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The Global Underground Mining Equipment Market is expected to reach $43,237.28 million by 2027 growing at a CAGR of 9.2% during 2020 to 2027. Underground mining is the process of extracting mineral and ores that are buried too far underground. The primary objective of the underground mining is to extract ore from underground as safely and economically as possible while producing as little waste. Factors such as rising various real estate sectors, growing concerns among countries regarding energy security, and increasing number of new construction and reconstruction activities in residential and non-residential sectors are fuelling the market growth. However, strict government regulations regarding reduction of natural non-renewable resources are likely to restraint the market. By application, coal mining segment is expected to grow at a significant rate during the forecast period, due to increasing number of mining activities, especially related to iron ore and coal, in emerging economies such as China, Japan, and India and the demand for coal and coal energy is growing rapidly with growing urbanization. The key vendors mentioned are Hitachi Co. Ltd., Caterpillar Inc., Metso Corporation, Atlas Copco Group, Doosan Group, Sandvik AB, Liebherr Group, Volvo Group, FLSmidth, Komatsu Ltd., General Electric, Emerson Electric Co., Badger Meter Inc., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, Yokogawa Electric Co., and Thyssenkrupp AG. Type Of Mining Methods Covered: • Room and Pillar Extraction • Longwall Extraction • Borehole Mining • Entry Development • Venting • Tunneling Equipment • Crushing & Conveying • Strip Pillar Mining • Thickness-Limited Extraction Type Of Minerals Covered: • Hard Rock Mining • Soft Rock Mining Equipment Types Covered: • Mining Trucks • Mining Loaders • Diggers • Feeder Breakers • Mining Drills • Mining Shearer • Mining Bolters • Continuous Miners • Mining Excavators & Shovels • Mining Scalers • Mineral Processing Equipment • Surface Mining Equipment • Pulverizing, Crushing & Screening Equipment Applications Covered: • Metal Mining • Coal Mining • Mineral Mining End Users Covered: • Rental Service Provider • Mining Operators • Electric Power Industry • Manufacturing Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analysed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Underground Mining Equipment Market, By Type Of Mining Method
