Global Underground Mining Equipment Market Research Report - Forecast to 2023

Global Underground Mining Equipment Market Research Report - Forecast to 2023

ID: MRFR/E&P/2460-CRR | February, 2017 | Region: Global | 125 pages | Cooked Research Reports

Global Underground Mining Equipment Information by Type of mining method (Longwall Extraction and Room & Pillar Extraction), by Application (Coal mining, Metal mining, and Mineral mining), and Region - Forecast to 2023


Market Scenario
The key drivers for the growth of the underground mining equipment market are increased demand of coal from energy sector, growing demand of metal by manufacturing industries and supportive government policies. On the basis of application, coal mining accounted for the largest market share of 43.44% in 2016. The share is attributed to the increasing demand of coal by energy and power sector, especially from the emerging nations such as Brazil, and India. The countries have shown positive growth indicators in last few years and thus have become major consumers of power and energy due to rapid urbanization and industrialization. Furthermore APAC contributes largely to the overall market share of underground mining equipment market. However, factors such as stringent regulations on the use of coal and unavailability of skilled labor is expected to hamper the growth of the market.
The global underground mining equipment market size is expected to reach USD 30,406.6 million by 2023 and is projected to grow at 7.13% CAGR during the forecast period.


Study Objectives of Global Underground Mining Equipment Market



  • To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the global underground mining equipment market

  • To provide insights about factors affecting the market growth

  • To analyze the global underground mining equipment market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, Latin America and Middle East & Africa

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segment by type of mining method, application and by Region.

  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global underground mining equipment market 


Segmentation

Underground Mining Equipment Market


Regional Analysis of Global Underground Mining Equipment Market
APAC accounts for the largest market in the global underground mining equipment market. Countries like China, India, Australia, Indonesia and others dominate Asian mining sector. The countries are also major global producers of commodities such as gold, diamonds, base metals, coal, among others. The region is not only the major producer but also one of the leading consumers of the metal and minerals. China accounted for the largest market share of 67.67% in the APAC underground mining equipment market in 2016.

Market Size of Underground Mining Equipment, by Regions, 2016 (USD Million)

Underground Mining Equipment Market-



Key Players
The key players of the global underground mining equipment market include- Komatsu Ltd., Caterpillar Inc., Sandvik AB, Volvo AB, Thyssenkrupp AG, Liebherr - International Deutschland GmBh, Hitachi Construction Machinery Co., Ltd., Metso Corporation, FLSmidth Group, Kennametal, Inc., and Boart Longyear Ltd.


Target Audience



  • Manufactures

  • Raw Materials Suppliers

  • Aftermarket supplier

  • Research Institute / Education Institute

  • Potential Investors

  • Key executive (CEO and COO) and strategy growth manager


Product Analysis



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis



  • Geographical analysis across 15 countries


Company Information



  • 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


The report for Global Underground Mining Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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TABLE OF CONTENTS

