Press release
What's driving the Mining Automation Market trends? Rockwell, Caterpillar, ABB, Hitachi, Sandvik, Atlas Copco, Komatsu, Hexagon, Micromine, Volvo Group, Trimble, Remote Control Technologies, Mine Site Technologies
Mining Automation Market
According to this study, over the next five years the Mining Automation market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 3200 million by 2024, from US$ 2510 million in 2019.
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The key manufacturers covered in this report:
o Caterpillar
o Sandvik
o Atlas Copco
o Komatsu
o ABB
o Hitachi
o Hexagon
o Rockwell
o Micromine
o Volvo Group
o Trimble
o Remote Control Technologies
o Mine Site Technologies
Automated mining involves the removal of human labor from the mining process. The mining industry is in the transition towards automation. It can still require a large amount of human capital, particularly in the developing world where labor costs are low so there is less incentive for increasing efficiency. Automated mining is an umbrella term that refers to two types of technology. The first type of mining automation deals with process and software automation; the second type deals with applying robotic technology to mining vehicles and equipment.
For industry structure analysis, the Mining Automation industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 58% of the revenue market. Regionally, Europe is the biggest production value area of valves, also the leader in the whole Mining Automation industry. In particular, this report presents the global market share (sales and revenue) of key companies in Mining Automation business,
Europe occupied 31.64% of the revenue market in 2016. It is followed by North America and Asia-Pacific, which respectively account for around 28.57% and 24.20% of the global total industry. Other countries have a smaller amount of revenue market share. Geographically, North America was the largest sales value market in the world, which took about 30.47% of the market in 2016.
For cost trend analysis, a key variable in the performance of Mining Automation producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
This report presents a comprehensive overview, market shares, and growth opportunities of Mining Automation market by product type, application, key manufacturers and key regions and countries. This study considers the Mining Automation value and volume generated from the sales of the following segments:
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Segmentation by product type:
Underground Mining Automation
Surface Mining Automation
Segmentation by application:
Metal Mining
Mineral Mining
Coal Mining
Other
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Mining Automation consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Mining Automation market by identifying its various subsegments.
Focuses on the key global Mining Automation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mining Automation with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Mining Automation submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Mining Automation Consumption Market Report
1 Scope of the Report
2 Executive Summary
3 Global Mining Automation by Players
4 Mining Automation by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Mining Automation Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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