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Underground Mining Equipment Market Outlook (2023 to 2033)

The underground mining equipment market is expected to expand its roots at a lower CAGR of 2.3% during the forecast period. The market is likely to hold a revenue of US$ 16.37 billion in 2023 while it is anticipated to cross a value of US$ 20.55 billion by 2033.

The research report on the underground mining equipment market states that the transforming mining industry and increasing focus on underground mining has increased. This is due to the low density of minerals on the surface and the lower environmental footprint. Furthermore, the advent of artificial intelligence, robotics, machine learning, and location awareness is anticipated to lead the market growth during the forecast period.

The advanced developments in the automotive & transport industry and their equipment have created a space for the transformation of underground mining equipment. The AI-driven equipment already shows promising results as they maximize productivity and efficiency. Other examples of modern mining equipment are autonomous trucks that use precision GPS tech to track the floor in underground mines.

Underground mining equipment market analysis explains that climate change has slowed the sector’s growth. Hence, the development of the latest automated and sustainable equipment limits the damage done to the earth during underground mining. Furthermore, the application of robots and automated vehicles is expected to limit the number of accidents during mining activity.

The rising demand for hard elements such as gold, silver, iron, copper, zinc, tin, and lead is also anticipated to fuel the market growth. Private and public underground mining projects are thriving across the border. This fuels the research and development facilities extended by underground mining equipment companies.

Attributes Details
Underground Mining Equipment Market CAGR (2023 to 2033) 2.3%
Underground Mining Equipment Market Size (2023) US$ 16.37 billion
Underground Mining Equipment Market Size (2033) US$ 20.55 billion

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How is the Future Outlook (2023 to 2033) for Underground Mining Equipment Market in Comparison to the Historical Pattern (2018 to 2022)?

Short-term Growth (2023 to 2026): The growing demand for hard metals for different applications such as hardware production for smart technologies is expected to propel growth during this period. Furthermore, the higher population leading to higher consumption of gadgets, pearls, and other by-products is also flourishing the demand for underground mining equipment. With these wide ranges of applications, the market is expected to hold US$ 16.37 billion in 2023 while it is likely to reach US$ 17.53 billion by 2026.

Mid-term Growth (2026 to 2029): Integration of smart technologies like artificial intelligence, machine learning, big data, and location awareness tools is expected to garner market growth during this period. Alongside this, the usage of automated vehicles for enhanced safety is also transforming the market. Lately, Rio Tinto has applied 73 autonomous trucks using precision GPS for an underground mining operation. This takes a market value from US$ 17.53 billion in 2026 to a value of US$ 18.77 billion in 2029.

Long-term Growth (2029 to 2033): The latest IoT deployment is anticipated to make underground mining equipment more sustainable. Furthermore, the improved safety dynamic with robotic equipment is likely to increase the competition in the market space. Thus, the underground Mining Equipment market is anticipated to thrive at a slightly lower CAGR of 2.3% between 2023 and 2033.

What Growth Drivers Flourish in the Underground Mining Equipment Market?

The growing demand for lead, silver, and gold for different applications of these in smart devices as conductors and emulators are fueling the demand for underground mining equipment. Furthermore, the usage of these elements in connectors, wiring, thin film layers, and smartphone technology is important. However, the latest smart technologies like artificial intelligence, advanced sensory technology, and IoT deployment are helping the overall market transformation. The application of robotics with autonomous vehicles is also increasing the productivity and efficiency of mining operations. These market advancements also add safety as they limit the number of men entering the mining caves, saving them from any misfortune. Alongside this, the higher demand for smartphones has led to increased requirement of lead as it is the soft, heavy toxic malleable metallic component that is used in the solder that joins the different elements of any smartphone.

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What are the Major Restraints in the Underground Mining Equipment Market?

Some of the major restraints for the underground mining equipment market are underground mining’s high impact on the environment and soil health. Its major effect on the Earth’s core is yet under study. Furthermore, the costly investment in the latest underground mining equipment is leading end-user to choose the conventional form of underground mining equipment.

