Mining Equipment Market

Key Highlights of the Report

How are the major segments performing in the Mining Equipment market?

• In 2022, the market was headed by the type of surface mining equipment, which accounted for 40% of worldwide revenue. Rising demand for diamonds, iron ore, coal, and chromium in developing countries is anticipated to create new market opportunities for surface mining equipment during the forecast period.
• In 2022, the market’s top application—coal mining—accounted for 38% of worldwide revenue. Applications for mining equipment in coal mining are anticipated to expand significantly.  The expansion is attributable to the country’s rising need for electricity production.

What is the Market Size of Mining Equipment regarding value?

The global mining equipment market is anticipated to grow at a substantial CAGR of 5.5% in the upcoming years.  The global Mining Equipment industry was estimated to be worth USD 131.8 billion in 2022 and was expected to be worth USD 191.7 billion by 2028.

Which region dominated the mining equipment market?

In 2022, Asia Pacific was the largest region, contributing 35% of worldwide sales.  In the upcoming years, market growth is anticipated to be driven by the growing movement towards renewable energy sources and the adoption of electric vehicles in developing nations like China and India.  The region is predicted to have the quickest rate of growth in the market for mining equipment due to the region’s plentiful resources and rising commodity prices.

Which are the key countries in the mining equipment market?

Presently, China is the world’s top producer of rare earth minerals.  Lithium-ion batteries, which power electric vehicles to computers and cellphones, must be made with rare earth materials.  As a result, in the past 15 years, the demand for rare earth minerals like lithium has increased by 2 to 125000 metric tonnes (MT).  China has announced a few investments in the field to capitalize on this quickly expanding demand for rare earth minerals and further solidify its position as the world’s top producer of rare earth minerals.  As a result, the country’s mining equipment market will expand significantly.

The main factors propelling market expansion in the US include rising mineral mining activity, greater use of cutting-edge mining equipment, and government efforts. Additionally, it is anticipated that the switch from conventional underground mining to cutting-edge, affordable open-pit mining will increase demand for these products.

How is the economy impacting global mining equipment growth?

The increase in inflation rates that many nations have experienced has greatly impacted the market.  Budgets for government organizations have been slashed while spending on the defense industry has fallen.  Market liquidity could deteriorate as well.  The Russia-Ukraine War caused significant losses for businesses that purchased goods from Russia and Ukraine.  Each of the factors has the potential to limit market expansion.  The commercial debut of Covid-19 hurt large companies’ capital expenditures.

What is the competitive environment of the mining equipment market?

Many regional and international firms dominate the mining equipment industry, creating a fiercely competitive market environment.  Major players are employing various techniques to seize a significant market share.  Epiroc introduced Boomer E10 & E20 drill rigs in September 2022.  The drill rigs have automated technology that increases operator productivity and safety and an optional battery-electric driveline for better subsurface conditions and reduced environmental impact.  India’s national coal mining firm, Coal India Limited, said in November 2021 that it would invest INR 40–50000 crore (USD 4.8–6 billion) in CAPEX over the following five years.  The majority of this CAPEX will be used for the extraction and transportation of coal.

Executive Summary

What are the key trends in the Mining Equipment market?

• The mining machinery sector is anticipated to expand due to technological developments and improvements. 3D imaging,Automation, the Internet of Things (IoT), and plasma technology are some technologies revolutionizing the sector.  High-temperature and high-pressure materials and technologies are used to develop these devices.
• The application of telematics in the mining sector has changed the game. The fleet manager receives feedback from Internet of Things (IoT) sensors, ensuring less downtime from faults and assisting in planning maintenance tasks.  Companies are continuously seeking ways to improve their processes due to the increasingly competitive climate across all industries.  This has led to a growth in the demand for automation in the mining sector.  Mine investigation and monitoring are being done with drones.

What is the market understanding of the Mining Equipment Market?

Mining removes materials from the earth, including coal, metals, minerals, water, and oil.  According to the application, the market is divided into metal, mineral, and coal mining.  Mineral processing equipment, surface mining equipment, underground mining equipment, mining drills & breakers, crushing, pulverizing, & screening equipment, and other forms of mining equipment are all featured in the report.  Various pieces of mining equipment are used in mining operations, including excavators, haulers, articulated dump trucks, crawler dozers, and crawler excavators.

Which are the key investments by the mining equipment market players?

