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Underground Mining Machinery-Global Market Insights and Sales Trends 2024
Synopsis
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
The global Underground Mining Machinery market size is expected to reach US$ 29410 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Underground Mining Machinery in various end use industries. The expanding demands from the Mining, Chemical and Other, are propelling Underground Mining Machinery market. Electric Mining Machinery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hydraulic Mining Machinery segment is estimated at % CAGR for the next seven-year period.
Global Underground Mining Equipment key players include Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, etc. Global top five players hold a share about 50%.
North America is the largest market, with a share about 30%, followed by Europe, having a share about 25 percent.
In terms of product, Longwall is the largest segment, with a share about 75%. And in terms of application, the largest application is Coal Mining, followed by Metal Mining, Mineral Mining.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Underground Mining Machinery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Underground Mining Machinery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Underground Mining Machinery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Underground Mining Machinery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Underground Mining Machinery covered in this report include Komatsu, Bel Company, Joy Global, Sandvik Group, Volvo, Hitachi Construction Machine, Boart Longyear Group, Russell Ackoff Company and Singer Smith, etc.
The global Underground Mining Machinery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Komatsu
Bel Company
Joy Global
Sandvik Group
Volvo
Hitachi Construction Machine
Boart Longyear Group
Russell Ackoff Company
Singer Smith
Kenner Metal Company
Liebherr Group
Thyssenkrupp
Global Underground Mining Machinery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Underground Mining Machinery market, Segment by Type:
Electric Mining Machinery
Hydraulic Mining Machinery
Global Underground Mining Machinery market, by Application
Mining
Chemical
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Underground Mining Machinery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Underground Mining Machinery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
The global Underground Mining Machinery market size is expected to reach US$ 29410 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of Underground Mining Machinery in various end use industries. The expanding demands from the Mining, Chemical and Other, are propelling Underground Mining Machinery market. Electric Mining Machinery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hydraulic Mining Machinery segment is estimated at % CAGR for the next seven-year period.
Global Underground Mining Equipment key players include Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, etc. Global top five players hold a share about 50%.
North America is the largest market, with a share about 30%, followed by Europe, having a share about 25 percent.
In terms of product, Longwall is the largest segment, with a share about 75%. And in terms of application, the largest application is Coal Mining, followed by Metal Mining, Mineral Mining.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Underground Mining Machinery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Underground Mining Machinery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Underground Mining Machinery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Underground Mining Machinery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Underground Mining Machinery covered in this report include Komatsu, Bel Company, Joy Global, Sandvik Group, Volvo, Hitachi Construction Machine, Boart Longyear Group, Russell Ackoff Company and Singer Smith, etc.
The global Underground Mining Machinery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Komatsu
Bel Company
Joy Global
Sandvik Group
Volvo
Hitachi Construction Machine
Boart Longyear Group
Russell Ackoff Company
Singer Smith
Kenner Metal Company
Liebherr Group
Thyssenkrupp
Global Underground Mining Machinery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Underground Mining Machinery market, Segment by Type:
Electric Mining Machinery
Hydraulic Mining Machinery
Global Underground Mining Machinery market, by Application
Mining
Chemical
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Underground Mining Machinery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Underground Mining Machinery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Underground Mining Machinery Market Overview
1.1 Underground Mining Machinery Product Overview
1.2 Underground Mining Machinery Market Segment by Type
1.2.1 Electric Mining Machinery
1.2.2 Hydraulic Mining Machinery
1.3 Global Underground Mining Machinery Market Size by Type
1.3.1 Global Underground Mining Machinery Market Size Overview by Type (2018-2029)
1.3.2 Global Underground Mining Machinery Historic Market Size Review by Type (2018-2023)
