APO RESEARCH · REPORT
Underground Mining Equipment
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
Product & engineering
Understand the product.
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
Selected research
Industry Research
Underground Mining Equipment Industry Research Report 2026
Market perspective
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
Global Underground Mining Equipment key players include Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, etc. Global top five players hold a share about 50%.
North America is the largest market, with a share about 30%, followed by Europe, having a share about 25 percent.
Read the full market overview
In terms of product, Longwall is the largest segment, with a share about 75%. And in terms of application, the largest application is Coal Mining, followed by Metal Mining, Mineral Mining.
Report Scope
This report quantifies the global Underground Mining Equipment market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Underground Mining Equipment.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Underground Mining Equipment Market by Company
Caterpillar
Komatsu (Joy Global)
Volvo
Hitachi Construction Machinery
Sandvik
Atlas Copco
Metso
ThyssenKrupp
Liebherr-International
ZMJ
FLSmidth
Doosan Infracore
China Coal Group
Underground Mining Equipment Segment by Type
Longwall
Room and Pillar
Underground Mining Equipment Segment by Application
Coal Mining
Metal Mining
Mineral Mining
Underground Mining Equipment Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Underground Mining Equipment market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Underground Mining Equipment and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Underground Mining Equipment.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Underground Mining Equipment companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Longwall
- Room and Pillar
Applications
- Coal Mining
- Metal Mining
- Mineral Mining
Companies covered
- Caterpillar
- Komatsu (Joy Global)
- Volvo
- Hitachi Construction Machinery
- Sandvik
- Atlas Copco
- Metso
- ThyssenKrupp
- Liebherr-International
- ZMJ
- FLSmidth
- Doosan Infracore
- China Coal Group
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Underground Mining Equipment by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Longwall
- 2.2.3 Room and Pillar
- 2.3 Underground Mining Equipment by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Coal Mining
- 2.3.3 Metal Mining
- 2.3.4 Mineral Mining
- 2.4 Assumptions and Limitations
3 Underground Mining Equipment Breakdown Data by Type
- 3.1 Global Underground Mining Equipment Historic Market Size by Type (2021-2026)
- 3.2 Global Underground Mining Equipment Forecasted Market Size by Type (2027-2032)
4 Underground Mining Equipment Breakdown Data by Application
- 4.1 Global Underground Mining Equipment Historic Market Size by Application (2021-2026)
- 4.2 Global Underground Mining Equipment Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Underground Mining Equipment Market Perspective (2021-2032)
- 5.2 Global Underground Mining Equipment Growth Trends by Region
- 5.2.1 Global Underground Mining Equipment Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Underground Mining Equipment Historic Market Size by Region (2021-2026)
- 5.2.3 Underground Mining Equipment Forecasted Market Size by Region (2027-2032)
- 5.3 Underground Mining Equipment Market Dynamics
- 5.3.1 Underground Mining Equipment Industry Trends
- 5.3.2 Underground Mining Equipment Market Drivers
- 5.3.3 Underground Mining Equipment Market Challenges
- 5.3.4 Underground Mining Equipment Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Underground Mining Equipment Players by Revenue
- 6.1.1 Global Top Underground Mining Equipment Players by Revenue (2021-2026)
- 6.1.2 Global Underground Mining Equipment Revenue Market Share by Players (2021-2026)
- 6.2 Global Underground Mining Equipment Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Underground Mining Equipment Head Office and Area Served
- 6.4 Global Underground Mining Equipment Players, Product Type & Application
- 6.5 Global Underground Mining Equipment Manufacturers Established Date
- 6.6 Global Underground Mining Equipment Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Underground Mining Equipment Market Size (2021-2032)
- 7.2 North America Underground Mining Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Underground Mining Equipment Market Size by Country (2021-2026)
- 7.4 North America Underground Mining Equipment Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Underground Mining Equipment Market Size (2021-2032)
- 8.2 Europe Underground Mining Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Underground Mining Equipment Market Size by Country (2021-2026)
- 8.4 Europe Underground Mining Equipment Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Underground Mining Equipment Market Size (2021-2032)
