Mine Rescue Vehicle Global Market Report 2024

A mine rescue vehicle is a specialized type designed for underground mining operations, specifically tailored to respond to emergencies and rescue trapped miners. These vehicles are equipped with life support systems, communication tools, and safety gear, making them essential for search and rescue operations in hazardous mine environments.

The primary types of mine rescue vehicles include passenger shuttles or cars, ambulances, and fire and rescue trucks. Passenger shuttles or cars are vehicles originally designed for transporting people between locations and are adapted for use as mine rescue vehicles. They play a crucial role in evacuating miners swiftly from underground mines during emergencies such as fires or gas leaks, ensuring their safe transport to the surface. These vehicles are further categorized by capacities, distinguishing between light and medium-duty mine rescue vehicles and heavy-duty mine rescue vehicles. The latter are commonly used in various mine types, including surface mining and underground mining.

The mine rescue vehicle market research report is one of a series of new reports from The Business Research Company that provides mine rescue vehicle market statistics, including mine rescue vehicle industry global market size, regional shares, competitors with a mine rescue vehicle market share, detailed mine rescue vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the mine rescue vehicle industry. This mine rescue vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mine rescue vehicle market size has grown rapidly in recent years. It will grow from $2.8 billion in 2023 to $3.23 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth observed in the historical period can be attributed to several factors, including the implementation of stringent safety regulations, an increased emphasis on worker safety within the mining industry, a growing awareness of the hazards associated with mining operations, the expansion of the mining industry, collaborative efforts with emergency services, initiatives related to corporate social responsibility, and government support for mine safety. These elements have collectively contributed to the development and enhancement of mine rescue vehicles and related safety measures during the specified period.

The mine rescue vehicle market size is expected to see rapid growth in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The anticipated growth in the forecast period can be attributed to various factors, including ongoing trends in the global mining industry, an increased emphasis on rapid response capabilities for emergencies, integration with advanced communication systems, initiatives focused on training and simulation for mine rescue operations, international collaboration in enhancing mine safety standards, and a heightened awareness of environmental and sustainability concerns within the mining sector. Major trends expected in the forecast period include continuous technological advancements in mine rescue vehicles, a sustained focus on safety enhancements, the adoption of customization and modular design approaches, the development of sustainable and eco-friendly solutions, and ongoing collaboration with emergency services to strengthen overall mine safety protocols.

The rising trajectory of mining and construction activities is poised to be a significant driver for the anticipated growth of the mine rescue vehicle market. Mining, involving the extraction of valuable minerals and resources from the earth, and construction, focusing on the creation of structures and infrastructure through diverse materials and techniques, contribute to an increased demand for mine rescue vehicles. This heightened demand is a result of the potential safety risks and emergencies inherent in mining operations, necessitating specialized vehicles equipped for a swift and effective response to accidents, fires, or other hazardous situations within the mining industry. As an example, in June 2023, the Australian Bureau of Statistics reported a substantial increase in spending on mineral exploration activities, reaching $1,069.9 million, reflecting a notable 19.4% surge compared to the $174.0 million recorded in March 2023. Hence, the growth of the mine rescue vehicle market is anticipated to be propelled by the escalating trends in mining and construction activities.

The rising incidence of mining accidents is anticipated to drive the growth of the mine rescue vehicle market in the future. Mining accidents, characterized as incidents occurring during the extraction of minerals or metals, underscore the essential role of mine rescue vehicles. These vehicles play a crucial role in responding rapidly to emergencies, offering specialized equipment that facilitates the safe evacuation and rescue of miners. For instance, as of October 2023, the Bureau of Labor Statistics, a US-based government agency, reported a 21.8% increase in fatal injuries within the mining and oil and gas extraction industries, escalating from 78 in 2020 to 95 in 2021. Consequently, the upward trend in mining accidents is identified as a primary driver for the growth of the mine rescue vehicle market.

