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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
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)
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.
Table of Contents
1 Executive Summary 13
2 Introduction 15
2.1 Definition 15
2.2 Scope of the Study 15
2.3 Assumptions 15
2.4 Market Structure 16
3 Research Methodology 17
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 Market Dynamics 21
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 Market Factor Analysis 28
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 Global Underground Mining Equipment Market, by Type of mining method 32
6.1 Introduction 33
6.2 Longwall Extraction 33
6.3 Room and Pillar Extraction 33
7 Global Underground Mining Equipment Market, By Application 35
7.1 Introduction 36
7.2 Coal Mining 36
7.3 Metal Mining 37
7.4 Mineral Mining 37
8 Global Underground Mining Equipment Market, By Region 40
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 Competitive Scenario 84
9.1 Competitive Landscape 84
10 Company Profiles 85
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
List of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 WORLD ENERGY CONSUMPTION, 1990-2040 (QUADRILLION BTU) 22
TABLE 3 GLOBAL UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 33
TABLE 4 OECD COAL CONSUMPTION BY REGION, 1980, 2012, 2020, AND 2040 (QUADRILLION BTU) 36
TABLE 5 NON-OECD COAL CONSUMPTION BY REGION, 1980, 2012, 2020, AND 2040 (QUADRILLION BTU) 36
TABLE 6 GLOBAL UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2014–2023 (USD MILLION) 39
TABLE 7 GLOBAL UNDERGROUND MINING EQUIPMENT MARKET, BY REGION, 2014–2023 (USD MILLION) 42
TABLE 8 NORTH AMERICA: MINERAL PRODUCTION, 2015 (METRIC TONNES) 42
TABLE 9 NORTH AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY COUNTRY, 2014–2023 (USD MILLION) 43
TABLE 10 NORTH AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2014–2023 (USD MILLION) 43
TABLE 11 NORTH AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 44
TABLE 12 U.S.: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 44
TABLE 13 U.S.: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2014–2023 (USD MILLION) 45
TABLE 14 CANADA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 46
TABLE 15 CANADA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 46
TABLE 16 EUROPE: MINERAL PRODUCTION, 2015 (METRIC TONNES) 47
TABLE 17 EUROPE: UNDERGROUND MINING EQUIPMENT MARKET, BY COUNTRY, 2014–2023 (USD MILLION) 47
TABLE 18 EUROPE: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 48
TABLE 19 EUROPE: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 48
TABLE 20 GERMANY: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 49
TABLE 21 GERMANY: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2014–2023 (USD MILLION) 49
TABLE 22 U.K.: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 50
TABLE 23 U.K.: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 51
TABLE 24 FRANCE: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 51
TABLE 25 FRANCE: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 52
TABLE 26 SPAIN: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 52
TABLE 27 SPAIN: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 53
TABLE 28 ITALY: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 53
TABLE 29 ITALY: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 54
TABLE 30 REST OF EUROPE: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 54
TABLE 31 REST OF EUROPE: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 55
TABLE 32 APAC: MINERAL PRODUCTION, 2015 (METRIC TONNES) 56
TABLE 33 APAC: UNDERGROUND MINING EQUIPMENT MARKET, BY COUNTRY, 2015–2023 (USD MILLION) 56
TABLE 34 APAC: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 57
TABLE 35 APAC: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 57
TABLE 36 CHINA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 58
TABLE 37 CHINA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 58
TABLE 38 JAPAN: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING, 2015–2023 (USD MILLION) 59
TABLE 39 JAPAN: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD BILLION) 59
TABLE 40 INDIA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 60
TABLE 41 INDIA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 60
TABLE 42 AUSTRALIA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 61
TABLE 43 AUSTRALIA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 62
TABLE 44 REST OF APAC: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 62
TABLE 45 REST OF APAC: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 63
TABLE 46 LATIN AMERICA: MINERAL PRODUCTION, 2015 (METRIC TONNES) 64
TABLE 47 LATIN AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY COUNTRY, 2015–2023 (USD MILLION) 64
TABLE 48 LATIN AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 65
TABLE 49 LATIN AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 65
TABLE 50 BRAZIL: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHODS, 2015–2023 (USD MILLION) 66
TABLE 51 BRAZIL: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 66
TABLE 52 ARGENTINA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 67
TABLE 53 ARGENTINA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 67
TABLE 54 PERU: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 68
TABLE 55 PERU: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 69
TABLE 56 VENEZUELA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 69
TABLE 57 VENEZUELA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 70
TABLE 58 CHILE: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 71
TABLE 59 CHILE: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 71
TABLE 60 COLOMBIA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 72
TABLE 61 COLOMBIA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 72
TABLE 62 REST OF LATIN AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 73
TABLE 63 REST OF LATIN AMERICA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 73
TABLE 64 MIDDLE EAST & AFRICA: MINERAL PRODUCTION, 2015 (METRIC TONNES) 74
TABLE 65 MIDDLE EAST & AFRICA: UNDERGROUND MINING EQUIPMENT MARKET, BY COUNTRY, 2015–2023 (USD MILLION) 74
TABLE 66 MIDDLE EAST & AFRICA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 75
TABLE 67 MIDDLE EAST & AFRICA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 75
TABLE 68 UAE: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 76
TABLE 69 UAE: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 76
TABLE 70 SAUDI ARABIA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 77
TABLE 71 SAUDI ARABIA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 77
TABLE 72 KUWAIT: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 78
TABLE 73 KUWAIT: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 78
TABLE 74 NIGERIA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 79
TABLE 75 NIGERIA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 80
TABLE 76 ALGERIA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 80
TABLE 77 ALGERIA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 81
TABLE 78 SOUTH AFRICA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 81
TABLE 79 SOUTH AFRICA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 82
TABLE 80 REST OF MIDDLE EAST & AFRICA: UNDERGROUND MINING EQUIPMENT MARKET, BY TYPE OF MINING METHOD, 2015–2023 (USD MILLION) 82
TABLE 81 REST OF MIDDLE EAST & AFRICA: UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 83
TABLE 82 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL UNDERGROUND MINING EQUIPMENT MARKET, 2014-2016 (%) 84
List of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR 17
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 19
FIGURE 3 DRIVERS, RESTRAINTS AND TRENDS OF GLOBAL UNDERGROUND MINING EQUIPMENT MARKET 21
FIGURE 4 GLOBAL STEEL PRODUCTION, 2010-2015 (MILLION TONNES) 23
FIGURE 5 TOTAL STEEL PRODUCTION, BY REGION, 2015 (%) 23
FIGURE 6 LATIN AMERICA: MINERALS PRODUCTION, BY REGION, 2010-2015 (METRIC TONNES) 25
FIGURE 7 GROWTH DRIVERS: IMPACT ANALYSIS 25
FIGURE 8 GROWTH BARRIERS: IMPACT ANALYSIS 26
FIGURE 9 VALUE CHAIN ANALYSIS OF GLOBAL UNDERGROUND MINING EQUIPMENT MARKET 28
FIGURE 10 PORTER'S 5 FORCES ANALYSIS OF GLOBAL UNDERGROUND MINING EQUIPMENT MARKET 29
FIGURE 11 GLOBAL UNDERGROUND MINING EQUIPMENT MARKET SIZE, BY TYPE OF MINING METHOD, 2015-2023 (USD MILLION) 34
FIGURE 12 GLOBAL STEEL PRODUCTION, 2010-2015 (MILLION TONNES) 37
FIGURE 13 MINERAL PRODUCTION, BY COUNTRIES, 2015 (METR.T) 38
FIGURE 14 GLOBAL UNDERGROUND MINING EQUIPMENT MARKET, BY APPLICATION, 2016 VS 2023 (USD MILLION) 38
FIGURE 15 GLOBAL UNDERGROUND MINING EQUIPMENT MARKET, BY REGION, 2016 VS 2023 (USD MILLION) 41
FIGURE 16 KOMATSU LTD.: NET SALES VS SEGMENTAL SALES, 2013-2015 (USD BILLION) 85
FIGURE 17 KOMATSU LTD.: GEOGHRAPHICAL REVENUE MIX, 2015 (%) 86
FIGURE 18 KOMATSU LTD.: KEY DEVELOPMENTS, 2014-2016 (%) 87
FIGURE 19 CATERPILLAR INC.: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION) 90
FIGURE 20 CATERPILLAR INC. (RESOURCE INDUSTRIES): GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 90
FIGURE 21 CATERPILLAR INC.: KEY DEVEOLOPMENT, 2014-2016 (IN %) 91
FIGURE 22 SANDVIK AB: NET SALES VS SEGMENTAL SALES, 2014-2016 (USD MILLION) 92
FIGURE 23 SANDVIK AB (SANDVIK MINING AND ROCK TECHNOLOGY): GEOGRAPHICAL REVENUE MIX, 2016 (%) 93
FIGURE 24 SANDVIK AB: KEY DEVELOPMENTS, 2014-2016 (%) 94
FIGURE 25 VOLVO AB: NET SALES VS SEGMENTAL SALES, 2014-2016 (USD MILLION) 96
FIGURE 26 VOLVO AB: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 97
FIGURE 27 VOLVO AB: KEY DEVELOPMENTS, 2014-2016 (%) 99
FIGURE 28 THYSSENKRUPP AG: NET SALES VS SEGMENTAL SALES, 2014-2016 (USD MILLION) 101
FIGURE 29 THYSSENKRUPP AG: GEOGRAPHICAL REVENUE MIX, 2016 (%) 102
FIGURE 30 LIEBHERR: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION) 104
FIGURE 31 LIEBHERR (MINING): GEOGRAPHICAL REVENUE MIX, 2016 (%) 105
FIGURE 32 LIEBHERR: KEY DEVELOPMENTS, 2014-2017 (%) 106
FIGURE 33 HITACHI CONSTRUCTION MACHINERY: NET SALES VS SEGMENTAL SALES, 2014-2016 (USD MILLION) 107
FIGURE 34 HITACHI CONSTRUCTION MACHINERY: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 108
FIGURE 35 HITACHI CONSTRUCTION MACHINERY: KEY DEVELOPMENTS, 2014-2016 (%) 109
FIGURE 36 METSO COROPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION) 111
FIGURE 37 METSO COROPORATION: GEOGRAPHICAL REVENUE MIX, 2016 (%) 111
FIGURE 38 METSO COROPORATION: KEY DEVELOPMENTS, 2014-2017 (%) 114
FIGURE 39 FLSMIDTH GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE, 2014-2016 (USD MILLION) 115
FIGURE 40 FLSMIDTH GROUP: GEOGRAPHICAL REVENUE MIX, 2016 (%) 116
FIGURE 41 FLSMIDTH GROUP: KEY DEVELOPMENTS, 2014-2017 (%) 117
FIGURE 42 KENNAMETAL INC.: NET SALES VS SEGMENTAL SALES, 2014-2016 (USD MILLION) 119
FIGURE 43 KENNAMETAL INC.: GEOGRAPHICAL REVENUE MIX, 2016 (%) 119
FIGURE 44 KENNAMETAL INC.: KEY DEVELOPMENTS, 2014-2017 (%) 125
FIGURE 45 BOART LONGYEAR: NET SALES VS SEGMENTAL SALES, 2014-2016 (USD MILLION) 126
FIGURE 46 BOART LONGYEAR: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 127
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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
Segmentation
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)
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
Product Analysis
Additional Information
Geographic Analysis
Company Information
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.