openPR Logo
Press release

Global Underground Mining Equipment Market size is expected to reach USD 30,406.6 million by 2023

11-03-2017 01:03 PM CET | Energy & Environment

Press release from: Market Research Future

Market Scenario
The key drivers for the growth of the Underground Mining Equipment Market are increased demand of coal from energy sector, growing demand of metal by manufacturing industries and supportive government policies. On the basis of application, coal mining accounted for the largest market share of 43.44% in 2016. The share is attributed to the increasing demand of coal by energy and power sector, especially from the emerging nations such as Brazil, and India. The countries have shown positive growth indicators in last few years and thus have become major consumers of power and energy due to rapid urbanization and industrialization. Furthermore APAC contributes largely to the overall market share of underground mining equipment market. However, factors such as stringent regulations on the use of coal and unavailability of skilled labor is expected to hamper the growth of the market.
The Global Underground Mining Equipment Market size is expected to reach USD 30,406.6 million by 2023 and is projected to grow at 7.13% CAGR during the forecast period.

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/3692

Key Players
The key players of the global underground mining equipment market include- Komatsu Ltd., Caterpillar Inc., Sandvik AB, Volvo AB, Thyssenkrupp AG, Liebherr - International Deutschland GmBh, Hitachi Construction Machinery Co., Ltd., Metso Corporation, FLSmidth Group, Kennametal, Inc., and Boart Longyear Ltd.

Table of Content
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

For further information on this report @ https://www.marketresearchfuture.com/reports/underground-mining-equipment-market-3692

4 Market Dynamics
4.1 Drivers, Restraints And Trends Of Global Underground Mining Equipment Market
4.2 Drivers
4.2.1 Increased Demand Of Coal From Energy Sector
4.2.2 Growing Demand Of Metal By Manufacturing Industries
4.2.3 Supportive Government Policies
4.2.4 Increasing Mining Activities In Latin America
4.3 Impact Analysis
4.4 Restraints
4.4.1 Stringent Regulations On The Use Of Coal
4.4.2 Unavailability Of Skilled Labor
4.5 Impact Analysis
4.6 Opportunities
4.6.1 Integration Of Mining And Energy Companies
5 Market Factor Analysis
Continue………….

List of Tables
Table 1 Market Synopsis
Table 2 World Energy Consumption, 1990-2040 (Quadrillion Btu)
Table 3 Global Underground Mining Equipment Market, By Type Of Mining Method, 2015–2023
Table 4 Oecd Coal Consumption By Region, 1980, 2012, 2020, And 2040
Table 5 Non-Oecd Coal Consumption By Region, 1980, 2012, 2020, And 2040
Continue…….

List of Figures
Figure 1 Research Process Of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Drivers, Restraints And Trends Of Global Underground Mining Equipment Market
Figure 4 Global Steel Production, 2010-2015 (Million Tonnes)
Figure 5 Total Steel Production, By Region, 2015 (%)
Continue………

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.

Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.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 Global Underground Mining Equipment Market size is expected to reach USD 30,406.6 million by 2023 here

News-ID: 800840 • Views:

More Releases from Market Research Future

Sodium Hypochlorite Market Poised for Expansion, Forecast at 4.44% CAGR to Hit USD 12.6 Billion by 2035
Sodium Hypochlorite Market Poised for Expansion, Forecast at 4.44% CAGR to Hit U …
The Sodium Hypochlorite Market is witnessing steady growth driven by its extensive applications in water treatment, disinfection, bleaching, and industrial processes. According to recent market estimates, the market was valued at USD 7.82 billion in 2024 and is projected to reach USD 12.6 billion by 2035, growing at a compound annual growth rate (CAGR) of 4.44% between 2025 and 2035. Sodium hypochlorite (NaOCl), a chlorine-based compound, is widely used as a
Polyester Filament Yarn Market Set for Steady Growth, Projected to Reach USD 159.0 Billion by 2035 at 3.72% CAGR
Polyester Filament Yarn Market Set for Steady Growth, Projected to Reach USD 159 …
The Polyester Filament Yarn (PFY) Market is experiencing consistent growth due to increasing demand from the textile, apparel, and industrial sectors. According to market estimates, the market was valued at USD 106.4 billion in 2024 and is projected to reach USD 159.0 billion by 2035, registering a compound annual growth rate (CAGR) of 3.72% between 2025 and 2035. Polyester filament yarn is widely used for its strength, durability, wrinkle resistance, and
Self-Cleaning Glass Market Poised for Strong Expansion, Forecast at 8.32% CAGR to Hit USD 10.9 Billion by 2035
Self-Cleaning Glass Market Poised for Strong Expansion, Forecast at 8.32% CAGR t …
The Self-cleaning Glass Market is witnessing substantial growth due to increasing demand for low-maintenance, energy-efficient, and environmentally friendly building materials. According to recent estimates, the market was valued at USD 4.52 billion in 2024 and is projected to reach USD 10.9 billion by 2035, registering a compound annual growth rate (CAGR) of 8.32% between 2025 and 2035. Self-cleaning glass, designed with hydrophilic or photocatalytic coatings, enables surfaces to stay clean with
Knitted Fabric Market Poised for Expansion, Forecast at 4.87% CAGR to Hit USD 294.3 Billion by 2035
Knitted Fabric Market Poised for Expansion, Forecast at 4.87% CAGR to Hit USD 29 …
The Knitted Fabric Market is experiencing consistent growth, driven by increasing consumer demand for comfort-oriented and fashion-forward textiles. According to recent market estimates, the sector was valued at USD 174.3 billion in 2024 and is projected to reach USD 294.3 billion by 2035, registering a compound annual growth rate (CAGR) of 4.87% between 2025 and 2035. Knitted fabrics, produced by interlooping yarns, are widely recognized for their flexibility, elasticity, breathability, and

All 5 Releases


More Releases for Mining

Gold Mining Market is Booming Worldwide | Newmont Mining, Coeur Mining, Freeport …
The " Gold Mining - Market Development Outlook " Study has been added to AMA Research repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are Newmont Mining United States), Coeur Mining (United States), Freeport-McMoRan (United States), North Bloomfield Mining and Gravel
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe. The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining. Surface
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally. Summary GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe. Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due