Underground Mining Equipment Global Industry Analysis, Comprehensive Research Study, Size, Share, Global Leading Growth Drivers and Market Trends till 2023

The Global Underground Mining Equipment Market is anticipated to garner USD 30,406.6 million with a CAGR of 7.13% during the forecast period (2017-2023)

Pune, India - February 11, 2019 /MarketersMedia/ —

Competitive Dashboard

The prominent players operating the Global Underground Mining Equipment Market are Liebherr - International Deutschland GmBh, Sandvik AB, Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Volvo AB, FLSmidth Group, ThyssenKrupp AG, Boart Longyear Ltd., Metso Corporation, Komatsu Ltd., and Kennametal Inc.

Market Synopsis

The Global Underground Mining Equipment Market is anticipated to garner USD 30,406.6 million with a CAGR of 7.13% during the forecast period (2017-2023) owing to the augmenting demand for coal from the energy sector, asserts Market Research Future (MRFR). Underground mining equipment can be referred to the highly specialized machinery which is utilized in the mining sector. Mining is used to extract valuable rocks, minerals, and other forms of geological materials from inside the earth in the form of seam, vein, lode, reef, orebody, or placer deposits. Such extracted materials form a mineralized package which is further profitable for the miners.

Industry Updates

January 23, 2019: Sandvik has recently acquired Artisan Vehicle Systems, which is a U.S. based battery-powered underground mining equipment. This privately-owned company designs its underground mining trucks and loaders with highly reliable, high powered, and field-proven battery-electric powertrains. The deal has strengthened Sandvik’s expansion into the battery electric vehicle industry.

A Sample of This Report Is Available upon Request @ https://www.marketresearchfuture.com/sample_request/3692

Drivers and Constraints Impacting the Market

The Global Underground Mining Equipment Market is anticipated to experience stellar CAGR during the estimated period owing to several driving factors. With the accelerating demand for coal from the energy sector, supportive policies from the government, and augmenting demand for metal by the manufacturing industries, the global market for underground mining equipment is considered to flourish. Catalyzed by the rising level of disposable income, stable economic growth across developing as well as developed regions, and increasing level of middle-class population, there has been a noticeable increase in the demand for minerals such as gold, iron, coal, copper, aluminum, lead, silver, etc. This has further triggered the demand for underground mining equipment market across the globe. Additionally, the increasing consumption of energy in the form of nuclear fuels and coal due to rapid industrialization and urbanization has created a positive impact on the underground mining equipment during the assessment period. Moreover, underground mining is considered to cause limited harm to the environment when compared to surface mining. This has further benefited the market across the globe.

On the flip side, lack of awareness among the global population coupled with the high price associated with the underground mining equipment is considered some of the major concerns likely to dampen the market growth in the coming years. Moreover, strict government mandates such as safety standards, environmental concerns, import regulations, and emission norms are expected to slow down the market growth.

Global Underground Mining Equipment Market: Segmental Analysis

The Global Underground Mining Equipment Market has been segmented on the basis of the type of mining method and application.

By Type of Mining Method, the global underground mining equipment market has been segmented into room & pillar extraction and longwall extraction.

By Mode of Application, the Global Underground Mining Equipment Market has been segmented into metal mining, coal mining, and mineral mining. Among these, coal mining occupies the largest market share with 43.44% in 2016. The growth is credited to the augmenting demand of coal by the energy and power sector, from the emerging economies such as India and Brazil. The segment for metal and mineral mining is also anticipated to experience a steady growth rate owing to the improving construction industry coupled with the rising production of consumer goods.

Browse The Full Research Report At@ https://www.marketresearchfuture.com/reports/underground-mining-equipment-market-3692

Regional Insights

Geographically, the underground mining equipment market has been studied under regions namely, Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America.

Among all the regions, the Asia Pacific region is considered to occupy the largest market share. Economies such as India, China, Indonesia, Australia, and others are likely to contribute to the market growth in this region. These economies are also major producers of commodities like diamonds, gold, coal, and base metals. The Asia Pacific region, besides being the major producer is also one of the leading consumers of minerals and metal, which highly contributes to the growth of the market.