To increase their market penetration and meet the shifting technological demand for equipment from various applications, such as non-metal mining, metal mining, and coal mining, manufacturers of mining equipment employ various strategies.  These include mergers, acquisitions, joint ventures, new product developments, and geographic expansion.  For instance, Komatsu announced in December 2022 that it had acquired Germany’s Gelsenkirchen GGH Group to grow its underground mining equipment business.  Due to this acquisition, the company’s presence in the mining industries of Europe, South Africa, and India will grow.  A strategic partnership was signed between Epiroc, the top productivity and sustainability partner for mining and infrastructure development, and AARD Mining Equipment, a South African producer of mining equipment, in August 2022.

Some major players in the mining equipment market are Epiroc; Boart Long year Ltd; Caterpillar Inc; China Coal Energy Group Co. Ltd; Vipeak Mining Machinery Co. Ltd; Henan Baichy Machinery Equipment Co. Ltd; Komatsu Ltd; Guangdong Leimeng Intelligent Equipment Group Co. Ltd; Liebherr; and MetsoQutotec.

What are the Major Driving Factors for the Mining Equipment Market?

The need for mining equipment for uses like metal mining, coal mining, and mineral mining is on the rise, and this is what is driving the growth of the mining equipment market in areas like Asia-Pacific and Europe.  An increase in urban population drives up demand for oil and natural resources, which is predicted to drive up demand for mining equipment and propel the expansion of the mining equipment market.  For instance, around 590 million people worldwide will move into metropolitan areas by 2030.  In addition, for the next 20 years, emerging economies like Asia and Africa are expected to account for more than 50% of global urban expansion.  Global industrialization and urbanization trends are the main drivers of market expansion.  The population has increased significantly during the past few years, increasing mineral consumption.  A further factor supporting the boom in mineral demand is an increase in household earnings, which is beneficial for the market’s expansion.

What are the Major Risks for the Mining Equipment Market?

The COVID-19 pandemic’s continued effects on the mining industry are still unknown, but they significantly influence supply chains and the demand for minerals daily.  Major commodities all experienced significant price decreases; however, in other cases, prices remained stable.  For instance, gold and iron ore demand has climbed while demand for thermal and metallurgical coal has fallen.  According to the current market condition, the mining industry will take 2-3 years to recover.  Mining equipment sales have decreased due to the global mining industry slowing down.

Which is the key equipment type in the mining equipment market?

In 2022, the surface mining equipment type segment dominated the market and was responsible for 40% of worldwide revenue.  Rising demand for iron ore, diamonds, coal, and chromium in developing countries is anticipated to create new market opportunities for surface mining equipment during the forecast period.  As the usage of this equipment grows, it has made it possible for some mining operations to explore high-quality resources and build dams and stable surfaces.  As equipment has improved, underground mining has changed its working procedures.  Underground mining requires a reliable mine transportation system.  Underground mining equipment is an effective piece of equipment for subterranean activities because of its sturdy construction and high impact force, which drives the need for mining equipment over the projection period.

How is the mining equipment market performing in regions?

Over the forecast period, Asia-Pacific is likely to dominate the mining equipment market.  Many of the region’s developing nations have sizable coal-producing regions and coal and metal mining industries, requiring sizable capital investments.  The area has a rising demand for equipment with great energy efficiency, low cost, and low emissions.  Due to its plentiful reserves, Asia-Pacific will dominate the mining equipment market.  Mining businesses have several options in this area because there is a potential for exploring bauxite, iron ore, and coal.  North America, in contrast, will experience its growth rate due to improvements in-car technology.  Large copper, gold, and iron reserves are present in the area, offering prospects for investigation.

Over the forecast period, it is anticipated that rising mining activities and rising investments in mining equipment will lead to enormous market growth.  The International Energy Agency (IEA) estimates that by 2022, global investments in the coal supply chain will total USD 115 billion.  Eighty billion USD of these investments are estimated to come from China and India.  China and India were the two countries with the highest global coal production in 2021.  More than 80% of power generation capacity in these two nations is still devoted to thermal power production.

What are the major players planning for the future of the mining equipment market?

The biggest players in the mining sector now offer on-site services and solutions for parts and equipment repair, including part support and data analytics assistance.  Many rivals in the mining equipment market used acquisition and business expansion as their primary developmental tactics to expand their geographic reach and market their product technologies..

