Major players in the autonomous mining equipment and vehicles market are Caterpillar, Hitachi Ltd., Komatsu, Sandvik, and Atlas Copco.
The global autonomous mining equipment and vehicles market is expected to grow from $2.6 billion in 2021 to $2.94 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The autonomous mining equipment and vehicles market is expected to grow to $4.09 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%.
The autonomous mining equipment and vehicles market consist of sales of autonomous mining equipment and vehicles by entities (organizations, sole traders, partnership) that can sense the environment and navigate on the mine haul road surface without any human intervention. Autonomous equipment and vehicles function with minimal human intervention and primarily help in the safe mining and transportation of ores and other materials.
The main technologies of autonomous mining equipment and vehicles are surface mining techniques and underground mining techniques. The equipment used is a smart ventilations system, autonomous hauling truck, pumping stations, autonomous drilling rig, underground LHD loader, tunneling equipment, and other equipment. The applications involved are metal mining, mineral mining, coal mining and others.
The regions covered in autonomous mining equipment and vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Rising concerns regarding miners' safety are driving the growth of autonomous mining equipment and vehicles market as more autonomous mining equipment is employed to minimize human intervention and thereby reduce accidents. Mining is a dangerous profession with hazards such as fires, flooding, mine collapse, and health risks such as respiratory diseases, hearing loss, musculoskeletal disorders, and heat stress. Introducing autonomous equipment such as robotic loaders, laser sensors, and driverless trucks can help improve worker safety. For instance, mining company Rio Tinto is using 73 driverless trucks in four of its iron mines in Australia to improve worker safety. Therefore, the rising concerns regarding miners' safety are expected to propel the growth of the autonomous mining equipment and vehicles market.
Autonomous mining equipment manufacturers are increasingly investing in technologies for electrification of mining equipment to reduce costs and emissions. Mining companies are required to invest heavily in equipment and maintenance to remove exhaust gases and heat generated by underground mining equipment. According to EY, a typical underground mine is ventilated by 500 to 1,000 cubic meters per second of fresh air and the mechanical refrigeration needed to remove diesel equipment heat has an upfront cost of $30 million to $38 million and annual electricity costs of $0.75 million to $2.2 million. These high investment and maintenance costs can be avoided by using autonomous mining equipment that uses electricity as the source of energy.
In June 2020, Caterpillar Inc, a US-based construction machinery and equipment company acquired Marble Robot Inc. for an undisclosed amount. The acquisition is part of Caterpillar’s automation and autonomy strategy and demonstrates its commitment to the next generation of Jobsite solutions. Marble Robot, Inc. is a US-based robot and autonomy technology solutions company.
The countries covered in the autonomous mining equipment and vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.
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The global autonomous mining equipment and vehicles market is expected to grow from $2.6 billion in 2021 to $2.94 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The autonomous mining equipment and vehicles market is expected to grow to $4.09 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%.
The autonomous mining equipment and vehicles market consist of sales of autonomous mining equipment and vehicles by entities (organizations, sole traders, partnership) that can sense the environment and navigate on the mine haul road surface without any human intervention. Autonomous equipment and vehicles function with minimal human intervention and primarily help in the safe mining and transportation of ores and other materials.
The main technologies of autonomous mining equipment and vehicles are surface mining techniques and underground mining techniques. The equipment used is a smart ventilations system, autonomous hauling truck, pumping stations, autonomous drilling rig, underground LHD loader, tunneling equipment, and other equipment. The applications involved are metal mining, mineral mining, coal mining and others.
The regions covered in autonomous mining equipment and vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Rising concerns regarding miners' safety are driving the growth of autonomous mining equipment and vehicles market as more autonomous mining equipment is employed to minimize human intervention and thereby reduce accidents. Mining is a dangerous profession with hazards such as fires, flooding, mine collapse, and health risks such as respiratory diseases, hearing loss, musculoskeletal disorders, and heat stress. Introducing autonomous equipment such as robotic loaders, laser sensors, and driverless trucks can help improve worker safety. For instance, mining company Rio Tinto is using 73 driverless trucks in four of its iron mines in Australia to improve worker safety. Therefore, the rising concerns regarding miners' safety are expected to propel the growth of the autonomous mining equipment and vehicles market.
