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Underground Mining Market Research Report By Technique (Room and Pillar, Cut and Fill, Sublevel Stoping, Block Caving, Shrinkage Stoping), By Minerals Extracted (Coal, Metallic Minerals, Non-Metallic Minerals, Uranium, Rare Earth Elements), By Equipment Type (Continuous Miners, Longwall Mining Equipment, Room and Pillar Equipment, Haulage Equipment, Support Equipment), By End Use Industry (Metals and Mining, Construction, Energy, Chemical, Environmental Services) and By Regional (North America, Europe, South America, Asia Pacific, Middle E


ID: MRFR/CnM/37868-HCR | 111 Pages | Author: Chitranshi Jaiswal| January 2025







Underground Mining Market Size, Share & Trends 2034

Report Attribute/Metric Details
Market Size 2022 78.85(USD Billion)
Market Size 2023 81.24(USD Billion)
Market Size 2032 106.3(USD Billion)
Compound Annual Growth Rate (CAGR) 3.03% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled Zijin Mining Group, Barrick Gold, Anglo American, Rio Tinto, Southern Copper Corporation, Vale, Shaanxi Coal and Chemical Industry, Newmont Corporation, Freeport-McMoRan, Kinross Gold, Glencore, Teck Resources, China Shenhua Energy, BHP Group, Eurasian Resources Group
Segments Covered Technique, Minerals Extracted, Equipment Type, End Use Industry, Regional
Key Market Opportunities Automation technology adoption, Sustainable mining practices, Growth in precious metal demand, Remote monitoring solutions, Enhanced safety equipment innovation
Key Market Dynamics Increasing demand for minerals, Technological advancements in mining, Stringent environmental regulations, Labor shortages and costs, Global economic fluctuations
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Underground Mining Market is expected to be valued at 106.3 USD Billion in 2032.

The projected CAGR for the Underground Mining Market from 2024 to 2032 is 3.03%.

North America held the largest market share, valued at 30.0 USD Billion in 2023.

The value of the Europe region in the Underground Mining Market is expected to be 26.0 USD Billion by 2032.

Some of the major players in the market include Zijin Mining Group, Barrick Gold, and Anglo American.

The market size for the Room and Pillar technique is projected to be 22.0 USD Billion in 2032.

The Block Caving technique is expected to grow significantly, reaching 25.0 USD Billion by 2032.

The expected market value for the APAC region in 2032 is 22.5 USD Billion.

The expected value of the South America region in 2023 was 9.0 USD Billion.

Challenges may include fluctuating commodity prices and regulatory changes affecting mining operations.

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