. Political Factors 39
5.1.2. Economic Factors 39
5.1.3. Social Factors 39
5.1.4. Technological Factors 39
5.1.5. Environmental Factors 39
5.1.6. Legal Factors 39
5.2. Adjacent Market Analysis 39
CHAPTER NO. 6 : AUSTRALIA UNDERGROUND MINING EQUIPMENT MARKET – BY COMMODITY TYPE SEGMENT ANALYSIS 40
6.1. Australia Underground Mining Equipment Market Overview, by Commodity Type Segment 40
6.1.1. Australia Underground Mining Equipment Market Volume Share, By Commodity Type, 2023 & 2032 41
6.1.2. Australia Underground Mining Equipment Market Revenue Share, By Commodity Type, 2023 & 2032 41
6.1.3. Australia Underground Mining Equipment Market Attractiveness Analysis, By Commodity Type 42
6.1.4. Incremental Revenue Growth Opportunity, by Commodity Type, 2024 – 2032 42
6.1.5. Australia Underground Mining Equipment Market Revenue, By Commodity Type, 2018, 2023, 2027 & 2032 43
6.2. Coal 44
6.3. Gold 45
6.4. Nickel 46
6.5. Copper 47
6.6. Other Minerals 48
CHAPTER NO. 7 : AUSTRALIA UNDERGROUND MINING EQUIPMENT MARKET – BY EQUIPMENT TYPE SEGMENT ANALYSIS 49
7.1. Australia Underground Mining Equipment Market Overview, by Equipment Type Segment 49
7.1.1. Australia Underground Mining Equipment Market Volume Share, By Equipment Type, 2023 & 2032 50
7.1.2. Australia Underground Mining Equipment Market Revenue Share, By Equipment Type, 2023 & 2032 50
7.1.3. Australia Underground Mining Equipment Market Attractiveness Analysis, By Equipment Type 51
7.1.4. Incremental Revenue Growth Opportunity, by Equipment Type, 2024 – 2032 51
7.1.5. Australia Underground Mining Equipment Market Revenue, By Equipment Type, 2018, 2023, 2027 & 2032 52
7.2. Loaders 53
7.3. Trucks 54
7.4. Drills 55
7.5. Bolters 56
7.6. Others (Feeders Breakers and Haulage Systems) 57
CHAPTER NO. 8 : AUSTRALIA UNDERGROUND MINING EQUIPMENT MARKET – BY MINING METHOD SEGMENT ANALYSIS 58
8.1. Australia Underground Mining Equipment Market Overview, by Mining Method Segment 58
8.1.1. Australia Underground Mining Equipment Market Volume Share, By Mining Method, 2023 & 2032 59
8.1.2. Australia Underground Mining Equipment Market Revenue Share, By Mining Method, 2023 & 2032 59
8.1.3. Australia Underground Mining Equipment Market Attractiveness Analysis, By Mining Method 60
8.1.4. Incremental Revenue Growth Opportunity, by Mining Method, 2024 – 2032 60
8.1.5. Australia Underground Mining Equipment Market Revenue, By Mining Method, 2018, 2023, 2027 & 2032 61
8.2. Longwall Mining 62
8.3. Room and Pillar Mining 63
8.4. Blast Mining 64
8.5. Others (Sublevel Caving) 65
CHAPTER NO. 9 : AUSTRALIA UNDERGROUND MINING EQUIPMENT MARKET – BY APPLICATION SEGMENT ANALYSIS 66
9.1. Australia Underground Mining Equipment Market Overview, by Application Segment 66
9.1.1. Australia Underground Mining Equipment Market Volume Share, By Application, 2023 & 2032 67
9.1.2. Australia Underground Mining Equipment Market Revenue Share, By Application, 2023 & 2032 67
9.1.3. Australia Underground Mining Equipment Market Attractiveness Analysis, By Application 68
9.1.4. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 68
9.1.5. Australia Underground Mining Equipment Market Revenue, By Application, 2018, 2023, 2027 & 2032 69
9.2. Coal Mining 70
9.3. Metal Mining 71
9.4. Mineral Mining 72
CHAPTER NO. 10 : AUSTRALIA UNDERGROUND MINING EQUIPMENT MARKET – ANALYSIS 73
10.1.1. Australia Underground Mining Equipment Market Volume, By Commodity Type, 2018 – 2023 (Units) 73
10.1.2. Australia Underground Mining Equipment Market Revenue, By Commodity Type, 2018 – 2023 (USD Million) 74
10.1.3. Australia Underground Mining Equipment Market Volume, By Equipment Type, 2018 – 2023 (Units) 75
10.1.4. Australia Underground Mining Equipment Market Revenue, By Equipment Type, 2018 – 2023 (USD Million) 76
10.1.5. Australia Underground Mining Equipment Market Volume, By Mining Method, 2018 – 2023 (Units) 77
10.1.6. Australia Underground Mining Equipment Market Revenue, By Mining Method, 2018 – 2023 (USD Million) 78
10.1.7. Australia Underground Mining Equipment Market Volume, By Application, 2018 – 2023 (Units) 79
10.1.8. Australia Underground Mining Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 80
CHAPTER NO. 11 : COMPANY PROFILES 81
11.1. Epiroc AB 81
11.1.1. Company Overview 81
11.1.2. Equipment Portfolio 81
11.1.3. Swot Analysis 81
11.1.4. Business Strategy 81
11.1.5. Financial Overview 82
11.2. Sandvik 83
11.3. Caterpillar Inc. 83
11.4. Gears Mining 83
11.5. Austin Engineering Ltd 83
11.6. Company 6 83
11.7. Company 7 83
11.8. Company 8 83
11.9. Company 9 83
11.10. Company 10 83

