Underground Mining Market Analysis

  • Report ID: 3430
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Table of Content (TOC)

 

  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Country Overview
  2. Assumptions and Abbreviations
  3. Research Methodology
    1. Primary Research
      1. Manufacturers
      2. Suppliers/Distributors
      3. End-Users
    2. Secondary Research
    3. Market Size Estimation
  4.  Summary of the Report for Key Decision Makers
  5. Forces of the Market Constituents
    1. Factors/drivers impacting the growth of the market
    2. Market trends for better business practices
  6. Key Market Opportunities for Business Growth
  7. Major Roadblocks for the Market Growth
  8. Government Regulations
  9. Value Chain Analysis
  10. Porter’s Five Forces Analysis
  11. Industry Risk Analysis
  12. Impact of COVID-19 on Global Underground Mining Market
  13. Competitive Positioning: Strategies to Differentiate a Company from its Competitors
  14. Competitive Model: A Detailed Inside View for Investors
    1. Market Share Analysis of Major Players (%), 2022
    2. Competitive Benchmarking
    3. Business Profiles of Key Enterprises
    4. Komatsu Ltd
    5. Mine Master
    6. Boart Longyear
    7. MacLean Engineering & Marketing Co.
    8. J.H. Fletcher & Co., Inc.
    9. Sandvik AB
    10. Caterpillar Inc.
    11. EPIROC AB
    12. Hager Equipment Company
    13. Normet Group
    14. Other prominent players
  15. Global Underground Mining Market 2022-2033
    1. Market Overview
    2. By Value (USD Million)
      1. By Mining
        1. Longwall Extraction, 2022-2033F (USD Million)
        2. Room and Pillar Extraction, 2022-2033F (USD Million)
        3. Others, 2022-2033F (USD Million)
      2. By Application
        1. Coal, 2022-2033F (USD Million)
        2. Metal, 2022-2033F (USD Million)
        3. Mineral, 2022-2033F (USD Million)
      3. By Region
        1. North America, 2022-2033F (USD Million)
        2. Europe, 2022-2033F (USD Million)
        3. Asia Pacific, 2022-2033F (USD Million)
        4. Latin America, 2022-2033F (USD Million)
        5. Middle East & Africa, 2022-2033F (USD Million)
  16. North America Underground Mining Market 2022-2033
    1. Market Overview
    2. By Value (USD Million)
      1. By Mining
        1. Longwall Extraction, 2022-2033F (USD Million)
        2. Room and Pillar Extraction, 2022-2033F (USD Million)
        3. Others, 2022-2033F (USD Million)
      2. By Application
        1. Coal, 2022-2033F (USD Million)
        2. Metal, 2022-2033F (USD Million)
        3. Mineral, 2022-2033F (USD Million)
      3. By Country
        1. United States, 2022-2033F (USD Million)
        2. Canada, 2022-2033F (USD Million)
  17. Europe Underground Mining Market 2022-2033
    1. Market Overview
    2. By Value (USD Million)
      1. By Mining
        1. Longwall Extraction, 2022-2033F (USD Million)
        2. Room and Pillar Extraction, 2022-2033F (USD Million)
        3. Others, 2022-2033F (USD Million)
      2. By Application
        1. Coal, 2022-2033F (USD Million)
        2. Metal, 2022-2033F (USD Million)
        3. Mineral, 2022-2033F (USD Million)
      3. By Country
        1. United Kingdom, 2022-2033F (USD Million)
        2. Germany, 2022-2033F (USD Million)
        3. Italy, 2022-2033F (USD Million)
        4. France, 2022-2033F (USD Million)
        5. Spain, 2022-2033F (USD Million)
        6. Russia, 2022-2033F (USD Million)
        7. BENELUX, 2022-2033F (USD Million)
        8. Poland, 2022-2033F (USD Million)
        9. Rest of Europe, 2022-2033F (USD Million)
  18. Asia Pacific Underground Mining Market 2022-2033
    1. Market Overview
    2. By Value (USD Million)
      1. By Mining
        1. Longwall Extraction, 2022-2033F (USD Million)
        2. Room and Pillar Extraction, 2022-2033F (USD Million)
        3. Others, 2022-2033F (USD Million)
      2. By Application
        1. Coal, 2022-2033F (USD Million)
        2. Metal, 2022-2033F (USD Million)
        3. Mineral, 2022-2033F (USD Million)
      3. By Country
        1. China, 2022-2033F (USD Million)
        2. India, 2022-2033F (USD Million)
        3. Japan, 2022-2033F (USD Million)
        4. Singapore, 2022-2033F (USD Million)
        5. Australia, 2022-2033F (USD Million)
        6. New Zealand, 2022-2033F (USD Million)
        7. Rest of Asia Pacific, 2022-2033F (USD Million)
  19. Latin America Underground Mining Market 2022-2033
    1. Market Overview
    2. By Value (USD Million)
      1. By Mining
        1. Longwall Extraction, 2022-2033F (USD Million)
        2. Room and Pillar Extraction, 2022-2033F (USD Million)
        3. Others, 2022-2033F (USD Million)
      2. By Application
        1. Coal, 2022-2033F (USD Million)
        2. Metal, 2022-2033F (USD Million)
        3. Mineral, 2022-2033F (USD Million)
      3. By Country
        1. Brazil, 2022-2033F (USD Million)
        2. Mexico, 2022-2033F (USD Million)
        3. Rest of Latin America, 2022-2033F (USD Million)
  20. Middle East & Africa Underground Mining Market 2022-2033
    1. Market Overview
    2. By Value (USD Million)
      1. By Mining
        1. Longwall Extraction, 2022-2033F (USD Million)
        2. Room and Pillar Extraction, 2022-2033F (USD Million)
        3. Others, 2022-2033F (USD Million)
      2. By Application
        1. Coal, 2022-2033F (USD Million)
        2. Metal, 2022-2033F (USD Million)
        3. Mineral, 2022-2033F (USD Million)
      3. By Country
        1. GCC, 2022-2033F (USD Million)
        2. North Africa, 2022-2033F (USD Million)
        3. South Africa, 2022-2033F (USD Million)
        4. Rest of Middle East & Africa, 2022-2033F (USD Million)

