Product Code: GVR-4-68040-492-8
Underground Mining Equipment Market Summary
The global underground mining equipment market size was estimated at USD 45.17 billion in 2025 and is projected to reach USD 72.9 billion by 2033, growing at a CAGR of 6.4% from 2026 to 2033. Growing demand for coal, metals, and minerals is significantly driving underground mining equipment adoption as industries expand power generation, construction, and manufacturing capacity.
Advancements in automation, tele-remote control, and electrification technologies are enhancing productivity and safety in confined underground environments.Stricter worker safety mandates and emission control regulations are pushing mining companies to adopt equipment with dust suppression, battery-electric propulsion, and improved ventilation efficiency. Investments in longwall mining and room-and-pillar operations are rising to extract high-quality coal and metals efficiently, fueling need for bolters, scooptrams, articulated vehicles, and other underground solutions. Major mining operators are also modernizing fleets to reduce operational downtime and improve asset utilization across coal mining, metal mining, and mineral mining applications.
Global Underground Mining Equipment Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global underground mining equipment market report based on equipment, mining technique, application, and region:
- Equipment Outlook (Revenue, USD Billion, 2021 - 2033)
- Shuttle Cars
- Load Haul Dump (LHD)
- Articulated Vehicles
- Underground Mining Trucks
- Scooptrams
- Drills
- Bolters
- Others
- Mining Technique Outlook (Revenue, USD Billion, 2021 - 2033)
- Room and Pillar
- Longwall Mining
- Blast Mining
- Others
- Application Outlook (Revenue, USD Billion, 2021 - 2033)
- Coal Mining
- Metal Mining
- Mineral Mining
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- Europe
- Poland
- Germany
- France
- Russia
- Spain
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Underground Mining Equipment Market Variables, Trends, & Scope
- 3.1. Market Concentration & Penetration Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Drivers Analysis
- 3.5.2. Market Restraints Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Underground Mining Equipment Market Analysis Tools
- 3.6.1. Porter's Analysis
- 3.6.1.1. Bargaining power of the suppliers
- 3.6.1.2. Bargaining power of the buyers
- 3.6.1.3. Threats of substitution
- 3.6.1.4. Threats from new entrants
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Economic and Social landscape
- 3.6.2.3. Technological landscape
- 3.6.2.4. Environmental landscape
- 3.6.2.5. Legal landscape
- 3.7. Economic Mega Trend Analysis
Chapter 4. Underground Mining Equipment Market: Mining Technique Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Underground Mining Equipment Market: Mining Technique Movement Analysis, 2025 & 2033 (USD Billion)
- 4.3. Shuttle Cars
- 4.3.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4. Load Haul Dump (LHD)
- 4.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.5. Articulated Vehicles
- 4.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.6. Underground Mining Trucks
- 4.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.7. Scooptrams
- 4.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.8. Drills
- 4.8.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.9. Bolters
- 4.9.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.10. Others
- 4.10.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. Underground Mining Equipment Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Underground Mining Equipment Market: Application Movement Analysis, 2025 & 2033 (USD Billion)
- 5.3. Coal Mining
- 5.3.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4. Metal Mining
- 5.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.5. Mineral Mining
- 5.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Underground Mining Equipment Market: Region Estimates & Trend Analysis
- 6.1. Underground Mining Equipment Market Share, By Region, 2025 & 2033, USD Billion
- 6.2. North America
- 6.2.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.2.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.2.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.2.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.2.5. U.S.
