+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Underground Mining Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • ID: 5530535
  • Report
  • January 2022
  • Region: Global
  • 106 Pages
  • IMARC Group

FEATURED COMPANIES

  • BELAZ
  • Caterpillar Inc.
  • Epiroc AB
  • Komatsu Ltd.
  • Liebherr
  • Sandvik AB
The global underground mining equipment market reached a value of US$ 26.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 33.1 Billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemics. These insights are included in the report as a major market contributor

Underground mining is the process of extraction of minerals and ores that are buried deep inside the earth’s crust. Major types of underground mining techniques that are used include hard and soft mining. With hard underground mining the process of excavation of hard minerals such as lead, copper, nickel, iron, gold and silver is carried out. However, minerals such as potash, coal, oil shale and other minerals are extracted with the help of soft underground mining techniques. Various types of mining equipment are available in the market based on the type of mineral that needs to be extracted. Equipment used for underground mining include overhead loaders, draglines, shovels, haul trucks, front end loaders, gathering-arm loaders, conveyors, etc

Global Underground Mining Equipment Market Trends:

Catalyzed by stable economic growth across both developed and developing regions, increasing levels of disposable incomes and a rise in the middle-class population, there has been a strong growth in the demand of various minerals such as iron, gold, copper, coal, lead, aluminum, silver, etc. This has catalyzed a rising demand for underground mining equipment. Moreover, the substantial rise in the consumption of energy in the form of coal and nuclear fuels as a result of increasing urbanization and industrialization is also creating a positive impact on the demand of underground mining equipment. Additionally, underground mining causes minimum harm to the environment as compared to surface mining. With explosions being made underground, no toxic gases are released in the surroundings. Other factors that are currently driving this market include - lack of manual labor and its rising costs, increasing focus on improving the yield and productivity, enhanced use of high-quality equipment in mining, etc

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global underground mining equipment market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type of mining and application

Breakup by Type of Mining:

  • Longwalls
  • Room and Pillars

Based on the type of mining, the market has been segmented as longwalls, and room & pillars. Longwalls currently represent the biggest segment

Breakup by Application:

  • Coal Mining
  • Metal Mining
  • Mineral Mining

On the basis of application, coal mining represents the largest segment. Other major segments include metal mining and mineral mining

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Caterpillar Inc., Epiroc AB, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Liebherr, Sandvik AB, Sany Group Co., Ltd., Volvo, BELAZ and XCMG Group

This report provides a deep insight into the global underground mining equipment market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the underground mining equipments industry in any manner

Key Question Answered in this Report

1. What was the global underground mining equipment market size in 2021?
2. What is the impact of COVID-19 on the global underground mining equipment market?
3. What are the major global underground mining equipment market drivers?
4. What are the major trends in the global underground mining equipment market?
5. What is the global underground mining equipment market breakup by type of mining?
6. What is the global underground mining equipment market breakup by application?
7. What is the global underground mining equipment market breakup by region?
8. Who are the leading players in the global underground mining equipment market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BELAZ
  • Caterpillar Inc.
  • Epiroc AB
  • Komatsu Ltd.
  • Liebherr
  • Sandvik AB

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Underground Mining Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type of Mining
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Type of Mining
6.1 Longwalls
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Room and Pillars
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Coal Mining
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Metal Mining
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Mineral Mining
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Underground Mining Equipment Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Caterpillar Inc.
10.3.2 Epiroc AB
10.3.3 Hitachi Construction Machinery Co., Ltd.
10.3.4 Komatsu Ltd.
10.3.5 Liebherr
10.3.6 Sandvik AB
10.3.7 Sany Group Co., Ltd.
10.3.8 Volvo
10.3.9 BELAZ
10.3.10 XCMG Group
List of Figures
Figure 1: Global: Underground Mining Equipment Market: Major Drivers and Challenges
Figure 2: Global: Underground Mining Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Underground Mining Equipment Market: Breakup by Type of Mining (in %), 2021
Figure 4: Global: Underground Mining Equipment Market: Breakup by Application (in %), 2021
Figure 5: Global: Underground Mining Equipment Market: Breakup by Region (in %), 2021
Figure 6: Global: Underground Mining Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Underground Mining Equipment Industry: SWOT Analysis
Figure 8: Global: Underground Mining Equipment Industry: Value Chain Analysis
Figure 9: Global: Underground Mining Equipment Industry: Porter’s Five Forces Analysis
Figure 10: Global: Underground Mining Equipment (Longwalls) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Underground Mining Equipment (Longwalls) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Underground Mining Equipment (Room and Pillars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Underground Mining Equipment (Room and Pillars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Underground Mining Equipment (Coal Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Underground Mining Equipment (Coal Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Underground Mining Equipment (Metal Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Underground Mining Equipment (Metal Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Underground Mining Equipment (Mineral Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Underground Mining Equipment (Mineral Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Asia Pacific: Underground Mining Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Asia Pacific: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Underground Mining Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Europe: Underground Mining Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Europe: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Middle East and Africa: Underground Mining Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Middle East and Africa: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Latin America: Underground Mining Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Latin America: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Underground Mining Equipment Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Underground Mining Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Underground Mining Equipment Market Forecast: Breakup by Type of Mining (in Million US$), 2022-2027
Table 3: Global: Underground Mining Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Underground Mining Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Underground Mining Equipment: Raw Material Requirements
Table 6: Global: Underground Mining Equipment Market: Competitive Structure
Table 7: Global: Underground Mining Equipment Market: Key Players
Note: Product cover images may vary from those shown
  • Caterpillar Inc.
  • Epiroc AB
  • Hitachi Construction Machinery Co. Ltd.
  • Komatsu Ltd.
  • Liebherr
  • Sandvik AB
  • Sany Group Co. Ltd.
  • Volvo
  • BELAZ
  • XCMG Group.
Note: Product cover images may vary from those shown

Loading
LOADING...