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Underground Mining Market (Application: Coal Mining, Metal Mining, Mineral Mining, and Others; and Product: Supported, Unsupported, and Caving) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

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Underground Mining Market - Scope of Report

TMR's report on the global underground mining market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global underground mining market for the period 2017-2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global underground mining market from 2023 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the underground mining market.

Market Snapshot
Market Value in 2023US$ 21.3 Bn
Market Value in 2031US$ 25 Bn
CAGR1.8%

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global underground mining market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global underground mining market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global underground mining market.

The report delves into the competitive landscape of the global underground mining market. Key players operating in the global underground mining market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global underground mining market profiled in this report.

Key Questions Answered in Global underground mining Market Report:

  • What is the sales/revenue generated by underground mining across all regions during the forecast period?
  • What are the opportunities in the global underground mining market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which segment is expected to generate the highest revenue globally in 2031?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?

Underground Mining Market - Research Objectives and Research Approach

The comprehensive report on the global underground mining market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global underground mining market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global underground mining market.

Table of Contents

1. Executive Summary

  • 1.1. Global Market Outlook
  • 1.2. Demand Side Trends
  • 1.3. Key Facts and Figures
  • 1.4. Trends Impacting Market
  • 1.5. TMR's Growth Opportunity Wheel

2. Market Overview

  • 2.1. Market Segmentation
  • 2.2. Key Developments
  • 2.3. Market Definitions
  • 2.4. Key Market Trends
  • 2.5. Market Dynamics
    • 2.5.1. Drivers
    • 2.5.2. Restraints
    • 2.5.3. Opportunities
  • 2.6. Underground Mining Market Analysis and Forecasts, 2023-2031
    • 2.6.1. Underground Mining Market Revenue (US$ Mn)
  • 2.7. Porter's Five Forces Analysis
  • 2.8. Regulatory Landscape
  • 2.9. Value Chain Analysis
    • 2.9.1. List of Component Providers
    • 2.9.2. List of Manufacturers
    • 2.9.3. List of Dealer/Distributors
    • 2.9.4. List of Potential Customers
  • 2.10. Product Specification Analysis
  • 2.11. Production Overview
  • 2.12. Cost Structure Analysis

3. COVID-19 Impact Analysis

  • 3.1. Impact on the Supply Chain of the Underground Mining Market
  • 3.2. Impact on Demand of Underground Mining Market - Pre & Post Crisis

4. Impact of Current Geopolitical Scenario on Market

5. Underground Mining Market Analysis and Forecast, by Application, 2023-2031

  • 5.1. Introduction and Definitions
  • 5.2. Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023-2031
    • 5.2.1. Coal Mining
    • 5.2.2. Metal Mining
    • 5.2.3. Mineral Mining
    • 5.2.4. Others
  • 5.3. Underground Mining Market Attractiveness, by Application

6. Underground Mining Market Analysis and Forecast, by Product, 2023-2031

  • 6.1. Introduction and Definitions
  • 6.2. Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023-2031
    • 6.2.1. Supported
      • 6.2.1.1. Cut and Fill Stoping
      • 6.2.1.2. Stull Stoping
      • 6.2.1.3. Square Set Stoping
    • 6.2.2. Unsupported
      • 6.2.2.1. Room and Pillar
      • 6.2.2.2. Shrinkage Stoping
      • 6.2.2.3. Sublevel Stoping
    • 6.2.3. Caving
      • 6.2.3.1. Longwall Mining
      • 6.2.3.2. Sublevel Caving
      • 6.2.3.3. Block Caving
  • 6.3. Underground Mining Market Attractiveness, by Product

7. Underground Mining Market Analysis and Forecast, by Operator, 2023-2031

  • 7.1. Introduction and Definitions
  • 7.2. Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023-2031
    • 7.2.1. Contract Mining
    • 7.2.2. Owner Mining
  • 7.3. Underground Mining Market Attractiveness, by Operator

