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Autonomous Mining Equipment Global Market Report 2022

Published: Pre-Order | The Business Research Company | 175 Pages | Delivery time: 2-10 business days

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Autonomous Mining Equipment Global Market Report 2022
Published: Pre-Order
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
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  • Table of Contents

“Autonomous Mining Equipment Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global autonomous mining equipment market.

This report focuses on autonomous mining equipment market which is experiencing strong growth. The report gives a guide to the autonomous mining equipment market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
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  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
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  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Where is the largest and fastest growing market for the autonomous mining equipment market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Autonomous Mining Equipment market global report” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider autonomous mining equipment market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The autonomous mining equipment market section of the report gives context. It compares the autonomous mining equipment market with other segments of the autonomous mining equipment market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, autonomous mining equipment market indicators comparison.

Scope

Markets Covered:

  • 1) By Type: Autonomous Hauling/Mining Trucks; Autonomous Drilling Rigs; Underground LHD Loaders; Tunneling Equipment; Other Types
  • 2) By Mine: Surface Mines; Underground Mines
  • 3) By Application: Metal; Coal; Other Applications
  • Companies Mentioned: Caterpillar; Komatsu; Rockwell Automation; Hitachi; Sandvik
  • Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the autonomous mining equipment market are: Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, and Atlas Copco.

The global autonomous mining equipment market is expected to grow from $2.44 billion in 2021 to $2.6 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The market is expected to grow to $3.33 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%.

The autonomous mining equipment market consists of sales of autonomous mining equipment that works on wireless communication technologies and electronic tracking (CT) systems. Autonomous equipment involves minimal human intervention and helps in safe and productive mining and transportation of ores and other materials. The market consists of revenue generated by the company's manufacturing autonomous mining equipment by the sales of these products.

The main types of autonomous mining equipment are autonomous hauling/mining trucks, autonomous drilling rigs, underground LHD loaders, tunneling equipment, and other types. Autonomous equipment involves minimal human intervention and helps in safe and productive mining. The mines included are surface mines and underground mines. The various applications involved are metal, coal, and other applications.

Asia-Pacific was the largest region in the autonomous mining equipment market in 2021. Noth America was the second-largest region in the autonomous mining equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rising concerns regarding miners' safety are driving the autonomous mining equipment market. Mining is a dangerous profession with hazards such as fires, flooding, mine collapse, and health risks such as respiratory diseases, hearing loss, musculoskeletal disorders, and heat stress. Introducing autonomous equipment such as robotic loaders, laser sensors, and driverless trucks can help ensure workers' safety. For instance, mining company Rio Tinto is using 73 driverless trucks in four of its iron mines in Australia to improve worker safety. More autonomous mining equipment is employed to minimize human intervention and thereby reduce accidents. Therefore, rising concerns regarding the safety of mine workers are expected to drive this market.

Judgment errors are expected to limit the growth of the autonomous mining equipment market. Incidence of accidents may take place and it often fails to give expected outcomes as they lack flexibility and are unable to handle unanticipated situations. Passive operations fail to take corrective actions in equipment malfunctioning which may result in accidents and losses.

Autonomous mining equipment companies have recently been affected by the COVID-19 outbreak. The global pandemic has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities, thereby, affecting the entire mining industry. Mining companies are resorting to production slowdown, operations shut down, and workforce demobilization, due to which the scale of productivity has dropped. Many mines have already implemented autonomous mining technology, however, practically, the mining activity is not possible without human intervention. Moreover, the continuous lock-down in many areas resulted in supply disruption, reduced sales, and reduced demand for end-user industries, negatively affecting profit margins of autonomous mining equipment companies and limiting the growth of the market.

Implementing data analytics such as artificial intelligence, machine learning, Internet of Things (IoT)-embedded systems, and other analytics in mining systems is a key trend in the autonomous mining equipment market. Artificial intelligence (AI) is helping to transform the mining industry into a safer, more profitable, and more environmentally friendly industry. AI can analyze vast quantities of data to better predict where to find better resources, along with minimizing errors. IoT system advances in mining equipment are making extraction cheaper without deteriorating existing grades. All of these changes are helping the industry improve its efficiency from mine to market.

