Underground Mining Market Share

  • 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 Share

Asia Pacific Market Forecast

The Asia Pacific underground mining market is projected to hold a significant market share and account for USD 17.24 billion by the end of 2033. Increasing mineral and coal demand, growing R&D in underground mining methods, and favorable government support for the underground mining industry are driving the demand and are actively boosting the Asia Pacific market. According to the India Brand Equity Foundation, the mineral’s demand was estimated to increase by 3% in 2023 due to expanded electrification and overall economic growth in India. The estimated number of mines in India was 1,425 in 2022 out of which reported non-metallic minerals at 720 and metallic minerals mines at 525.

North American Market Statistics

The growing demand for coal in the North America region is a significant factor propelling underground mining market expansion. Underground mining accounts for 35% of coal, 8% of metals, and 4% of minerals mined in the United States. The percentage of materials handling equipment operated by electricity is 20% for coal, 0% for metals, and 0.5% for industrial minerals. According to the U.S. Energy Information Administration, the U.S. coal production in 2022 experienced an increase of 2.9% over 2021, and an increase of 7.8% in 2021 over 2020.

Research Nester
Underground Mining Market Size (1)
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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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