- 9.2 Asia-Pacific Underground Mining Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Underground Mining Equipment Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Underground Mining Equipment Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Underground Mining Equipment Market Size (2021-2032)
- 10.2 South America Underground Mining Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Underground Mining Equipment Market Size by Country (2021-2026)
- 10.4 South America Underground Mining Equipment Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Underground Mining Equipment Market Size (2021-2032)
- 11.2 Middle East & Africa Underground Mining Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Underground Mining Equipment Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Underground Mining Equipment Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Caterpillar
- 12.1.1 Caterpillar Company Information
- 12.1.2 Caterpillar Business Overview
- 12.1.3 Caterpillar Revenue in Underground Mining Equipment Business (2021-2026)
- 12.1.4 Caterpillar Underground Mining Equipment Product Portfolio
- 12.1.5 Caterpillar Recent Developments
- 12.2 Komatsu (Joy Global)
- 12.2.1 Komatsu (Joy Global) Company Information
- 12.2.2 Komatsu (Joy Global) Business Overview
- 12.2.3 Komatsu (Joy Global) Revenue in Underground Mining Equipment Business (2021-2026)
- 12.2.4 Komatsu (Joy Global) Underground Mining Equipment Product Portfolio
- 12.2.5 Komatsu (Joy Global) Recent Developments
- 12.3 Volvo
- 12.3.1 Volvo Company Information
- 12.3.2 Volvo Business Overview
- 12.3.3 Volvo Revenue in Underground Mining Equipment Business (2021-2026)
- 12.3.4 Volvo Underground Mining Equipment Product Portfolio
- 12.3.5 Volvo Recent Developments
- 12.4 Hitachi Construction Machinery
- 12.4.1 Hitachi Construction Machinery Company Information
- 12.4.2 Hitachi Construction Machinery Business Overview
- 12.4.3 Hitachi Construction Machinery Revenue in Underground Mining Equipment Business (2021-2026)
- 12.4.4 Hitachi Construction Machinery Underground Mining Equipment Product Portfolio
- 12.4.5 Hitachi Construction Machinery Recent Developments
- 12.5 Sandvik
- 12.5.1 Sandvik Company Information
- 12.5.2 Sandvik Business Overview
- 12.5.3 Sandvik Revenue in Underground Mining Equipment Business (2021-2026)
- 12.5.4 Sandvik Underground Mining Equipment Product Portfolio
- 12.5.5 Sandvik Recent Developments
- 12.6 Atlas Copco
- 12.6.1 Atlas Copco Company Information
- 12.6.2 Atlas Copco Business Overview
- 12.6.3 Atlas Copco Revenue in Underground Mining Equipment Business (2021-2026)
- 12.6.4 Atlas Copco Underground Mining Equipment Product Portfolio
- 12.6.5 Atlas Copco Recent Developments
- 12.7 Metso
- 12.7.1 Metso Company Information
- 12.7.2 Metso Business Overview
- 12.7.3 Metso Revenue in Underground Mining Equipment Business (2021-2026)
- 12.7.4 Metso Underground Mining Equipment Product Portfolio
- 12.7.5 Metso Recent Developments
- 12.8 ThyssenKrupp
- 12.8.1 ThyssenKrupp Company Information
- 12.8.2 ThyssenKrupp Business Overview
- 12.8.3 ThyssenKrupp Revenue in Underground Mining Equipment Business (2021-2026)
- 12.8.4 ThyssenKrupp Underground Mining Equipment Product Portfolio
- 12.8.5 ThyssenKrupp Recent Developments
- 12.9 Liebherr-International
- 12.9.1 Liebherr-International Company Information
- 12.9.2 Liebherr-International Business Overview
- 12.9.3 Liebherr-International Revenue in Underground Mining Equipment Business (2021-2026)
- 12.9.4 Liebherr-International Underground Mining Equipment Product Portfolio
- 12.9.5 Liebherr-International Recent Developments
- 12.10 ZMJ
- 12.10.1 ZMJ Company Information
- 12.10.2 ZMJ Business Overview
- 12.10.3 ZMJ Revenue in Underground Mining Equipment Business (2021-2026)
- 12.10.4 ZMJ Underground Mining Equipment Product Portfolio
- 12.10.5 ZMJ Recent Developments
- 12.11 FLSmidth
- 12.11.1 FLSmidth Company Information
- 12.11.2 FLSmidth Business Overview
- 12.11.3 FLSmidth Revenue in Underground Mining Equipment Business (2021-2026)
- 12.11.4 FLSmidth Underground Mining Equipment Product Portfolio
- 12.11.5 FLSmidth Recent Developments
- 12.12 Doosan Infracore
- 12.12.1 Doosan Infracore Company Information
- 12.12.2 Doosan Infracore Business Overview
- 12.12.3 Doosan Infracore Revenue in Underground Mining Equipment Business (2021-2026)
- 12.12.4 Doosan Infracore Underground Mining Equipment Product Portfolio
- 12.12.5 Doosan Infracore Recent Developments
- 12.13 China Coal Group
- 12.13.1 China Coal Group Company Information
- 12.13.2 China Coal Group Business Overview
- 12.13.3 China Coal Group Revenue in Underground Mining Equipment Business (2021-2026)
- 12.13.4 China Coal Group Underground Mining Equipment Product Portfolio
- 12.13.5 China Coal Group Recent Developments
13 Report Conclusion
14 Disclaimer
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