Press release
Underground Mining Equipment Global Forecast Market Leading Key Players: Caterpillar Inc., Sandvik AB, Volvo AB, Thyssenkrupp AG, Liebherr - International Deutschland GmBh,
Market Higlights:-
Evaluating the potential of this market to surge in the years to come, Market Research Future (MRFR) in its recently published study report asserts that the global underground mining equipment market will experience the accretion of USD 30,406.6 Mn. by 2023 registering a CAGR of 7.13% throughout the forecast period (2017-2023).
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Top Underground Mining Equipment Key Players:-
Some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the market include Caterpillar Inc., Komatsu Ltd., Sandvik AB, Thyssenkrupp AG, Volvo AB, Liebherr - International Deutschland GmBh, Metso Corporation, Hitachi Construction Machinery Co., Ltd., FLSmidth Group, Boart Longyear Ltd., and Kennametal, Inc.
Industry/Innovation/Related News:
July 24, 2018 – Caterpillar Inc. (US), one of the leading global mining equipment manufacturers announced its partnership with Newmont Mining Corporation (US), a gold producer to develop and improve technology used in underground hard rock mining vehicle automation.
The collaboration is expected to support Caterpillar and Newmont to make further improvements in terms of underground vehicle automation, including improvement of existing technology and deployment of new features.
In addition to the safety and security of machine operators, the agreement provides the platform for new or improved capabilities to be jointly and quickly scoped, piloted, proven and adopted into operations. Besides the collaboration agreement also covers information sharing for assistance in strategic and tactical decision-making with respect to automation.
Additionally, the partnership is expected to pave way for rapid replication across its operations by leveraging Caterpillar’s global business model and dealer network. Also, the deployment of Command for underground operating model at other mines will create more value.
August 09, 2018 – The Australian gold miner, building the world's first fully autonomous underground mine is set to begin production in Africa. The Syama mine in Mali is set to be the world's first fully automated underground mine.
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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.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
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Email: sales@marketresearchfuture.com
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