Segmentation of Global Mining Equipment Market-

Global Mining Equipment Market – By Equipment Type

• Underground Mining Equipment
• Surface Mining Equipment
• Crushing, Pulverizing & Screening Equipment
• Drills & Breakers
• Others

Global Mining Equipment Market – By Application

• Metal Mining
• Non-metal Mining
• Coal Mining

Global Mining Equipment Market – By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Underground Mining Equipment Market
2.2. Global Underground Mining Equipment Market, By Product Type
2.3. Global Underground Mining Equipment Market, By Mining Technique:
2.4. Global Underground Mining Equipment Market, By End Users
2.5. Global Underground Mining Equipment Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Underground Mining Equipment Market Value, 2017-2030, (US$ Mn))
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Mining Technique:
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Product Type Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Underground Mining Equipment Market
7.1. Global Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
7.1.1. Overview
7.1.2. Global Underground Mining Equipment Market, By Product Type, 2022 vs 2030 (in%)
7.1.3. Global Underground Mining Equipment Market, By Mining Loaders, 2017-2030 (US$ Mn))
7.1.4. Global Underground Mining Equipment Market, By Mining Trucks, 2017-2030 (US$ Mn))
7.1.5. Global Underground Mining Equipment Market, By Mining Drills, 2017-2030 (US$ Mn))
7.1.6. Global Underground Mining Equipment Market, By Mining Bolters, 2017-2030 (US$ Mn))
7.1.7. Global Underground Mining Equipment Market, By Mining Shearer, 2017-2030 (US$ Mn))
7.1.8. Global Underground Mining Equipment Market, By Continuous Miners, 2017-2030 (US$ Mn))
7.1.9. Global Underground Mining Equipment Market, By Mining Excavators &, 2017-2030 (US$ Mn))
7.1.10. Global Underground Mining Equipment Market, By Mining Scalers, 2017-2030 (US$ Mn))
7.2. Global Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
7.2.1. Overview
7.2.2. Global Underground Mining Equipment Market, By Mining Technique, 2022 vs 2030 (in%)
7.2.3. Global Underground Mining Equipment Market, By Soft Rock Mining, 2017-2030 (US$ Mn))
7.2.4. Global Underground Mining Equipment Market, By Hard Rock Mining, 2017-2030 (US$ Mn))
7.3. Global Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
7.3.1. Overview
7.3.2. Global Underground Mining Equipment Market, By End Users, 2022 vs 2030 (in%)
7.3.3. Global Underground Mining Equipment Market, By Mining Operators, 2017-2030 (US$ Mn))
7.3.4. Global Underground Mining Equipment Market, By Rental Service Provider, 2017-2030 (US$ Mn))

8. North America Underground Mining Equipment Market Analysis
8.1. North America Underground Mining Equipment Market, by Product Type, 2017-2030(US$ Mn))
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Underground Mining Equipment Market, by Mining Technique, 2017-2030(US$ Mn))
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Underground Mining Equipment Market, by End Users, 2017-2030(US$ Mn))
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
8.4.1. U.S.
8.4.1.1. U.S. Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.4.1.2. U.S. Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
8.4.1.3. U.S. Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
8.4.1.4. U.S. Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
8.4.2. Canada
8.4.2.1. Canada Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.4.2.2. Canada Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
8.4.2.3. Canada Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
8.4.2.4. Canada Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))

9. Europe Underground Mining Equipment Market Analysis
9.1. Europe Underground Mining Equipment Market, by Product Type, 2017-2030(US$ Mn))
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Underground Mining Equipment Market, by Mining Technique, 2017-2030(US$ Mn))
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Underground Mining Equipment Market, by End Users, 2017-2030(US$ Mn))
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
9.4.1. Germany
9.4.1.1. Germany Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.1.2. Germany Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
9.4.1.3. Germany Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
9.4.1.4. Germany Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
9.4.2. France
9.4.2.1. France Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.2.2. France Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
9.4.2.3. France Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
9.4.2.4. France Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
9.4.3. UK
9.4.3.1. UK Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.3.2. UK Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
9.4.3.3. UK Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
9.4.3.4. UK Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
9.4.4. Italy
9.4.4.1. Italy Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.4.2. Italy Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
9.4.4.3. Italy Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
9.4.4.4. Italy Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
9.4.5. Spain
9.4.5.1. Spain Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.5.2. Spain Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
9.4.5.3. Spain Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
9.4.5.4. Spain Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.6.2. Rest of Europe Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
9.4.6.3. Rest of Europe Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
9.4.6.4. Rest of Europe Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))

