Companies Dominating the Underground Mining Market Landscape
- Komatsu Ltd
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- Mine Master
- Boart Longyear
- MacLean Engineering & Marketing Co.
- J.H. Fletcher & Co., Inc.
- Sandvik AB
- Caterpillar Inc.
- EPIROC AB
- Hager Equipment Company
- Normet Group
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of underground mining is estimated at USD 26.99 billion.
The underground mining market size was over USD 25.46 billion in 2024 and is anticipated to cross USD 40.83 billion by 2037, growing at more than 3.7% CAGR during the forecast period i.e., between 2025-2037. Increasing product launches by key players, technological innovations, rising underground mining activities, and growing construction activities. will boost the market growth.
Asia Pacific industry is poised to dominate majority revenue share of 49% by 2037, impelled by increasing mineral and coal demand in the region.
The major players in the market are Komatsu Ltd, Mine Master, Boart Longyear, MacLean Engineering & Marketing Co., J.H. Fletcher & Co., Inc., Sandvik AB, Caterpillar Inc., EPIROC AB, Hager Equipment Company, Normet Group