2.1 Definition 15

2.2 Scope of the Study 15

2.3 Assumptions 15

2.4 Market Structure 16

3.1 Research Process 17

3.2 Primary Research 18

3.3 Secondary Research 18

3.4 Market Size Estimation 18

3.5 Forecast Model 20

4.1 Drivers, Restraints and Trends of Global Underground Mining Equipment Market 21

4.2 Drivers 21

4.2.1 Increased demand of coal from energy sector 21

4.2.2 Growing demand of metal by manufacturing industries 22

4.2.3 Supportive government policies 24

4.2.4 Increasing mining activities in Latin America 24

4.3 Impact Analysis 25

4.4 Restraints 26

4.4.1 Stringent regulations on the use of coal 26

4.4.2 Unavailability of skilled labor 26

4.5 Impact Analysis 26

4.6 Opportunities 27

4.6.1 Integration of mining and energy companies 27

5.1 Value Chain Analysis 28

5.1.1 Raw Material Supply 28

5.1.2 Manufacture 28

5.1.3 End-use 29

5.1.4 After-sales Services 29

5.2 Porter's 5 Forces Analysis 29

5.2.1 Threat of New Entrants 30

5.2.2 Bargaining Power of Suppliers 30

5.2.3 Bargaining Power of Buyers 30

5.2.4 Threat of Substitutes 31

5.2.5 Segment Rivalry 31

6.1 Introduction 33

6.2 Longwall Extraction 33

6.3 Room and Pillar Extraction 33

7.1 Introduction 36

7.2 Coal Mining 36

7.3 Metal Mining 37

7.4 Mineral Mining 37

8.1 Introduction 41

8.2 North America 42

8.2.1 U.S 44

8.2.2 Canada 45

8.3 Europe 47

8.3.1 Germany 49

8.3.2 U.K. 50

8.3.3 France 51

8.3.4 Spain 52

8.3.5 Italy 53

8.3.6 Rest of Europe 54

8.4 APAC 56

8.4.1 China 57

8.4.2 Japan 59

8.4.3 India 60

8.4.4 Australia 61

8.4.5 Rest of APAC 62

8.5 Latin America 64

8.5.1 Brazil 66

8.5.2 Argentina 67

8.5.3 Peru 68

8.5.4 Venezuela 69

8.5.5 Chile 70

8.5.6 Colombia 72

8.5.7 Rest of Latin America 73

8.6 Middle East & Africa 74

8.6.1 UAE 76

8.6.2 Saudi Arabia 77

8.6.3 Kuwait 78

8.6.4 Nigeria 79

8.6.5 Algeria 80

8.6.6 South Africa 81

8.6.7 Rest of Middle East & Africa 82

9.1 Competitive Landscape 84

10.1 Komatsu Ltd. 85

10.1.1 Company Overview 85

10.1.2 Financial Overview 85

10.1.3 Product/Service Offering 86

10.1.4 Strategy 86

10.1.5 SWOT Analysis 87

10.2 Caterpillar Inc. 88

10.2.1 Company Overview 88

10.2.2 Product/Service Offering 88

10.2.3 Financial Overview 90

10.2.4 Strategy 91

10.2.5 SWOT Analysis 91

10.3 Sandvik AB 92

10.3.1 Company Overview 92

10.3.2 Financial Overview 92

10.3.3 Product/Service Offering 93

10.3.4 Strategy 94

10.3.5 SWOT Analysis 95

10.4 Volvo AB 96

10.4.1 Company Overview 96

10.4.2 Financial Overview 96

10.4.3 Product/Service Offering 97

10.4.4 Strategy 99

10.4.5 SWOT Analysis 100

10.5 Thyssenkrupp AG 101

10.5.1 Company Overview 101

10.5.2 Financial Overview 101

10.5.3 Product/Service Offering 102

10.5.4 Strategy 103

10.5.5 SWOT Analysis 103

10.6 Liebherr - International Deutschland GmBh 104

10.6.1 Company Overview 104

10.6.2 Financial Overview 104

10.6.3 Product/Service Offering 105

10.6.4 Strategy 106

10.7 Hitachi Construction Machinery Co., Ltd. 107

10.7.1 Company Overview 107

10.7.2 Financial Overview 107

10.7.3 Product/Service Offering 108

10.7.4 Strategy 109

10.8 Metso Corporation 110

10.8.1 Company Overview 110

10.8.2 Financial Overview 111

10.8.3 Product/Service Offering 112

10.8.4 Strategy 113

10.9 FLSmidth Group 115

10.9.1 Company Overview 115

10.9.2 Financial Overview 115

10.9.3 Product/Service Offering 116

10.9.4 Strategy 117

10.10 CKennametal, Inc. 118

10.10.1 Company Overview 118

10.10.2 Financial Overview 119

10.10.3 Product/Service Offering 120

10.10.4 Strategy 124

10.11 Boart Longyear Ltd. 126

10.11.1 Company Overview 126

10.11.2 Financial Overview 126

10.11.3 Product/Service Offering 127

10.11.4 Strategy 128