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The underground mining equipment market is poised to grow by $5.93 bn during 2022-2026, accelerating at a CAGR of 3.81% during the forecast period. The report on the underground mining equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the availability of efficient and safe underground mining equipment, rising demand for precious metals, and growing demand for cobalt owing to the increasing adoption of electric vehicles.
The underground mining equipment market analysis includes the application segment and geographic landscape.
The underground mining equipment market is segmented as below:
By Application
- Room and pillar mining
- Longwall mining
- Borehole mining
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the technological advances in underground mining equipment as one of the prime reasons driving the underground mining equipment market growth during the next few years. Also, increasing focus on conserving the environment and emission control and increased use of artificial intelligence (ai), deep learning (dl), and machine learning (ML) technologies will lead to sizable demand in the market.
The report on the underground mining equipment market covers the following areas:
- Underground mining equipment market sizing
- Underground mining equipment market forecast
- Underground mining equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading underground mining equipment market vendors that include AB Volvo, Atlas Copco AB, Boart Longyear Ltd, Caterpillar Inc., CME Blasting and Mining Equipment Ltd, CMM Cocental SAS, FURUKAWA Co. Ltd, Guizhou Sinodrills Equipment Co. Ltd, Hitachi Construction Machinery Co. Ltd., Kennametal Inc., Komatsu Ltd., Mindrill Systems and Solutions Pvt. Ltd., Resemin SA, REVATHI EQUIPMENT Ltd, ROCKMORE International Inc., Sandvik AB, Schmidt Kranz and Co Gmbh, Sulzer Ltd., TEI Rock Drills, and Yantai Jiaxiang Mining Machinery Co Ltd. Also, the underground mining equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global underground mining equipment market: AB Volvo, Atlas Copco AB, Boart Longyear Ltd, Caterpillar Inc., CME Blasting and Mining Equipment Ltd, CMM Cocental SAS, FURUKAWA Co. Ltd, Guizhou Sinodrills Equipment Co. Ltd, Hitachi Construction Machinery Co. Ltd., Kennametal Inc., Komatsu Ltd., Mindrill Systems and Solutions Pvt. Ltd., Resemin SA, REVATHI EQUIPMENT Ltd, ROCKMORE International Inc., Sandvik AB, Schmidt Kranz and Co Gmbh, Sulzer Ltd., TEI Rock Drills, and Yantai Jiaxiang Mining Machinery Co Ltd.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is technological advances in underground mining equipment.`
According to the report, one of the major drivers for this market is the availability of efficient and safe underground mining equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- AB Volvo
- Atlas Copco AB
- Boart Longyear Ltd
- Caterpillar Inc.
- CME Blasting and Mining Equipment Ltd
- CMM Cocental SAS
- FURUKAWA Co. Ltd
- Guizhou Sinodrills Equipment Co. Ltd
- Hitachi Construction Machinery Co. Ltd.
- Kennametal Inc.
- Komatsu Ltd.
- Mindrill Systems and Solutions Pvt. Ltd.
- Resemin SA
- REVATHI EQUIPMENT Ltd
- ROCKMORE International Inc.
- Sandvik AB
- Schmidt Kranz and Co Gmbh
- Sulzer Ltd.
- TEI Rock Drills
- Yantai Jiaxiang Mining Machinery Co Ltd