Underground Mining Market Analysis

The room & pillar extraction segment in the underground mining market is estimated to gain a significant revenue share over the projected time frame. By the end of 2033, the room and pillar extraction segment is anticipated to garner the largest revenue of USD 14.45 billion. The segment is further expected to grow at a CAGR of 3.84% during the forecast period. Room & pillar extraction is growing owing to the rising soft rock mineral extraction activities in Asian countries. Compared to other mining methods, room and pillar extraction mining is popular among miners as it allows them to extract deep deposit minerals with less removal of overburden (waste or spoil). In the upcoming years, rising demand for minerals in the agriculture sector will boost segment revenues. In May 2023, the US government announced USD 5 million to explore high-value trace critical mineral extraction from ocean macroalgae.

Application (Coal, Metal, Mineral)

Underground mining market from the metal segment is expected to garner a significant share of USD 20.34 billion in the upcoming years. Metal is the largest growing segment owing to rising construction activities. Growth is mainly due to various industries' growing demand for base metals such as zinc, copper, and silver. Hard rock mining methods are the popular methods miners use to extract metals from underground mines. South Deep gold mine in South Africa, Boddington gold mine in Australia, and Rampura Agucha Mine in India are few of the famous underground metal mines in the world. Increasing development in underground mining methods is projected to boost the market growth. According to the United States EPA, 87 metal mining facilities were there in the United States in 2021. Besides, U.S. metal mine production in 2020 was USD 27.7 billion which experienced an increase of 3% over 2019.

Our in-depth analysis of the global market includes the following segments:

    Mining

  • Longwall Extraction
  • Room & Pillar Extraction

    Application

  • Coal
  • Metal
  • Mineral
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Browse Key Market Insights with Data Illustration:


Author Credits:  Richa Gupta


  • Report ID: 3430
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing product launches by key players, technological innovations, rising underground mining activities, and growing construction activities. are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 3.62% over the forecast period, i.e., 2023 – 2033.

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 and Normet Group.

The room & pillar extraction segment are anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
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