Global Underground Mining Equipment (Longwalls & Room and Pillars) Market 2017-2018 & 2023
DUBLIN, Dec. 20, 2018 /PRNewswire/ --
The "Underground Mining Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global underground mining equipment market was worth US$ 21.8 Billion in 2017.
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, the market value is projected to reach US$ 26.7 Billion by 2023, expanding at a CAGR of 3.4% during 2018-2023.
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
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 Market Breakup by Type of Mining Extraction
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.8 Value Chain Analysis
5.9 Porters Five Forces Analysis
5.10 Price Analysis
5.10.1 Price Indicators
5.10.2 Price Structure
5.10.3 Margin Analysis
6 Market Breakup by Type of Mining Extraction
6.1 Longwalls
6.2 Room and Pillars
7 Market Breakup by Application
7.1 Coal Mining
7.2 Metal Mining
7.3 Mineral Mining
8 Market Breakup by Region
8.1 Asia Pacific
8.2 North America
8.3 Europe
8.4 Middle East and Africa
8.5 Latin America
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 Emerson Process Management
10.3.5 Faure Herman SA
10.3.6 General Electric
10.3.7 Hach/Marsh McBirney Inc.
10.3.8 Honeywell International Inc.
10.3.9 Index Corporation
10.3.10 Invensys Process Systems
10.3.11 Rockwell Automation Inc.
10.3.12 Siemens AG
10.3.13 Teledyne Isco Inc.
10.3.14 Yamatake Co.
10.3.15 Yokogawa Electric Co.
For more information about this report visit https://www.researchandmarkets.com/research/3vrtqw/global?w=5
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