Driver impact Analysis is Driving The Global Underground Mining Equipment Market., are expected to drive market expansion in the near future at a CAGR of 4.9% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Underground Mining Equipment Market” that contains information from 2019 to 2035.

 The Global Underground Mining Equipment Market is estimated to register a CAGR of 4.9% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Underground Mining Equipment Market— include Komatsu, Caterpillar, Sandvik, Epiroc, Hitachi Construction Machinery, Liebherr Group, Volvo Ab, Metso Corporation, FLSMIDTH Group, Boart Longyear and Among Others.

Market Highlights

The Global Underground Mining Equipment Market is estimated to register a CAGR of 4.9% during the forecast period and is estimated to reach USD 51.73 Billion by 2035.

With rapid urbanization and industrialization across the globe, there has been an increased demand for power generation. This in turn has led to an increased demand for coal, which is a vital resource for energy production by the energy industries. As per World Energy Council coal today provides around 4 % of the world’s electricity. However, climate change mitigation demands transition to cleaner energy forms and increased competition from other resources are presenting challenges for the sector. Economic growth, along with structural changes, strongly influence world energy consumption. As countries develop, standard of living improves, and energy demand grows rapidly. As per the U.S. Energy Information Administration (EIA), total world consumption of marketed energy is expected to expand from 549 quadrillion British thermal units (Btu) in 2012 to 629 quadrillion Btu in 2020 and to 815 quadrillion Btu in 2040; a 48% increase from 2012 to 2040. Much of the global rise in energy demand occurs among the developing non-OECD nations, where strong economic growth and increasing populations lead to an increase in world energy use. 

Non-OECD demand for energy is expected to rise by 71% from 2012 to 2040. In contrast, in the more mature energy-consuming and slower-growing OECD economies, total energy use is expected to rise by only 18% from 2012 to 2040.  Additionally, Latin America continues to grow as a destination for investment in mining, exploration, and development due to its highly prospective geology, reduced cost profile and attractive mining environment. The region of Latin America covers one-sixth of the Earth and produces more than its share of the World’s three most important metals – iron ore, copper and, of course, the ubiquitous gold. With its huge iron-ore mines, Brazil dominates the region's mining, while Chile, because of its important copper mines, was the second most significant producer of mined metals in Latin America during 2013. Peru remains one of the largest producers of both copper, silver, and gold. It is also considered one of the countries with the highest foreign investment in mining projects throughout Latin America. The country also has significant reserves of iron ore, tin, Sulphur, and zinc. Mineral exports account for about 60%of Peru’s total shipments abroad. Chile on the other hand has abundant metals and minerals, especially in its northern desert region. It is one of the leading producers of copper.

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Segment Analysis

The Global Underground Mining Equipment Market has been segmented based on By Type of Mining Methods, By Application.

Based on types of mining methods, we have covered the following segments: Room & Pillar Extraction, and Longwall Extraction. The Room & Pillar Extraction segment dominated the global market in 2024, while the Longwall Extraction is projected to be the fastest–growing segment during the forecast period. Global Underground Room and pillar extraction is a conventional, yet highly effective mining technique employed in underground mining machinery, particularly in the extraction of coal, salt, and other bedded deposits. This method creates a network of rooms and pillars within the coal seam, providing structural support and allowing for systematic resource extraction. As a stalwart in the underground mining landscape, the room and pillar technique significantly influence the Global Underground Mining Machinery Market. In the room and pillar extraction process, a series of parallel entries, known as rooms, are excavated into the coal seam, leaving pillars of unmined coal to support the roof. This configuration ensures stability in the underground environment while facilitating systematic coal extraction. The process involves alternating between the creation of rooms and pillars, creating a grid-like pattern throughout the coal deposit.

Based on application, we have covered the following segments: Coal Mining, Metal Mining, and Mineral Mining. The Coal Mining segment dominated the global market in 2024, while the Metal Mining is projected to be the fastest–growing segment during the forecast period. In coal mining, underground mining equipment plays a pivotal role in extracting coal from deep underground seams efficiently and safely. These specialized machines are designed to navigate through challenging geological conditions, including narrow tunnels, steep inclines, and varying rock strata. They encompass a range of equipment such as continuous miners, longwall shearers, shuttle cars, and roof bolters, each serving a specific function in the extraction process. Continuous miners, for instance, employ rotating drums with cutting teeth to break and load coal onto conveyor belts continuously, while longwall shearers use powerful cutting drums to extract coal in large sections. Shuttle cars transport coal from the face to the surface, ensuring seamless material handling operations. Roof bolters reinforce the mine roof to prevent collapses and ensure worker safety. Longwall shearers, for instance, stand out as key players in underground coal mining machinery.

Regional Analysis

Based on Region, the global Underground Mining Equipment is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia-Pacific dominated the global market in 2024, while the Asia-Pacific is projected to be the fastest–growing Region during the forecast period.

In the Asia Pacific region, the underground mining equipment market continues to witness robust growth in countries such as China, India, Australia, and Indonesia. The demand for minerals, metals, and coal to support these economic activities has fueled investments in underground mining operations, driving the need for advanced and efficient mining machinery. For example, Asia-Pacific is the largest coal mining market with almost 75% of it being done within the region. China, Australia, and India are one of the global leaders in production of coal which is used for many essential activities like power generation and steel production. Hence these require high mining activities in the region which drives the demand for mining equipment in the region. Also, the demand for mining equipment markets in Asia-Pacific is the depletion of surface mineral reserves in the region as a result of strong global demand for these minerals. Following the depletion of these minerals from the surface, deep mining activities in the region are on the rise, increasing demand for mining equipment.

Key Findings of the Study

• The Global Underground Mining Equipment Market is expected to reach USD 51.73 Billion by 2035, at a CAGR of 4.9% during the forecast period.


• The Asia Pacific region accounted for the fastest growth in the global market.


• Based on Application, the Coal Mining segment was attributed to holding the largest market in 2024.


• Komatsu, Caterpillar, Sandvik, Epiroc, Hitachi Construction Machinery, Liebherr Group, Volvo Ab, Metso Corporation, FLSMIDTH Group, Boart Longyear and among others are the key market players.