The North American region is considered to occupy a significant share owing to some ongoing mining activities in the United States. Also, the rising demand for con-conventional and conventional mining is contributing to the market growth in this region.


1 Executive Summary

2 Introduction

2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure

3 Research Methodology

3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics

4.1 Drivers, Restraints and Trends of Global Underground Mining Equipment Market
4.2 Drivers
4.3 Impact Analysis
4.4 Restraints
4.5 Impact Analysis
4.6 Opportunities

5 Market Factor Analysis

5.1 Value Chain Analysis
5.2 Porter's 5 Forces Analysis

Continue …………

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/underground-mining-equipment-market-3692

Source URL: https://marketersmedia.com/underground-mining-equipment-global-industry-analysis-comprehensive-research-study-size-share-global-leading-growth-drivers-and-market-trends-till-2023/481199

Source: MarketersMedia

Release ID: 481199

More Press Releases

Fans visiting 'Stranger Things' sets bring boon to business

Aug 22, 2019

PALMETTO, Ga. — A small-town grocery store in Georgia has grown in popularity and sold more Eggo waffles than ever in recent years, thanks to Netflix's "Stranger Things." Fans of the '80s sci-fi show have sought out filming locations such as the former Bradley's Big Buy grocery store in Palmetto since the show premiered in 2016. The third season has prompted more fans to visit Georgia, benefiting local businesses. According to Netflix, "Stranger Things 3" broke records for the streaming service. Within four days of release, 40.7 million accounts had started watching and 18.2 million had already finished it entirely....

Harvey Weinstein wants to move trial out of NYC

Aug 22, 2019

NEW YORK — A lawyer for Harvey Weinstein has asked that the disgraced movie mogul's upcoming criminal trial be moved out of New York City, saying he can't get a fair trial. In a longshot motion filed with the state appellate court on Friday, attorney Arthur Aidala suggested the trial be moved to upstate Albany County or Suffolk County on Long Island. Aidala cited the intense media coverage and the circuslike atmosphere surrounding Weinstein's past court appearances in Manhattan. The 67-year-old Weinstein is charged with raping a woman in 2013 and performing a forcible sex act on a different woman...

Cowboys' Elliott won't face criminal charge in Vegas scuffle

Aug 22, 2019

LAS VEGAS — Dallas Cowboys star running back Ezekiel Elliott won't face criminal charges after scuffling with a music festival security guard in Las Vegas. Prosecutor Steve Wolfson said Tuesday the findings of a police investigation "lacked prosecutorial merit." The NFL said last month that Elliott didn't violate league personal conduct rules and wouldn't face suspension. Elliott was handcuffed but not arrested after police said he pushed a security guard to the ground at the event last May at Las Vegas Motor Speedway. Cellphone video obtained by celebrity website TMZ showed an event staffer stumbling over a parking barrier after...

Review: In 'Brittany Runs a Marathon,' a breakout for Bell

Aug 22, 2019

Getting in shape and putting your life together usually, at the movies, passes in a montage. But for many, the non-Rocky legions of us, such transformations require more than inspiring theme music and lifting weights in the snow. And for the Brittany (Jillian Bell) of "Brittany Runs a Marathon," that's especially true. Brittany is an aimless and broke 20-something in New York who's startled when her attempt to pry an Adderall prescription from a doctor (Patch Darragh) turns into a recommendation to improve her body mass index. He suggests she changes her hard-drinking lifestyle and lose about 50 pounds. After...

Could we BE any more excited? 'Friends' fans nuts for merch

Aug 22, 2019

NEW YORK — See your "Friends" on the big screen. Deck out your place with "Friends" decor. Wear your "Friends" as jewelry. Heck, buy the "Friends" Lego set and pretend it's for your kid. If you're a "Friends" superfan, there are lots of ways to celebrate the show's 25th anniversary in September. "It transcends generations," Maryellen Zarakas, a Warner Bros. senior vice president, said of the show that ended in 2004 after 10 seasons. "Everybody still goes through growing up into your 20s when you get your first job, your first heartbreak, your first time your friends really become your...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us: sales@reppass.com

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases