Global Underground Mining Equipment Market size is expected to reach USD 30,406.6 million by 2023

Market Scenario

The key drivers for the growth of the Underground Mining Equipment Market are increased demand of coal from energy sector, growing demand of metal by manufacturing industries and supportive government policies. On the basis of application, coal mining accounted for the largest market share of 43.44% in 2016. The share is attributed to the increasing demand of coal by energy and power sector, especially from the emerging nations such as Brazil, and India. The countries have shown positive growth indicators in last few years and thus have become major consumers of power and energy due to rapid urbanization and industrialization. Furthermore APAC contributes largely to the overall market share of underground mining equipment market. However, factors such as stringent regulations on the use of coal and unavailability of skilled labor is expected to hamper the growth of the market.

The Global Underground Mining Equipment Market size is expected to reach USD 30,406.6 million by 2023 and is projected to grow at 7.13% CAGR during the forecast period.

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Key Players

The key players of the global underground mining equipment market include- Komatsu Ltd., Caterpillar Inc., Sandvik AB, Volvo AB, Thyssenkrupp AG, Liebherr – International Deutschland GmBh, Hitachi Construction Machinery Co., Ltd., Metso Corporation, FLSmidth Group, Kennametal, Inc., and Boart Longyear Ltd.

Table of Content

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
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4    Market Dynamics                                    
4.1    Drivers, Restraints And Trends Of Global Underground Mining Equipment Market
4.2    Drivers
4.2.1    Increased Demand Of Coal From Energy Sector
4.2.2    Growing Demand Of Metal By Manufacturing Industries
4.2.3    Supportive Government Policies
4.2.4    Increasing Mining Activities In Latin America

4.3    Impact Analysis
4.4    Restraints
4.4.1    Stringent Regulations On The Use Of Coal
4.4.2    Unavailability Of Skilled Labor
4.5    Impact Analysis
4.6    Opportunities
4.6.1    Integration Of Mining And Energy Companies
5    Market Factor Analysis                 

Continue………….

List of Tables

Table 1    Market Synopsis
Table 2    World Energy Consumption, 1990-2040 (Quadrillion Btu)
Table 3    Global Underground Mining Equipment Market, By Type Of Mining Method, 2015–2023
Table 4    Oecd Coal Consumption By Region, 1980, 2012, 2020, And 2040
Table 5    Non-Oecd Coal Consumption By Region, 1980, 2012, 2020, And 2040

Continue…….

List of Figures

Figure 1    Research Process Of Mrfr
Figure 2    Top Down & Bottom Up Approach
Figure 3    Drivers, Restraints And Trends Of Global Underground Mining Equipment Market
Figure 4    Global Steel Production, 2010-2015 (Million Tonnes)
Figure 5    Total Steel Production, By Region, 2015 (%)
Continue………                                   

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Key questions answered in this report

  • What will the market size be in 2023 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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