Global Underground Mining Equipment Market By Application (Coal Mining, Metal Mining and Minerals Mining), By Mining Method (Longwall Extraction and Room and Pillar Extraction) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2030

Key Highlights of the Report

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

• In 2022, the mining trucks segment accounted for the largest share of the market. These trucks move dirt, metals, minerals, and coal in the mining industry.
• In 2022, the soft rock mining segment was anticipated to hold a prominent share of the global underground mining equipment market. Mining operations in soft rock are expected to grow as coal, minerals, oil, shale, potash, and other metals are increasingly demanded.
• In 2022, the rental service provider segment accounted for the largest share of the market. As a result of innovative subscription models and product offerings

What is the Market Size of Underground Mining Equipment regarding value?

The global underground mining equipment market is anticipated to grow at a substantial CAGR of 2.80% in the upcoming years. The global underground mining equipment industry was estimated to be worth USD 15,954.8 million in 2022 and was expected to be worth USD 19,357.2 million by 2028.

Which region dominated the Underground Mining Equipment market?

In 2022, the Asia-Pacific region was anticipated to hold a prominent share of the global underground mining equipment market. There are several opportunities for mining companies in India, as the country has significant exploration potential for bauxite, iron ore, and coal. According to the World Coal Association, India, China, Australia, and Indonesia are among the most prominent coal producers in the world. It is also anticipated that the country’s booming real estate sector will drive demand for metal mining equipment, thereby bolstering the market in the region. In addition, the continuous support by governments of countries in the Asia-Pacific for mining and exploration has provided manufacturers with significant opportunities to develop advanced mining equipment.

How is US Market Performing in the Underground Mining Equipment market?

The USA is expected to dominate the North American underground mining equipment market during the forecast period due to the high demand for improved productivity. Although coal mining is a shrinking industry in the USA, recent operations to recover underground coal mines are spurring demand for new equipment. As a result, manufacturers are releasing advanced equipment that is expected to boost sales in the near future.

How is the economy impacting the global Underground Mining Equipment growth?

Negative impacts are predicted globally, especially in Eastern Europe, the European Union, Eastern & Central Asia, and the United States. As a result, people’s lives and livelihoods have been severely affected, and trade dynamics have been disrupted to a great extent. Ukraine is expected to be adversely affected by ongoing war and uncertainty in Eastern Europe, which will have harsh long-term impacts on Russia. Based on the current update on the conflict and its global responses, the report discusses the implications for demand-supply balances, pricing variations, imports and exports, and short-term recommendations for the United States Underground Mining Equipment Market.

What is the competitive environment of the Underground Mining Equipment market?

The Underground Mining Equipment industry’s competitive environment provides information on the entire economic profit made by suppliers and businesses, the sales and revenues created in this sector, the underground mining equipment market share globally, the business organization summary, the introduction of new products, and the opportunities for the industrial underground mining equipment market. For instance, in September 2021, The Liebherr-International AG introduced the R 9150 G7 excavators for mining applications. These excavators weigh 130 tons/143 tons, have a power rating of 565 KW/757 HP and are powered by a diesel engine. They can load 50 to 100 tons of trucks and are highly productive and accurate.

Executive Summary

What are the key trends in the Underground Mining Equipment market?

GPS sensing, Internet of Things (IoT), and 3D imagery are among the technological advancements being used in underground mining equipment today to observe real-time monitoring as well as to collect underground data of large mines that are less accessible. A Sandvik AB system dubbed ‘Intelligent Automine’ will reduce equipment damage and enhance underground mining efficiency by utilizing unmanned trucks. Many manufacturers are launching hybrid and battery-powered underground mining equipment to capture the global market. Additionally, companies comply with the Safe and Health Administration’s (MSHA) regulations for underground mining operations in coal, mineral, and metal mines.

How are Manufacturers Teaming Up with Stakeholders in Underground Mining Equipment Market?

As part of their efforts to improve sales, leading players invest in research and development to integrate connective technology into underground mining equipment. Moreover, players attempt to gain a competitive edge through mergers, acquisitions, and collaborations. For instance, in January 2022, An artificial intelligence-powered drilling software called Mobius for Drills was launched by Swedish mining equipment company Epiroc. The software integrates sensors to analyze and consolidate data to help operators in real time.

Which are the key investments by the Underground Mining Equipment market players?

Leading players operating in the underground mining equipment market are focusing on expansion in production capacities for mining equipment. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations and creating awareness among manufacturers via different associations formed to promote smart practices to serve more end users in the domestic market to gain a competitive edge. For instance, in December 2022, the Komatsu Group expanded its underground mining equipment business by acquiring Gelsenkirchen GGH Group, a German company. The acquisition will strengthen Komatsu’s presence in Europe, South Africa, and India.

Some major players in the underground mining equipment market are AB Volvo (VOLVO CONSTRUCTION EQUIPMENT), Caterpillar Inc., Deere & Company, Doosan Corporation, Atlas Copco AB (Epiroc AB), Hitachi, Ltd. (HITACHI CONSTRUCTION MACHINERY CO., LTD.), Komatsu Ltd, Liebherr-International Ag, Metso Corporation, Sandvik AB.

