Global Underground Personnel Carrier Market Report 2025

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Published : December 2025

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Underground Personnel Carrier Global Market Report 2025

Name: Underground Personnel Carrier Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Product Type (Diesel Underground Personnel Carrier, Electric Underground Personnel Carrier, Hybrid Underground Personnel Carrier), By Capacity (Less than 10 Persons, 10-20 Persons, More than 20 Persons), By Application (Mining, Tunneling, Construction, Other Applications), By End-User (Mining Companies, Construction Companies, Government And Municipalities, Others End-Users) - Market Size, Trends, And Global Forecast 2025-2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Underground Personnel Carrier Market Overview

• Underground Personnel Carrier market size has reached to $1.39 billion in 2024

• Expected to grow to $2.04 billion in 2029 at a compound annual growth rate (CAGR) of 8%

• Growth Driver: Surge In Demand For Mining Activities Fueling The Growth Of The Market due to Rising Global Demand For Raw Materials

• Market Trend: Launch Of Heavy-Duty Multipurpose Utility Vehicle To Enhance Underground Mining Efficiency And Safety

• North America was the largest region in 2024.

What Is Covered Under Underground Personnel Carrier Market?

An underground personnel carrier refers to a specialized vehicle designed for transporting workers safely and efficiently within underground mining or tunneling environments. These carriers are built to operate in confined spaces, rough terrains, and low-ventilation areas, often featuring compact design, robust construction, and safety-enhancing technologies to ensure reliable mobility under challenging conditions.

The main product types of underground personnel carriers comprise diesel underground personnel carriers, electric underground personnel carriers, and hybrid underground personnel carriers. Diesel underground personnel carriers refer to robust, fuel-powered transport vehicles designed to safely carry workers and equipment within underground environments such as mines and tunnels. These carriers are engineered to withstand harsh conditions, providing durability, reliability, and efficient performance while ensuring operator safety and comfort. The various capacity types include less than 10 persons, 10–20 persons, and more than 20 persons. The key applications include mining, tunneling, construction, and others, and the major end-users encompass mining companies, construction companies, government and municipalities, and others.

Underground Personnel Carrier Market Size and growth rate 2025 to 2029: Graph

What Is The Underground Personnel Carrier Market Size 2025 And Growth Rate?

What Is The Underground Personnel Carrier Market Growth Forecast?

The underground personnel carrier market size is expected to see strong growth in the next few years. It will grow to $2.04 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing adoption of electric and battery-powered carriers, rising focus on sustainable and zero-emission mining solutions, growing demand for automation and remote-controlled equipment, increasing investment in underground mining projects, and rising emphasis on reducing worker fatigue and improving safety standards. Major trends in the forecast period include advancement in battery-electric underground carriers, innovation in autonomous and driverless personnel carriers, integration of IoT and telematics for real-time monitoring, advancement in ergonomic design for worker comfort, and innovation in lightweight and durable vehicle materials.

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What’s The Trade War Impact On Mining Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the mining sector, particularly in equipment procurement, export activity, and supply chain continuity. Higher duties on imported heavy machinery, drilling equipment, and specialized components have raised capital and operational costs for mining firms, delaying new project launches and limiting production efficiency. At the same time, retaliatory tariffs imposed by key trade partners have reduced export demand for U.S.-mined resources—especially critical minerals like lithium, copper, and rare earth elements—exacerbating revenue pressures. These dynamics are particularly challenging for mid-sized and specialty mining operators reliant on international markets. In response, the sector is increasingly investing in domestic equipment manufacturing partnerships, expanding recycling initiatives for strategic minerals, and advocating for trade exemptions to restore global competitiveness while ensuring long-term resource security.

How Is The Underground Personnel Carrier Market Segmented?

1) By Product Type: Diesel Underground Personnel Carrier, Electric Underground Personnel Carrier, Hybrid Underground Personnel Carrier

2) By Capacity: Less than 10 Persons, 10-20 Persons, More than 20 Persons

3 By Application: Mining, Tunneling, Construction, Other Applications

4) By End-User: Mining Companies, Construction Companies, Government And Municipalities, Others End-Users

Subsegments:

1) By Diesel Underground Personnel Carrier: Low Emission Diesel Carrier, Heavy-Duty Diesel Carrier, Compact Diesel Carrier, Long-Haul Diesel Carrier

2) By Electric Underground Personnel Carrier: Battery-Powered Carrier, Trolley-Powered Carrier, Fast-Charging Electric Carrier, Autonomous Electric Carrier

3) By Hybrid Underground Personnel Carrier: Diesel-Electric Hybrid Carrier, Plug-ln Hybrid Carrier, Regenerative Hybrid Carrier, Extended Range Hybrid Carrier