List of Figures
FIG NO. 1. Australia Underground Mining Equipment Market Volume & Revenue, 2018 – 2032 (Units) (USD Million) 23
FIG NO. 2. Porter’s Five Forces Analysis for Australia Underground Mining Equipment Market 30
FIG NO. 3. Company Share Analysis, 2024 31
FIG NO. 4. Company Share Analysis, 2024 32
FIG NO. 5. Company Share Analysis, 2024 32
FIG NO. 6. Company Share Analysis, 2024 33
FIG NO. 7. Australia Underground Mining Equipment Market – Company Volume Market Share, 2024 34
FIG NO. 8. Australia Underground Mining Equipment Market – Company Revenue Market Share, 2024 35
FIG NO. 9. Australia Underground Mining Equipment Market Volume Share, By Commodity Type, 2023 & 2032 41
FIG NO. 10. Australia Underground Mining Equipment Market Revenue Share, By Commodity Type, 2023 & 2032 41
FIG NO. 11. Market Attractiveness Analysis, By Commodity Type 42
FIG NO. 12. Incremental Revenue Growth Opportunity by Commodity Type, 2024 – 2032 42
FIG NO. 13. Australia Underground Mining Equipment Market Revenue, By Commodity Type, 2018, 2023, 2027 & 2032 43
FIG NO. 14. Australia Underground Mining Equipment Market for Coal, Volume & Revenue (Units) (USD Million) 2018 – 2032 44
FIG NO. 15. Australia Underground Mining Equipment Market for Gold, Volume & Revenue (Units) (USD Million) 2018 – 2032 45
FIG NO. 16. Australia Underground Mining Equipment Market for Nickel, Volume & Revenue (Units) (USD Million) 2018 – 2032 46
FIG NO. 17. Australia Underground Mining Equipment Market for Copper, Volume & Revenue (Units) (USD Million) 2018 – 2032 47
FIG NO. 18. Australia Underground Mining Equipment Market for Other Minerals, Volume & Revenue (Units) (USD Million) 2018 – 2032 48
FIG NO. 19. Australia Underground Mining Equipment Market Volume Share, By Equipment Type, 2023 & 2032 50
FIG NO. 20. Australia Underground Mining Equipment Market Revenue Share, By Equipment Type, 2023 & 2032 50
FIG NO. 21. Market Attractiveness Analysis, By Equipment Type 51
FIG NO. 22. Incremental Revenue Growth Opportunity by Equipment Type, 2024 – 2032 51
FIG NO. 23. Australia Underground Mining Equipment Market Revenue, By Equipment Type, 2018, 2023, 2027 & 2032 52
FIG NO. 24. Australia Underground Mining Equipment Market for Loaders, Volume & Revenue (Units) (USD Million) 2018 – 2032 53
FIG NO. 25. Australia Underground Mining Equipment Market for Trucks, Volume & Revenue (Units) (USD Million) 2018 – 2032 54
FIG NO. 26. Australia Underground Mining Equipment Market for Drills, Volume & Revenue (Units) (USD Million) 2018 – 2032 55
FIG NO. 27. Australia Underground Mining Equipment Market for Bolters, Volume & Revenue (Units) (USD Million) 2018 – 2032 56
FIG NO. 28. Australia Underground Mining Equipment Market for Others (Feeders Breakers and Haulage Systems), Volume & Revenue (Units) (USD Million) 2018 – 2032 57
FIG NO. 29. Australia Underground Mining Equipment Market Volume Share, By Mining Method, 2023 & 2032 59
FIG NO. 30. Australia Underground Mining Equipment Market Revenue Share, By Mining Method, 2023 & 2032 59
FIG NO. 31. Market Attractiveness Analysis, By Mining Method 60
FIG NO. 32. Incremental Revenue Growth Opportunity by Mining Method, 2024 – 2032 60
FIG NO. 33. Australia Underground Mining Equipment Market Revenue, By Mining Method, 2018, 2023, 2027 & 2032 61
FIG NO. 34. Australia Underground Mining Equipment Market for Longwall Mining, Volume & Revenue (Units) (USD Million) 2018 – 2032 62
FIG NO. 35. Australia Underground Mining Equipment Market for Room and Pillar Mining, Volume & Revenue (Units) (USD Million) 2018 – 2032 63
FIG NO. 36. Australia Underground Mining Equipment Market for Blast Mining, Volume & Revenue (Units) (USD Million) 2018 – 2032 64
FIG NO. 37. Australia Underground Mining Equipment Market for Others (Sublevel Caving), Volume & Revenue (Units) (USD Million) 2018 – 2032 65
FIG NO. 38. Australia Underground Mining Equipment Market Volume Share, By Application, 2023 & 2032 67
FIG NO. 39. Australia Underground Mining Equipment Market Revenue Share, By Application, 2023 & 2032 67
FIG NO. 40. Market Attractiveness Analysis, By Application 68
FIG NO. 41. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 68
FIG NO. 42. Australia Underground Mining Equipment Market Revenue, By Application, 2018, 2023, 2027 & 2032 69
FIG NO. 43. Australia Underground Mining Equipment Market for Coal Mining, Volume & Revenue (Units) (USD Million) 2018 – 2032 70
FIG NO. 44. Australia Underground Mining Equipment Market for Metal Mining, Volume & Revenue (Units) (USD Million) 2018 – 2032 71
FIG NO. 45. Australia Underground Mining Equipment Market for Mineral Mining, Volume & Revenue (Units) (USD Million) 2018 – 2032 72

