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.
This report contains market size and forecasts of Underground Mining Equipment in Global, including the following market information:
Global Underground Mining Equipment Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Underground Mining Equipment market was valued at 23410 million in 2021 and is projected to reach US$ 36390 million by 2028, at a CAGR of 6.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Longwall Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Underground Mining Equipment include Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, Atlas Copco, Metso, ThyssenKrupp and Liebherr-International, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Underground Mining Equipment companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Underground Mining Equipment Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Underground Mining Equipment Market Segment Percentages, by Type, 2021 (%)
Longwall
Room and Pillar
Global Underground Mining Equipment Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Underground Mining Equipment Market Segment Percentages, by Application, 2021 (%)
Coal Mining
Metal Mining
Mineral Mining
Global Underground Mining Equipment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Underground Mining Equipment Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Underground Mining Equipment revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Underground Mining Equipment revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Caterpillar
Komatsu (Joy Global)
Volvo
Hitachi Construction Machinery
Sandvik
Atlas Copco
Metso
ThyssenKrupp
Liebherr-International
ZMJ
FLSmidth
Doosan Infracore
China Coal Group