openPR Logo
Press release

Mechanical Mine Clearance System Market Expected to Hit US$ 51.7 Million by 2024

Mechanical Mine Clearance System Market

Mechanical Mine Clearance System Market

While the need for safe demining action is gradually becoming a necessity, the world awaits the arrival of affordable mechanical mine clearance systems. Demining action continues to gain traction across the globe, driving the adoption of mechanical mine clearance systems and reducing the casualty incidence rate while planting active landmines. Furthermore, the urgency of clearing landmines for rehabilitation purposes is also prompting the use of mechanical mine clearance systems. Persistence Market Research’s recently published report estimates the global market for mechanical mine clearance systems to be presently valued at US$ 38.2 Mn, and anticipates it to bring US$ 51.7 Mn by the end of 2024.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/13216

According to the report, titled “Mechanical Mine Clearance System Market: Global Industry Analysis and Forecast, 2016-2024,” the global market for mechanical mine clearance systems is projected to grow at a moderate pace, registering 3.9% CAGR over the forecast period. Factors that restrain the adoption of mechanical mine clearance systems include:

• High Installation Costs: Initial costs of setting up mechanical mine clearance systems, through rent or outright purchase, adds further complications to the end-user. Costly rentals apprehend operators from using the mechanical mine clearance vehicle in unreliable territories. Purchasing them becomes impractical as the cost of even a single unit is likely to add quite a lot of liability on the owner.

• Expensive Maintenance: The most crucial liability after purchasing mechanical mine clearance systems is maintaining them. Maintenance of mechanical mine clearance systems puts extra burden on the customers that will benefit from demining activities.

• Safety Concerns: Using mechanical mine clearance vehicles is hazardous for industrial workers. Complex operational mechanism and the risk of damaging vehicle from abrupt demining mishaps is also restraining their use in the mechanical demining market. Since mechanical mine clearance systems were developed to reduce onsite casualty rate in demining activities, such safety concerns depict a reversing image of these vehicles before potential buyers.

• Lack of Skilled Professionals: Despite of having remote control, operators face challenges in maneuvering mechanical mine clearance vehicles through cameras and display assistance. The operator is guarded in a safe armored area, but a risky line of work as such could easily scare millions of professional equipment operators.

Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/mechanical-mine-clearance-system-market/toc

The report reveals that in 2016, not more than fifty-five mechanical mine clearance systems were sold in the world, and that this number is expected to reach 71 by 2024-end. These systems are available at an average price per unit of US$ 675,000. So, spending half a million dollars on a demining vehicle serves as a deterrent for active consumption of mechanical mine clearance systems. Regardless, more than 60% of global mechanical mine clearance system market is dominated by costly mine flail systems. The demand for mine flails has been projected to grow in the years to come, while combine mechanical mine clearance vehicles will register revenue growth at more than 4% CAGR.

To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/13216

Seven out of ten mechanical mine clearance systems sold in the world are put to use through manual operation. However, concerns regarding operator’s safety has driven the adoption of robotic or remotely-controlled mechanical mine clearance vehicles, revenues from which are projected to reach US$ 15.9 Mn by 2024-end. The report also identifies Europe as the world’s largest market for mechanical mine clearance systems. With over 40% stake in global revenues, nearly 30 mechanical mine clearance vehicles are expected to be sold in European countries by the end of 2024. Second-in-line is the Middle East & Africa (MEA) region, which will consume over fifteen mechanical mine clearance systems by the end of forecast period.

Leading manufacturers of mechanical mine clearance systems include Hydrema Holdings ApS, Rheinmetall AG, Armtrac Limited, Aardvark Clear Mine Ltd., Digger DTR – Demining Technologies, CEFA, Way Industries a.s., DOK-ING d.o.o., MineWolf Systems AG, and Scanjack AB.

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mechanical Mine Clearance System Market Expected to Hit US$ 51.7 Million by 2024 here

News-ID: 515421 • Views:

More Releases from Persistence Market Research Pvt. Ltd

Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Market to Hit Surpass US$ 679.6 Million by 2032
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032. The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthetic Lasers Market
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism. Stay Ahead with Market Intelligence Get Free
Predictive Insights for Precision Medicine: The Global Biosimulation Market is Set to Hit USD 10 billion by 2030
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.  Market Overview The biosimulation market has experienced rapid growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheelchairs to Boost Growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing. Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961 The global wheelchair and components market has witnessed significant growth in

All 5 Releases


More Releases for Clear

Ring Clear Reviews: Does Ring Clear Tinnitus Hearing Relief Supplement Work? Int …
Ring Clear Reviews: Does Ring Clear Tinnitus Hearing Relief Supplement Work? Introducing Ring Clear, An Ultimate Solution for Tinnitus And All Hearing Problems. Ring Clear Tinnitus Relief Hearing Supplement. Ring Clear is a tinnitus relief supplement designed to help individuals struggling with persistent ringing, buzzing, or hissing sounds in their ears. This condition, known as tinnitus, can significantly impact daily life, causing stress, difficulty concentrating, and even sleep disturbances. Ring Clear
Clear Standard Ice Unveils Premium Clear Ice Service for Los Angeles
Los Angeles, CA - Clear Standard Ice, a premier supplier of high-quality clear ice products, proudly announces the launch of its new Clear Ice Service in Los Angeles. This service is tailored for craft cocktail bars, upscale restaurants, and event planners seeking exceptional ice solutions. Clear Standard Ice specializes in producing custom ice cubes that enhance the visual appeal and flavor of beverages. By utilizing advanced freezing techniques, Clear Standard
Clear Whey Isolate Market Report 2024 - Clear Whey Isolate Market Demand And Siz …
"The Business Research Company recently released a comprehensive report on the Global Clear Whey Isolate Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The clear whey isolate
Car Clear Coat Market A Lucrative Finish: Opportunities and Challenges in the Ca …
Car Clear Coat Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Car Clear Coat Market Size, Share & Trends Analysis Report By Type (Solvent-Based, Water-Based), By Resin Type (Polyurethane, Acrylic, Urethane), By Substrate (Metal, Plastic, Composite), Region, Market Outlook And Industry Analysis 2031" The global car clear coat market is estimated
Clear Aligners Market - The Clear Choice for Orthodontic Treatment: Advanced Ali …
Newark, New Castle, USA: The "Clear Aligners Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Clear Aligners Market: https://www.growthplusreports.com/report/clear-aligners-market/7750 This latest report researches the industry structure, sales, revenue,
Clear Aligners Market: Clear Aligners to Emerge as the Uncontested Superlative t …
The assent of the masses to the utility of aesthetic dentistry and painless treatments is perpetuating the use of clear aligners. Presumed to be an offshoot of the healthcare sector until a decade ago, the domain of dentistry now feeds the demands of consumers who prioritize personal care and enhancement procedures. Smile enhancement has become a highly sought-after procedure, especially amongst millennials. It is worthwhile to note that millennial tendencies