Mandar Shewale

27 i

Underground Mining Equipment Market to Reach USD 29.7 Billion by 2033

Underground mining has long been one of the most resource-intensive industries in the world. Yet, in recent years, the scale of change within this sector has been striking. The underground mining equipment market alone was valued at USD 17.9 billion in 2024, and projections indicate a rise to USD 29.7 billion by 2033. This equates to a compound annual growth rate (CAGR) of 5.7%, according to Research Intelo.

Source: https://researchintelo.com/rep....ort/underground-mini