Underground Mining Equipment Market By Application (Coal Mining, Metal Mining and Minerals Mining), By Mining Method (Longwall Extraction and Room and Pillar Extraction) - Growth, Share, Opportunities & Competitive Analysis, 2018 - 2026

Rising urbanization in major countries across the world and growing industrialization particularly in emerging economies is increasing the demand for metal and minerals. Increasing mining activities and improving economic conditions across the world are motivating miners to invest in advanced underground mining equipment to improve their productivity. In addition, stringent fuel consumption, greenhouse gas effects and labor safety regulations are forcing miners to replace their conventional machineries with advanced energy-efficient solutions. All the above factors represent a positive outlook for trade partners across the value of underground mining machinery industry.  

This market research study includes comprehensive analysis of market influencing and inhibiting factors related to underground mining equipment industry. The research report also includes current and future market trends in the global as well as regional underground mining equipment market. The report also includes exhaustive information of technology development, pricing and demand-supply trends related to underground mining equipment. The report also covers high-level analysis included in the report such as industry competitive assessment, value chain analysis, PESTEL analysis and attractive analysis helps market players and trade partners across the value chain to identify key potential area in the industry and formulate their strategies.

Moreover, the study include provides market estimates and forecast of different type of underground mining equipment and its market size in terms of both volume (number of units sold) and revenue (US$ Bn). The underground equipment market is classified into its applications and mining methods and estimates and forecast is provided for each of this segment. The report also includes cross-sectional analysis on the regional basis i.e. regional market size by mining methods and application.

This study includes market historical market size (2016 & 2017), market estimate (2015) and forecast for the period 2018 – 2026 in terms of volume and revenue. The report also includes market estimates and forecast of underground mining equipment market for major countries.

The report includes profiles of major players in the global underground mining equipment industry. Company profiles include detailed information about business strategies, product portfolio, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about market competition and positioning of key market players along with their market winning strategies.

We have classified underground mining equipment market into the following applications:

• Coal Mining
• Metal Mining
• Mineral Mining

Coal mining is the largest application segment for underground mining equipment. Coal mining equipment accounted for around 40% of the market in the overall coal mining equipment by application. Coal plays major role in the energy production and accounted for 30% of the global energy demand in 2015. 

The demand for coal and coal energy is growing rapidly particularly in emerging economies with growing urbanization. In addition, coal is also used as energy source in several manufacturing plants. Increasing consumption of Aluminum, copper, gold and other commodities is also expected to increase metal mining activities across the world. This represents a positive outlook for underground mining equipment used in metal mining applications. Rising production of motor vehicles and beverages packed in cans is increasing the demand for aluminium. In addition, rising demand for rare earth minerals is also expected to spurt the demand for underground mining equipment globally.

The global underground mining equipment market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the underground mining equipment market is further classified into the Middle East and Africa (MEA) and Latin America.

Regional Analysis

In addition, we have covered major countries in each regional market

Asia Pacific is accounted for the largest revenue share in the global underground mining equipment market. Growing mining activities particularly in India, Australia and China is increasing the deployment of underground mining machineries and equipment in these countries. Europe and North America are matured market for underground mining equipment and expected to witness steady demand from the replacement market with stringent energy consumption and labor safety regulations in these regions. Significant demand for underground equipment is expected from the Middle East, Africa and Latin America with increasing mining activities in these regions.   

The global underground mining equipment market is classified into the following categories:

• By Mining Method
  • Longwall Extraction
  • Room and Pillar Extraction
• By Application
  • Coal
  • Metal
  • Minerals
• By Region
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australasia
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa