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What's the Impact of COVID-19 on Mining Automation Market? What's Major Companies doing to Survive in Global Industry

04-15-2020 11:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Mining Automation Market

Mining Automation Market

Mining automation involves use of process and software automation, and incorporation of robotic technology in mining vehicles and automation. In 2019, the underground mining segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure.

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 $3,810 million by 2023, growing at a CAGR of 7.9% from 2017 to 2023.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/4591

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 2019.

Equipment segment generated the highest revenue in 2019.

Asia-Pacific is expected to dominate the market, in terms of market share, during the forecast period.

Mining Automation Market Key Segments:

By Technique

o Underground Mining Automation
o Surface Mining Automation

By Type

o Equipment
o Software
o Communication System

By Region

o North America

o U.S.
o Canada
o Mexico

o Europe

o UK
o Germany
o France
o Rest of Europe

o Asia-Pacific

o China
o India
o Japan
o Rest of Asia-Pacific

o LAMEA

o Latin America
o Middle East
o Africa

Access Report Summary: https://www.alliedmarketresearch.com/mining-automation-market

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Web: https://www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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