1.3.3 Global Underground Mining Machinery Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Underground Mining Machinery Sales Breakdown by Type (2018-2023)
1.4.2 Europe Underground Mining Machinery Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Underground Mining Machinery Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Underground Mining Machinery Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Underground Mining Machinery Sales Breakdown by Type (2018-2023)
2 Global Underground Mining Machinery Market Competition by Company
2.1 Global Top Players by Underground Mining Machinery Sales (2018-2023)
2.2 Global Top Players by Underground Mining Machinery Revenue (2018-2023)
2.3 Global Top Players by Underground Mining Machinery Price (2018-2023)
2.4 Global Top Manufacturers Underground Mining Machinery Manufacturing Base Distribution, Sales Area, Product Type
2.5 Underground Mining Machinery Market Competitive Situation and Trends
2.5.1 Underground Mining Machinery Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Underground Mining Machinery Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Underground Mining Machinery as of 2022)
2.7 Date of Key Manufacturers Enter into Underground Mining Machinery Market
2.8 Key Manufacturers Underground Mining Machinery Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Underground Mining Machinery Status and Outlook by Region
3.1 Global Underground Mining Machinery Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Underground Mining Machinery Historic Market Size by Region
3.2.1 Global Underground Mining Machinery Sales in Volume by Region (2018-2023)
3.2.2 Global Underground Mining Machinery Sales in Value by Region (2018-2023)
3.2.3 Global Underground Mining Machinery Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Underground Mining Machinery Forecasted Market Size by Region
3.3.1 Global Underground Mining Machinery Sales in Volume by Region (2024-2029)
3.3.2 Global Underground Mining Machinery Sales in Value by Region (2024-2029)
3.3.3 Global Underground Mining Machinery Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Underground Mining Machinery by Application
4.1 Underground Mining Machinery Market Segment by Application
4.1.1 Mining
4.1.2 Chemical
4.1.3 Other
4.2 Global Underground Mining Machinery Market Size by Application
4.2.1 Global Underground Mining Machinery Market Size Overview by Application (2018-2029)
4.2.2 Global Underground Mining Machinery Historic Market Size Review by Application (2018-2023)
4.2.3 Global Underground Mining Machinery Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Underground Mining Machinery Sales Breakdown by Application (2018-2023)
4.3.2 Europe Underground Mining Machinery Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Underground Mining Machinery Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Underground Mining Machinery Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Underground Mining Machinery Sales Breakdown by Application (2018-2023)
5 North America Underground Mining Machinery by Country
5.1 North America Underground Mining Machinery Historic Market Size by Country
5.1.1 North America Underground Mining Machinery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Underground Mining Machinery Sales in Volume by Country (2018-2023)
5.1.3 North America Underground Mining Machinery Sales in Value by Country (2018-2023)
5.2 North America Underground Mining Machinery Forecasted Market Size by Country
5.2.1 North America Underground Mining Machinery Sales in Volume by Country (2024-2029)
5.2.2 North America Underground Mining Machinery Sales in Value by Country (2024-2029)
6 Europe Underground Mining Machinery by Country
6.1 Europe Underground Mining Machinery Historic Market Size by Country
6.1.1 Europe Underground Mining Machinery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Underground Mining Machinery Sales in Volume by Country (2018-2023)
6.1.3 Europe Underground Mining Machinery Sales in Value by Country (2018-2023)
6.2 Europe Underground Mining Machinery Forecasted Market Size by Country
6.2.1 Europe Underground Mining Machinery Sales in Volume by Country (2024-2029)
6.2.2 Europe Underground Mining Machinery Sales in Value by Country (2024-2029)
7 Asia-Pacific Underground Mining Machinery by Region
7.1 Asia-Pacific Underground Mining Machinery Historic Market Size by Region
7.1.1 Asia-Pacific Underground Mining Machinery Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Underground Mining Machinery Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Underground Mining Machinery Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Underground Mining Machinery Forecasted Market Size by Region
7.2.1 Asia-Pacific Underground Mining Machinery Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Underground Mining Machinery Sales in Value by Region (2024-2029)
8 Latin America Underground Mining Machinery by Country
8.1 Latin America Underground Mining Machinery Historic Market Size by Country
8.1.1 Latin America Underground Mining Machinery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Underground Mining Machinery Sales in Volume by Country (2018-2023)
8.1.3 Latin America Underground Mining Machinery Sales in Value by Country (2018-2023)
