Selected research
Industry Research
Underground Mining Machinery Industry Research Report 2026
Market perspective
The global Underground Mining Machinery market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Underground Mining Machinery is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Underground Mining Machinery is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Underground Mining Machinery is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Underground Mining Machinery include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Underground Mining Machinery market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Underground Mining Machinery.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Underground Mining Machinery Market by Company
Komatsu
Bel Company
Joy Global
Sandvik Group
Volvo
Hitachi Construction Machine
Boart Longyear Group
Russell Ackoff Company
Singer Smith
Kenner Metal Company
Liebherr Group
Thyssenkrupp
Underground Mining Machinery Segment by Type
Electric Mining Machinery
Hydraulic Mining Machinery
Underground Mining Machinery Segment by Application
Mining
Chemical
Other
Underground Mining Machinery Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
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 Machinery 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 Machinery 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 Machinery.
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 (by region, 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: Detailed analysis of Underground Mining Machinery manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Underground Mining Machinery by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Underground Mining Machinery in regional level and country level. 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 production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Electric Mining Machinery
- Hydraulic Mining Machinery
Applications
- Mining
- Chemical
- Other
Companies covered
- Komatsu
- Bel Company
- Joy Global
- Sandvik Group
- Volvo
- Hitachi Construction Machine
- Boart Longyear Group
- Russell Ackoff Company
- Singer Smith
- Kenner Metal Company
- Liebherr Group
- Thyssenkrupp
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 Machinery by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Electric Mining Machinery
- 2.2.3 Hydraulic Mining Machinery
- 2.3 Underground Mining Machinery by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Mining
- 2.3.3 Chemical
- 2.3.4 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Underground Mining Machinery Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Underground Mining Machinery Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Underground Mining Machinery Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Underground Mining Machinery Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Underground Mining Machinery Production by Manufacturers (2021-2026)
- 3.2 Global Underground Mining Machinery Production Value by Manufacturers (2021-2026)
- 3.3 Global Underground Mining Machinery Average Price by Manufacturers (2021-2026)
- 3.4 Global Underground Mining Machinery Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Underground Mining Machinery Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Underground Mining Machinery Manufacturers, Product Type & Application
- 3.7 Global Underground Mining Machinery Manufacturers Established Date
- 3.8 Global Underground Mining Machinery Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Komatsu
- 4.1.1 Komatsu Underground Mining Machinery Company Information
- 4.1.2 Komatsu Underground Mining Machinery Business Overview
- 4.1.3 Komatsu Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.1.4 Komatsu Product Portfolio
- 4.1.5 Komatsu Recent Developments
- 4.2 Bel Company
- 4.2.1 Bel Company Underground Mining Machinery Company Information
- 4.2.2 Bel Company Underground Mining Machinery Business Overview
- 4.2.3 Bel Company Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.2.4 Bel Company Product Portfolio
- 4.2.5 Bel Company Recent Developments
- 4.3 Joy Global
- 4.3.1 Joy Global Underground Mining Machinery Company Information
- 4.3.2 Joy Global Underground Mining Machinery Business Overview
- 4.3.3 Joy Global Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.3.4 Joy Global Product Portfolio
- 4.3.5 Joy Global Recent Developments
- 4.4 Sandvik Group
- 4.4.1 Sandvik Group Underground Mining Machinery Company Information
- 4.4.2 Sandvik Group Underground Mining Machinery Business Overview
- 4.4.3 Sandvik Group Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.4.4 Sandvik Group Product Portfolio
- 4.4.5 Sandvik Group Recent Developments
- 4.5 Volvo
- 4.5.1 Volvo Underground Mining Machinery Company Information
- 4.5.2 Volvo Underground Mining Machinery Business Overview
- 4.5.3 Volvo Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.5.4 Volvo Product Portfolio
- 4.5.5 Volvo Recent Developments
- 4.6 Hitachi Construction Machine
- 4.6.1 Hitachi Construction Machine Underground Mining Machinery Company Information
- 4.6.2 Hitachi Construction Machine Underground Mining Machinery Business Overview
- 4.6.3 Hitachi Construction Machine Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.6.4 Hitachi Construction Machine Product Portfolio
- 4.6.5 Hitachi Construction Machine Recent Developments
- 4.7 Boart Longyear Group
- 4.7.1 Boart Longyear Group Underground Mining Machinery Company Information
- 4.7.2 Boart Longyear Group Underground Mining Machinery Business Overview
- 4.7.3 Boart Longyear Group Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.7.4 Boart Longyear Group Product Portfolio
- 4.7.5 Boart Longyear Group Recent Developments
- 4.8 Russell Ackoff Company
- 4.8.1 Russell Ackoff Company Underground Mining Machinery Company Information
