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How Automation Changing the Face of Mining Industry: COVID-19 Impact on Market Growth and Investment Opportunities- Autonomous Solution Inc., Atlas Copco, Caterpillar, Hexagon, Hitachi, Komatsu Ltd., Mine site technologies, RPM Global Holdings Ltd., Sandv
Mining Automation Market
Continuous launch of new and improved technologies and a progressive transition from manual cognitive work to automated cognitive work drives the market growth.
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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.
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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Asia-Pacific was the highest revenue contributor to the golf cart market, 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.
In addition, underground mining cart contributed significant revenue to the market, majorly from the Latin America. Furthermore, the software type is anticipated to witness the highest growth rate during the forecast period, due to heavy investment across the developing nations.
Key Benefits for Mining Automation Market:
• This report provides an extensive analysis of the current and emerging mining automation market trends and dynamics.
• In-depth mining automation market analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
• Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
• The global mining automation market forecast analysis from 2016 to 2023 is included in the report.
• Key players operating in the global market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the mining automation industry.
Curious? Speak to Our Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/4591
MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top Winning Strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Increase in the need for workers safety
3.5.1.2. Reduction in operating cost
3.5.1.3. Requirement for increase in productivity
3.5.2. Restraint
3.5.2.1. Absence of high skilled and qualified labor
3.5.3. Opportunities
3.5.3.1. Enhancement in digital mining
3.5.3.2. Attraction of tech-savvy generation of workers
CHAPTER 4: MINING AUTOMATION MARKETMARKET, BY TECHNIQUE
4.1. OVERVIEW
4.2. UNDERGROUND MINING AUTOMATION
4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast
4.3. SURFACE MINING AUTOMATION
4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast
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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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