What Is Driving The Underground Personnel Carrier Market? Surge In Demand For Mining Activities Fueling The Growth Of The Market due to Rising Global Demand For Raw Materials

The increasing mining activities are expected to propel the growth of the underground personnel carrier market going forward. Mining activities refer to the exploration and extraction of minerals and other geological materials from the earth. The rise in mining activities due to increasing global demand for raw materials is driving more extraction operations to supply essential minerals and metals to industries. Underground personnel carriers help mining activities by safely and efficiently transporting workers within underground tunnels, reducing travel time, improving operational productivity, and supporting continuous mining operations. For instance, in October 2024, according to Gov.UK, a UK government online platform, the UK produced 93,243 tonnes of coal in 2023, of which 66,357 tonnes came from surface mines and 26,885 tonnes from underground mines. Therefore, increasing mining activities are driving the growth of the underground personnel carrier industry.

Who Are The Major Players In The Global Underground Personnel Carrier Market?

Major companies operating in the underground personnel carrier market are Caterpillar Incorporated; Komatsu Limited; Sandvik AB; Epiroc AB; Titan Machinery; Normet Group; MacLean Engineering Company; Resemin SA; Fambition Heavy Machinery; Brookville Equipment Corporation; Getman Corporation; Mine Master Limited; RDH Mining Equipment; Timberland Equipment Company; Paus Maschinenfabrik GmbH; Total Equipment Services Incorporated; Jacon Technologies Pty Limited; Kovatera Incorporated; Classic Motors; Tuoxing Machinery.

What Are The Key Trends Of The Global Underground Personnel Carrier Market? Launch Of Heavy-Duty Multipurpose Utility Vehicle To Enhance Underground Mining Efficiency And Safety

Major companies operating in the underground personnel carrier market are focusing on developing advanced solutions, such as heavy-duty multipurpose utility vehicles, to enhance underground mining efficiency and worker safety. A multipurpose utility vehicle refers to a versatile underground transport solution designed to carry personnel, equipment, and materials while ensuring durability and performance in challenging mining environments. For instance, in July 2025, JA Engineering, a South Africa-based mining equipment manufacturer, partnered with Ferrit s.r.o., a Czech Republic-based engineering company, to launch a heavy-duty multipurpose utility vehicle for underground mining operations. This innovation was introduced to improve underground logistics by providing a robust vehicle capable of performing multiple functions, including personnel transport, material handling, and equipment support, within confined underground conditions. Built with advanced safety systems, ergonomic design, and customizable configurations, it enhances operational flexibility and reliability. The new vehicle strengthens JA Engineering and Ferrit’s product portfolio, helping mining companies improve productivity, ensure worker safety, and optimize underground transportation efficiency.

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What Are Latest Mergers And Acquisitions In The Underground Personnel Carrier Market? Komatsu America Acquires GHH Group GmbH To Strengthen Underground Mining Capabilities

In July 2024, Komatsu America Corp., a US-based machine industry company, acquired GHH Group GmbH for an undisclosed amount. With this acquisition, Komatsu America Corp aims to expand its underground mining product portfolio, strengthen global production and service capabilities, and provide enhanced support and access to customers in key markets, thereby improving operational efficiency and delivering greater value across new and existing mining operations worldwide. GHH Group GmbH is a Germany-based company specializing in the design, manufacture, and service of underground mining, tunneling, and special civil engineering equipment, including loaders (LHDs).

What Is The Regional Outlook For The Global Underground Personnel Carrier Market?

North America was the largest region in the underground personnel carrier market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Underground Personnel Carrier Market?

The underground personnel carrier market consists of sales of specialized underground transport vehicles, underground shuttle carriers, underground crew transporters, underground emergency response vehicles, and underground multi-purpose carriers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Underground Personnel Carrier Industry?

The underground personnel carrier market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the underground personnel carrier industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Abhilash Pyata

Underground Personnel Carrier Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$1.50 billion
Revenue Forecast In 2034	$2.04 billion
Growth Rate	CAGR of 8.3% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	Product Type, Capacity, Application, End-User
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, ...
Key Companies Profiled	Caterpillar Incorporated; Komatsu Limited; Sandvik AB; Epiroc AB; Titan Machinery; Normet Group; MacLean Engineering Company; Resemin SA; Fambition Heavy Machinery; Brookville Equipment Corporation; Getman Corporation; Mine Master Limited; RDH Mining Equipment; Timberland Equipment Company; Paus Maschinenfabrik GmbH; Total Equipment Services Incorporated; Jacon Technologies Pty Limited; Kovatera Incorporated; Classic Motors; Tuoxing Machinery.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Underground Personnel Carrier Market Characteristics

