Underground Mining Equipment Market to Grow at a CAGR of 6.9% to 2024: Leading Key Players Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, Atlas Copco, Metso, ThyssenKrupp, Liebherr-International, ZMJ, FLSmidth, Doosan I

Market Study Report, LLC, has conducted a detailed analysis of the Underground Mining Equipment market that provides valuable business insights including revenue share, market size, market valuation, and regional spectrum of this vertical. The Underground Mining Equipment market report is an all-inclusive study of the current market trends, potential drivers & challenges, application landscape, competition situation, and industry-popular growth strategies, which will empower stakeholders to obtain a clear understanding of this domain.

According to this study, over the next five years the Underground Mining Equipment market will register a 6.9% CAGR in terms of revenue, the global market size will reach US$ 24100 million by 2024, from US$ 17300 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Underground Mining Equipment business, shared in Chapter 3.

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Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
The coal mining sector was the highest revenue generator with over 40.21% market share in 2016, and this growth will continue through the forecast period. The energy industry is a significant end-user of mined coal products, as coal being a vital resource for energy production. Also, following the rapid growth in urbanization and industrialization, the demand for power generation has increased, thus triggering coal mining activities.

Underground mining involves mineral production by extracting natural resources such as metals, coal, and minerals, including iron ore, titanium, bauxite, and copper, and various non-metallic products from beneath the earths surface. The mining methods required for underground extraction are selected based on parameters such as geographical conditions, spatial and geometric characteristics, the economic value of ore, estimated operational costs, and availability of raw materials. Globally, APAC region generates the highest consumption value, followed by the North America, Europe, South America and Africa. The growing mining activities in developing countries of APAC such as China, India, and Australia, are the major factors influencing the growth of the market. Also, the growing demand from coal industry will drive the underground mining equipment market.

UNDERGROUND MINING EQUIPMENT Market Segment by Top Manufacturers Including:
Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, Atlas Copco, Metso, ThyssenKrupp, Liebherr-International, ZMJ, FLSmidth, Doosan Infracore, China Coal Group.

Scope of the Report:
This report focuses on the UNDERGROUND MINING EQUIPMENT Market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.

UNDERGROUND MINING EQUIPMENT Market Segment by Regions, regional analysis covers:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Market Segment by Type, covers:
Longwall
Room and Pillar

Market Segment by Applications, can be divided into:
Coal Mining
Metal Mining
Mineral Mining

There are 15 Chapters to deeply display the global UNDERGROUND MINING EQUIPMENT market.
Chapter 1, to describe UNDERGROUND MINING EQUIPMENT Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of UNDERGROUND MINING EQUIPMENT, with sales, revenue, and price of UNDERGROUND MINING EQUIPMENT, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of UNDERGROUND MINING EQUIPMENT, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, UNDERGROUND MINING EQUIPMENT market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe UNDERGROUND MINING EQUIPMENT sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Table of Contents:

1 UNDERGROUND MINING EQUIPMENT Market Overview
2 Manufacturers Profiles
3 Global UNDERGROUND MINING EQUIPMENT Market Competition, by Players
4 Global UNDERGROUND MINING EQUIPMENT Market Analysis by Regions
5 North America UNDERGROUND MINING EQUIPMENT Revenue by Countries
6 Europe UNDERGROUND MINING EQUIPMENT Revenue by Countries
7 Asia-Pacific UNDERGROUND MINING EQUIPMENT Revenue by Countries
8 South America UNDERGROUND MINING EQUIPMENT Revenue by Countries
9 Middle East and Africa Revenue UNDERGROUND MINING EQUIPMENT by Countries
10 Global UNDERGROUND MINING EQUIPMENT Market Segment by Type
11 Global UNDERGROUND MINING EQUIPMENT Market Segment by Application
12 Global UNDERGROUND MINING EQUIPMENT Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source

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