- 6.2.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.2.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.2.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.2.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.2.6. Canada
- 6.2.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.2.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.2.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.2.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.2.7. Mexico
- 6.2.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.2.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.2.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.2.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.3. Europe
- 6.3.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.3.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.3.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.3.5. Germany
- 6.3.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.3.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.3.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.3.6. Poland
- 6.3.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.3.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.3.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.3.7. Sweden
- 6.3.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.3.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.3.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.3.8. France
- 6.3.8.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.8.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.3.8.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.3.8.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.3.9. Russia
- 6.3.9.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.9.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.3.9.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.3.9.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.3.10. Spain
- 6.3.10.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.10.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.3.10.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.3.10.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)'
- 6.4. Asia Pacific
- 6.4.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.4.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.4.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.4.5. China
- 6.4.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.4.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.4.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.4.6. India
- 6.4.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.4.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.4.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.4.7. Japan
- 6.4.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.4.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.4.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.4.8. South Korea
- 6.4.8.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.8.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.4.8.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.4.8.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.4.9. Australia
- 6.4.9.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.9.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.4.9.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.4.9.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.4.10. Indonesia
- 6.4.10.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.10.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.4.10.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.4.10.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)'
- 6.5. Latin America
- 6.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.5.5. Brazil
- 6.5.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.5.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.5.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.5.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.5.6. Argentina
- 6.5.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.5.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.5.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.5.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.6.5. UAE
- 6.6.5.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6.5.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.6.5.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.6.5.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.6.6. Saudi Arabia
- 6.6.6.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6.6.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.6.6.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.6.6.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
- 6.6.7. South Africa
- 6.6.7.1. Underground Mining Equipment Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6.7.2. Underground Mining Equipment Market Estimates and Forecasts by Equipment, 2021 - 2033 (USD Billion)
- 6.6.7.3. Underground Mining Equipment Market Estimates and Forecasts by Mining Technique, 2021 - 2033 (USD Billion)
- 6.6.7.4. Underground Mining Equipment Market Estimates and Forecasts by Application, 2021 - 2033 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Positioning
- 7.4. Company Market Share Analysis, 2025
- 7.5. Company Heat Map Analysis, 2025
- 7.6. Strategy Mapping
- 7.7. Company Profiles
- 7.7.1. Caterpillar Inc.
- 7.7.1.1. Participant's Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.1.4. Strategic Initiatives
- 7.7.2. Getman Corporation
- 7.7.2.1. Participant's Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.2.4. Strategic Initiatives
- 7.7.3. Sandvik AB
- 7.7.3.1. Participant's Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.3.4. Strategic Initiatives
- 7.7.4. Komatsu
- 7.7.4.1. Participant's Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.4.4. Strategic Initiatives
- 7.7.5. Sany Group
- 7.7.5.1. Participant's Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.5.4. Strategic Initiatives
- 7.7.6. XCMG Group
- 7.7.6.1. Participant's Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.6.4. Strategic Initiatives
- 7.7.7. Boart Longyear
- 7.7.7.1. Participant's Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.7.4. Strategic Initiatives
- 7.7.8. Epiroc AB
- 7.7.8.1. Participant's Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.8.4. Strategic Initiatives
- 7.7.9. J.H. Fletcher & Co.
- 7.7.9.1. Participant's Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.9.4. Strategic Initiatives
- 7.7.10. SMT Scharf GmbH
- 7.7.10.1. Participant's Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.10.4. Strategic Initiatives
- 7.7.11. Schmidt Kranz & Co & Co. GmbH
- 7.7.11.1. Participant's Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Product Benchmarking
- 7.7.11.4. Strategic Initiatives
- 7.7.12. Zibo God Rock Mining Machinery Co., Ltd
- 7.7.12.1. Participant's Overview
- 7.7.12.2. Financial Performance
- 7.7.12.3. Product Benchmarking
- 7.7.12.4. Strategic Initiatives
- 7.7.13. AB Volvo
- 7.7.13.1. Participant's Overview
- 7.7.13.2. Financial Performance
- 7.7.13.3. Product Benchmarking
- 7.7.13.4. Strategic Initiatives
- 7.7.14. RDH Mining Equipment
- 7.7.14.1. Participant's Overview
- 7.7.14.2. Financial Performance
- 7.7.14.3. Product Benchmarking
- 7.7.14.4. Strategic Initiatives