3. Underground Personnel Carrier Market Trends And Strategies

4. Underground Personnel Carrier Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Underground Personnel Carrier Growth Analysis And Strategic Analysis Framework

5.1. Global Underground Personnel Carrier PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Underground Personnel Carrier Market Growth Rate Analysis

5.4. Global Underground Personnel Carrier Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Underground Personnel Carrier Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Underground Personnel Carrier Total Addressable Market (TAM)

6. Underground Personnel Carrier Market Segmentation

6.1. Global Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Diesel Underground Personnel Carrier

Electric Underground Personnel Carrier

Hybrid Underground Personnel Carrier

6.2. Global Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Less than 10 Persons

10-20 Persons

More than 20 Persons

6.3. Global Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Mining

Tunneling

Construction

Other Applications

6.4. Global Underground Personnel Carrier Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Mining Companies

Construction Companies

Government And Municipalities

Others End-Users

6.5. Global Underground Personnel Carrier Market, Sub-Segmentation Of Diesel Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Low Emission Diesel Carrier

Heavy-Duty Diesel Carrier

Compact Diesel Carrier

Long-Haul Diesel Carrier

6.6. Global Underground Personnel Carrier Market, Sub-Segmentation Of Electric Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Battery-Powered Carrier

Trolley-Powered Carrier

Fast-Charging Electric Carrier

Autonomous Electric Carrier

6.7. Global Underground Personnel Carrier Market, Sub-Segmentation Of Hybrid Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Diesel-Electric Hybrid Carrier

Plug-ln Hybrid Carrier

Regenerative Hybrid Carrier

Extended Range Hybrid Carrier

7. Underground Personnel Carrier Market Regional And Country Analysis

7.1. Global Underground Personnel Carrier Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Underground Personnel Carrier Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Underground Personnel Carrier Market

8.1. Asia-Pacific Underground Personnel Carrier Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Underground Personnel Carrier Market

9.1. China Underground Personnel Carrier Market Overview

9.2. China Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Underground Personnel Carrier Market

10.1. India Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Underground Personnel Carrier Market

11.1. Japan Underground Personnel Carrier Market Overview

11.2. Japan Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Underground Personnel Carrier Market

12.1. Australia Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Underground Personnel Carrier Market

13.1. Indonesia Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Underground Personnel Carrier Market

14.1. South Korea Underground Personnel Carrier Market Overview

14.2. South Korea Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Underground Personnel Carrier Market

15.1. Western Europe Underground Personnel Carrier Market Overview

15.2. Western Europe Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Underground Personnel Carrier Market

16.1. UK Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Underground Personnel Carrier Market

17.1. Germany Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Underground Personnel Carrier Market

18.1. France Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Underground Personnel Carrier Market

19.1. Italy Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Underground Personnel Carrier Market

20.1. Spain Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Underground Personnel Carrier Market

21.1. Eastern Europe Underground Personnel Carrier Market Overview

21.2. Eastern Europe Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Underground Personnel Carrier Market

22.1. Russia Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Underground Personnel Carrier Market

23.1. North America Underground Personnel Carrier Market Overview

23.2. North America Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Underground Personnel Carrier Market

24.1. USA Underground Personnel Carrier Market Overview

24.2. USA Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Underground Personnel Carrier Market

25.1. Canada Underground Personnel Carrier Market Overview

25.2. Canada Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Underground Personnel Carrier Market

26.1. South America Underground Personnel Carrier Market Overview

26.2. South America Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Underground Personnel Carrier Market

27.1. Brazil Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Underground Personnel Carrier Market

28.1. Middle East Underground Personnel Carrier Market Overview

28.2. Middle East Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Underground Personnel Carrier Market

29.1. Africa Underground Personnel Carrier Market Overview

29.2. Africa Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Underground Personnel Carrier Market Competitive Landscape And Company Profiles

30.1. Underground Personnel Carrier Market Competitive Landscape

30.2. Underground Personnel Carrier Market Company Profiles

30.2.1. Caterpillar Incorporated Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Komatsu Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Sandvik AB Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Epiroc AB Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Titan Machinery Overview, Products and Services, Strategy and Financial Analysis

31. Underground Personnel Carrier Market Other Major And Innovative Companies

31.1. Normet Group

31.2. MacLean Engineering Company

31.3. Resemin SA

31.4. Fambition Heavy Machinery

31.5. Brookville Equipment Corporation

31.6. Getman Corporation

31.7. Mine Master Limited

31.8. RDH Mining Equipment

31.9. Timberland Equipment Company

31.10. Paus Maschinenfabrik GmbH

31.11. Total Equipment Services Incorporated

31.12. Jacon Technologies Pty Limited

31.13. Kovatera Incorporated

31.14. Classic Motors

31.15. Tuoxing Machinery

32. Global Underground Personnel Carrier Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Underground Personnel Carrier Market

