US Underground Mining Equipment Industry to Generate USD 4321.1 Million Revenue by 2022
Industry Overview and Highlights:
Market Research Future published a Cooked Research Report on US Underground Mining Equipment Industry. The global market for US Underground Mining Equipment Industry is expected to grow over the CAGR of 4.3% during the period 2016 to 2022.
The US Underground Mining Equipment Industry is driven by increase in mining activities. The Midwest region shows a rapid increase in the mining sites followed by south, West and Northeast in the US. Coal mining holds the maximum share in underground mining and leads to high demand of specialized mining equipment. Furthermore, the government’s supportive regulations and policies regarding mining safety, employment, environment, and equipment usage have augmented the demand for the underground mining equipment in US. The US Underground Mining Equipment Industry is expected to reach US$ 4321.1 Million at the end of the forecasted period and is expected to show a staggering growth at CAGR of 4.3% from 2016 to 2022.
US Underground Mining Equipment Industry Key Players:
• Komatsu Ltd.
• Caterpillar Inc.
• Joy Global Inc.
• Sandvik AB
• Volvo AB
• Hitachi Construction Machinery Co. Ltd.
• Doosan Infracore Co. Ltd.
• Boart Longyear Ltd.
• Flsmidth Group
• Kennametal, Inc.
• Liebherr - International Deutschland Gmbh
• Metso Corporation
• Thyssenkrupp AG.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1669
It is expected that the US Underground Mining Equipment Industry will advance with higher growth rate as compared to previous years. The current challenges for the market are safety of the workers and environment. The growing population and urbanization in the emerging economies is driving the market of Underground Mining along with overall infrastructure development, sustainable mining development policies, and supportive mining safety regulations over the next five years. The Longwall Extraction is estimated to be the leading Underground mining equipment in United States with market value of USD 2803.2 million by 2022 due its high recovery rate. Coal Mining acquires a share of USD 3174.6 million by the end of forecasted period.
APAC will be the Fastest Growing Market:
Midwest dominates the US Underground Mining Equipment Industry with its largest market share of USD 1836.4 million. It will expand at a CAGR 4.7% over the forecast period. This share is attributed to the increase in mining activities and lots of investments in the region.
It is followed by South, which is expected to grow rapidly over USD 1475.2 million by 2022. West and Northeast are also expected to grow from 2016 to 2022.
Details of Report @ https://www.marketresearchfuture.com/reports/us-underground-mining-equipment-industry-1669
Market Research Analysis:
Underground mining is a process used to access ores and valuable minerals in the grounds by digging into the ground to extract them. Underground Mining is generally carried out when minerals or precious stones are so buried that surface mining is not an option. Underground rooms are created to facilitate the mining operations. Specialized underground mining equipment is used to undergo this technique. The scope of the study includes two types of mining methods: Longwall Extraction and Room & Pillar Extraction. The selection of mining methods is primarily based on the geological/spatial setting of the deposit. The method offering the most reasonable and optimized combination of safety, economic and recovery is then chosen.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312
This release was published on openPR.
Permanent link to this press release:
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 US Underground Mining Equipment Industry to Generate USD 4321.1 Million Revenue by 2022 here
News-ID: 666537 • Views: 171
More Releases from Market Research Furture
Fertility Testing Market Size & Share 2019 | Upcoming Trends, Top Market Players …
Acknowledging the ascending graph of the growth, the market is climbing steadily, Market Research Future (MRFR), in its recently published study report foretells that the global Fertility Testing Market will register a phenomenal CAGR, garnering further prominence over the anticipated period (2017 to 2024). The global fertility testing market is growing pervasively mainly due to the rising issues associated with fertility. The market perceives upsurge demand for fertility testing kits and
Antiperspirants and Deodorants Market Overview by Size, Share, Emerging Trends, …
The Global Antiperspirants and Deodorants Market is growing worldwide due to rising awareness about personal hygiene and increasing purchasing power of the consumers. A variety of antiperspirants and deodorants have been introduced by companies with different characteristics and forms to cater to the consumer demand for various body-odor related products. The global antiperspirants and deodorants market is expected to garner a revenue of USD 70 Billion by 2024 and projected
Luxury Handbags Market Global Demand, Manufacturer, Sales Trend, Business Growth …
A luxury handbag or a luxury designer handbag is crafted from the finest materials to provide an exquisite look and finish. The main purpose of these premium bags is to make a style statement. They are available in different styles, materials, and sizes. Luxury handbags are commonly custom-made according to the needs of the buyer. The global luxury handbag market size is estimated to reach USD 33.94 Billion and record
Global Garcinia Market Overview 2019 - Guangdong Hybribio, Hunan Huacheng Biotec …
Garcinia is fruit from mangosteen family that has culinary, pharmaceutical and industrial uses. It contains hydroxycitric acid which is considered as an effective alternative to prevent fat storage, control appetite and improve body endurance towards exercise. Market Research Future (MRFR) has published a report stating that the global garcinia market is marked to expand at a moderate growth rate during the forecast period of 2018-2023. Get a Free Sample Report @
More Releases for Underground
Global Underground LHDs Professional Analysis Report 2019
Castleton, Los Angeles,February 14, 2019 (satprnews) - QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. The global Underground LHDs market is valued at million US$ in 2018 is expected to reach million US$ by the end of
Reasons to Hire Underground Pipe Location Services
To prevent undesired problems in the construction or excavation process, it is important to determine the underground pipe location. The importance to detect the exact location of the pipes is high if you want the process to pass quickly and accurately. Underground pipes are complex networks, especially in large cities like Sydney. The whole city is connected underground. Except for gas and water pipes, you can locate electrical and telecommunication lines
Carolina Underground Solutions Awarded Veteran Owned Status
Greenville, SC (September 29, 2017) – [CAROLINA UNDERGROUND SOLUTIONS] CUS, a leading underground telecommunications contractor, has received certification from the Department of Veteran Affairs as a registered veteran-owned business. President Brad Cunningham, a Marine Corps veteran stated, “It’s an honor to receive this designation after a lengthy certification process and this is going to assist CUS to expand our efforts with both the private and public sectors”. The company, which
Underground Mining Market - Analysis and Forecast - 2024
Global Underground Mining Market: Brief Account Underground mining is considered as an efficient and reliable process for extracting heavily expensive material deposits that are not suited to surface mining techniques, or those deposits that are found at deeper levels inside the earth. The extraction process is conducted with the help of advanced machinery, including continuous miners and longwall miners, or sometimes via blasting. Companies functioning in the global underground mining
CAROLINA UNDERGROUND SOLUTIONS ACQUIRED
Entrepreneur and Greenville Businessman, Braddock Cunningham, Acquires Carolina Underground Solutions Greenville, SC (May 30, 2017) – [CAROLINA UNDERGROUND SOLUTIONS] CUS, a leading underground telecommunications cabling and conduit contractor, today announced that they have been acquired by Braddock Cunningham, former CEO of Network Controls and Electric, where he grew his company to a South Carolina top 25 fastest growing company 4 times between 2008 and 2013. Cunningham who holds a
Underground Coal Gasification - Global Industry Analysis 2023
The coal production has been increasing from the past few decades and is expected to grow in the future. The Energy Information Administration (EIA) forecasts the growth of coal consumption by 3.9% in 2014 as compared to 2013. The majority of the coal reserves of the world are located at a greater depth to be mined using the traditional technologies. However, the underground gasification can convert this unused coal into