CIS Underground Mining Equipment Market - Industry Trends and Forecast to 2030

Market Definition:

The process of obtaining resources from under the surface utilizing various subsurface methods is underground mining. Driving heavy machineries underground, breaking up the rocks, and putting them into a vat or tank below ground is a common mining process. Underground mining is used in a variety of sectors, including gold panning, iron ore panning, limestone mining, slate mining, coal mining, petroleum prospecting, and others.
The technological advancement in the mining operation has made all the mining process easier and safe. Different equipment used in undergrounding mining are heavy-duty trucks, large dozers, hydraulic mining shovels, electric rope shovels, motor graders, drillers, loaders among others.

Market Segmentation:

CIS underground mining equipment market is segmented into nine notable segments which are based on the mining equipment, power output, mining method, movement based, drive type, application, purchase mode, operating weight and propulsion type.

• Based on mining equipment, the CIS underground mining equipment market is segmented into mining dozers/loaders, mining drills, mining haulers and others 

• Based on power output, the CIS underground mining equipment market is segmented into less than 500 hp, 500-2000hp and greater than 2000hp

• Based on mining method, the CIS underground mining equipment market is segmented into longwall mining, room and pillar, block caving, shrinkage stopping, sublevel caving, cut and fill mining and others

• Based on movement based, the CIS underground mining equipment market is segmented into wheeled and crawler

• Based on drive type, the CIS underground mining equipment market is segmented into human drivers and autonomous

• Based on application, the CIS underground mining equipment market is segmented into metal mining, coal mining and non-metal mining

• Based on purchase mode, the CIS underground mining equipment market is segmented into rented/leased and new purchase

• Based on operating weight, the CIS underground mining equipment market is segmented into more than 14,000kg and less than 14000 kg

• Basis on propulsion type, the CIS underground mining equipment market is segmented into diesel, electric and CNG/LNG/RNG

Market Players

The key market players for CIS underground mining equipment market are listed below:

• AARD Mining Equipment
• AB Volvo
• BELAZ
• Boart Longyear
• Caterpillar
• Epiroc AB
• FLSmidth
• Hitachi Construction Machinery Co., Ltd.
• Hyundai Doosan Infracore, Komatsu Ltd.
• Liebherr, Liugong Machinery Co., Ltd.
• Metso Outotec
• MINE MASTER LTD
• QINGDAO FAMBITION HEAVY MACHINERY CO., LTD.
• RDH-SCHARF
• Sandvik AB
• SANY Groups
• Terex Corporation
• XCMG Group