The mine rescue vehicle market is expected to face significant restraint due to the volatility in the mining industry caused by economic instability. Economic cycles in the mining sector are influenced by factors such as commodity prices, global demand, and geopolitical events. During periods of economic downturns or low commodity prices, mining companies may scale back operations, delay new projects, or reduce spending on safety equipment, including mine rescue vehicles. As an example, in April 2023, the International Monetary Fund (IMF) projected a slowdown in global economic expansion, anticipating a decline from 3.4% in 2022 to 2.8% in 2023. Advanced economies are expected to experience a notable deceleration in growth, with a decline from 2.7% in 2022 to 1.3% in 2023. Therefore, the volatility in the mining industry due to economic instability is likely to impede the growth of the mine rescue vehicle market.

Key players in the mine rescue vehicle market are strategically focusing on introducing innovative vehicles to ensure efficient and effective rescue operations in challenging mining environments, aiming to gain a competitive advantage. For instance, in June 2023, Dragerwerk AG & Co. KGaA, a Germany-based manufacturer of medical and safety products, and Hermann Paus Maschinenfabrik GmbH, a Germany-based manufacturer of special-purpose machines and vehicles, jointly launched the MR Fire Truck. This latest mobile mine rescue equipment solution is designed to ensure the safe and reliable transportation of rescue units to incident sites, minimizing response times. The vehicle utilizes the two-axle PAUS MinCa 18A vehicle, which has a proven track record in mine operations and is integrated with Drager's state-of-the-art life support equipment. The MR Fire Truck includes a protected driver's cabin equipped with a breathing apparatus, enabling safe operation in challenging environments, and facilitates the transportation of rescue teams and heavy equipment across hazardous tunnel sections.

In June 2022, Oshkosh Corporation, a specialty trucks and access equipment manufacturer based in the United States, completed the acquisition of Maxi-Metal Inc. for an undisclosed sum. This strategic move is expected to enhance the collaborative efforts and sales and distribution capabilities of Pierce, an Oshkosh brand, within its North American dealer network. The acquisition aims to leverage the strengths of both Pierce and MAXIMETAL, with a particular focus on expanding their presence in the Canadian market. MAXIMETAL, headquartered in Canada, specializes in manufacturing fire rescue trucks and utility products catering to various industries, including mining.

Major companies operating in the mine rescue vehicle market report are Daimler Truck AG, Liebherr-International Deutschland GmbH, Dragerwerk AG & Co. KGaA, REV Group Inc., Rosenbauer International AG, E-ONE, Pierce Manufacturing Inc., Seagrave Fire Apparatus Inc., Ferrara Fire Apparatus Inc., Medix Specialty Vehicles Inc., Wheeled Coach Industries Inc., KME Fire Apparatus, Holmatro Rescue Equipment BV, Marion Body Works Inc., Braun Industries Inc., NPK Construction Equipment Inc., Baseline Group LLC, Demers Ambulance Manufacturer Inc., MineARC Systems, Alexis Fire Equipment Company, Deep South Fire Trucks Inc., Frazer Ltd., MO Great Dane, Frontline Fire & Rescue Equipment Inc., McCoy Miller Ambulance, Midwest Fire Trucks

Asia-Pacific was the largest region in the mine rescue vehicle market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mine rescue vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the mine rescue vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mine rescue vehicle market consists of sales of utility vehicles, remote-controlled and autonomous vehicles, and personnel carriers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Mine Rescue Vehicle Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mine rescue vehicle market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for mine rescue vehicle ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mine rescue vehicle 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.

• 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, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the 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.
• The competitive landscape chapter 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.

Scope

Markets Covered:

• 1) By Vehicle Type: Passenger Shuttle Or Car; Ambulance; Fire And Rescue Truck
• 2) By Capacity: Light And Medium Duty Mine Rescue Vehicles; Heavy Duty Mine Rescue Vehicles
• 3) By Mine Type: Surface Mining; Underground Mining
• Companies Mentioned: Daimler Truck AG; Liebherr-International Deutschland GmbH; Dragerwerk AG & Co. KGaA; REV Group Inc.; Rosenbauer International AG
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• 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, expenditure per capita,
• 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.
• Delivery format: PDF, Word and Excel Data Dashboard.