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Underground Mining Equipment Market 2021 (Covid-19 Analysis) Major Factors That Can Increase the Worldwide Demand

12-02-2021 07:45 AM CET | Industry, Real Estate & Construction

Press release from: Market Insights Reports

The Underground Mining Equipment Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole Underground Mining Equipment Market competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.

The Underground Mining Equipment market is envisaged to record an expansion at the CAGR of 35.28% over the forecast period, 2021 – 2027

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Market Overview
The COVID-19 pandemic had an immediate impact on the global economy, and that impact goes across all industries, including mining. Significant price drops were observed across major commodities, while in some cases, prices remain passive. For example, the demand for metallurgical coal and thermal coal has decreased, while the demand for gold and iron ore has increased. However, the market is expected to witness significant growth during the forecast period, as the increasing use of electric machinery in underground mining and increasing demand for metals and commodities occupy a major share in the market. The increasing need for mineral fertilizers to improve agricultural yield and the rise in construction of roads and railway tracks through hilly areas are expected to fuel the demand for mining activities in emerging countries such as India and China.

The major players covered in Underground Mining Equipment Market:

Caterpillar, Komatsu (Joy Global), Volvo, Hitachi Construction Machinery, Sandvik, Atlas Copco, Metso, ThyssenKrupp, Liebherr-International, ZMJ, FLSmidth, Doosan Infracore, China Coal Group

Recent Development
FLSmidth A/S’s largest acquisition to date was in 2007, when it acquired Laperrière & Verreault Process Division for $747M. It’s largest disclosed sale occurred in 2015, when it sold Cembrit Holding A/S to Solix Group AB for $166M. FLSmidth A/S has acquired in 5 different US states, and 9 countries. The Company’s most targeted sectors include machinery (78%) and business services (10%).

Market segmentation

Underground Mining Equipment Market is split by Type and by Application. For the period 2021-2027, the growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.

Underground Mining Equipment Breakdown Data by Type

Longwall

Room and Pillar
Underground Mining Equipment Breakdown Data by Application

Coal Mining

 Metal Mining

 Mineral Mining

Report link:

https://www.marketintelligencedata.com/reports/375517/global-underground-mining-equipment-market-growth-status-and-outlook-2021-2026?mode=ich_nk

Asia-Pacific Dominates The Market 

Asia-Pacific is likely to lead the mining equipment over the forecast period. Many developing countries in the region have sizable coal-producing areas and significant coal and metal mining industries that need a substantial level of capital investment. Increasing demand for lower emissions, low cost, and high energy-efficiency machines is being witnessed in the region. Asia-Pacific will dominate the mining equipment market due to its abundant deposits. This region offers a number of opportunities for the mining companies, as there is significant scope for the exploration of bauxite, iron ore, and coal. In contrast, North America will witness its growth rate due to advancement in automotive technology, and the region is home to large deposits of copper, gold, and iron, which provides exploration opportunities.

Regions and Countries Level Analysis

Regional analysis is another highly comprehensive part of the research and analysis study of the Underground Mining Equipment Market presented in the report. For the historical and forecast period 2016 to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

The report offers in-depth assessment of the growth and other aspects of the Underground Mining Equipment Market in important countries (regions), including: 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, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa) and ROW.

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Table of Contents:

Global Underground Mining Equipment Market Research Report 2021

Chapter 1 - Market Overview

Chapter 2 - Industry's Global Economic Impact

Chapter 3 - Manufacturers' Global Market Competition

Chapter 4 - Revenue (Value) by Region for Global Productions

Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import

Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type

Chapter 7- Global Market Analysis by Application

Chapter 8 - Manufacturing Cost Analysis

Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers

Chapter 10 - Marketing Strategy Analysis, Distributors/Traders

Chapter 11- Market Effect Factors Analysis

Chapter 12- Global Underground Mining Equipment Market Forecast

Impact of Covid-19:

The COVID-19 pandemic had a minor impact on the Underground Mining Equipment Market's growth. The emergence of COVID-19 has caused a substantial setback to export-oriented economies in the region, owing to the temporary shutdown of manufacturing enterprises. For example, Germany's automotive industry has been seriously harmed because the majority of the country's automobile commerce is with China and Italy. Aside from concerns with exports and imports, the growth of Germany's manufacturing industry has been limited by the closure of production sites and a slowdown in operations to combat COVID-19's spread.

Customization:

The Global Underground Mining Equipment Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.

About Us:

Market intelligence data is a global leader in the research business, providing customers with contextual and data-driven research. The company assists customers in developing business plans and achieving long-term success in their particular markets. Consulting services, Market Intelligence Data research studies, and bespoke research reports are all offered by the industry.

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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA

Phone: +1 (704) 266-3234

Mail to: sales@marketintelligencedata.com

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