The North America Underground Mining Vehicle Market is projected to grow from USD 5.5 billion in 2025 to USD 9.8 billion by 2035, expanding at a CAGR of 6.0%, according to Future Market Insights, Inc. (FMI). Growth is being fueled by rising mineral exploration, technological modernization, and a surge in electrified, autonomous underground fleets across the United States, Canada, and Mexico.
As mines expand deeper and regulations tighten, demand for durable, intelligent, and zero-emission mining vehicles continues to climb. Automation, connectivity, and predictive maintenance are now defining the next generation of underground equipment, transforming productivity and safety standards across North America’s mining landscape.
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Ground Support Segment Leads with 48.6% Share in 2025
The ground support segment is forecast to capture 48.6% of total market revenue in 2025, making it the largest equipment category. These vehicles-roof bolters, shearers, and shotcrete sprayers-play a pivotal role in reinforcing mine shafts and ensuring worker safety in increasingly complex underground environments.
Technological upgrades such as automated bolting systems, sensor-based rock stabilization, and improved load-handling mechanisms are strengthening operational resilience. With mining operations going deeper and harsher, demand for high-strength, precision-controlled ground support systems remains strong.
Mining Operators Hold 57.2% Revenue Share by 2025
Direct ownership by mining operators will account for 57.2% of total market value in 2025, driven by a strategic shift toward in-house fleet management and customized vehicle configurations. Owning underground fleets allows operators to optimize utilization rates, tailor maintenance schedules, and integrate automation technologies faster than leasing counterparts.
Rising electrification costs and performance optimization have made direct ownership a strategic necessity. Many North American operators are investing in battery-electric vehicles (BEVs), advanced diagnostics, and safety systems to achieve lower total cost of ownership (TCO) and meet sustainability mandates.
Coal Mining Dominates with 44.9% Share in 2025
Despite the global energy transition, coal mining continues to dominate the regional market, representing 44.9% of total applications in 2025. The sector demands rugged, high-capacity vehicles that can operate efficiently in harsh, confined, and moisture-prone environments.
While coal remains critical to North America’s energy mix, metallic and non-metallic mining applications are projected to outpace coal over the next decade as demand for copper, lithium, and rare earth elements accelerates-essential for EV batteries, grid storage, and clean energy infrastructure.
United States Commands 38% Market Share; Canada and Mexico Emerge as Growth Hubs
The United States accounts for nearly 38% of the North America underground mining vehicle market, expanding at a 6.2% CAGR through 2035. The country’s strong base of rental service providers, rising demand for battery-electric loaders (LHDs), and large-scale metal mining expansion are driving adoption.
In Canada, the market is set to grow at a 6% CAGR, buoyed by robust mining activity in Ontario and Quebec and increasing adoption of automation and electrification technologies.
Mexico, with a projected 5.8% CAGR, is witnessing steady gains as local operators expand underground exploration and favor rental-based service models to offset high capital costs.
Electrification and Automation Define the Next Decade
Electrification is emerging as the most disruptive trend in North America’s underground mining sector. Industry leaders like Caterpillar, Sandvik, and Epiroc are investing heavily in battery-electric propulsion, hybrid drivetrains, and portable fast-charging infrastructure.
For instance:
• In September 2024, Caterpillar launched its R1700 XE Load Haul Dump (LHD) – a fully battery-electric loader paired with the Cat MEC500 Mobile Equipment Charger, enabling ultra-fast charging underground.
• In February 2025, Sandvik AB secured a USD 5.5 million contract from BHP Group for advanced underground mining and automation systems at Canada’s Jansen Potash project.
• Epiroc’s 2024 acquisition of Meglab strengthened its electrification portfolio, enabling seamless integration of power infrastructure with digital telematics.
Automation and telematics are also gaining traction. Real-time data integration, LiDAR navigation, and AI-based predictive maintenance are enhancing vehicle uptime and safety while cutting operational downtime by up to 25% in pilot programs.
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Rise of Start-ups and Next-Gen Technologies
Start-ups are accelerating innovation in mining vehicle design and digitalization:
• Artisan Vehicles is pioneering lithium-powered electric loaders and trucks tailored for underground operations.
• Surestar develops LiDAR-based navigation and mapping systems, offering precise guidance for autonomous vehicle fleets.
• Boreton Technology is innovating electric dump trucks and mining haulers for sustainable excavation.
These players, combined with OEM heavyweights like Komatsu, Liebherr, Hitachi Construction Machinery, and Volvo CE, are intensifying competition and collaboration across the supply chain.
Rental Providers on the Rise
Rental service providers are expected to hold over 40% of market share in 2025, offering flexible access to advanced fleets without large upfront costs. This model is gaining traction among small and mid-size mining firms, especially in Mexico and Canada, where budget constraints and fluctuating commodity prices impact purchasing decisions.
Future Outlook: Toward Smart, Sustainable Mining
By 2035, North America’s underground mining ecosystem is expected to become smarter, safer, and more sustainable.
Key trends shaping this evolution include:
• Electrification and low-emission vehicles replacing diesel-powered fleets
• Autonomous operation and real-time analytics boosting productivity
• Sustainability mandates driving energy-efficient designs
• AI and IoT integration for predictive maintenance and fleet optimization
With the ground support segment, direct ownership models, and electric drive systems leading the charge, the market’s transformation aligns with global sustainability goals while addressing regional productivity demands.
Key Players
Major companies shaping the market include Caterpillar Inc., Sandvik AB, Epiroc AB, Komatsu Ltd., Boart Longyear Ltd., Hitachi Construction Machinery, Liebherr Group, Sany Heavy Industry Co. Ltd., Volvo Construction Equipment, Astec Industries Inc., JCB, Normet, MacLean Engineering, J.H. Fletcher & Co., Hermann Paus Maschinenfabrik GmbH, Timberland Equipment, Getman Corporation, Kovatera Inc., and Maccaferri Inc.
About Future Market Insights (FMI)
Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.
