Underground Mining Equipment Market (Updated Version Available)

The report offers detailed coverage of Underground Mining Equipment industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Underground Mining Equipment by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Underground Mining Equipment is the mining equipment used in the underground. Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them.
Underground mining involves mineral production by extracting natural resources such as metals, coal, and minerals, including iron ore, titanium, bauxite, and copper, and various non-metallic products from beneath the earth\'s surface. The mining methods required for underground extraction are selected based on parameters such as geographical conditions, spatial and geometric characteristics, the economic value of ore, estimated operational costs, and availability of raw materials. Globally, APAC region generates the highest consumption value, followed by the North America, Europe, South America and Africa. The growing mining activities in developing countries of APAC such as China, India, and Australia, are the major factors influencing the growth of the market. Also, the growing demand from coal industry will drive the underground mining equipment market.
The coal mining sector was the highest revenue generator with over 40.21% market share in 2016, and this growth will continue through the forecast period. The energy industry is a significant end-user of mined coal products, as coal being a vital resource for energy production. Also, following the rapid growth in urbanization and industrialization, the demand for power generation has increased, thus triggering coal mining activities.

The report forecast global Underground Mining Equipment market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Underground Mining Equipment market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

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


At the same time, we classify Underground Mining Equipment according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Longwall
Room and Pillar
Market by Application
Coal Mining
Metal Mining
Mineral Mining

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Underground Mining Equipment market for the forecast period 2021 - 2025?
• What are the driving forces in the Underground Mining Equipment market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Underground Mining Equipment industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?