List of Tables
TABLE NO. 1. : Australia Underground Mining Equipment Market: Snapshot 21
TABLE NO. 2. : Drivers for the Australia Underground Mining Equipment Market: Impact Analysis 26
TABLE NO. 3. : Restraints for the Australia Underground Mining Equipment Market: Impact Analysis 28
TABLE NO. 4. : Australia Underground Mining Equipment Market Volume, By Commodity Type, 2018 – 2023 (Units) 73
TABLE NO. 5. : Australia Underground Mining Equipment Market Volume, By Commodity Type, 2024 – 2032 (Units) 73
TABLE NO. 6. : Australia Underground Mining Equipment Market Revenue, By Commodity Type, 2018 – 2023 (USD Million) 74
TABLE NO. 7. : Australia Underground Mining Equipment Market Revenue, By Commodity Type, 2024 – 2032 (USD Million) 74
TABLE NO. 8. : Australia Underground Mining Equipment Market Volume, By Equipment Type, 2018 – 2023 (Units) 75
TABLE NO. 9. : Australia Underground Mining Equipment Market Volume, By Equipment Type, 2024 – 2032 (Units) 75
TABLE NO. 10. : Australia Underground Mining Equipment Market Revenue, By Equipment Type, 2018 – 2023 (USD Million) 76
TABLE NO. 11. : Australia Underground Mining Equipment Market Revenue, By Equipment Type, 2024 – 2032 (USD Million) 76
TABLE NO. 12. : Australia Underground Mining Equipment Market Volume, By Mining Method, 2018 – 2023 (Units) 77
TABLE NO. 13. : Australia Underground Mining Equipment Market Volume, By Mining Method, 2024 – 2032 (Units) 77
TABLE NO. 14. : Australia Underground Mining Equipment Market Revenue, By Mining Method, 2018 – 2023 (USD Million) 78
TABLE NO. 15. : Australia Underground Mining Equipment Market Revenue, By Mining Method, 2024 – 2032 (USD Million) 78
TABLE NO. 16. : Australia Underground Mining Equipment Market Volume, By Application, 2018 – 2023 (Units) 79
TABLE NO. 17. : Australia Underground Mining Equipment Market Volume, By Application, 2024 – 2032 (Units) 79
TABLE NO. 18. : Australia Underground Mining Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 80
TABLE NO. 19. : Australia Underground Mining Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 80

What was the market size in 2023, what is the forecast for 2032, and what is the CAGR?

The Australia Underground Mining Equipment Market reached approximately USD 1,400 million in 2023 and will grow to USD 2,719.63 million by 2032. It will expand at a 7.90% compound annual growth rate over 2025–2032.

What key factors drive growth in this market?

The Australia Underground Mining Equipment Market sees demand from deeper mine developments and strict emissions targets. It also benefits from rising labor costs that push operators toward automation and digital maintenance platforms.

Who are the major equipment providers in this market?

Epiroc, Sandvik and Caterpillar anchor the Australia Underground Mining Equipment Market by offering integrated portfolios and strong service networks. It also features regional specialists delivering retrofit kits and localized support.

How do technological trends shape market developments?

Telematics and predictive maintenance platforms transform the Australia Underground Mining Equipment Market by enabling real-time performance monitoring. It accelerates adoption of battery-electric drivetrains and remote-control systems underground.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

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I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

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