Comparative View of the Underground Mining Equipment Market 

Underground Mining Equipment Market:

Attributes Underground Mining Equipment Market
CAGR (2023 to 2033) 2.3%
Market Value (2033) US$ 20.55 billion
Growth Factor Increased usage of hard metal in smartphone and devices, higher technological integration, and expansion of underground mines across the world fuels the sales of underground mining equipment.
Opportunity The advent of smart technology in this equipment has transformed the market. These technologies involve artificial intelligence-based robots, IoT deployment, machine learning, and more.
Key Trends Autonomous vehicles including mining trucks are shaping the growth trends in the market.

Mining Machinery Market:

Attributes Mining Machinery Market
CAGR (2023 to 2033) 4.4%
Market Value (2033) US$ 51.09 billion
Growth Factor Rising demand for commodities, metals, and by-products along with the expanding mining activities through private and public projects are collectively flourishing the market growth.
Opportunity The advent of electric & autonomous mining machinery with integrated AI and sensory units is expected to increase the market competition while bringing new opportunities to the market.
Key Trends The mining truck segment used in underground mining projects is trending in the market space.

Electric Drive Mining Truck Market:

Attributes Electric Drive Mining Truck Market
CAGR (2023 to 2033) 26.4%
Market Value (2033) US$ 6.56 billion
Growth Factor The higher demand for sustainable mining equipment and vehicles that limits the environmental footprint along with the extended research and development activities are flourishing the demand for electric drive mining trucks
Opportunity The higher demand for solid minerals, ores, and metals for a wide range of applications is creating higher opportunities for the electric drive truck market.
Key Trends Different sizes and capacity holding trucks are delivering options to the end users.

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Underground Mining Equipment Market Country-wise Insights

Region/Country Revenue Share % (2023)
United States 10.0%
Germany 1.6%
Japan 2.8%
Australia 6.6%

Why is the United States Considered a Lucrative Market for Underground Mining Equipment?

Propelling Demand for Automation and Technological Integration in the Mining Sector is likely to Boost Sales of Mining Screening Equipment

The United States underground mining equipment market leads in terms of market share in the North American region. The region is expected to hold a market share of 10.0% in 2023. While the North American market held a market share of 12.7% in 2022.

The higher market capture is attributed to the expanding recovery operation of the underground coal mines, refilling of these, and a limited amount of underground mining operations. These operations lead to the demand for advanced mining equipment.

As per the USA Energy Information Administration, in 2020, around 535 million short tons of coal were produced in 22 states in the region. Five states, namely Wyoming, West Virginia, Pennsylvania, Illinois, and North Dakota recorded 71% of the total coal production in the USA in 2020.

How does China perform in Underground Mining Equipment Market?  

Government Projects along with the Usage of Autonomous Mining Machinery is Spurring the Regional Market

Chinese Underground Mining Equipment market thrives at a CAGR of 3.2% between 2023 and 2033. The regional growth is attributed to the sales of hydraulic mining machines and autonomous vehicles that ensure safety checks during any mining operation. Increased accidents during gold mining projects and exploration in China are expected to drive sales in the market. In addition to this, increasing coal consumption in the country is pushing sales in the coal mining sector.

What makes the United Kingdom another significant market for Underground Mining Equipment Market?

Technological Advancements to Bolster Sales of Hard Rock Mining Tools

The United Kingdom Underground mining equipment market thrives at a CAGR of 2.1% during the forecast period. The growth is attributed to the rising concern on safety and security concerns in underground mines.  The stringent government norms around underground mining are also pushing mining companies to adopt the latest equipment such as AI-driven machinery, trucks, and other tools. Alongside this, the advent of telematics in the mining industry is likely to bode well for the growth of the market over the assessment period.

Category-Wise Landscape

By Product Type:

Category By Product Type
Leading Segment Mining Loaders
Market Share (2023) 10.30%

By Mining Technique:

Category By Mining Technique
Leading Segment Hard Rock Mining
Market Share (2023) 69.50%

Lower Cost per Ton, Enhanced Safety Proposition, and Operational Efficiency make Mining Loader a Better Choice

Based on product type, the mining loader segment leads as it is expected to hold a market share of 10.3% in 2023. The higher affordability according to the weight, better environmental protection standards, and increased operating safety fuels the segment’s growth. The mining truck is another prominent segment of the category. These trucks are used for moving dirt, metals, minerals, and coal, which is a vital operation in the mining sector.