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

Increase in the demand for various minerals, such as iron, gold, copper, coal, lead, aluminum, and silver, due to stable economic growth across both developed and developing regions, increasing disposable incomes and an increase in middle-class populations. The demand for underground mining equipment has increased as a result. Due to increasing urbanization and industrialization, there is a substantial increase in coal and nuclear fuel consumption, resulting in a positive impact on underground mining equipment demand. Additionally, underground mining causes a minimal amount of environmental harm as compared to surface mining.

What are the Major Risks for the Underground Mining Equipment Market?

Investing in the mining industry determines the need for new mining machinery, which, in turn, is influenced by global economic conditions. Since used mining machinery has a long life cycle if maintained properly, developing countries like South Africa, Argentina, and Peru typically opt for it. In North America and Europe, such machinery is exported to South America, the Middle East & Africa, and South East Asian countries for a lower price than new mining equipment. This should hinder the sale of new mining equipment in South America, the Middle East & Africa, and South East Asia.

Which is the key Product Type in the Underground Mining Equipment market?

The mining trucks segment is expected to hold a prominent share of the global underground mining equipment market during the forecast period. Diesel machinery generates dangerous fumes that harm operators in underground mining, so the demand for mining trucks is high. Since underground mining machinery is used to move dirt, minerals, metals, and coal, it generates a high demand for trucks. Since underground mining machinery is more likely to be electrified compared to surface mining machinery, experts believe. Additional underground mining equipment, such as mine dozers and hydraulic excavators, will be more likely electrified.

How is the Underground Mining Equipment market performing in regions?

Europe market is anticipated to witness the fastest growth in the global underground mining equipment market during the forecast period. Several key manufacturers dominate the global market, including Atlas Copco AB, Volvo AB, and Sandvik AB. Furthermore, these players are focused on mergers and acquisitions to remain competitive. A three-fourth of Atlas Copco AB’s shares in Mobilaris MCE AB was acquired in June 2017. Mobilaris MCE AB offers advanced software solutions to optimize underground mining operations with enhanced safety.

What is the regulatory landscape for the Underground Mining Equipment market?

As mining machines become more sophisticated and complex, regulatory requirements have also had to be incorporated into designs, increasing their complexity. Introducing new technology into mining machines has often had little impact on the human operators of these machines. The human factors considerations need to be incorporated into the conceptual design phase. If a human factors solution is not feasible, appropriate countermeasures should be considered, such as PWSs.

What are the major players planning for the future of the Underground Mining Equipment market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. For instance, in September 2020, In order to enhance mining operations, Sandvik introduced its AutoMine Concept vehicle, which is built with the latest technology and incorporates completely new sensing capabilities and artificial intelligence. Using 3D perception, the AutoMine Concept responds in real-time to its environment.

REPORT ATTRIBUTE	DETAILS
Underground Mining Equipment Market by Volume	Yes
Underground Mining Equipment Market by Value	Yes
Underground Mining Equipment Market, Tornado Analysis	Yes
Underground Mining Equipment Market, STAR Analysis	Yes
Underground Mining Equipment Market, SRC Analysis	Yes
Underground Mining Equipment Market, Import-Export Data	Yes (On Demand)
Underground Mining Equipment Market Pricing Analysis	Yes (On Demand)
Underground Mining Equipment Market Segment Analysis	By Product Type (Mining Loaders, Mining Trucks, Mining Drills, Mining Bolters, Mining Shearers, Continuous Miners, Mining Excavators & Shovels, and Mining Scalers) By Mining Techniques (Soft Rock Mining and Hard Rock Mining By End Users (Mining Operators and Rental Service Providers)
Underground Mining Equipment Market, Regional Analysis	North America (US and Canada) Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)
Underground Mining Equipment Market Key Companies	AB VOLVO (VOLVO CONSTRUCTION EQUIPMENT), CATERPILLAR INC., DEERE & COMPANY, DOOSAN CORPORATION, Atlas Copco AB (Epiroc AB), HITACHI, LTD. (HITACHI CONSTRUCTION MACHINERY CO., LTD.), KOMATSU LTD, LIEBHERR-INTERNATIONAL AG, METSO CORPORATION, SANDVIK AB
Underground Mining Equipment Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

Segmentation of Global Underground Mining Equipment Market-

Global Underground Mining Equipment Market – By Product Type

• Mining Loaders
• Mining Trucks
• Mining Drills
• Mining Bolters
• Mining Shearer
• Continuous Miners
• Mining Excavators & Shovels
• Mining Scalers

Global Underground Mining Equipment Market – By Mining Technique

• Soft Rock Mining
• Hard Rock Mining

Global Underground Mining Equipment Market – By End Users

• Mining Operators
• Rental Service Provider

Global Underground Mining Equipment Market – By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • 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))