갱내 채굴 장비 및 서비스 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Underground Mining Equipment & Service Market was valued at USD 31.7 billion in 2024 and is estimated to grow at a CAGR of 3.6% to reach USD 44.9 billion by 2034.

The market plays a critical role in the broader mining industry by delivering advanced machinery, tools, and essential services tailored for subsurface mineral extraction. As global demand for energy-transition metals like lithium, copper, and rare earth elements rises, especially for applications in green energy and electronics, the need for efficient underground mining solutions has intensified. Industry players are now focused on electrification, automation, and digital integration to improve safety, reduce emissions, and optimize overall efficiency in deep mining environments.

Supporting services such as fleet diagnostics, predictive maintenance, remote monitoring, and training programs have grown in importance, offering long-term value beyond equipment alone. Regulatory requirements are pushing operators to transition toward zero-emission machines and smart mine ecosystems powered by data analytics. Continued growth is also being supported by infrastructure investments and mineral exploration projects. Equipment remains the foundation of underground operations, forming the backbone of ongoing extraction activities.

The equipment segment held a 79.6% share in 2024 and is projected to grow at a CAGR of 3.7% through 2034, owing to rising demand for more technologically advanced machinery that supports safer, more productive mining operations. As automation and data integration become more central to underground processes, modern equipment continues to evolve, meeting strict performance and safety benchmarks. While services provide critical support, they are generally complementary and have limited direct influence on the overall output of mining sites.

The coal mining segment held a 37.9% share in 2024 and is anticipated to grow at a CAGR of 3.5% through 2034, attributed to coal's ongoing role as a key energy source in multiple regions. The specialized nature of coal extraction, requiring distinct equipment to operate effectively at significant depths, drives consistent demand for underground mining systems. Increasing regulatory focus on safety and energy efficiency is further prompting operators to upgrade or invest in modern equipment that enhances productivity while meeting compliance standards.

Asia Pacific Underground Mining Equipment & Service Market held 34.1% share and is projected to reach USD 6.8 billion by 2034. The country's shift toward advanced mining practices is transforming the landscape. Government-led initiatives are encouraging the deployment of automation, AI-based monitoring systems, and remote-controlled machinery in coal-producing provinces. Additionally, China's stronghold in processing rare earth materials and critical minerals, particularly in industrial hubs like Baotou, is driving investment and reshaping global supply chains.

Key participants in the Global Underground Mining Equipment & Service Market include Normet, Jacon Equipment, ABB, MacLean Engineering & Marketing Co., J.H. Fletcher & Co., Epiroc, SMT Scharf GmbH, Komatsu, Sandvik AB, Hitachi Construction Machinery, Liebherr, Boart Longyear, Caterpillar, J C Bamford Excavators, and DMC. To reinforce their positions, companies in the underground mining equipment & service space are adopting a multi-faceted strategy. They are heavily investing in R&D to develop low-emission, automated, and digitally connected equipment tailored for harsh underground environments. Strategic collaborations with mining operators are helping them co-develop solutions that enhance safety and operational uptime. Additionally, many are expanding service portfolios to include fleet monitoring, predictive maintenance, and remote diagnostics.

Table of Contents

Chapter 1 Methodology and Scope

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional/country
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 Type
  • 2.2.3 Technology
  • 2.2.4 Application
  • 2.2.5 Distribution channel
• 2.3 CXO perspectives: strategic imperatives
  • 2.3.1 Key decision points for industry executives
  • 2.3.2 Critical success factors for market players
• 2.4 Future outlook and strategic recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier landscape
  • 3.1.2 Profit margin
  • 3.1.3 Value addition at each stage
  • 3.1.4 Factor affecting the value chain
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
    • 3.2.1.1 Increased focus on sustainable and environmentally friendly mining practices
    • 3.2.1.2 Rising demand for minerals and metals
    • 3.2.1.3 Technological advancements in mining equipment
    • 3.2.1.4 Expansion of infrastructure and industrialization in emerging economies
  • 3.2.2 Industry pitfalls & challenges
    • 3.2.2.1 Stringent safety and environmental regulations
    • 3.2.2.2 High operational and equipment costs
  • 3.2.3 Opportunities
    • 3.2.3.1 Electrification of equipment              
    • 3.2.3.2 Automation and robotics                
    • 3.2.3.3 Expansion into emerging markets  
• 3.3 Growth potential analysis
• 3.4 Future market trends
• 3.5 Technology and innovation landscape
  • 3.5.1 Current technological trends
  • 3.5.2 Emerging technologies
• 3.6 Price trends
  • 3.6.1 By region
  • 3.6.2 By type
• 3.7 Regulatory framework
  • 3.7.1 standards and compliance requirements
  • 3.7.2 Regional regulatory frameworks
  • 3.7.3 Certification standards
• 3.8 Trade statistics (HS code: 84314390)
  • 3.8.1 Major importing countries
  • 3.8.2 Major exporting countries
• 3.9 Porter's five forces analysis
• 3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 By region
    • 4.2.1.1 North America
    • 4.2.1.2 Europe
    • 4.2.1.3 Asia Pacific
    • 4.2.1.4 Latin America
    • 4.2.1.5 MEA
• 4.3 Company matrix analysis
• 4.4 Competitive analysis of major market players
• 4.5 Competitive positioning matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New product launches
  • 4.6.4 Expansion plans

Chapter 5 Market Estimates & Forecast, By Type, 2021-2034 (USD Billion) (Thousand Units)

• 5.1 Key trends
• 5.2 Equipment
  • 5.2.1 Excavator
  • 5.2.2 Telehandler
  • 5.2.3 Loader
  • 5.2.4 Bolter
  • 5.2.5 Drills
    • 5.2.5.1 Jumbo drills
    • 5.2.5.2 Long-hole drills
    • 5.2.5.3 Raise bore drills
    • 5.2.5.4 Others
  • 5.2.6 Scaler
  • 5.2.7 Scissor lifts
  • 5.2.8 Others (ventilation, conveyors, mining trucks, etc.)
• 5.3 Service

Chapter 6 Market Estimates & Forecast, By Technology, 2021-2034 (USD Billion) (Thousand Units)

• 6.1 Key trends
• 6.2 Conventional equipment
• 6.3 Electric equipment
• 6.4 Autonomous equipment

Chapter 7 Market Estimates & Forecast, By Application, 2021-2034 (USD Billion) (Units)

• 7.1 Key trends
• 7.2 Coal mining
• 7.3 Metal mining
• 7.4 Mineral mining
• 7.5 Others

Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021-2034 (USD Billion) (Thousand Units)

• 8.1 Key trends
  • 8.1.1 Direct
  • 8.1.2 Indirect

Chapter 9 Market Estimates & Forecast, By Region, 2021-2034 (USD Billion) (Thousand Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 France
  • 9.3.4 Italy
  • 9.3.5 Spain
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 Australia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
• 9.6 MEA
  • 9.6.1 South Africa
  • 9.6.2 Saudi Arabia
  • 9.6.3 UAE

Chapter 10 Company Profiles

• 10.1 ABB
• 10.2 Boart Longyear
• 10.3 Caterpillar
• 10.4 DMC
• 10.5 Epiroc
• 10.6 Hitachi Construction Machinery
• 10.7 J C Bamford Excavators
• 10.8 J.H. Fletcher & Co.
• 10.9 Jacon Equipment
• 10.10 Komatsu
• 10.11 Liebherr
• 10.12 MacLean Engineering & Marketing Co.
• 10.13 Normet
• 10.14 Sandvik AB
• 10.15 SMT Scharf GmbH