Major Mining Operations involving Gold, Iron, Zinc, Copper, and Lead Digging make it the Leading Segment

Based on the mining technique, the hard rock mining technique leads with an expected market share of 69.5% in 2023. The growth is attributed to its major usage during any mining operations. The digging for large ore bodies and including easy transportation is expanding the segmental growth.

Competition Scenario

Leading players operating in the global underground mining equipment market are investing in research and development to integrate connective technology into their products to improve sales. The integration of artificial intelligence, big data, machine learning, and IoT deployment is expected to increase the competition among key players.

How can Underground Mining Equipment Manufacturers Providers Scale their Businesses in the Market?

Underground Mining Equipment market players are working on five major strategies.

  • Integration of the latest smart technologies.
  • Adjusting the prices according to the size, quality, and capacity.
  • Undertaking and collaborating with government mining projects is another strategy key competitors adopt.

Market Developments

  • In January 2022, Swedish mining equipment company Epiroc launched a drilling software known as Mobius for Drills. The software is integrated with artificial intelligence (AI) to consolidate and analyze data from sensors to help operators in real-time decision-making.
  • Caterpillar Inc has partnered with Champion’s Canada mine to offer AI-based drilling technology. Furthermore, the LOI involves deploying a remote-controlled, semi-autonomous drilling fleet.

Key Players

  • Caterpillar Inc.
  • Sandvik AB
  • Epiroc AB
  • Komatsu Ltd
  • Boart Longyear Ltd
  • Hitachi Construction Machinery
  • Liebherr Group
  • Sany Heavy Industry Co., Ltd.
  • Xuzhou Construction Machinery Group Co. Ltd
  • Volvo Construction Equipment
  • Schmidt, Kranz & Co. Gmbh
  • J.C. Bamford Excavators Limited
  • CMM - Cocental SAS
  • Yantai Jiaxiang Mining Machinery Co., Ltd.
  • Resemin, SA

Underground Mining Equipment Market: Segmentation

Product Type:

  • Mining Loaders
  • Mining Trucks
  • Mining Drills
  • Mining Bolters
  • Mining Shearer

Continuous Miners:

  • Mining Excavators & Shovels
  • Mining Scalers
  • Mining Technique:
  • Soft Rock Mining
  • Hard Rock Mining

End Users:

  • Mining Operators
  • Rental Service Provider

Key Regions Covered:

  • North America
    • UNITED STATES
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of Middle East Asia (MEA)

Frequently Asked Questions

What are the Growth Estimates for Global Underground Mining Equipment Market?

The overall market may well grow at 2.3% CAGR concluding at US$ 20.5 billion by 2033.

Which is the Dominant Regional Market for Underground Mining Equipment Business?

The United States, with 12.7% global demand, is dominating the overall market.

How China Has Garnered a Higher Growth Potential in Sales of Underground Mining Equipment?

Growing demand for hydraulic mining machines could impart a 3.2% CAGR over the China market till 2033.

Which are the most Profitable Countries for the Sales of Marine Collagen?

The United States, Germany, and China currently represent 32.3% of the global market.

Which is the Lucrative Market for Underground Mining Equipment in Europe?

Rising mining safety concerns might drive the United Kingdom market at 2.1% CAGR through 2033.

Table of Content

1. Executive Summary | Underground Mining Equipment Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033

        5.3.1. Mining Loaders

        5.3.2. Mining Trucks

        5.3.3. Mining Drills

        5.3.4. Mining Bolters

        5.3.5. Mining Shearer

        5.3.6. Mining Excavators & Shovels

        5.3.7. Mining Scalers

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Mining Technique

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Mining Technique, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Mining Technique, 2023 to 2033

        6.3.1. Soft Rock Mining

        6.3.2. Hard Rock Mining

    6.4. Y-o-Y Growth Trend Analysis By Mining Technique, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Mining Technique, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Users, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Users, 2023 to 2033

