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Underground Mining Equipment Market Research Report Information by types of mining methods (Room & Pillar Extraction, and Longwall Extraction), by Application (Coal Mining, Metal Mining, and Mineral Mining), and by Region (North America, Europe, Asia Paci

Publisher Market Research Future
Published Sep 10, 2024
Length 128 Pages
SKU # RESFT19234154

Description

Underground Mining Equipment Market Research Report Information by types of mining methods (Room & Pillar Extraction, and Longwall Extraction), by Application (Coal Mining, Metal Mining, and Mineral Mining), and by Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Industry Forecast Till 2032


In 2023, the underground mining equipment market was estimated to be worth USD 30,704.4 million. In the forecast period (2024-2032), the Underground Mining Equipment industry is expected to experience a compound annual growth rate (CAGR) of 4.9%, increasing from USD 30,704.4 Million in 2023 to USD 47,072.7 Million by 2032.

Underground mining equipment is a market that involves the production and application of specialized equipment to extract valuable minerals and resources from beneath the Earth's surface. This market is characterized by the production of a wide range of equipment, including drilling platforms, loaders, and transport vehicles, that are specifically engineered to operate in difficult subterranean environments. The Underground Mining Equipment Market is instrumental in the extraction of minerals, metals, and other essential resources for a variety of industries, with a particular emphasis on improving efficiency, safety, and productivity in mining operations.

The global Underground Mining Equipment Market is primarily driven by a number of important factors that contribute to its sustained growth. The demand for underground mining equipment is being driven by the increasing demand for coal from the energy sector, the growing demand for metal from manufacturing industries, and technological advancements and automation. This demand is being further supported by supportive government policies. Nevertheless, the market is confronted with some obstacles, including stringent regulations on the use of coal, operational challenges, and maintenance issues, which pose a challenge to its growth.

Market Segment Insights
The Underground Mining Equipment Market is divided into two categories: Longwall Extraction and Room & Pillar Extraction, which are based on the type of mining method.
The Underground Mining Equipment Market is divided into three categories based on application: Coal Mining, Metal Mining, and Mineral Mining.

Regional Perspectives
The underground mining equipment market in the Asia Pacific region is experiencing substantial development in countries including China, India, Australia, and Indonesia. The demand for minerals, metals, and coal to sustain these economic activities has stimulated investments in underground mining operations, thereby necessitating the development of sophisticated and efficient mining apparatus.

In 2023, North America held the second greatest market share. In recent years, the North American underground mining equipment market has experienced substantial development and innovation, which has been fueled by the growing demand for advanced and efficient equipment in the mining sector.

Notable developments and adaptations have been observed in the underground mining equipment market of Europe in response to the changing requirements of the mining industry. In an era marked by technological advancements and an increasing emphasis on sustainability, manufacturers in the region are endeavoring to provide state-of-the-art solutions that are specifically designed to address the challenges of subterranean mining operations.

The underground mining equipment market in the Middle East and Africa has experienced substantial development as a result of the increase in mining activities throughout the region. The extensive and diverse mineral deposits of countries in Latin America, including Mexico, Brazil, and Argentina, have made them a focal point for mining investments.

Major Players
Komatsu, Caterpillar, Epiroc, Hitachi Construction Machinery, Liebherr, Sandvik, Volvo AB, Metso Corporation, FLSmidth Group, and Boart Longyear are among the primary participants in the Underground Mining Equipment Market.

