The Global Underground Mining Equipment Market is anticipated to garner USD 30,406.6 million with a CAGR of 7.13% during the forecast period (2017-2023) owing to the augmenting demand for coal from the energy sector, asserts Market Research Future (MRFR). Underground mining equipment can be referred to the highly specialized machinery which is utilized in the mining sector. Mining is used to extract valuable rocks, minerals, and other forms of geological materials from inside the earth in the form of seam, vein, lode, reef, orebody, or placer deposits. Such extracted materials form a mineralized package which is further profitable for the miners.
The prominent players operating the Global Underground Mining Equipment Market are
- Liebherr – International Deutschland GmBh
- Sandvik AB
- Caterpillar Inc.
- Hitachi Construction Machinery Co. Ltd.
- Volvo AB, FLSmidth Group
- ThyssenKrupp AG
- Boart Longyear Ltd.
- Metso Corporation
- Komatsu Ltd.
- Kennametal Inc
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Global Underground Mining Equipment Market: Segmental Analysis
The Global Underground Mining Equipment Market has been segmented on the basis of the type of Mining Method and Application.
By Type of Mining Method
- Room & Pillar Extraction
- Longwall Extraction
By Mode of Application
- Metal Mining
- Coal Mining
- Mineral Mining
Geographically, the underground mining equipment market has been studied under regions namely, Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America.
Among all the regions, the Asia Pacific region is considered to occupy the largest market share. Economies such as India, China, Indonesia, Australia, and others are likely to contribute to the market growth in this region. These economies are also major producers of commodities like diamonds, gold, coal, and base metals. The Asia Pacific region, besides being the major producer is also one of the leading consumers of minerals and metal, which highly contributes to the growth of the market.
The North American region is considered to occupy a significant share owing to some ongoing mining activities in the United States. Also, the rising demand for con-conventional and conventional mining is contributing to the market growth in this region.
- Raw Materials Suppliers
- Aftermarket supplier
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
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TABLE OF CONTENTS
1 Executive Summary
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Underground Mining Equipment Market, by Type of mining method
7 Global Underground Mining Equipment Market, By Application
8 Global Underground Mining Equipment Market, By Region
9 Competitive Scenario
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