5.1 Introduction
5.2 Room and Pillar Extraction
5.3 Longwall Extraction
5.4 Borehole Mining
5.5 Entry Development
5.6 Venting
5.7 Tunneling Equipment
5.8 Crushing & Conveying
5.9 Strip Pillar Mining
5.10 Thickness-Limited Extraction
6 Global Underground Mining Equipment Market, By Type Of Mineral
6.1 Introduction
6.2 Hard Rock Mining
6.3 Soft Rock Mining
7 Global Underground Mining Equipment Market, By Equipment Type
7.1 Introduction
7.2 Mining Trucks
7.3 Mining Loaders
7.4 Diggers
7.5 Feeder Breakers
7.6 Mining Drills
7.7 Mining Shearer
7.8 Mining Bolters
7.9 Continuous Miners
7.10 Mining Excavators & Shovels
7.11 Mining Scalers
7.12 Mineral Processing Equipment
7.13 Surface Mining Equipment
7.14 Pulverizing, Crushing & Screening Equipment
8 Global Underground Mining Equipment Market, By Application
8.1 Introduction
8.2 Metal Mining
8.3 Coal Mining
8.4 Mineral Mining
9 Global Underground Mining Equipment Market, By End User
9.1 Introduction
9.2 Rental Service Provider
9.3 Mining Operators
9.4 Electric Power Industry
9.5 Manufacturing
10 Global Underground Mining Equipment Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape
12.1 Hitachi Co. Ltd.
12.2 Caterpillar Inc.
12.3 Metso Corporation
12.4 Atlas Copco Group
12.5 Doosan Group
12.6 Sandvik AB
12.7 Liebherr Group
12.8 Volvo Group
12.9 FLSmidth
12.10 Komatsu Ltd.
12.11 General Electric
12.12 Emerson Electric Co.
12.13 Badger Meter Inc.
12.14 Honeywell International Inc.
12.15 Rockwell Automation Inc.
12.16 Siemens AG
12.17 Yokogawa Electric Co.
12.18 Thyssenkrupp AG.
List of Data Tables
1 Global Underground Mining Equipment Market Outlook, By Region (2019-2027) ($MN)
2 Global Underground Mining Equipment Market Outlook, By Type Of Mining Method (2019-2027) ($MN)
3 Global Underground Mining Equipment Market Outlook, By Room and Pillar Extraction (2019-2027) ($MN)
4 Global Underground Mining Equipment Market Outlook, By Longwall Extraction (2019-2027) ($MN)
5 Global Underground Mining Equipment Market Outlook, By Borehole Mining (2019-2027) ($MN)
6 Global Underground Mining Equipment Market Outlook, By Entry Development (2019-2027) ($MN)
7 Global Underground Mining Equipment Market Outlook, By Venting (2019-2027) ($MN)
8 Global Underground Mining Equipment Market Outlook, By Tunneling Equipment (2019-2027) ($MN)
9 Global Underground Mining Equipment Market Outlook, By Crushing & Conveying (2019-2027) ($MN)
10 Global Underground Mining Equipment Market Outlook, By Strip Pillar Mining (2019-2027) ($MN)
11 Global Underground Mining Equipment Market Outlook, By Thickness-Limited Extraction (2019-2027) ($MN)
12 Global Underground Mining Equipment Market Outlook, By Type Of Mineral (2019-2027) ($MN)
13 Global Underground Mining Equipment Market Outlook, By Hard Rock Mining (2019-2027) ($MN)
14 Global Underground Mining Equipment Market Outlook, By Soft Rock Mining (2019-2027) ($MN)
15 Global Underground Mining Equipment Market Outlook, By Equipment Type (2019-2027) ($MN)
16 Global Underground Mining Equipment Market Outlook, By Mining Trucks (2019-2027) ($MN)
17 Global Underground Mining Equipment Market Outlook, By Mining Loaders (2019-2027) ($MN)
18 Global Underground Mining Equipment Market Outlook, By Diggers (2019-2027) ($MN)
19 Global Underground Mining Equipment Market Outlook, By Feeder Breakers (2019-2027) ($MN)
20 Global Underground Mining Equipment Market Outlook, By Mining Drills (2019-2027) ($MN)
21 Global Underground Mining Equipment Market Outlook, By Mining Shearer (2019-2027) ($MN)
22 Global Underground Mining Equipment Market Outlook, By Mining Bolters (2019-2027) ($MN)
23 Global Underground Mining Equipment Market Outlook, By Continuous Miners (2019-2027) ($MN)
24 Global Underground Mining Equipment Market Outlook, By Mining Excavators & Shovels (2019-2027) ($MN)
25 Global Underground Mining Equipment Market Outlook, By Mining Scalers (2019-2027) ($MN)
26 Global Underground Mining Equipment Market Outlook, By Mineral Processing Equipment (2019-2027) ($MN)
27 Global Underground Mining Equipment Market Outlook, By Surface Mining Equipment (2019-2027) ($MN)
28 Global Underground Mining Equipment Market Outlook, By Pulverizing, Crushing & Screening Equipment (2019-2027) ($MN)
29 Global Underground Mining Equipment Market Outlook, By Application (2019-2027) ($MN)
30 Global Underground Mining Equipment Market Outlook, By Metal Mining (2019-2027) ($MN)
31 Global Underground Mining Equipment Market Outlook, By Coal Mining (2019-2027) ($MN)
32 Global Underground Mining Equipment Market Outlook, By Mineral Mining (2019-2027) ($MN)
33 Global Underground Mining Equipment Market Outlook, By End User (2019-2027) ($MN)
34 Global Underground Mining Equipment Market Outlook, By Rental Service Provider (2019-2027) ($MN)
35 Global Underground Mining Equipment Market Outlook, By Mining Operators (2019-2027) ($MN)
36 Global Underground Mining Equipment Market Outlook, By Electric Power Industry (2019-2027) ($MN)
37 Global Underground Mining Equipment Market Outlook, By Manufacturing (2019-2027) ($MN)
38 North America Underground Mining Equipment Market Outlook, By Type Of Mining Method (2019-2027) ($MN)
39 North America Underground Mining Equipment Market Outlook, By Type Of Mineral (2019-2027) ($MN)
40 North America Underground Mining Equipment Market Outlook, By Equipment Type (2019-2027) ($MN)
41 North America Underground Mining Equipment Market Outlook, By Application (2019-2027) ($MN)
42 North America Underground Mining Equipment Market Outlook, By End User (2019-2027) ($MN)
43 Europe Underground Mining Equipment Market Outlook, By Type Of Mining Method (2019-2027) ($MN)
44 Europe Underground Mining Equipment Market Outlook, By Type Of Mineral (2019-2027) ($MN)
45 Europe Underground Mining Equipment Market Outlook, By Equipment Type (2019-2027) ($MN)
46 Europe Underground Mining Equipment Market Outlook, By Application (2019-2027) ($MN)
47 Europe Underground Mining Equipment Market Outlook, By End User (2019-2027) ($MN)
48 Asia Pacific Underground Mining Equipment Market Outlook, By Type Of Mining Method (2019-2027) ($MN)
49 Asia Pacific Underground Mining Equipment Market Outlook, By Type Of Mineral (2019-2027) ($MN)
50 Asia Pacific Underground Mining Equipment Market Outlook, By Equipment Type (2019-2027) ($MN)
51 Asia Pacific Underground Mining Equipment Market Outlook, By Application (2019-2027) ($MN)
52 Asia Pacific Underground Mining Equipment Market Outlook, By End User (2019-2027) ($MN)
53 South America Underground Mining Equipment Market Outlook, By Type Of Mining Method (2019-2027) ($MN)
54 South America Underground Mining Equipment Market Outlook, By Type Of Mineral (2019-2027) ($MN)
55 South America Underground Mining Equipment Market Outlook, By Equipment Type (2019-2027) ($MN)
56 South America Underground Mining Equipment Market Outlook, By Application (2019-2027) ($MN)
57 South America Underground Mining Equipment Market Outlook, By End User (2019-2027) ($MN)
58 Middle East & Africa Underground Mining Equipment Market Outlook, By Type Of Mining Method (2019-2027) ($MN)
59 Middle East & Africa Underground Mining Equipment Market Outlook, By Type Of Mineral (2019-2027) ($MN)
60 Middle East & Africa Underground Mining Equipment Market Outlook, By Equipment Type (2019-2027) ($MN)
61 Middle East & Africa Underground Mining Equipment Market Outlook, By Application (2019-2027) ($MN)
62 Middle East & Africa Underground Mining Equipment Market Outlook, By End User (2019-2027) ($MN)