Global Underground Mining Market Growth Outlook and Trends

Underground mining underpins the extraction of essential minerals and metals across deep shaft and drift operations, reflecting evolving market dynamics and market size considerations influenced by advanced instrumentation and digitization initiatives. The industry size in 2024 exceeded previous estimates, with a surge in capital expenditure on remote-controlled equipment and IoT-enabled monitoring, as revealed in comprehensive market research on operational efficiencies and safety protocols.

The Global Underground Mining Market size is estimated to be valued at USD 17.28 Bn in 2025 and is expected to reach USD 25.64 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.

Underground Mining Market Size underscores sustained market revenue growth for advanced underground drilling rigs, loaders, and safety systems, driven by escalating mineral exploration activities across emerging economies.

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