Automated Mining Equipment Market size was valued at USD 232.89 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 12.7% through 2024 to 2030, reaching nearly USD 537.80 Bn.Automated Mining Equipment Market Overview:
Automated mining equipment is known to reduce the amount of human labour required in the mining process. The mining industry is undergoing a transformation that is leading to the embrace of automation. It necessitates a massive amount of human capital, particularly in the developing world, where labour prices are lower and so there is less incentive for rising power.To know about the Research Methodology :- Request Free Sample ReportAutomated Mining Equipment Market Dynamics:
The major factors that drive the growth of the global market are an increase in the demand for employee safety, the rise in demand for increased productivity, concerns about lowering operational costs are becoming more common. The decline in natural resources, on the other hand, is expected to hinder the automated mining equipment market's growth during the forecast period. Furthermore, lower operating costs will create further opportunities for the automated mining equipment market to grow in the forecast period. The rise in automation costs, on the other hand, may pose a significant hindrance to the automated mining equipment market's growth in the forecast period.Automated Mining Equipment Market Segment Analysis:
Based on the Technique, the market is segmented into surface mining techniques and underground mining techniques. The surface mining technique segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Surface mining techniques will all remove the waste material, or overburden, that is above the desired resource. For a variety of reasons, mining corporations prefer surface mining versus subsurface (underground) mining. It is less expensive, there are fewer electrical and water difficulties, and it is safer. When compared to underground mining, surface mining has both advantages and disadvantages. It is cheaper, can recover more of the resource (typically up to 100% within the mining excavation), is safer, and can use larger-scale mining equipment with higher production rates. These are the benefits that drive the growth of the surface mining technique segment in the global market in the forecast period. Based on the Type, the market is segmented into equipment, software, and communication system. The equipment segment is expected to hold the largest market share of xx% by 2030. During the forecast period, rising demand for coal, iron ore, chromium, and diamonds in emerging economies is expected to drive growth opportunities for surface mining equipment. As this equipment has become more widely used, it has allowed for more selective mining operations, such as the exploration of high-quality resources and the construction of embankments and stable surfaces. However, increased demand for underground high-capacity trucks has resulted from the need to maximize the efficiency of decline truck haulage while maintaining its competitiveness with shaft haulage. Moreover, open-pit miners are unable to locate economically viable deposits. As a result of this circumstance, underground mining has grown in popularity as a means of extending mine life and generating demand for underground mining equipment. These are the factors that drive the growth of the equipment segment in the global market in the forecast period.Automated Mining Equipment Market Regional Insights:
The Asia Pacific dominates the Global Market during the forecast period 2024-2030. The Asia Pacific is expected to hold the largest market share of xx% by 2030. Due to constant investments and growing infrastructure projects, India, followed by Australia, accounted for a large share of overall revenue. India presents a number of opportunities for mining industries, with significant potential for bauxite, iron ore, and coal exploration. Moreover, the government's ongoing support for the development of mining and exploration has created several chances for equipment manufacturers to improve their products. For example, the Indian government has approved 100 percent foreign direct investment in this sector for the discovery of metal and non-metal ores. Furthermore, the Ministry of Steel plans to more than double steel manufacturing capacity to 300 million tons. Such steps and support are expected to encourage mining equipment manufacturers to set up a base in the country, increasing the mining equipment industry's growth. These are the key factors that drive the growth in the Asia Pacific in the global market in the forecast period. The objective of the report is to present a comprehensive analysis of the Global Automated Mining Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Global Automated Mining Equipment Market dynamic, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automated Mining Equipment Market make the report investor’s guide.Automated Mining Equipment Market Scope: Inquire before buying
Automated Mining Equipment Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 232.89 Bn. Forecast Period 2024 to 2030 CAGR: 12.7% Market Size in 2030: USD 537.80 Bn. Segments Covered: by Technique Surface mining technique Underground mining technique by Type Equipment Software Communication Systems by Workflow Mine development Mining process Mine maintenance Automated Mining Equipment Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Automated Mining Equipment Market, Key Players
1. Atlas Copco AB 2. Caterpillar, Inc. 3. Komatsu Ltd. 4. Sandvik AB 5. Rockwell Automation Inc. 6. Trimble Inc. 7. Autonomous Solutions Inc. 8. ABB Ltd 9. Hexagon AB 10. Hitachi Ltd. 11. AB Volvo 12. Siemens AG 13. RPM Global 14. Fluidmesh Networks 15. Symbioticware 16. OthersFrequently Asked Questions:
1. Which region has the largest share in Global Automated Mining Equipment Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Automated Mining Equipment Market? Ans: The Global market is growing at a CAGR of 12.7% during forecasting period 2024-2030. 3. What is scope of the Global Automated Mining Equipment Market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automated Mining Equipment Market? Ans: The important key players in the Global market are – Atlas Copco AB, Caterpillar, Inc., Komatsu Ltd., Sandvik AB, Rockwell Automation Inc., Trimble Inc., Autonomous Solutions Inc., ABB Ltd, Hexagon AB, Hitachi Ltd., AB Volvo, Siemens AG, RPM Global, Fluidmesh Networks, Symbioticware, and Others. 5. What is the study period of this Market? Ans: The Global market is studied from 2023 to 2030.
