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Market Research Report

Underground Mining Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published by IMARC Services Private Limited Product code 999644
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Underground Mining Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: April 12, 2021 Content info: 106 Pages
Description

Global Underground Mining Equipment Market Outlook:

  • The global underground mining equipment market reached a value of US$ 24.3 Billion in 2020. Underground mining is the process of extraction of minerals and ores that are buried deep inside the earth's crust. Major types of underground mining techniques that are used include hard and soft mining. With hard underground mining the process of excavation of hard minerals such as lead, copper, nickel, iron, gold and silver is carried out. However, minerals such as potash, coal, oil shale and other minerals are extracted with the help of soft underground mining techniques. Various types of mining equipment are available in the market based on the type of mineral that needs to be extracted. Equipment used for underground mining include overhead loaders, draglines, shovels, haul trucks, front end loaders, gathering-arm loaders, conveyors, etc.
  • Catalyzed by stable economic growth across both developed and developing regions, increasing levels of disposable incomes and a rise in the middle-class population, there has been a strong growth in the demand of various minerals such as iron, gold, copper, coal, lead, aluminum, silver, etc. This has catalyzed a rising demand for underground mining equipment. Moreover, the substantial rise in the consumption of energy in the form of coal and nuclear fuels as a result of increasing urbanization and industrialization is also creating a positive impact on the demand of underground mining equipment. Additionally, underground mining causes minimum harm to the environment as compared to surface mining. With explosions being made underground, no toxic gases are released in the surroundings. Other factors that are currently driving this market include - lack of manual labor and its rising costs, increasing focus on improving the yield and productivity, enhanced use of high-quality equipment in mining, etc. Looking forward, IMARC Group expects the global underground mining equipment market to exhibit moderate growth during the next five years.
  • Market Summary:
  • Based on the type of mining, the market has been segmented as longwalls, and room & pillars. Longwalls currently represents the biggest segment.
  • On the basis of application, coal mining represents the largest segment. Other major segments include metal mining and mineral mining.
  • Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market.
  • The competitive landscape of the market has also been examined with some of the key players being Asea Brown Boveri Ltd., Badger Meter Inc., Emerson Electric Co., Faure Herman SA, General Electric, Honeywell International Inc., Index Corporation, Invensys Process Systems, Rockwell Automation Inc., Siemens AG, Teledyne Isco Inc., Yamatake Co. and Yokogawa Electric Co.
  • This report provides a deep insight into the global underground mining equipments market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the underground mining equipments industry in any manner.

Key Questions Answered in This Report:

  • 1. What was the global underground mining equipment market size in 2020?
  • 2. What is the impact of COVID-19 on the global underground mining equipment market?
  • 3. What are the major global underground mining equipment market drivers?
  • 4. What are the major trends in the global underground mining equipment market?
  • 5. What is the global underground mining equipment market breakup by mining extraction type?
  • 6. What is the global underground mining equipment market breakup by application?
  • 7. What is the global underground mining equipment market breakup by region?
  • 8. Who are the leading players in the global underground mining equipment market?
Table of Contents
Product Code: SR1020B30_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Underground Mining Equipment Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Type of Mining
  • 5.5 Market Breakup by Application
  • 5.6 Market Breakup by Region
  • 5.7 Market Forecast
  • 5.8 SWOT Analysis
    • 5.8.1 Overview
    • 5.8.2 Strengths
    • 5.8.3 Weaknesses
    • 5.8.4 Opportunities
    • 5.8.5 Threats
  • 5.9 Value Chain Analysis
  • 5.10 Porters Five Forces Analysis
    • 5.10.1 Overview
    • 5.10.2 Bargaining Power of Buyers
    • 5.10.3 Bargaining Power of Suppliers
    • 5.10.4 Degree of Competition
    • 5.10.5 Threat of New Entrants
    • 5.10.6 Threat of Substitutes