10. Asia Pacific Underground Mining Equipment Market Analysis
10.1. Asia Pacific Underground Mining Equipment Market, by Product Type, 2017-2030(US$ Mn))
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Underground Mining Equipment Market, by Mining Technique, 2017-2030(US$ Mn))
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Underground Mining Equipment Market, by End Users, 2017-2030(US$ Mn))
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
10.4.1. China
10.4.1.1. China Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.1.2. China Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
10.4.1.3. China Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
10.4.1.4. China Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
10.4.2. Japan
10.4.2.1. Japan Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.2.2. Japan Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
10.4.2.3. Japan Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
10.4.2.4. Japan Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
10.4.3. India
10.4.3.1. India Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.3.2. India Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
10.4.3.3. India Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
10.4.3.4. India Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
10.4.4. South Korea
10.4.4.1. South Korea Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.4.2. South Korea Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
10.4.4.3. South Korea Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
10.4.4.4. South Korea Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
10.4.5. South-East Asia
10.4.5.1. South-East Asia Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.5.2. South-East Asia Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
10.4.5.3. South-East Asia Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
10.4.5.4. South-East Asia Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.6.2. Rest of Asia Pacific Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
10.4.6.3. Rest of Asia Pacific Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
10.4.6.4. Rest of Asia Pacific Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))

11. Latin America Underground Mining Equipment Market Analysis
11.1. Latin America Underground Mining Equipment Market, by Product Type, 2017-2030(US$ Mn))
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Underground Mining Equipment Market, by Mining Technique, 2017-2030(US$ Mn))
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Underground Mining Equipment Market, by End Users, 2017-2030(US$ Mn))
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
11.4.1. Brazil
11.4.1.1. Brazil Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.1.2. Brazil Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
11.4.1.3. Brazil Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
11.4.1.4. Brazil Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
11.4.2. Mexico
11.4.2.1. Mexico Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.2.2. Mexico Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
11.4.2.3. Mexico Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
11.4.2.4. Mexico Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.3.2. Rest of Latin America Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
11.4.3.3. Rest of Latin America Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
11.4.3.4. Rest of Latin America Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))

12. Middle East and Africa Underground Mining Equipment Market Analysis
12.1. Middle East and Africa Underground Mining Equipment Market, by Product Type, 2017-2030(US$ Mn))
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Underground Mining Equipment Market, by Mining Technique, 2017-2030(US$ Mn))
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Underground Mining Equipment Market, by End Users, 2017-2030(US$ Mn))
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
12.4.1. GCC Countries
12.4.1.1. GCC Countries Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.1.2. GCC Countries Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
12.4.1.3. GCC Countries Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
12.4.1.4. GCC Countries Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
12.4.2. South Africa
12.4.2.1. South Africa Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.2.2. South Africa Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
12.4.2.3. South Africa Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
12.4.2.4. South Africa Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Underground Mining Equipment Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.3.2. Rest of Middle East and Africa Underground Mining Equipment, By Product Type, 2017-2030 (US$ Mn))
12.4.3.3. Rest of Middle East and Africa Underground Mining Equipment, By Mining Technique, 2017-2030 (US$ Mn))
12.4.3.4. Rest of Middle East and Africa Underground Mining Equipment, By End Users, 2017-2030 (US$ Mn))

13. Company Profiles
13.1. AB Volvo
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Caterpillar Inc.
13.3. Deere & Company
13.4. Doosan Corporation
13.5. Atlas Copco AB
13.6. Hitachi, Ltd.
13.7. Komatsu Ltd,
13.8. Liebherr-International Ag
13.9. Metso Corporation
13.10. Sandvik AB

