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Global Underground Mining Equipment Market 2017-2021

About Underground Mining Equipment

Mining is the process used to extract valuable minerals, rocks, metals, or other geological materials from the earth in the form of vein, seam, reef, lode, orebody, or placer deposits. These extracted materials form a mineralized package, which is profitable for the miner. Ores that are extracted by the process of mining include coal, metals, rock salt, potash, gravel, limestone, oil shale, gemstones, chalk, dimension stone, and clay. Mining is also used to extract non-renewable resources, such as crude oil and natural gas.

Technavio’s analysts forecast the global underground mining equipment market to grow at a CAGR of 4.29% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global underground mining equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Underground Mining Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco
  • Boart Longyear
  • Caterpillar
  • Komatsu
  • Sandvik
Other prominent vendors
  • AARD Mining Equipment
  • CME
  • FURUKAWA
  • Guizhou Sinodrills Equipment
  • Mindrill Systems & Solutions
  • REVATHI EQUIPMENT
  • Rockdrill Services Australia
  • Rockmore International
  • Sulzer
  • TEI Rock Drills
Market driver
  • Stabilization of industrial commodity prices
  • For a full, detailed list, view our report
Market challenge
  • Increasing popularity of rental underground mining equipment
  • For a full, detailed list, view our report
Market trend
  • Integration of IoT in underground mining equipment for remote monitoring
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Underground Mining Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global underground mining equipment market: Atlas Copco, Boart Longyear, Caterpillar, Komatsu, and Sandvik.

Other Prominent Vendors in the market are: AARD Mining Equipment, CME, FURUKAWA, Guizhou Sinodrills Equipment, Mindrill Systems & Solutions, REVATHI EQUIPMENT, Rockdrill Services Australia, Rockmore International, Sulzer, and TEI Rock Drills.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of IoT in underground mining equipment for remote monitoring. The surface mining equipment industry has evolved over the years and will continue to adopt new practices and strategies for improved customer experience. Changes in underground mining equipment are driven by evolving technology, such as performance monitoring and remote monitoring.”

According to the report, one driver in the market is stabilization of industrial commodity prices. Industrial commodity prices are expected to stabilize, helping related industries recover profit margins over the forecast period. According to the World Bank reports, crude oil prices are forecast to reach above the $60/barrel mark in 2018. This price recovery, coupled with concerted efforts of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states will allow crude oil prices to stabilize gradually. This increase in oil prices is expected to increase the prices of energy commodities, such as coal and natural gas. The demand for coal is expected to rise, especially in China, which consumes half of the global coal output.

Further, the report states that one challenge in the market is increasing popularity of rental underground mining equipment. Most underground mining equipment is expensive. This makes it difficult for mining companies to buy new underground mining equipment for mining projects low on budget and short in duration. As a result, the trend of renting underground mining equipment is increasing globally. Mining companies are compelled to reduce the cost of mining projects. They do so by renting underground mining equipment on a weekly or a monthly basis, based on the project requirements. Equipment rental reduces the need for buying a new underground mining equipment and maintaining it for an extended period.

Companies Mentioned

Atlas Copco, Boart Longyear, Caterpillar, Komatsu, and Sandvik, AARD Mining Equipment, CME, FURUKAWA, Guizhou Sinodrills Equipment, Mindrill Systems & Solutions, REVATHI EQUIPMENT, Rockdrill Services Australia, Rockmore International, Sulzer, and TEI Rock Drills.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Current and future market prospects of type of underground mining 2016 and 2021
      • Table Current and future market prospects of geographic regions 2016 and 2021
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global underground mining equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global underground mining equipment market – Market size and forecast 2016-2021 ($ mn)
      • Table Global underground mining equipment market– Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Room and pillar mining
      • Table Room and pillar mining – Market size and forecast 2016-2021 ($ mn)
      • Table Room and pillar mining– Year-over-year growth 2017-2021 (%)
    • Longwall mining– Market size and forecast 2016-2021
      • Table Longwall mining– Market size and forecast 2016-2021 ($ mn)
      • Table Longwall mining – Year over year growth 2017-2021 (%)
    • Borehole mining – Market size and forecast 2016-2021
      • Table Borehole mining – Market size and forecast 2016-2021 ($ mn)
      • Table Borehole mining – Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global underground mining equipment market – Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast 2016-2021
      • Table APAC – Market size and forecast 2016-2021 ($ mn)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Five largest coal mines in APAC
      • Table Growth rate of passenger cars sales in China 2010-2016 (%)
      • Table Electric power consumption (kWh per capita) in China 2008-2014
    • Americas – Market size and forecast 2016-2021
      • Table Americas – Market size and forecast 2016-2021 ($ mn)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Five largest coal mines in Americas
      • Table Electric power consumption (kWh per capita) in Brazil 2008-2014
    • EMEA – Market size and forecast 2016-2021
      • Table EMEA – Market size and forecast 2016-2021 ($ mn)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Prominent mines in EMEA
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Electric car stock 2010-2016 (in thousands)
      • Table Interest rates on housing per annum in US, UK, Japan, Germany, and Australia
      • Table Decreasing unemployment rate in US 2010-2016
    • Market challenges
      • Table Aluminum and copper prices during 2013-2016
  • Market trends
    • Integration of IoT in underground mining equipment for remote monitoring
    • Provisions for eco-efficient mining process
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors
  • Vendor analysis
    • Vendors covered
    • Atlas Copco
    • Boart Longyear
    • Caterpillar
    • Komatsu
    • Sandvik
  • Appendix
    • List of abbreviations
  • Explore Technavio

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