6 Market Breakup by Type of Mining

  • 6.1 Longwalls
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Room and Pillars
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Coal Mining
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Metal Mining
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Mineral Mining
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Region

  • 8.1 Asia Pacific
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 North America
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Europe
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Middle East and Africa
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Latin America
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Underground Mining Equipment Manufacturing Process

  • 9.1 Product Overview
  • 9.2 Raw Material Requirements
  • 9.3 Manufacturing Process
  • 9.4 Key Success and Risk Factors

10 Competitive Landscape

  • 10.1 Market Structure
  • 10.2 Key Players
  • 10.3 Profiles of Key Players
    • 10.3.1 Asea Brown Boveri Ltd.
    • 10.3.2 Badger Meter Inc.
    • 10.3.3 Emerson Electric Co.
    • 10.3.4 Faure Herman SA
    • 10.3.5 General Electric
    • 10.3.6 Honeywell International Inc.
    • 10.3.7 Index Corporation
    • 10.3.8 Invensys Process Systems
    • 10.3.9 Rockwell Automation Inc.
    • 10.3.10 Siemens AG
    • 10.3.11 Teledyne Isco Inc.
    • 10.3.12 Yamatake Co.
    • 10.3.13 Yokogawa Electric Co.

List of Figures

  • Figure 1: Global: Underground Mining Equipment Market: Major Drivers and Challenges
  • Figure 2: Global: Underground Mining Equipment Market: Sales Value (in Billion US$), 2015-2020
  • Figure 3: Global: Underground Mining Equipment Market: Breakup by Type of Mining (in %), 2020
  • Figure 4: Global: Underground Mining Equipment Market: Breakup by Application (in %), 2020
  • Figure 5: Global: Underground Mining Equipment Market: Breakup by Region (in %), 2020
  • Figure 6: Global: Underground Mining Equipment Market Forecast: Sales Value (in Billion US$), 2021-2026
  • Figure 7: Global: Underground Mining Equipment Industry: SWOT Analysis
  • Figure 8: Global: Underground Mining Equipment Industry: Value Chain Analysis
  • Figure 9: Global: Underground Mining Equipment Industry: Porter's Five Forces Analysis
  • Figure 10: Global: Underground Mining Equipment (Longwalls) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 11: Global: Underground Mining Equipment (Longwalls) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 12: Global: Underground Mining Equipment (Room and Pillars) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 13: Global: Underground Mining Equipment (Room and Pillars) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 14: Global: Underground Mining Equipment (Coal Mining) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 15: Global: Underground Mining Equipment (Coal Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 16: Global: Underground Mining Equipment (Metal Mining) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 17: Global: Underground Mining Equipment (Metal Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 18: Global: Underground Mining Equipment (Mineral Mining) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 19: Global: Underground Mining Equipment (Mineral Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 20: Asia Pacific: Underground Mining Equipment Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 21: Asia Pacific: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 22: North America: Underground Mining Equipment Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 23: North America: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 24: Europe: Underground Mining Equipment Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 25: Europe: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 26: Middle East and Africa: Underground Mining Equipment Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 27: Middle East and Africa: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 28: Latin America: Underground Mining Equipment Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 29: Latin America: Underground Mining Equipment Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 30: Underground Mining Equipment Manufacturing: Detailed Process Flow

List of Tables

  • Table 1: Global: Underground Mining Equipment Market: Key Industry Highlights, 2020 and 2026
  • Table 2: Global: Underground Mining Equipment Market Forecast: Breakup by Type of Mining (in Million US$), 2021-2026
  • Table 3: Global: Underground Mining Equipment Market Forecast: Breakup by Application (in Million US$), 2021-2026
  • Table 4: Global: Underground Mining Equipment Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 5: Underground Mining Equipment: Raw Material Requirements
  • Table 6: Global: Underground Mining Equipment Market: Competitive Structure
  • Table 7: Global: Underground Mining Equipment Market: Key Players
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