List of Figures
FIG. 1 Global Underground Mining Equipment Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Underground Mining Equipment Market Segmentation
FIG. 4 Global Underground Mining Equipment Market, by Product Type, 2022 (US$ Mn))
FIG. 5 Global Underground Mining Equipment Market, by Mining Technique, 2022 (US$ Mn))
FIG. 6 Global Underground Mining Equipment Market, by End Users, 2022 (US$ Mn))
FIG. 7 Global Underground Mining Equipment Market, by Geography, 2022 (US$ Mn))
FIG. 8 Attractive Investment Proposition, by Product Type, 2022
FIG. 9 Attractive Investment Proposition, by Mining Technique, 2022
FIG. 10 Attractive Investment Proposition, by End Users, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Underground Mining Equipment Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Underground Mining Equipment Market Manufacturers, 2022
FIG. 14 Global Underground Mining Equipment Market Value Contribution, By Product Type, 2022 & 2030 (Value %)
FIG. 15 Global Underground Mining Equipment Market, by Mining Loaders, Value, 2017-2030 (US$ Mn))
FIG. 16 Global Underground Mining Equipment Market, by Mining Trucks, Value, 2017-2030 (US$ Mn))
FIG. 17 Global Underground Mining Equipment Market, by Mining Drills, Value, 2017-2030 (US$ Mn))
FIG. 18 Global Underground Mining Equipment Market, by Mining Bolters, Value, 2017-2030 (US$ Mn))
FIG. 19 Global Underground Mining Equipment Market, by Mining Shearer, Value, 2017-2030 (US$ Mn))
FIG. 20 Global Underground Mining Equipment Market, by Continuous Miner, Value, 2017-2030 (US$ Mn))
FIG. 21 Global Underground Mining Equipment Market, by Mining Excavators & Shovels, Value, 2017-2030 (US$ Mn))
FIG. 22 Global Underground Mining Equipment Market, by Mining Scalers, Value, 2017-2030 (US$ Mn))
FIG. 23 Global Underground Mining Equipment Market Value Contribution, By Mining Technique, 2022 & 2030 (Value %)
FIG. 24 Global Underground Mining Equipment Market, by Soft Rock Mining, Value, 2017-2030 (US$ Mn))
FIG. 25 Global Underground Mining Equipment Market, by Hard Rock Mining, 2017-2030 (US$ Mn))
FIG. 26 Global Underground Mining Equipment Market Value Contribution, By End Users, 2022 & 2030 (Value %)
FIG. 27 Global Underground Mining Equipment Market, by Mining Operators, Value, 2017-2030 (US$ Mn))
FIG. 28 Global Underground Mining Equipment Market, by Rental Service Provider, 2017-2030 (US$ Mn))
FIG. 29 North America Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 30 U.S. Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 31 Canada Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 32 Europe Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 33 Germany Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 34 France Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 35 U.K. Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 36 Italy Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 37 Spain Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 38 Rest of Europe Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 39 Asia Pacific Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 40 China Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 41 Japan Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 42 India Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 43 South Korea Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 44 South-East Asia Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 45 Rest of Asia Pacific Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 46 Latin America Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 47 Brazil Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 48 Mexico Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 49 Rest of Latin America Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 50 Middle East & Africa Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 51 GCC Countries Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 52 South Africa Underground Mining Equipment Market, 2017-2030 (US$ Mn))
FIG. 53 Rest of Middle East and Africa Underground Mining Equipment Market, 2017-2030 (US$ Mn))

List of Tables
TABLE 1 Market Snapshot: Global Underground Mining Equipment Market
TABLE 2 Global Underground Mining Equipment Market, by Competitive Benchmarking, 2022
TABLE 3 Global Underground Mining Equipment Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Underground Mining Equipment Market, by Key Strategies Analysis, 2022
TABLE 5 Global Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 6 Global Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 7 Global Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 8 Global Underground Mining Equipment Market, by Geography, 2017-2030 (US$ Mn))
TABLE 9 North America Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 10 North America Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 11 North America Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 12 North America Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
TABLE 13 US Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 14 US Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 15 US Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 16 Canada Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 17 Canada Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 18 Canada Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 19 Europe Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 20 Europe Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 21 Europe Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 22 Europe Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
TABLE 23 Germany Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 24 Germany Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 25 Germany Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 26 France Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 27 France Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 28 France Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 29 UK Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 30 UK Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 31 UK Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 32 Italy Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 33 Italy Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 34 Italy Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 35 Spain Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 36 Spain Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 37 Spain Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 38 Rest of Europe Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 39 Rest of Europe Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 40 Rest of Europe Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 41 Asia Pacific Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 42 Asia Pacific Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 43 Asia Pacific Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 44 Asia Pacific Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
TABLE 45 China Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 46 China Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 47 China Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 48 Japan Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 49 Japan Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 50 Japan Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 51 India Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 52 India Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 53 India Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 54 South Korea Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 55 South Korea Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 56 South Korea Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 57 South-East Asia Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 58 South-East Asia Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 59 South-East Asia Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 60 Rest of Asia Pacific Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 61 Rest of Asia Pacific Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 62 Rest of Asia Pacific Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 63 Latin America Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 64 Latin America Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 65 Latin America Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 66 Latin America Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
TABLE 67 Brazil Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 68 Brazil Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 69 Brazil Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 70 Mexico Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 71 Mexico Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 72 Mexico Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 73 Rest of Latin America Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 74 Rest of Latin America Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 75 Rest of Latin America Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 76 Middle East and Africa Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 77 Middle East and Africa Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 78 Middle East and Africa Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 79 Middle East and Africa Underground Mining Equipment Market, by Country, 2017-2030 (US$ Mn))
TABLE 80 GCC Countries Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 81 GCC Countries Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 82 GCC Countries Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 83 South Africa Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 84 South Africa Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 85 South Africa Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))
TABLE 86 Rest of Middle East and Africa Underground Mining Equipment Market, by Product Type, 2017-2030 (US$ Mn))
TABLE 87 Rest of Middle East and Africa Underground Mining Equipment Market, by Mining Technique, 2017-2030 (US$ Mn))
TABLE 88 Rest of Middle East and Africa Underground Mining Equipment Market, by End Users, 2017-2030 (US$ Mn))