Description:-
Underground mining is one of the processes used to access ores and valuable minerals in the grounds. The objective of underground mining is to extract ore from underground, safely and while producing little waste. The demand underground mining equipment is growing due to factors such as the rise in demand for coal, metal and minerals and the population growth. Improving living standard and disposable income are increasing the demand. Also, the improving construction industry is expected to increase the demand for mining equipment.
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Manufacturers, to meet new safety standards with high levels of efficiency, have given priority to technological advancement in underground mining equipment. The growing mining activities in emerging countries and demand for coal for power generation have gained importance in underground mining equipment market.
With rapid urbanization and industrialization across the globe, increased demand for power generation has led to an increased demand for coal, which plays an important role in energy production.Additionally, metal steels are used across industries, which include construction, transportation, manufacturing, and a variety of consumer products. Increased disposable income has boomed the market for manufactured consumer goods. These factors together play a significant role in increasing mining activities for coal, metals and minerals. This has a positive impact on the equipment used in mining and has ultimately led to increased demand for the same.
Key Players
Komatsu Ltd (Japan), Caterpillar Inc. (U.S.), Sandvik AB (Sweden), Volvo AB (Sweden), Hitachi Construction Machinery Co. Ltd. (Japan), Boart Longyear Ltd. (U.S.), Flsmidth Group (Denmark), Kennametal, Inc. (U.S.), Liebherr – International Deutschland Gmbh (Switzerland), Metso Corporation (Finland), ThyssenKrupp AG (Germany) and others.
Objective of Global Underground Mining Equipment Market Analysis & Forecast, 2017 – 2023
• To provide detailed analysis of the market structure along with the forecast period of the various segments and sub-segments included in global underground mining equipment market with analysis of its development and demand in the market
• To identify high growth geographies and countries
• To study regional and country-specific demand and forecast for global underground mining equipment
• To cover the key segments of: Type of mining method, Application and region
• To finalize the unit breakdown for all different classification; and refer to them for forecasting, keeping few assumptions into factor
• To identify the forecast demand, for all the regions, applications and the historical figure; To collect the data through primary and annual reports, which were triangulated to derive the regional market size
• To identify the historical trend to forecast and estimate the future value data
Target Audience
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
Continued……
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Table Of Contents – Major Key Points
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers, Restraints and Trends of Global Underground Mining Equipment Market
4.2 Drivers
4.2.1 Increased demand of coal from energy sector
4.2.2 Growing demand of metal by manufacturing industries
4.2.3 Supportive government policies
4.2.4 Increasing mining activities in Latin America
4.3 Impact Analysis
4.4 Restraints
4.4.1 Stringent regulations on the use of coal
4.4.2 Unavailability of skilled labor
4.5 Impact Analysis
4.6 Opportunities
4.6.1 Integration of mining and energy companies
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Raw Material Supply
5.1.2 Manufacture
5.1.3 End-use
5.1.4 After-sales Services
5.2 Porter’s 5 Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Suppliers
5.2.3 Bargaining Power of Buyers
5.2.4 Threat of Substitutes
5.2.5 Segment Rivalry
6 Global Underground Mining Equipment Market, by Type of mining method
6.1 Introduction
6.2 Longwall Extraction
6.3 Room and Pillar Extraction
7 Global Underground Mining Equipment Market, By Application
7.1 Introduction
7.2 Coal Mining
7.3 Metal Mining
7.4 Mineral Mining
Continued……
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