8. Underground Mining Market Analysis and Forecast, by Region, 2023-2031

  • 8.1. Key Findings
  • 8.2. Underground Mining Market Value (US$ Mn) Forecast, by Region, 2023-2031
    • 8.2.1. North America
    • 8.2.2. Europe
    • 8.2.3. Asia Pacific
    • 8.2.4. Latin America
    • 8.2.5. Middle East & Africa
  • 8.3. Underground Mining Market Attractiveness, by Region

9. North America Underground Mining Market Analysis and Forecast, 2023-2031

  • 9.1. Key Findings
  • 9.2. North America Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
  • 9.3. North America Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
  • 9.4. North America Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 9.5. North America Underground Mining Market Value(US$ Mn) Forecast, by Country, 2023-2031
    • 9.5.1. U.S. Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 9.5.2. U.S. Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 9.5.3. U.S. Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 9.5.4. Canada Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 9.5.5. Canada Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 9.5.6. Canada Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 9.6. North America Underground Mining Market Attractiveness Analysis

10. Europe Underground Mining Market Analysis and Forecast, 2023-2031

  • 10.1. Key Findings
  • 10.2. Europe Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
  • 10.3. Europe Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
  • 10.4. Europe Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 10.5. Europe Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031
    • 10.5.1. Germany Underground Mining Market Value(US$ Mn) Forecast, by Material, 2023-2031
    • 10.5.2. Germany Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 10.5.3. Germany Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 10.5.4. France Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 10.5.5. France Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 10.5.6. France Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 10.5.7. U.K. Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 10.5.8. U.K. Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 10.5.9. U.K. Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 10.5.10. Italy Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 10.5.11. Italy. Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 10.5.12. Italy Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 10.5.13. Russia & CIS Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 10.5.14. Russia & CIS Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 10.5.15. Russia & CIS Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 10.5.16. Rest of Europe Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 10.5.17. Rest of Europe Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 10.5.18. Rest of Europe Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 10.6. Europe Underground Mining Market Attractiveness Analysis

11. Asia Pacific Underground Mining Market Analysis and Forecast, 2023-2031

  • 11.1. Key Findings
  • 11.2. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Application
  • 11.3. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 11.4. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 11.5. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031
    • 11.5.1. China Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 11.5.2. China Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 11.5.3. China Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 11.5.4. Japan Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 11.5.5. Japan Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 11.5.6. Japan Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 11.5.7. India Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 11.5.8. India Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 11.5.9. India Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 11.5.10. ASEAN Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 11.5.11. ASEAN Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 11.5.12. ASEAN Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 11.5.13. Rest of Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 11.5.14. Rest of Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 11.5.15. Rest of Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 11.6. Asia Pacific Underground Mining Market Attractiveness Analysis

12. Latin America Underground Mining Market Analysis and Forecast, 2023-2031

  • 12.1. Key Findings
  • 12.2. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Application Coat Type, 2023-2031
  • 12.3. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
  • 12.4. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 12.5. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031
    • 12.5.1. Brazil Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 12.5.2. Brazil Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 12.5.3. Brazil Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 12.5.4. Mexico Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 12.5.5. Mexico Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 12.5.6. Mexico Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 12.5.7. Rest of Latin America Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 12.5.8. Rest of Latin America Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 12.5.9. Rest of Latin America Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 12.6. Latin America Underground Mining Market Attractiveness Analysis

13. Middle East & Africa Underground Mining Market Analysis and Forecast, 2023-2031

  • 13.1. Key Findings
  • 13.2. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
  • 13.3. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
  • 13.4. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 13.5. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031
    • 13.5.1. GCC Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 13.5.2. GCC Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 13.5.3. GCC Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
    • 13.5.4. South Africa Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 13.5.5. South Africa Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 13.5.6. South Africa Underground Mining Market Value(US$ Mn) Forecast, by Operator,2023-2031
    • 13.5.7. Rest of Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031
    • 13.5.8. Rest of Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031
    • 13.5.9. Rest of Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031
  • 13.6. Middle East & Africa Underground Mining Market Attractiveness Analysis

