Underground Mining Equipment Market Outlook and Growth Forecasted By 2024

A new market research report on the Global Underground Mining Equipment market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global Underground Mining Equipment market. The Global Underground Mining Equipment analysis is broken down on different segmentation levelsincluding Market By Equipment Type, By Mining Method, By Application.

Global underground mining equipment market size is estimated to be USD XXX Million in 2018 and is expected to reach USD XXX Million by 2024, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period i.e., 2019-2024.

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World mining industry recorded 2018 as a remarkable year. The continuing recovery in commodity prices, fueled by global economic growth, has encouraged the growth of the mining industry, which in turn has also fostered the demand for underground mining equipment in the mining industry. In the past years, the number of operative mines has increased throughout the globe. Further, this increase in the number of active mines is anticipated to escalate the demand for underground mining equipment in the mining sector.

Underground Mining Equipment Market: Segmentation Analysis

The underground mining equipment market is segmented by equipment type, mining method, and application. Based on equipment type, the market is segmented into mining drills & breakers, trucks, LHD loaders, concrete spraying equipment, concrete transport machine, roof bolters, and others, out of which, mining drills & breakers segment is expected to grow at a significant CAGR over the forecast period i.e., 2019-2024. Further, it was followed by the LHD loaders segment in terms of market share in 2018.
By mining method, the market is divided into room and pillar mining, longwall mining, block caving, cut and fill mining, and others, out of which, longwall mining segment is anticipated to register a higher revenue share in the global underground mining equipment market over the forecast period.
Moreover, based on application, the underground mining equipment market is further sub-segmented into coal mining, metal mining, and mineral mining. Among this segment, coal mining segment has acquired lion market share and is projected to grow at a noteworthy CAGR over the upcoming years.

Underground Mining Equipment Market: Geographical Analysis

Geographically, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In underground mining equipment market, Asia Pacific is likely to account for a notable market share by the end of 2024. Further, factor such as increasing need for adopting the latest technology to increase efficiency and mining regulations in the region is anticipated to drive the growth of Asia Pacific underground mining equipment market. Also, Asia Pacific market is driven on the back of rising consumption of metal and minerals owing to the rapid urbanization and is projected to grow at a noteworthy compound annual growth rate (CAGR) from 2019 to 2024.

Underground Mining Equipment Market: Competitive Analysis

The report also covers detailed competitive analysis of major market players of global underground mining equipment market, such as Caterpillar Inc., Komatsu Mining Corp., Sandvik AB, Hitachi Co. Ltd., Boart Longyear, ThyssenKrupp AG, J.H. Fletcher & Co. Inc., Atlas Copco AB, SANY Group, Normet Group Oy and other major & niche players. The global underground mining equipment market is witnessing a wide range of industry activities such as product launch, acquisition, partnership, and expansion across the globe. For instance, on June 17, 2019, Sandvik AB completed the acquisition of Newtrax. This acquisition helped the company to strengthen its areas related to automation and digitalization.

Segmentation

By Equipment Type:
- Mining Drills & Breakers
- Trucks
- LHD Loaders
- Concrete Spraying Equipment
- Concrete Transport Machine
- Roof Bolters
- Others

By Mining Method:
- Room and Pillar Mining
- Longwall Mining
- Block Caving
- Cut and Fill Mining
- Others

By Application:
- Coal Mining
- Metal Mining
- Mineral Mining

By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as;

- Caterpillar Inc.
- Komatsu Mining Corp.
- Sandvik AB
- Hitachi Co. Ltd.
- Boart Longyear
- thyssenkrupp AG
- J.H. Fletcher & Co. Inc.
- Atlas Copco AB
- SANY Group
- Normet Group Oy
- Other Major & Niche Players

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Table of Content

1. Preface
1.1. Research Methodology
1.2. Geographic Scope
1.3. Years Considered

2. Executive Summary

3. Market Overview
3.1. Underground Mining Equipment Overview
3.2. Market Definition & Key Market Segments
3.3. Industry Development
3.4. Global Market Maturity
3.4.1. North America
3.4.2. Europe
3.4.3. Asia Pacific
3.4.4. Latin America
3.4.5. Middle East & Africa
3.5. Porter’s Five Force Analysis
3.6. Industry Value Chain Analysis
3.7. Macro-Economic Trends

4. Competitive Landscape
4.1. Global Underground Mining Equipment Market, 2018
4.2. Global Underground Mining Equipment Market Value Share, By Company 2018

5. Growth Drivers & Barriers in Global Underground Mining Equipment Market
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. Rest of World

6. Trends in Global Underground Mining Equipment Market
6.1. North America
6.2. Europe
6.3. Asia Pacific
6.4. Rest of World

7. Global Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

8. Global Underground Mining Equipment Market Segmentation Analysis, By Equipment Type
8.1. Introduction
8.2. Strategic Insights
8.2.1. Market Attractiveness, By Equipment Type
8.2.2. BPS Analysis, By Equipment Type
8.3. Mining Drills & Breakers Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.4. Trucks Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.5. LHD Loaders Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.6. Concrete Spraying Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.7. Concrete Transport Machine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.8. Roof Bolters Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
8.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