34. Recent Developments In The Underground Personnel Carrier Market

35. Underground Personnel Carrier Market High Potential Countries, Segments and Strategies

35.1 Underground Personnel Carrier Market In 2029 - Countries Offering Most New Opportunities

35.2 Underground Personnel Carrier Market In 2029 - Segments Offering Most New Opportunities

35.3 Underground Personnel Carrier Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Underground Personnel Carrier Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Underground Personnel Carrier Market, Sub-Segmentation Of Diesel Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Underground Personnel Carrier Market, Sub-Segmentation Of Electric Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Underground Personnel Carrier Market, Sub-Segmentation Of Hybrid Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Underground Personnel Carrier Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Underground Personnel Carrier Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Caterpillar Incorporated Financial Performance

Table 79: Komatsu Limited Financial Performance

Table 80: Sandvik AB Financial Performance

Table 81: Epiroc AB Financial Performance

Table 82: Titan Machinery Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Underground Personnel Carrier Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Underground Personnel Carrier Market, Sub-Segmentation Of Diesel Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Underground Personnel Carrier Market, Sub-Segmentation Of Electric Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Underground Personnel Carrier Market, Sub-Segmentation Of Hybrid Underground Personnel Carrier, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Underground Personnel Carrier Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Underground Personnel Carrier Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Underground Personnel Carrier Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Underground Personnel Carrier Market, Segmentation By Capacity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Underground Personnel Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Caterpillar Incorporated Financial Performance

Figure 79: Komatsu Limited Financial Performance

Figure 80: Sandvik AB Financial Performance

Figure 81: Epiroc AB Financial Performance

Figure 82: Titan Machinery Financial Performance

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Frequently Asked Questions

What is the definition of the Underground Personnel Carrier market?

How will the Underground Personnel Carrier market drivers and restraints affect the market dynamics? What forces will shape the Underground Personnel Carrier industry going forward?

The market major growth driver - Surge In Demand For Mining Activities Fueling The Growth Of The Market due to Rising Global Demand For Raw Materials. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Underground Personnel Carrier market?

The underground personnel carrier market size has grown strongly in recent years. It will grow from $1.39 billion in 2024 to $1.50 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing demand for underground mining operations, rising focus on worker safety and productivity, growing need for efficient transportation of personnel in mines, increasing adoption of advanced mining equipment, rising investment in underground mining infrastructure, and growing mining activities in developing countries. The underground personnel carrier market size is expected to see strong growth in the next few years. It will grow to $2.04 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing adoption of electric and battery-powered carriers, rising focus on sustainable and zero-emission mining solutions, growing demand for automation and remote-controlled equipment, increasing investment in underground mining projects, and rising emphasis on reducing worker fatigue and improving safety standards. Major trends in the forecast period include advancement in battery-electric underground carriers, innovation in autonomous and driverless personnel carriers, integration of IoT and telematics for real-time monitoring, advancement in ergonomic design for worker comfort, and innovation in lightweight and durable vehicle materials. For further insights on this market, request a sample here

How is the Underground Personnel Carrier market segmented?

The underground personnel carrier market covered in this report is segmented –
1) By Product Type: Diesel Underground Personnel Carrier, Electric Underground Personnel Carrier, Hybrid Underground Personnel Carrier
2) By Capacity: Less than 10 Persons, 10-20 Persons, More than 20 Persons 3 By Application: Mining, Tunneling, Construction, Other Applications
4) By End-User: Mining Companies, Construction Companies, Government And Municipalities, Others End-Users Subsegments:
1) By Diesel Underground Personnel Carrier: Low Emission Diesel Carrier, Heavy-Duty Diesel Carrier, Compact Diesel Carrier, Long-Haul Diesel Carrier
2) By Electric Underground Personnel Carrier: Battery-Powered Carrier, Trolley-Powered Carrier, Fast-Charging Electric Carrier, Autonomous Electric Carrier
3) By Hybrid Underground Personnel Carrier: Diesel-Electric Hybrid Carrier, Plug-ln Hybrid Carrier, Regenerative Hybrid Carrier, Extended Range Hybrid Carrier For further insights on this market, request a sample here

Which region has the largest share of the Underground Personnel Carrier market? What are the other regions covered in the report?

North America was the largest region in the underground personnel carrier market in 2024. The regions covered in the underground personnel carrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on this market, request a sample here.

Who are the major players in the Underground Personnel Carrier market?

What are the key trends in the Underground Personnel Carrier market?

Major trends in this market include Launch Of Heavy-Duty Multipurpose Utility Vehicle To Enhance Underground Mining Efficiency And Safety. For further insights on this market, request a sample here.