(2022-2031) Autonomous Mining Equipment Global Market Analysis And Forecast | Technologies, Demand, Growth, Research And Development

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According to The Business Research Company's autonomous mining equipment market report, The autonomous mining equipment market reached a value of nearly $1,825.1 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.8% since 2015. The market is expected to grow from $1,825.1 million in 2020 to $3,171.8 million in 2025 at a rate of 11.7%. The autonomous mining equipment market is then expected to grow at a CAGR of 5.2% from 2025 and reach $4,080.2 million in 2030.

Many mining companies are facing heavy equipment operator shortages across the world. Manufacturers are more focused towards technology such as robotics and automation primarily to combat labor shortages along with finishing tasks faster, reducing wastage, and providing high yields with improved quality. Experts believed that one of the best solutions to combat the labor shortage is to automate mining equipment for repetitive tasks, especially in remote areas and in locations with significant labor shortages. Therefore, a shortage of labor or skilled workforce is driving the autonomous mining equipment market. For instance, in 2021, Australia based gold mining company, St Barbara Ltd slashed full-year production guidance for its Leonora operations in Western Australia by 18% due to a severe labor and skills shortage, which could cost the company $US46.7 million ($60 million).

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The autonomous mining equipment market is segmented -
• By Type: Underground LHD Loaders, Autonomous Drilling Rigs, Tunneling Equipment, Autonomous Hauling/Mining Trucks
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the autonomous mining equipment market.

Major competitors in the autonomous mining equipment market include Sandvik, Caterpillar, Komatsu, Hitachi Construction Machinery Co., Ltd., Scania AB

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The autonomous mining equipment market consists of sales of autonomous mining equipment by entities (organizations, sole traders or partnerships) that are engaged in manufacturing autonomous equipment and vehicles which function with minimal human intervention and primarily help in safe mining and transportation of ores and other materials. Autonomous mining equipment works on wireless communication technologies and electronic tracking (CT) systems. Only goods and services traded between entities or sold to end consumers are included.

The Table Of Content For The Autonomous mining equipment Market Include:
1. Autonomous mining equipment Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…….
22. Autonomous mining equipment Market Opportunities And Strategies
23. Autonomous mining equipment Market, Conclusions And Recommendations
24. Appendix

The Business Research Company's "Global Autonomous mining equipment Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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