PUBLISHER: Grand View Research | PRODUCT CODE: 1908478
PUBLISHER: Grand View Research | PRODUCT CODE: 1908478
The global underground mining equipment market size was estimated at USD 45.17 billion in 2025 and is projected to reach USD 72.9 billion by 2033, growing at a CAGR of 6.4% from 2026 to 2033. Growing demand for coal, metals, and minerals is significantly driving underground mining equipment adoption as industries expand power generation, construction, and manufacturing capacity.
Advancements in automation, tele-remote control, and electrification technologies are enhancing productivity and safety in confined underground environments.Stricter worker safety mandates and emission control regulations are pushing mining companies to adopt equipment with dust suppression, battery-electric propulsion, and improved ventilation efficiency. Investments in longwall mining and room-and-pillar operations are rising to extract high-quality coal and metals efficiently, fueling need for bolters, scooptrams, articulated vehicles, and other underground solutions. Major mining operators are also modernizing fleets to reduce operational downtime and improve asset utilization across coal mining, metal mining, and mineral mining applications.
Global Underground Mining Equipment Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global underground mining equipment market report based on equipment, mining technique, application, and region: