Asia Pacific Underground Mining Equipment Market By Application (Coal, Minerals And Metal), By Type (Mining Scalers, Continuous Miners, LHD (Load, Haul And Dump), Underground Trucks, Underground Mining Drills, Personnel Carrier, Scissor Lift, Shotcreter, Transmixers) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

The demand for underground mining equipment market in Asia Pacific is greatly influenced by depleting surface mineral reserves and increasing number of mining activities in countries including China, Australia and India. According to a recent study released by the United Nations Environment Programme (UNEP), China represents the world’s biggest consumer of primary materials including minerals and metal ores. 

By 2013, China had also become the world’s leading producer of over 20 metals and minerals, including aluminum, coal, cement, iron and steel, graphite, gold, lead, magnesium, rare earths, and zinc. For most other mineral commodities, the country ranks amongst the top three producers. The country’s per capita consumption of minerals and metal ores was also over 150% of the world average in 2015, which was a result of mammoth investment in public infrastructure and manufacturing sector. The metal and mineral resources that have fed this growth have come majorly from domestic underground reserves, thereby indicating rise in underground mining activities in the country.  

This market research study includes comprehensive analysis of market drivers and inhibiting factors related to underground mining equipment industry in Asia Pacific. The research report also includes current and future market trends in the Asia Pacific 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, impact analysis and attractive analysis helps market players and trade partners across the value chain to identify key opportunities 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 equipment type and applications and estimates and forecast is provided for each of this segment. The report also includes cross sectional analysis of major counties in the region i.e. China market size by equipment type and application. This study includes market historical market size (2013 & 2014), market estimate (2015) and forecast for the period 2016 – 2023 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 Asia Pacific 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.

The Asia Pacific underground mining equipment market is classified into following categories:

• By Equipment Type
  • Mining scalers
  • Continuous miners
  • LHD (Load, Haul and Dump)
  • Underground trucks
  • Underground mining drills
  • Personnel carrier
  • Scissor lift
  • Shotcreter
  • Transmixers
• By Application
  • Coal
  • Metal
  • Minerals
• By Country
  • China
  • Australia
  • India
  • Indonesia
  • Thailand
  • Vietnam
  • Malaysia
  • Myanmar
  • Philippines
  • Rest of Asia Pacific

The Asia Pacific underground mining equipment market is classified into following countries and regions.

• China
• Australia
• India
• Indonesia
• Thailand
• Vietnam
• Malaysia
• Myanmar
• Philippines
• Rest of Asia Pacific
•  

China represents the largest underground equipment market in Asia Pacific in terms of both revenue and unit shipments. The revenue and volume share of China stood at 61.7% and 61.6% respectively in the base year 2015. Given a long history of excellence in optimizing the mineral resource extraction with state-of-the-art equipment and implementing stringent environmental and safety regulations, Australia finds itself as one of the global leaders in sustainable underground mining. 

For instance, Cadia East Gold Mine, the largest underground mine in Australia has been opened for operation recently (2014). Thus, Australia’s mining sector is well developed with strong adoption of state-of-the-art equipment, large mineral reserves, and skilled personnel. The contribution of India in the Asia Pacific underground mining equipment has been inconsistent in the past few years. This is majorly due to inadequate infrastructure facilities and very low inflow of FDI in the mining sector. As a result, the potential of underground mining in the country is yet to be fully exploited.