        7.3.1. Mining Operators

        7.3.2. Rental Service Provider

    7.4. Y-o-Y Growth Trend Analysis By End Users, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By End Users, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Product Type

        9.2.3. By Mining Technique

        9.2.4. By End Users

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product Type

        9.3.3. By Mining Technique

        9.3.4. By End Users

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Product Type

        10.2.3. By Mining Technique

        10.2.4. By End Users

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product Type

        10.3.3. By Mining Technique

        10.3.4. By End Users

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Product Type

        11.2.3. By Mining Technique

        11.2.4. By End Users

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By Mining Technique

        11.3.4. By End Users

    11.4. Key Takeaways

12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        12.2.2. By Product Type

        12.2.3. By Mining Technique

        12.2.4. By End Users

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By Mining Technique

        12.3.4. By End Users

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Product Type

        13.2.3. By Mining Technique

        13.2.4. By End Users

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By Mining Technique

        13.3.4. By End Users

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Product Type

            14.1.2.2. By Mining Technique

            14.1.2.3. By End Users

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Product Type

            14.2.2.2. By Mining Technique

            14.2.2.3. By End Users

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Product Type

            14.3.2.2. By Mining Technique

            14.3.2.3. By End Users

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Product Type

            14.4.2.2. By Mining Technique

            14.4.2.3. By End Users

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Product Type

            14.5.2.2. By Mining Technique

            14.5.2.3. By End Users

    14.6. United Kingdom

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Product Type

            14.6.2.2. By Mining Technique

            14.6.2.3. By End Users

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Product Type

            14.7.2.2. By Mining Technique

            14.7.2.3. By End Users

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Product Type

            14.8.2.2. By Mining Technique

            14.8.2.3. By End Users

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Product Type

            14.9.2.2. By Mining Technique

            14.9.2.3. By End Users

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Product Type

            14.10.2.2. By Mining Technique

            14.10.2.3. By End Users

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Product Type

            14.11.2.2. By Mining Technique

            14.11.2.3. By End Users

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Product Type

            14.12.2.2. By Mining Technique

            14.12.2.3. By End Users

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Product Type

            14.13.2.2. By Mining Technique

            14.13.2.3. By End Users

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Product Type

            14.14.2.2. By Mining Technique

            14.14.2.3. By End Users

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Product Type

            14.15.2.2. By Mining Technique

            14.15.2.3. By End Users

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Product Type

            14.16.2.2. By Mining Technique

            14.16.2.3. By End Users

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Product Type

            14.17.2.2. By Mining Technique

            14.17.2.3. By End Users

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Product Type

            14.18.2.2. By Mining Technique

            14.18.2.3. By End Users

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Product Type

            14.19.2.2. By Mining Technique

            14.19.2.3. By End Users

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Product Type

            14.20.2.2. By Mining Technique

            14.20.2.3. By End Users

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Product Type

        15.3.3. By Mining Technique

        15.3.4. By End Users

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Caterpillar Inc.

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Sandvik AB

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Epiroc AB

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Komatsu Ltd

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Boart Longyear Ltd

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Hitachi Construction Machinery

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Liebherr Group

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Sany Heavy Industry Co., Ltd.

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Xuzhou Construction Machinery Group Co. Ltd

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Volvo Construction Equipment

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

        16.1.11. Schmidt, Kranz & Co. Gmbh

            16.1.11.1. Overview

            16.1.11.2. Product Portfolio

            16.1.11.3. Profitability by Market Segments

            16.1.11.4. Sales Footprint

            16.1.11.5. Strategy Overview

                16.1.11.5.1. Marketing Strategy

                16.1.11.5.2. Product Strategy

                16.1.11.5.3. Channel Strategy

        16.1.12. J.C. Bamford Excavators Limited

            16.1.12.1. Overview

            16.1.12.2. Product Portfolio

            16.1.12.3. Profitability by Market Segments

            16.1.12.4. Sales Footprint

            16.1.12.5. Strategy Overview

                16.1.12.5.1. Marketing Strategy

                16.1.12.5.2. Product Strategy

                16.1.12.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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Underground Mining Automation Market

Published : December 2022

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