In June 2019, Komatsu Ltd has agreed to acquire Immersive Corporation which is a global mining technology and workforce optimization firm for an undisclosed amount. Immersive develops, manufactures, and sells mining equipment simulators for training machine operators for surface and underground mines. By integrating Immersive Corporation's solutions, Komatsu will further contribute to improving mining customers' safety and productivity and to optimizing their operations. This acquisition is expected to support both Immersive Technologies and Komatsu in offering unrivaled service and products to their customers.

The countries covered in the autonomous mining equipment market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

Product Code: r1481

Table of Contents

1. Executive Summary

2. Autonomous Mining Equipment Market Characteristics

3. Autonomous Mining Equipment Market Trends And Strategies

4. Impact Of COVID-19 On Autonomous Mining Equipment

5. Autonomous Mining Equipment Market Size And Growth

  • 5.1. Global Autonomous Mining Equipment Historic Market, 2016-2021, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Autonomous Mining Equipment Forecast Market, 2021-2026F, 2031F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Autonomous Mining Equipment Market Segmentation

  • 6.1. Global Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Autonomous Hauling/Mining Trucks
  • Autonomous Drilling Rigs
  • Underground LHD Loaders
  • Tunneling Equipment
  • Other Types
  • 6.2. Global Autonomous Mining Equipment Market, Segmentation By Mine, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Surface Mines
  • Underground Mines
  • 6.3. Global Autonomous Mining Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Metal
  • Coal
  • Other Applications

7. Autonomous Mining Equipment Market Regional And Country Analysis

  • 7.1. Global Autonomous Mining Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 7.2. Global Autonomous Mining Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

8. Asia-Pacific Autonomous Mining Equipment Market

  • 8.1. Asia-Pacific Autonomous Mining Equipment Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

9. China Autonomous Mining Equipment Market

  • 9.1. China Autonomous Mining Equipment Market Overview
  • 9.2. China Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

10. India Autonomous Mining Equipment Market

  • 10.1. India Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

11. Japan Autonomous Mining Equipment Market

  • 11.1. Japan Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

12. Australia Autonomous Mining Equipment Market

  • 12.1. Australia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

13. Indonesia Autonomous Mining Equipment Market

  • 13.1. Indonesia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

14. South Korea Autonomous Mining Equipment Market

  • 14.1. South Korea Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

15. Western Europe Autonomous Mining Equipment Market

  • 15.1. Western Europe Autonomous Mining Equipment Market Overview
  • 15.2. Western Europe Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

16. UK Autonomous Mining Equipment Market

  • 16.1. UK Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

17. Germany Autonomous Mining Equipment Market

  • 17.1. Germany Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

18. France Autonomous Mining Equipment Market

  • 18.3. France Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

19. Eastern Europe Autonomous Mining Equipment Market

  • 19.1. Eastern Europe Autonomous Mining Equipment Market Overview
  • 19.2. Eastern Europe Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

20. Russia Autonomous Mining Equipment Market

  • 20.1. Russia Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

21. North America Autonomous Mining Equipment Market

  • 21.1. North America Autonomous Mining Equipment Market Overview
  • 21.2. North America Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

22. USA Autonomous Mining Equipment Market

  • 22.1. USA Autonomous Mining Equipment Market Overview
  • 22.2. USA Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

23. South America Autonomous Mining Equipment Market

  • 23.1. South America Autonomous Mining Equipment Market Overview
  • 23.2. South America Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

24. Brazil Autonomous Mining Equipment Market

  • 24.1. Brazil Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

25. Middle East Autonomous Mining Equipment Market

  • 25.1. Middle East Autonomous Mining Equipment Market Overview
  • 25.2. Middle East Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

26. Africa Autonomous Mining Equipment Market

  • 26.1. Africa Autonomous Mining Equipment Market Overview
  • 26.2. Africa Autonomous Mining Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

27. Autonomous Mining Equipment Market Competitive Landscape And Company Profiles

  • 27.1. Autonomous Mining Equipment Market Competitive Landscape
  • 27.2. Autonomous Mining Equipment Market Company Profiles
    • 27.2.1. Caterpillar
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Komatsu
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Rockwell Automation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Hitachi
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Sandvik
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Autonomous Mining Equipment Market

29. Autonomous Mining Equipment Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Research Inquiries
  • 30.4. The Business Research Company
  • 30.5. Copyright And Disclaimer