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Underground Mining Equipment Market

Underground Mining Equipment Market Size, Share & Trends Analysis Report

Underground Mining Equipment Market By Type (Mineral Processing Equipment, Surface Mining Equipment, Underground Mining Equipment, Mining Drills, Breakers), By Application (Metal Mining, Mineral Mining, Coal Mining), Industry Analysis, Trends, And Forecast, 2021-2027

Published
Report ID : BMRC 215
Number of pages : 300
Published Date : Nov 2022
Category : Energy And Mining
Delivery Timeline : 48 hrs

Underground Mining Equipment Market is valued at USD 134.42 Billion in 2018 and expected to reach USD 250.35 Billion by 2025 with the CAGR of 9.29% over the forecast period– increasing mining activities for extraction of metals and minerals is the key driving factor of Global Underground Mining Equipment Market.

Underground mining equipment market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about automotive camera market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.

Underground mining equipment is the machinery which helps to carry out rocks, minerals, or precious stones that are located at a long distance far beneath the ground to be extracted with surface mining. Most of the mining is carried out using continuous mining method that works with continuous mining mechanism to cut the coal deposits from the walls. This means there is less issue of blasting and drilling so that it is safer than the previous techniques of underground mining. Mining process might vary according to the type of metals and minerals to be extracted from the earth. Various kinds of machinery used for underground mining are; dump trucks, shuttle car, continuous miner, long wall mining equipment and others.

Major factor driving the growth of underground mining equipment market is rapidly increasing mining activities for extraction of metals and minerals from the far beneath of ground, to deal with growing demand for metals, mineral and consumer goods. In addition, adoption of advanced technologies such as automation and smart technology is reducing labor cost and operational time associated with mining activities is also anticipated to increase the demand for innovative mining equipment. Increase in usage of coal along with large population growth for electricity generation and steel generation will further  increase the demand of mining equipment continuously. However, continuous increase in prices of raw materials can hampers the growth of the market. Technological advancement in smart remote technology can be an opportunity for underground mining equipment market within the forecast period.

Underground Mining Equipment Market Revenue (USD Billion) Analysis by Regional and Global, 2019-2025

Key players of the underground mining equipment market are Caterpillar Inc, Komatsu Ltd, Liebherr Group, Sandvik AB, Hitachi Ltd,  Copco, Metso Corp. and others.

Underground Mining Equipment Market Segmentation –

By Type:

  • Mineral processing equipment
  • Surface Mining Equipment
  • Underground mining equipment
  • Mining Drills
  • Breakers
  • Others

By Application:

  • Metal mining
  • Mineral mining
  • Coal mining

By Region:

North America
• U.S.
• Canada

Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific
• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America
• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Top Key Players

  • Caterpillar Inc
  • Komatsu Ltd
  • Liebherr Group
  • Sandvik AB
  • Hitachi Ltd
  • Copco
  • Metso Corp
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Type:

  • Mineral processing equipment
  • Surface Mining Equipment
  • Underground mining equipment
  • Mining Drills
  • Breakers
  • Others

By Application:

  • Metal mining
  • Mineral mining
  • Coal mining
Country
Regions and Country

North America

  • U.S.
    U.S.
  • Canada
    Canada

Europe

  • Germany
    Germany
  • France
    France
  • U.K.
    U.K.
  • Italy
    Italy
  • Spain
    Spain
  • Sweden
    Sweden
  • Netherlands
    Netherlands
  • Turkey
    Turkey
  • Switzerland
    Switzerland
  • Belgium
    Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
    South Korea
  • Japan
    Japan
  • China
    China
  • India
    India
  • Australia
    Australia
  • Philippines
    Philippines
  • Singapore
    Singapore
  • Malaysia
    Malaysia
  • Thailand
    Thailand
  • Indonesia
    Indonesia
  • Rest of APAC

Latin America

  • Mexico
    Mexico
  • Colombia
    Colombia
  • Brazil
    Brazil
  • Argentina
    Argentina
  • Peru
    Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
    Saudi Arabia
  • UAE
    UAE
  • Egypt
    Egypt
  • South Africa
    South Africa
  • Rest of MEA
Company
Key Players
  • Caterpillar Inc
  • Komatsu Ltd
  • Liebherr Group
  • Sandvik AB
  • Hitachi Ltd
  • Copco
  • Metso Corp

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