14. Competition Landscape

  • 14.1. Market Players - Competition Matrix (by Tier and Size of Companies)
  • 14.2. Market Share Analysis, 2021
  • 14.3. Market Footprint Analysis
    • 14.3.1. By Application
    • 14.3.2. By Product
  • 14.4. Company Profiles
    • 14.4.1. BHP
      • 14.4.1.1. Company Revenue
      • 14.4.1.2. Business Overview
      • 14.4.1.3. Product Segments
      • 14.4.1.4. Geographic Footprint
      • 14.4.1.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.1.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.2. Anglo American Plc
      • 14.4.2.1. Company Revenue
      • 14.4.2.2. Business Overview
      • 14.4.2.3. Product Segments
      • 14.4.2.4. Geographic Footprint
      • 14.4.2.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.2.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.3. Rio Tinto
      • 14.4.3.1. Company Revenue
      • 14.4.3.2. Business Overview
      • 14.4.3.3. Product Segments
      • 14.4.3.4. Geographic Footprint
      • 14.4.3.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.3.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.4. Vale
      • 14.4.4.1. Company Revenue
      • 14.4.4.2. Business Overview
      • 14.4.4.3. Product Segments
      • 14.4.4.4. Geographic Footprint
      • 14.4.4.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.4.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.5. Implats Platinum Limited
      • 14.4.5.1. Company Revenue
      • 14.4.5.2. Business Overview
      • 14.4.5.3. Product Segments
      • 14.4.5.4. Geographic Footprint
      • 14.4.5.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.5.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.6. Norilsk Nickel
      • 14.4.6.1. Company Revenue
      • 14.4.6.2. Business Overview
      • 14.4.6.3. Product Segments
      • 14.4.6.4. Geographic Footprint
      • 14.4.6.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.6.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.7. Amur Minerals Corporation
      • 14.4.7.1. Company Revenue
      • 14.4.7.2. Business Overview
      • 14.4.7.3. Product Segments
      • 14.4.7.4. Geographic Footprint
      • 14.4.7.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.7.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.8. AG Alcoa Corporation
      • 14.4.8.1. Company Revenue
      • 14.4.8.2. Business Overview
      • 14.4.8.3. Product Segments
      • 14.4.8.4. Geographic Footprint
      • 14.4.8.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.8.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.9. The Redpath Group
      • 14.4.9.1. Company Revenue
      • 14.4.9.2. Business Overview
      • 14.4.9.3. Product Segments
      • 14.4.9.4. Geographic Footprint
      • 14.4.9.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.9.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.10. GBF Underground Mining Company
      • 14.4.10.1. Company Revenue
      • 14.4.10.2. Business Overview
      • 14.4.10.3. Product Segments
      • 14.4.10.4. Geographic Footprint
      • 14.4.10.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.10.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.11. OZ Minerals
      • 14.4.11.1. Company Revenue
      • 14.4.11.2. Business Overview
      • 14.4.11.3. Product Segments
      • 14.4.11.4. Geographic Footprint
      • 14.4.11.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.11.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.12. Thyssen Mining
      • 14.4.12.1. Company Revenue
      • 14.4.12.2. Business Overview
      • 14.4.12.3. Product Segments
      • 14.4.12.4. Geographic Footprint
      • 14.4.12.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.12.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.13. Barminco
      • 14.4.13.1. Company Revenue
      • 14.4.13.2. Business Overview
      • 14.4.13.3. Product Segments
      • 14.4.13.4. Geographic Footprint
      • 14.4.13.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.13.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.
    • 14.4.14. Gleancore
      • 14.4.14.1. Company Revenue
      • 14.4.14.2. Business Overview
      • 14.4.14.3. Product Segments
      • 14.4.14.4. Geographic Footprint
      • 14.4.14.5. Production Coat Type/Plant Details, etc. (*As Applicable)
      • 14.4.14.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

15. Primary Research: Key Insights

16. Appendix

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