Autonomous mining equipment manufacturers are increasingly investing in technologies for electrification of mining equipment to reduce costs and emissions. Mining companies are required to invest heavily in equipment and maintenance to remove exhaust gases and heat generated by underground mining equipment. According to EY, a typical underground mine is ventilated by 500 to 1,000 cubic meters per second of fresh air and the mechanical refrigeration needed to remove diesel equipment heat has an upfront cost of $30 million to $38 million and annual electricity costs of $0.75 million to $2.2 million. These high investment and maintenance costs can be avoided by using autonomous mining equipment that uses electricity as the source of energy.
In June 2020, Caterpillar Inc, a US-based construction machinery and equipment company acquired Marble Robot Inc. for an undisclosed amount. The acquisition is part of Caterpillar’s automation and autonomy strategy and demonstrates its commitment to the next generation of Jobsite solutions. Marble Robot, Inc. is a US-based robot and autonomy technology solutions company.
The countries covered in the autonomous mining equipment and vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.
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Table of Contents
1. Executive Summary2. Autonomous Mining Equipment and Vehicles Market Characteristics26. Key Mergers And Acquisitions In The Autonomous Mining Equipment and Vehicles Market27. Autonomous Mining Equipment and Vehicles Market Trends And Strategies28. Autonomous Mining Equipment and Vehicles Market Future Outlook and Potential Analysis
3. Autonomous Mining Equipment and Vehicles Market Size And Growth
4. Autonomous Mining Equipment and Vehicles Market Segmentation
5. Autonomous Mining Equipment and Vehicles Market Regional And Country Analysis
6. Asia-Pacific Autonomous Mining Equipment and Vehicles Market
7. China Autonomous Mining Equipment and Vehicles Market
8. India Autonomous Mining Equipment and Vehicles Market
9. Japan Autonomous Mining Equipment and Vehicles Market
10. Australia Autonomous Mining Equipment and Vehicles Market
11. Indonesia Autonomous Mining Equipment and Vehicles Market
12. South Korea Autonomous Mining Equipment and Vehicles Market
13. Western Europe Autonomous Mining Equipment and Vehicles Market
14. UK Autonomous Mining Equipment and Vehicles Market
15. Germany Autonomous Mining Equipment and Vehicles Market
16. France Autonomous Mining Equipment and Vehicles Market
17. Eastern Europe Autonomous Mining Equipment and Vehicles Market
18. Russia Autonomous Mining Equipment and Vehicles Market
19. North America Autonomous Mining Equipment and Vehicles Market
20. USA Autonomous Mining Equipment and Vehicles Market
21. South America Autonomous Mining Equipment and Vehicles Market
22. Brazil Autonomous Mining Equipment and Vehicles Market
23. Middle East Autonomous Mining Equipment and Vehicles Market
24. Africa Autonomous Mining Equipment and Vehicles Market
25. Autonomous Mining Equipment and Vehicles Market Competitive Landscape And Company Profiles
29. Appendix
Executive Summary
Autonomous Mining Equipment And Vehicles Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global Autonomous Mining Equipment And Vehicles market.This report focuses on Autonomous Mining Equipment And Vehicles market which is experiencing strong growth. The report gives a guide to the Motors And Generators market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Description:
Where is the largest and fastest growing market for the Autonomous Mining Equipment And Vehicles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Autonomous Mining Equipment And Vehicles market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Autonomous Mining Equipment And Vehicles market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The Autonomous Mining Equipment And Vehicles market section of the report gives context. It compares the Autonomous Mining Equipment And Vehicles market with other segments of the Autonomous Mining Equipment And Vehicles market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, Autonomous Mining Equipment And Vehicles indicators comparison.
Scope
Markets Covered:
1) By Technology: Surface Mining Technique; Underground Mining Technique2) By Equipment: Smart Ventilations System; Autonomous Hauling Truck; Pumping Stations; Autonomous Drilling Rig; Underground LHD Loader; Tunneling Equipment; Other Equipment
3) By Application: Metal Mining; Mineral Mining; Coal Mining; Other Applications
Companies Mentioned: Caterpillar, Hitachi Ltd., Komatsu, Sandvik and Atlas Copco..
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Caterpillar
- Hitachi Ltd
- Komatsu
- Sandvik
- Atlas Copco.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 2.94 Billion |
Forecasted Market Value ( USD | $ 4.09 Billion |
Compound Annual Growth Rate | 8.6% |
Regions Covered | Global |