9. Global Underground Mining Equipment Market Segmentation Analysis, By Mining Method
9.1. Introduction
9.2. Strategic Insights
9.2.1. Market Attractiveness, By Mining Method
9.2.2. BPS Analysis, By Mining Method
9.3. Room and Pillar Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.4. Longwall Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.5. Block Caving Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.6. Cut and Fill Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

10. Global Underground Mining Equipment Market Segmentation Analysis, By Application
10.1. Introduction
10.2. Strategic Insights
10.2.1. Market Attractiveness, By Application
10.2.2. BPS Analysis, By Application
10.3. Coal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.4. Metal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.5. Mineral Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11. Geographical Analysis
11.1. Introduction
11.2. North America Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1. By Equipment Type
11.2.1.1. Introduction
11.2.1.2. Strategic Insights
11.2.1.2.1. Market Attractiveness, By Equipment Type
11.2.1.2.2. BPS Analysis, By Equipment Type
11.2.1.3. Mining Drills & Breakers Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.4. Trucks Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.5. LHD Loaders Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.6. Concrete Spraying Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.7. Concrete Transport Machine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.8. Roof Bolters Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2. By Mining Method
11.2.2.1. Introduction
11.2.2.2. Strategic Insights
11.2.2.2.1. Market Attractiveness, By Mining Method
11.2.2.2.2. BPS Analysis, By Mining Method
11.2.2.3. Room and Pillar Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2.4. Longwall Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2.5. Block Caving Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2.6. Cut and Fill Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.2.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.3. By Application
11.2.3.1. Introduction
11.2.3.2. Strategic Insights
11.2.3.2.1. Market Attractiveness, By Application
11.2.3.2.2. BPS Analysis, By Application
11.2.3.3. Coal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.3.4. Metal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.3.5. Mineral Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.4. By Country
11.2.4.1. Introduction
11.2.4.2. Strategic Insights
11.2.4.2.1. Market Attractiveness, By Country
11.2.4.2.2. BPS Analysis, By Country
11.2.4.3. U.S. Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.2.4.4. Canada Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11.3. Europe Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1. By Equipment Type
11.3.1.1. Introduction
11.3.1.2. Strategic Insights
11.3.1.2.1. Market Attractiveness, By Equipment Type
11.3.1.2.2. BPS Analysis, By Equipment Type
11.3.1.3. Mining Drills & Breakers Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.4. Trucks Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.5. LHD Loaders Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.6. Concrete Spraying Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.7. Concrete Transport Machine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.8. Roof Bolters Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2. By Mining Method
11.3.2.1. Introduction
11.3.2.2. Strategic Insights
11.3.2.2.1. Market Attractiveness, By Mining Method
11.3.2.2.2. BPS Analysis, By Mining Method
11.3.2.3. Room and Pillar Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2.4. Longwall Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2.5. Block Caving Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2.6. Cut and Fill Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.2.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3. By Application
11.3.3.1. Introduction
11.3.3.2. Strategic Insights
11.3.3.2.1. Market Attractiveness, By Application
11.3.3.2.2. BPS Analysis, By Application
11.3.3.3. Coal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.4. Metal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.3.5. Mineral Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.4. By Country
11.3.4.1. Introduction
11.3.4.2. Strategic Insights
11.3.4.2.1. Market Attractiveness, By Country
11.3.4.2.2. BPS Analysis, By Country
11.3.4.3. Germany Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.4.4. United Kingdom Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.4.5. France Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.4.6. Italy Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.4.7. Spain Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.4.8. Russia Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.3.4.9. Rest of Europe Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024

11.4. Asia Pacific Underground Mining Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1. By Equipment Type
11.4.1.1. Introduction
11.4.1.2. Strategic Insights
11.4.1.2.1. Market Attractiveness, By Equipment Type
11.4.1.2.2. BPS Analysis, By Equipment Type
11.4.1.3. Mining Drills & Breakers Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.4. Trucks Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.5. LHD Loaders Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.6. Concrete Spraying Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.7. Concrete Transport Machine Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.8. Roof Bolters Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.1.9. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2. By Mining Method
11.4.2.1. Introduction
11.4.2.2. Strategic Insights
11.4.2.2.1. Market Attractiveness, By Mining Method
11.4.2.2.2. BPS Analysis, By Mining Method
11.4.2.3. Room and Pillar Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2.4. Longwall Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2.5. Block Caving Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2.6. Cut and Fill Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.2.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3. By Application
11.4.3.1. Introduction
11.4.3.2. Strategic Insights
11.4.3.2.1. Market Attractiveness, By Application
11.4.3.2.2. BPS Analysis, By Application
11.4.3.3. Coal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.4. Metal Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.3.5. Mineral Mining Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.4.4. By Country
11.4.4.1. Introduction
11.4.4.2. Strategic Insights

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