Global Modular Mining Systems Market 2024-2028

The modular mining systems market is forecasted to grow by USD 155.4 mn during 2023-2028, accelerating at a CAGR of 7.04% during the forecast period. The report on the modular mining systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for metals and minerals, a rise in the adoption of predictive maintenance solutions in the mining sector, and a focus on sustainable and environmentally responsible practices in modular mining systems market.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.37%
CAGR	7.04%
Incremental Value	$155.4mn

Technavio's modular mining systems market is segmented as below:

By Application

Metal mines
Non-metallic mines

By Type

Open-pit mining systems
Underground mining systems

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the technological advancements in modular mining systems as one of the prime reasons driving the modular mining systems market growth during the next few years. Also, the rise in the adoption of autonomous mining equipment and the rise in the adoption of digital twin and simulation technologies will lead to sizable demand in the market.

The report on the modular mining systems market covers the following areas:

Modular mining systems market sizing
Modular mining systems market forecast
Modular mining systems market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading modular mining systems market vendors that include ABB Ltd., Aspen Technology Inc., Atlas Copco AB, Caterpillar Inc., Dassault Systemes SE, Emerson Electric Co., Hexagon AB, Hitachi Ltd., Komatsu Ltd., Maptek Pty Ltd., Rockwell Automation Inc., Sandvik AB, Schneider Electric SE, Symboticware Inc., Trimble Inc., and Yokogawa Electric Corp.. Also, the modular mining systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76959

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global modular mining systems market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global modular mining systems market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Metal mines - Market size and forecast 2023-2028
Exhibit 34: Chart on Metal mines - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Metal mines - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Metal mines - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Metal mines - Year-over-year growth 2023-2028 (%)
6.4 Non-metallic mines - Market size and forecast 2023-2028
Exhibit 38: Chart on Non-metallic mines - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Non-metallic mines - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Non-metallic mines - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Non-metallic mines - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 44: Chart on Type - Market share 2023-2028 (%)
Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Open-pit mining systems - Market size and forecast 2023-2028
Exhibit 48: Chart on Open-pit mining systems - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Open-pit mining systems - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Open-pit mining systems - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Open-pit mining systems - Year-over-year growth 2023-2028 (%)
7.4 Underground mining systems - Market size and forecast 2023-2028
Exhibit 52: Chart on Underground mining systems - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Underground mining systems - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Underground mining systems - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Underground mining systems - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ million)
Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 87: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 111: ABB Ltd. - Overview
Exhibit 112: ABB Ltd. - Business segments
Exhibit 113: ABB Ltd. - Key offerings
Exhibit 114: ABB Ltd. - Segment focus
12.4 Aspen Technology Inc.
Exhibit 115: Aspen Technology Inc. - Overview
Exhibit 116: Aspen Technology Inc. - Business segments
Exhibit 117: Aspen Technology Inc. - Key offerings
Exhibit 118: Aspen Technology Inc. - Segment focus
12.5 Atlas Copco AB
Exhibit 119: Atlas Copco AB - Overview
Exhibit 120: Atlas Copco AB - Business segments
Exhibit 121: Atlas Copco AB - Key news
Exhibit 122: Atlas Copco AB - Key offerings
Exhibit 123: Atlas Copco AB - Segment focus
12.6 Caterpillar Inc.
Exhibit 124: Caterpillar Inc. - Overview
Exhibit 125: Caterpillar Inc. - Business segments
Exhibit 126: Caterpillar Inc. - Key offerings
Exhibit 127: Caterpillar Inc. - Segment focus
12.7 Dassault Systemes SE
Exhibit 128: Dassault Systemes SE - Overview
Exhibit 129: Dassault Systemes SE - Product / Service
Exhibit 130: Dassault Systemes SE - Key news
Exhibit 131: Dassault Systemes SE - Key offerings
12.8 Emerson Electric Co.
Exhibit 132: Emerson Electric Co. - Overview
Exhibit 133: Emerson Electric Co. - Business segments
Exhibit 134: Emerson Electric Co. - Key news
Exhibit 135: Emerson Electric Co. - Key offerings
Exhibit 136: Emerson Electric Co. - Segment focus
12.9 Hexagon AB
Exhibit 137: Hexagon AB - Overview
Exhibit 138: Hexagon AB - Business segments
Exhibit 139: Hexagon AB - Key news
Exhibit 140: Hexagon AB - Key offerings
Exhibit 141: Hexagon AB - Segment focus
12.10 Hitachi Ltd.
Exhibit 142: Hitachi Ltd. - Overview
Exhibit 143: Hitachi Ltd. - Business segments
Exhibit 144: Hitachi Ltd. - Key news
Exhibit 145: Hitachi Ltd. - Key offerings
Exhibit 146: Hitachi Ltd. - Segment focus
12.11 Komatsu Ltd.
Exhibit 147: Komatsu Ltd. - Overview
Exhibit 148: Komatsu Ltd. - Business segments
Exhibit 149: Komatsu Ltd. - Key news
Exhibit 150: Komatsu Ltd. - Key offerings
Exhibit 151: Komatsu Ltd. - Segment focus
12.12 Maptek Pty Ltd.
Exhibit 152: Maptek Pty Ltd. - Overview
Exhibit 153: Maptek Pty Ltd. - Product / Service
Exhibit 154: Maptek Pty Ltd. - Key offerings
12.13 Rockwell Automation Inc.
Exhibit 155: Rockwell Automation Inc. - Overview
Exhibit 156: Rockwell Automation Inc. - Business segments
Exhibit 157: Rockwell Automation Inc. - Key news
Exhibit 158: Rockwell Automation Inc. - Key offerings
Exhibit 159: Rockwell Automation Inc. - Segment focus
12.14 Sandvik AB
Exhibit 160: Sandvik AB - Overview
Exhibit 161: Sandvik AB - Business segments
Exhibit 162: Sandvik AB - Key news
Exhibit 163: Sandvik AB - Key offerings
Exhibit 164: Sandvik AB - Segment focus
12.15 Schneider Electric SE
Exhibit 165: Schneider Electric SE - Overview
Exhibit 166: Schneider Electric SE - Business segments
Exhibit 167: Schneider Electric SE - Key news
Exhibit 168: Schneider Electric SE - Key offerings
Exhibit 169: Schneider Electric SE - Segment focus
12.16 Symboticware Inc.
Exhibit 170: Symboticware Inc. - Overview
Exhibit 171: Symboticware Inc. - Product / Service
Exhibit 172: Symboticware Inc. - Key offerings
12.17 Trimble Inc.
Exhibit 173: Trimble Inc. - Overview
Exhibit 174: Trimble Inc. - Business segments
Exhibit 175: Trimble Inc. - Key offerings
Exhibit 176: Trimble Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 177: Inclusions checklist
Exhibit 178: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 179: Currency conversion rates for US$
13.4 Research methodology
Exhibit 180: Research methodology
Exhibit 181: Validation techniques employed for market sizing
Exhibit 182: Information sources
13.5 List of abbreviations
Exhibit 183: List of abbreviations