Market Research Report
Global Underground Mining Equipment Market 2020-2024
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||344369|
|Published||Content info||100 Pages
Delivery time: 1-2 business days
|Global Underground Mining Equipment Market 2020-2024|
|Published: January 23, 2020||Content info: 100 Pages||
Technavio has been monitoring the global underground mining equipment market and it is poised to grow by USD 8.50 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our reports on global underground mining equipment 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing demand for cobalt owing to increasing adoption of electric vehicles. In addition, increased application of AI, DL, and ML technologies is anticipated to boost the growth of the global underground mining equipment market as well.
Technavio's global underground mining equipment market is segmented as below:
This study identifies increased application of AI, DL, and ML technologies as the prime reasons driving the global underground mining equipment market growth during the next few years.
We provide a detailed analysis of around 25 vendors operating in the global underground mining equipment market, including some of the vendors such as AARD Mining Equipment (Pty) Ltd., Atlas Copco AB, Boart Longyear Ltd., Caterpillar Inc., Guizhou Sinodrills Equipment Co. Ltd., Hitachi Construction Machinery Co. Ltd., Kennametal Inc., Komatsu Ltd., Sandvik AB, and Sulzer Ltd.
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 in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.