Press release
Global Mining Automation Market Growth Analysis By Size, Share, Demand, Opportunity- 2023
According to a new report by Allied Market Research, titled, "Global Mining Automation Market by Technique and Type: Global Opportunities Analysis and Industry Forecast, 2017-2023," the mining automation market was valued at $2,193 million in 2016, and is projected to reach at $3.81 billion by 2023, growing at a CAGR of 7.9% from 2017 to 2023.Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4591
Mining automation involves use of process and software automation, and incorporation of robotic technology in mining vehicles and automation. In 2016, the underground mining segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure.
Asia-Pacific was the highest revenue contributor to the golf cart market in 2016, accounting for around 31.41% share, owing to surge in demand for mobility for automation and increase in transition from manual work to automated work.
The report features a competitive scenario of the mining automation market and provides a comprehensive analysis of key growth strategies adopted by major players. Key players operating in the global mining automation market include Autonomous Solution Inc., Atlas Copco, Caterpillar, Hexagon, Hitachi, Komatsu Ltd., Mine site technologies, RPMGlobal Holdings Ltd., Sandvik AB, and Trimble. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.
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KEY FINDINGS OF THE STUDY
• The underground mining segment accounted for the highest share in 2016.
• Equipment segment generated the highest revenue in 2016.
• Asia-Pacific is expected to dominate the market, in terms of market share, during the forecast period.
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ABOUT US-
Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Our market research department starts with the research task considering specific concerns and ambitions of the client. We understand that every market is driven by certain key factors locally as well as globally. Our analysts dig out those factors, helping clients understand the importance and impact of every such driving force. Moreover, possible restraints of the market are discovered and suggestions to tackle those restraints are formulated after extensive research and analysis of the overall market conditions. Making an even deeper insight, we analyze the market trend including both qualitative and quantitative present market scenario in every geographical region segmented as per the business domain concerned and overall performance in different regions throughout the globe.
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