- 4.8.2 Russell Ackoff Company Underground Mining Machinery Business Overview
- 4.8.3 Russell Ackoff Company Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.8.4 Russell Ackoff Company Product Portfolio
- 4.8.5 Russell Ackoff Company Recent Developments
- 4.9 Singer Smith
- 4.9.1 Singer Smith Underground Mining Machinery Company Information
- 4.9.2 Singer Smith Underground Mining Machinery Business Overview
- 4.9.3 Singer Smith Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.9.4 Singer Smith Product Portfolio
- 4.9.5 Singer Smith Recent Developments
- 4.10 Kenner Metal Company
- 4.10.1 Kenner Metal Company Underground Mining Machinery Company Information
- 4.10.2 Kenner Metal Company Underground Mining Machinery Business Overview
- 4.10.3 Kenner Metal Company Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.10.4 Kenner Metal Company Product Portfolio
- 4.10.5 Kenner Metal Company Recent Developments
- 4.11 Liebherr Group
- 4.11.1 Liebherr Group Underground Mining Machinery Company Information
- 4.11.2 Liebherr Group Underground Mining Machinery Business Overview
- 4.11.3 Liebherr Group Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.11.4 Liebherr Group Product Portfolio
- 4.11.5 Liebherr Group Recent Developments
- 4.12 Thyssenkrupp
- 4.12.1 Thyssenkrupp Underground Mining Machinery Company Information
- 4.12.2 Thyssenkrupp Underground Mining Machinery Business Overview
- 4.12.3 Thyssenkrupp Underground Mining Machinery Production, Value and Gross Margin (2021-2026)
- 4.12.4 Thyssenkrupp Product Portfolio
- 4.12.5 Thyssenkrupp Recent Developments
5 Global Underground Mining Machinery Production by Region
- 5.1 Global Underground Mining Machinery Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Underground Mining Machinery Production by Region: 2021-2032
- 5.2.1 Global Underground Mining Machinery Production by Region: 2021-2026
- 5.2.2 Global Underground Mining Machinery Production Forecast by Region (2027-2032)
- 5.3 Global Underground Mining Machinery Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Underground Mining Machinery Production Value by Region: 2021-2032
- 5.4.1 Global Underground Mining Machinery Production Value by Region: 2021-2026
- 5.4.2 Global Underground Mining Machinery Production Value Forecast by Region (2027-2032)
- 5.5 Global Underground Mining Machinery Market Price Analysis by Region (2021-2026)
- 5.6 Global Underground Mining Machinery Production and Value, YOY Growth
- 5.6.1 North America Underground Mining Machinery Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Underground Mining Machinery Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Underground Mining Machinery Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Underground Mining Machinery Production Value Estimates and Forecasts (2021-2032)
6 Global Underground Mining Machinery Consumption by Region
- 6.1 Global Underground Mining Machinery Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Underground Mining Machinery Consumption by Region (2021-2032)
- 6.2.1 Global Underground Mining Machinery Consumption by Region: 2021-2026
- 6.2.2 Global Underground Mining Machinery Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Underground Mining Machinery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Underground Mining Machinery Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Underground Mining Machinery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Underground Mining Machinery Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Underground Mining Machinery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Underground Mining Machinery Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Underground Mining Machinery Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Underground Mining Machinery Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Underground Mining Machinery Production by Type (2021-2032)
- 7.1.1 Global Underground Mining Machinery Production by Type (2021-2032) & (k units)
- 7.1.2 Global Underground Mining Machinery Production Market Share by Type (2021-2032)
- 7.2 Global Underground Mining Machinery Production Value by Type (2021-2032)
- 7.2.1 Global Underground Mining Machinery Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Underground Mining Machinery Production Value Market Share by Type (2021-2032)
- 7.3 Global Underground Mining Machinery Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Underground Mining Machinery Production by Application (2021-2032)
- 8.1.1 Global Underground Mining Machinery Production by Application (2021-2032) & (k units)
- 8.1.2 Global Underground Mining Machinery Production Market Share by Application (2021-2032)
- 8.2 Global Underground Mining Machinery Production Value by Application (2021-2032)
- 8.2.1 Global Underground Mining Machinery Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Underground Mining Machinery Production Value Market Share by Application (2021-2032)
- 8.3 Global Underground Mining Machinery Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Underground Mining Machinery Value Chain Analysis
- 9.1.1 Underground Mining Machinery Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Underground Mining Machinery Production Mode & Process
- 9.2 Underground Mining Machinery Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Underground Mining Machinery Distributors
- 9.2.3 Underground Mining Machinery Customers
10 Global Underground Mining Machinery Analyzing Market Dynamics
- 10.1 Underground Mining Machinery Industry Trends
- 10.2 Underground Mining Machinery Industry Drivers
- 10.3 Underground Mining Machinery Industry Opportunities and Challenges
- 10.4 Underground Mining Machinery Industry Restraints
11 Report Conclusion
12 Disclaimer
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