1. Global Automated Mining Equipment Market: Research Methodology 2. Global Automated Mining Equipment Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automated Mining Equipment Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automated Mining Equipment Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Automated Mining Equipment Market Segmentation 4.1 Global Automated Mining Equipment Market, by Technique (2023-2030) • Surface mining technique • Underground mining technique 4.2 Global Automated Mining Equipment Market, by Type (2023-2030) • Equipment • Software • Communication Systems 4.3 Global Automated Mining Equipment Market, by Workflow (2023-2030) • mine development • mining process • mine maintenance 5. North America Automated Mining Equipment Market(2023-2030) 5.1 North America Automated Mining Equipment Market, by Technique (2023-2030) • Surface mining technique • Underground mining technique 5.2 North America Automated Mining Equipment Market, by Type (2023-2030) • Equipment • Software • Communication Systems 5.3 North America Automated Mining Equipment Market, by Workflow (2023-2030) • mine development • mining process • mine maintenance 5.4 North America Automated Mining Equipment Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe Automated Mining Equipment Market (2023-2030) 6.1. European Automated Mining Equipment Market, by Technique (2023-2030) 6.2. European Automated Mining Equipment Market, by Type (2023-2030) 6.3. European Automated Mining Equipment Market, by Workflow (2023-2030) 6.4. European Automated Mining Equipment Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automated Mining Equipment Market (2023-2030) 7.1. Asia Pacific Automated Mining Equipment Market, by Technique (2023-2030) 7.2. Asia Pacific Automated Mining Equipment Market, by Type (2023-2030) 7.3. Asia Pacific Automated Mining Equipment Market, by Workflow (2023-2030) 7.4. Asia Pacific Automated Mining Equipment Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automated Mining Equipment Market (2023-2030) 8.1 Middle East and Africa Automated Mining Equipment Market, by Technique (2023-2030) 8.2. Middle East and Africa Automated Mining Equipment Market, by Type (2023-2030) 8.3. Middle East and Africa Automated Mining Equipment Market, by Workflow (2023-2030) 8.4. Middle East and Africa Automated Mining Equipment Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automated Mining Equipment Market (2023-2030) 9.1. South America Automated Mining Equipment Market, by Technique (2023-2030) 9.2. South America Automated Mining Equipment Market, by Type (2023-2030) 9.3. South America Automated Mining Equipment Market, by Workflow (2023-2030) 9.4 South America Automated Mining Equipment Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Atlas Copco AB 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Caterpillar, Inc. 10.3 Komatsu Ltd. 10.4 Sandvik AB 10.5 Rockwell Automation Inc. 10.6 Trimble Inc. 10.7 Autonomous Solutions Inc. 10.8 ABB Ltd 10.9 Hexagon AB 10.10 Hitachi Ltd. 10.11 AB Volvo 10.12 Siemens AG 10.13 RPM Global 10.14 Fluidmesh Networks 10.15 Symbioticware 10.16 Others