Table of Contents

128 Pages
Section I: Executive Summary And Key Highlights
1. Executive’s Handbook
1.1. The Top Performing Segments
1.2. Key Trends Summarized
1.3. Pricing Outlook
1.4. Strategic Insights
1.5. Who Are The Key Players In The Market?
Section Ii: Scoping, Methodology And Market Structure
2. Market Introduction
2.1. Definition
2.2. Report Segmentation & Scope
2.3. Regional & Country Level Coverage
2.4. Why You Need This Report?
3. Research Methodology
3.1. Overview
3.2. Data Flow
3.2.1. Data Mining Process
3.3. Purchased Database:
3.4. Secondary Sources:
3.4.1. Secondary Research Data Flow:
3.5. Primary Research:
3.5.1. Primary Research Data Flow:
3.5.2. Primary Research: Number Of Interviews Conducted
3.5.3. Primary Research: Regional Coverage
3.6. Approaches For Market Size Estimation:
3.6.1. Revenue Analysis Approach
3.7. Data Forecasting
3.7.1. Data Forecasting Technique
3.8. Data Modeling
3.8.1. Microeconomic Factor Analysis:
3.8.2. Data Modeling:
3.9. Teams And Analyst Contribution
Section Iii: Qualitative Analysis
4. Market Dynamics
4.1. Introduction
4.2. Growth Parameters Mapped - Drivers
4.2.1. Increased Demand Of Coal From Energy Sector Is Driving The Market Growth.
4.2.2. Growing Demand Of Metal From Manufacturing Industries And Technological Advancements And Automation.
4.2.3. Supportive Government Policies Are Driving The Growth Of The Market.
4.2.4. Driver Impact Analysis.
4.3. What Are The Challenges Faced By Industry Participants?
4.3.1. Stringent Regulations On The Use Of Coal, Operational Challenges And Maintenance Issues Possess A Challenge For The Market To Growth.
4.3.2. Restraint Impact Analysis.
4.4. Opportunities
4.4.1. Integration Of Mining And Energy Companies And Modernization Of Aging Infrastructure.
5. Market Factor Analysis
5.1. Global Underground Mining Equipment Industry Outlook.
5.2. Supply/Value Chain Analysis
5.2.1. Participants
5.2.2. Value Percolation Across The Chain
5.2.3. Integration Levels
5.2.4. Key Issues Addressed
5.3. Porter’s Five Forces Model
5.3.1. Bargaining Power Of Suppliers
5.3.2. Bargaining Power Of Buyers
5.3.3. Threat Of New Entrants
5.3.4. Threat Of Substitutes
5.3.5. Intensity Of Rivalry
5.4. Impact Of Covid-19 On Global Underground Mining Equipment Market
5.4.1. Economic Impact
5.4.2. Impact On Production
5.4.3. Impact On Supply Chain
5.4.4. Impact On Raw Material
5.4.5. Impact On Cash Flow Constrains
Section Iv: Quantitative Analysis
6. Global Underground Mining Equipment Market, By Types Of Mining Methods
6.1. Introduction
6.2. Room & Piller Extraction
6.3. Longwall Extraction
7. Global Underground Mining Equipment Market, By Application
7.1. Introduction
7.2. Coal Mining
7.3. Metal Mining
7.4. Mineral Mining
8. Global Underground Mining Equipment Market, By Region
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. Russia
8.3.3. Poland
8.3.4. Rest Of Europe
8.4. Asia Pacific
8.4.1. China
8.4.2. Indonesia
8.4.3. India
8.4.4. Australia & New Zealand
8.4.5. Rest Of Asia-pacific
8.5. Middle East & Africa
8.5.1. Gcc Countries
8.5.2. South Africa
8.5.3. Rest Of Mea
8.6. South America
8.6.1. Brazil
8.6.2. Mexico
8.6.3. Argentina
8.6.4. Rest Of South America
Section V: Competitive Analysis
9. Competitive Landscape
9.1. Introduction
9.2. Competition Dashboard
9.3. Company Market Share Analysis, 2023
9.4. Who Are The Market Disruptors & Innovators?
9.5. What Strategies Are Being Adopted By Market Leaders?
9.6. The Leading Player In Terms Of Number Of Developments In The Market
9.7. Competitive Benchmarking
9.8. Public Players Stock Summary
9.9. Comparative Analysis: Key Players Financial
9.10. Key Developments & Growth Strategies
9.10.1. Product Developments
9.10.2. Merger & Acquisition
9.10.3. Expansion
10. Company Profiles
10.1. Komatsu
10.1.1. Company Overview
10.1.2. Financial Overview
10.1.3. Product Offered
10.1.4. Key Developments
10.1.5. Swot Analysis
10.1.6. Key Strategies
10.2. Caterpillar
10.2.1. Company Overview
10.2.2. Financial Overview
10.2.3. Product Offered
10.2.4. Key Developments
10.2.5. Swot Analysis
10.2.6. Key Strategies
10.3. Sandvik
10.3.1. Company Overview
10.3.2. Financial Overview
10.3.3. Product Offered
10.3.4. Key Developments
10.3.5. Swot Analysis
10.3.6. Key Strategies
10.4. Epiroc
10.4.1. Company Overview
10.4.2. Financial Overview
10.4.3. Product Offered
10.4.4. Key Developments
10.4.5. Swot Analysis
10.4.6. Key Strategies
10.5. Hitachi Construction Machinery
10.5.1. Company Overview
10.5.2. Financial Overview
10.5.3. Product Offered
10.5.4. Key Developments
10.5.5. Swot Analysis
10.5.6. Key Strategies
10.6. Liebherr Group
10.6.1. Company Overview
10.6.2. Financial Overview
10.6.3. Product Offered
10.6.4. Key Developments
10.6.5. Swot Analysis
10.6.6. Key Strategies
10.7. Volvo Ab
10.7.1. Company Overview
10.7.2. Financial Overview
10.7.3. Product Offered
10.7.4. Key Developments
10.7.5. Swot Analysis
10.7.6. Key Strategies
10.8. Metso Corporation
10.8.1. Company Overview
10.8.2. Financial Overview
10.8.3. Product Offered
10.8.4. Key Developments
10.8.5. Swot Analysis
10.8.6. Key Strategies
10.9. Flsmidth Group
10.9.1. Company Overview
10.9.2. Financial Overview
10.9.3. Product Offered
10.9.4. Key Developments
10.9.5. Swot Analysis
10.9.6. Key Strategies
10.10. Boart Longyear
10.10.1. Company Overview
10.10.2. Financial Overview
10.10.3. Product Offered
10.10.4. Key Developments
10.10.5. Swot Analysis
10.10.6. Key Strategies
11. Recommendations & Expert Insights
11.1. What Is The Short-term Vs Long-term Outlook For Market?
11.2. Who Are The Players To Look Out For?
11.3. What Will The Product Mix Look In Coming Years?
12. Mrfr Offerings & Team
12.1. Citations & Media
12.2. Our Regional Representatives
12.3. Related Reports
12.4. Our Domain Coverage
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 Global Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 3 Global Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 4 Global Underground Mining Equipment Market, By Region, 2019-2032 (Usd Million)
Table 5 North America: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 6 North America: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 7 North America: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 8 Us: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 9 Us: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 10 Canada: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 11 Canada: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 12 Europe: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 13 Europe: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 14 Europe: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 15 Germany: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 16 Germany: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 17 Russia: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 18 Russia: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 19 Poland: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 20 Poland: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 21 Rest Of Europe: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 22 Rest Of Europe: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 23 Asia-pacific: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 24 Asia-pacific: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 25 Asia-pacific: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 26 China: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 27 China: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 28 India: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 29 India: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 30 Indonesia: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 31 Indonesia: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 32 Australia & New Zealand: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 33 Australia & New Zealand: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 34 Rest Of Asia-pacific: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 35 Rest Of Asia-pacific: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 36 Middle East & Africa: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 37 Middle East & Africa: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 38 Middle East & Africa: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 39 Gcc Countries: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 40 Gcc Countries: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 41 South Africa: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 42 South Africa: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 43 Rest Of Middle East & Africa: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 44 Rest Of Middle East & Africa: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 45 Latin America: Underground Mining Equipment Market, By Country, 2019-2032 (Usd Million)
