Underground Mining Equipment Market Analysis

Underground Mining Equipment Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment; 2017 - 2027

Underground Mining Equipment Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment; 2017 - 2027
  • SELECT LICENSE TYPE :

  • US$5,000
  • US$7,500
  • US$10,000

This Underground Mining Equipment market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Underground Mining Equipment market.


Underground Mining Equipment Market: Introduction

Underground mining is processed to extract ores and minerals that are buried far below the earth’s surface. Among various mining techniques, there are mainly two types of underground mining techniques, i.e., hard and soft mining. Hard underground mining process includes excavation of hard minerals such as lead, nickel, copper, and iron, gold and silver. However, the soft rock underground mining technique includes extraction of minerals such as potash, coal and oil shale. Additionally, with the growing demand to increase production, innovative methods of mining are evolved which have substantially increased the application of mining equipment and automation in the mining industry. Owing to manpower risk and capital involved, various types of mining equipment are used to extract minerals from below the surface in a safe and economical way as possible. Some of the common equipment used for underground mining are overhead loaders, Load-Haul-Dump unit's rubber-tired shuttle cars and trucks, front-end loaders, gathering-arm loaders, loading and hauling excavated ore are slashers as well as conveyors and rails for the transportation purpose.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Underground Mining Equipment Market:
Global Industry Analysis 2012 - 2016 and Opportunity Assessment; 2017 - 2027
Underground Mining Equipment Market: Dynamics

The key aspect leading to the growth of the underground mining equipment market is the pressure on the mining industry to increase production in order to fulfill the demand from end-use industries. Moreover, the growing energy demand from various sectors including manufacturing is also one of the major factors behind the growing production of coal, nuclear fuels leading to the growth of underground mining industry which has also led to the growth of global underground mining equipment across the globe. Also, supporting government policies related to mining have also impacted the global underground mining equipment market positively. Other factors promoting the growth of the underground mining equipment market are the scarcity of labor, increasing focus enhancing yield and productivity and the growing use of high capacity equipment in mining, raising awareness among people regarding the need to use better technology equipment for better results.

However, the general lack of awareness amongst people and the high price of underground mining equipment can act as restraint to the growth of the global underground mining equipment market.

Underground Mining Equipment Market: Regional Outlook

North America holds a major share in the production global underground mining equipment market owing to established prominent players such as caterpillar, John Deere, etc. It is followed by Western Europe and Asia Pacific. Africa and Asia Pacific are projected to be major consumers owing to the extensive applications of underground mining equipment in the mining industry to increase production. Increase in industrial production and manufacturing across the globe have also increased the demand for power from the end-user industries increasing the mining, which in turn, will influence the demand for underground Mining Equipment in the region over the forecast period. Rest of the world is estimated to account for a relatively small share of the underground mining equipment market.

Underground Mining Equipment Market: Key Participants

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

Competitive Positioning Matrix

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.



Average Selling Price (ASP) Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Underground Mining Equipment Market: Segmentation

  • On the basis of type, the underground mining equipment market can be segmented as follows:
    • Mineral processing equipment
    • Underground mining equipment
    • Surface mining equipment
    • Mining drills & breakers
    • Pulverizing, crushing & screening equipment
    • Others

Examples of some of the market participants operating across the value chain of the global underground mining equipment market are:

  • Caterpillar Inc.
  • Komatsu Mining Corp.
  • Sandvik AB
  • Hitachi Co. Ltd.
  • Atlas Copco Group
  • Volvo Group
  • Doosan Group
  • Metso Corporation
  • Liebherr Group
  • Minemaster. eu.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Get in touch

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Business Development

Request Sample Request customization Request Methodology