According to Stratistics MRC, the Global Underground Mining Market is accounted for $22.72 billion in 2023 and is expected to reach $28.92 billion by 2030 growing at a CAGR of 3.5% during the forecast period.
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Underground mining is the process of removing valuable minerals, metals, and other resources from deep within the earth. It includes different mining techniques like cut-and-fill mining, longwall mining, block caving, and room-and-pillar mining. Moreover, mining companies can now access deeper and richer deposits that are inaccessible through surface mining to these methods. In order to meet the demand for minerals and fuels around the world, underground mining is essential.
Some of the key players in Underground Mining market include AB Volvo, Alcoa Corporation, Amur Minerals Corporation, Anglo American Plc, Atlas Copco, Barrick Gold Corporation, BHP Group, Boart Longyear, Coal India Ltd., Evolution Mining Limited, GBF Underground Mining Company, Hitachi Construction Machinery Co., Ltd., Implats Platinum Limited, Komatsu Ltd., Liebherr-International Deutschland GmbH, Metso Corporation, Newmont Corporation, Sandvik AB, Teck Resources Limited and The Redpath Group.
Products Covered:
• Supported
• Unsupported
• Caving
• Other Products
Mineral Types Covered:
• Coal
• Gold
• Copper
• Iron
• Salt
• Gypsum
• Potash
• Other Mineral Types
Mining Methods Covered:
• Room and Pillar mining
• Longwall Mining
• Block Caving
• Cut and Fill Mining
• Sublevel Caving
• Contract Mining
• Operator Mining
• Other Mining Methods
Equipment Types Covered:
• Drills and breakers
• Loaders and trucks
• Overhead Loaders
• Draglines
• Front End Loaders
• Gathering-Arm Loaders
• Conveyors
• Ventilation Systems
• Other Equipment Types
Applications Covered:
• Coal Mining
• Metal Mining
• Non-Metallic Mineral Mining
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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