Underground Mining Equipment Industry Report 2025-2030: Sandvik, Epiroc and Caterpillar Dominate with 75% Market Share

Dublin, Feb. 18, 2026 (GLOBE NEWSWIRE) -- The "Underground Mining Equipment: Populations & Forecasts to 2030 (2025)" report has been added to ResearchAndMarkets.com's offering.

The report provides detailed data and forecasts for underground mining trucks and underground loaders/LHDs. The data is based on the analyst's extensive mine-site research and equipment models to generate a complete view of equipment counts globally, with breakdowns by each major region and key mining country, and also by major commodity - including copper and gold.

The total number of underground mining trucks and loaders/LHDs in underground mines at the end of 2025, including both active and those in care and maintenance, was estimated at 23,514 of which 20,085 were at active mines. Of these, there were 13,739 loaders/LHDs, including 11,845 at active mines, and 9,775 were underground mining trucks, including 8,240 at active mines.

With steady growth in output, as more mines ramp up and come on stream, the total number of vehicles at active mines is forecast to rise to 21,820 by 2030, a CAGR of 1.7%. Highest growth in machine counts is expected in North America and Europe, supported by both new purchases from new mines entering production and replacements. These two regions are expected to be followed by Africa and the Middle East and Oceania.

The leading OEMs are Sandvik, Epiroc and Caterpillar, who are collectively estimated to account for 75% of underground mining trucks and 88% of underground loaders/LHDs. As miners seek improved productivity, reduced emissions and lower ventilation costs, the number of electric mining trucks and loaders/LHDs is expected to grow. As of Dec 2025, The analyst had identified 104 electric mining trucks and 306 electric loaders/LHDs operating globally.

Report Scope

Reasons to Buy

Key Topics Covered:

1 Executive summary

2. Global underground mining truck and loader populations by region

3. Underground Mining Trucks

4. Loaders and LHDs

5. Electrification

6. Leading OEMs

For more information about this report visit https://www.researchandmarkets.com/r/wra0e4

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