8.2 Latin America Underground Mining Machinery Forecasted Market Size by Country
8.2.1 Latin America Underground Mining Machinery Sales in Volume by Country (2024-2029)
8.2.2 Latin America Underground Mining Machinery Sales in Value by Country (2024-2029)
9 Middle East and Africa Underground Mining Machinery by Country
9.1 Middle East and Africa Underground Mining Machinery Historic Market Size by Country
9.1.1 Middle East and Africa Underground Mining Machinery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Underground Mining Machinery Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Underground Mining Machinery Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Underground Mining Machinery Forecasted Market Size by Country
9.2.1 Middle East and Africa Underground Mining Machinery Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Underground Mining Machinery Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Komatsu
10.1.1 Komatsu Company Information
10.1.2 Komatsu Introduction and Business Overview
10.1.3 Komatsu Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Komatsu Underground Mining Machinery Products Offered
10.1.5 Komatsu Recent Development
10.2 Bel Company
10.2.1 Bel Company Company Information
10.2.2 Bel Company Introduction and Business Overview
10.2.3 Bel Company Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bel Company Underground Mining Machinery Products Offered
10.2.5 Bel Company Recent Development
10.3 Joy Global
10.3.1 Joy Global Company Information
10.3.2 Joy Global Introduction and Business Overview
10.3.3 Joy Global Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Joy Global Underground Mining Machinery Products Offered
10.3.5 Joy Global Recent Development
10.4 Sandvik Group
10.4.1 Sandvik Group Company Information
10.4.2 Sandvik Group Introduction and Business Overview
10.4.3 Sandvik Group Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Sandvik Group Underground Mining Machinery Products Offered
10.4.5 Sandvik Group Recent Development
10.5 Volvo
10.5.1 Volvo Company Information
10.5.2 Volvo Introduction and Business Overview
10.5.3 Volvo Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Volvo Underground Mining Machinery Products Offered
10.5.5 Volvo Recent Development
10.6 Hitachi Construction Machine
10.6.1 Hitachi Construction Machine Company Information
10.6.2 Hitachi Construction Machine Introduction and Business Overview
10.6.3 Hitachi Construction Machine Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hitachi Construction Machine Underground Mining Machinery Products Offered
10.6.5 Hitachi Construction Machine Recent Development
10.7 Boart Longyear Group
10.7.1 Boart Longyear Group Company Information
10.7.2 Boart Longyear Group Introduction and Business Overview
10.7.3 Boart Longyear Group Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Boart Longyear Group Underground Mining Machinery Products Offered
10.7.5 Boart Longyear Group Recent Development
10.8 Russell Ackoff Company
10.8.1 Russell Ackoff Company Company Information
10.8.2 Russell Ackoff Company Introduction and Business Overview
10.8.3 Russell Ackoff Company Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Russell Ackoff Company Underground Mining Machinery Products Offered
10.8.5 Russell Ackoff Company Recent Development
10.9 Singer Smith
10.9.1 Singer Smith Company Information
10.9.2 Singer Smith Introduction and Business Overview
10.9.3 Singer Smith Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Singer Smith Underground Mining Machinery Products Offered
10.9.5 Singer Smith Recent Development
10.10 Kenner Metal Company
10.10.1 Kenner Metal Company Company Information
10.10.2 Kenner Metal Company Introduction and Business Overview
10.10.3 Kenner Metal Company Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Kenner Metal Company Underground Mining Machinery Products Offered
10.10.5 Kenner Metal Company Recent Development
10.11 Liebherr Group
10.11.1 Liebherr Group Company Information
10.11.2 Liebherr Group Introduction and Business Overview
10.11.3 Liebherr Group Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Liebherr Group Underground Mining Machinery Products Offered
10.11.5 Liebherr Group Recent Development
10.12 Thyssenkrupp
10.12.1 Thyssenkrupp Company Information
10.12.2 Thyssenkrupp Introduction and Business Overview
10.12.3 Thyssenkrupp Underground Mining Machinery Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Thyssenkrupp Underground Mining Machinery Products Offered
10.12.5 Thyssenkrupp Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Underground Mining Machinery Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Underground Mining Machinery Industrial Chain Analysis
11.4 Underground Mining Machinery Market Dynamics
11.4.1 Underground Mining Machinery Industry Trends
11.4.2 Underground Mining Machinery Market Drivers
11.4.3 Underground Mining Machinery Market Challenges
11.4.4 Underground Mining Machinery Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Underground Mining Machinery Distributors
12.3 Underground Mining Machinery Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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