Table 46 Latin America: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 47 Latin America: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 48 Brazil: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 49 Brazil: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 50 Mexico: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 51 Mexico: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 52 Argentina: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 53 Argentina: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 54 Rest Of Latin America: Underground Mining Equipment Market, By Types Of Mining Methods, 2019-2032 (Usd Million)
Table 55 Rest Of Latin America: Underground Mining Equipment Market, By Application, 2019-2032 (Usd Million)
Table 56 North America: Underground Mining Equipment Market Share Analysis. 2023
Table 57 Europe: Underground Mining Equipment Market Share Analysis. 2023
Table 58 Asia-pacific: Underground Mining Equipment Market Share Analysis. 2023
Table 59 Middle East & Africa: Underground Mining Equipment Market Share Analysis. 2023
Table 60 Latin America: Underground Mining Equipment Market Share Analysis. 2023
Table 61 List Of Key Players By North America
Table 62 List Of Key Players By Europe
Table 63 List Of Key Players By Asia-pacific
Table 64 List Of Key Players By Middle East & Africa
Table 65 List Of Key Players By Latin America
Table 66 Product Launch And Developments
Table 67 Expansion
Table 68 Partnership
Table 69 Merger And Acquisition
Table 70 Announcements
Table 71 Komatsu: Products Offered
Table 72 Komatsu: Key Developments
Table 73 Caterpillar: Products Offered
Table 74 Caterpillar: Key Developments
Table 75 Sandvik: Products Offered
Table 76 Sandvik: Key Developments
Table 77 Epiroc: Products Offered
Table 78 Epiroc: Key Developments
Table 79 Hitachi Construction Machinery: Products Offered
Table 80 Hitachi Construction Machinery: Key Developments
Table 81 Liebherr Group: Products Offered
Table 82 Liebherr Group: Key Developments
Table 83 Volvo Ab: Products Offered
Table 84 Volvo Ab: Key Developments
Table 85 Metso Corporation: Products Offered
Table 86 Metso Corporation.: Key Developments
Table 87 Flsmidth Group: Products Offered
Table 88 Flsmidth Group: Key Developments
Table 89 Boart Longyear: Products Offered
Table 90 Boart Longyear: Key Developments
List Of Figures
Figure 1 Global Underground Mining Equipment Market: Structure
Figure 2 Market Dynamics: Global Underground Mining Equipment Market
Figure 3 Driver Impact Analysis: Global Underground Mining Equipment Market
Figure 4 Restraint Impact Analysis: Global Underground Mining Equipment Market
Figure 5 Supply Chain Analysis: Global Underground Mining Equipment Market
Figure 6 Porter’s Five Forces Analysis: Global Underground Mining Equipment Market
Figure 7 Global Underground Mining Equipment Market, By Types Of Mining Methods, 2023 (% Share)
Figure 8 Global Underground Mining Equipment Market, By Application, 2023 (% Share)
Figure 9 Global Underground Mining Equipment Market, By Region, 2023 (% Share)
Figure 10 Global Underground Mining Equipment Players: Competitive Analsis, 2023
Figure 11 Competitor Dashboard: Global Underground Mining Equipment Market
Figure 12 Komatsu: Financial Overview Snapshot
Figure 13 Komatsu: Swot Analysis
Figure 14 Caterpillar: Financial Overview Snapshot
Figure 15 Caterpillar.: Swot Analysis
Figure 16 Sandvik: Financial Overview Snapshot
Figure 17 Sandvik: Swot Analysis
Figure 18 Epiroc: Financial Overview Snapshot
Figure 19 Epiroc: Swot Analysis
Figure 20 Hitachi Construction Machinery: Financial Overview Snapshot
Figure 21 Hitachi Construction Machinery: Swot Analysis
Figure 22 Liebherr Group: Financial Overview Snapshot
Figure 23 Liebherr Group: Swot Analysis
Figure 24 Volvo Ab: Financial Overview Snapshot
Figure 25 Volvo Ab: Swot Analysis
Figure 26 Metso Corporation: Financial Overview Snapshot
Figure 27 Metso Corporation: Swot Analysis
Figure 28 Flsmidth Group: Financial Overview Snapshot
Figure 29 Flsmidth Group: Swot Analysis
Figure 30 Boart Longyear: Financial Overview Snapshot
Figure 31 Boart Longyear: Swot Analysis

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