Underground Mining Market Size

  • 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 Size

Underground Mining Market size is poised to cross USD 34.97 billion by the end of 2033, growing at a CAGR of 3.62% during the forecast period, i.e., 2023 – 2033. In the year 2022, the industry size of underground mining was around USD 23.70 billion. The demand for underground mining is attributed to the growing requirement for various minerals such as iron, gold, copper, coal, lead, aluminum, silver, and so on has increased significantly as a result of stable economic development in both developed and developing areas.

Moreover, the rapid shift to renewables such as solar panels, electric vehicle batteries, and wind turbines is driving the demand for underground mining across the globe. This shift has intensified the mining procedure for some minerals like cobalt, lithium, and other rare earth elements.


Underground Mining Market (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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