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Mining Automation Trends and Forecast
The future of the global mining automation market looks promising with opportunities in the metal mining, mineral mining, and coal mining markets. The global mining automation market is expected to reach an estimated $5.3 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are swift progress in technological fields like artificial intelligence (AI) and robotics, governments worldwide are actively endorsing the advancement and implementation of mining automation technologies, as well as, creation of increasingly advanced solutions for automated mining.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Mining Automation by Segment
The study includes a forecast for the global mining automation by offering, technique, application, and region.
Mining Automation Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Equipment
• Software
• Communication System
Mining Automation Market by Technique [Shipment Analysis by Value from 2018 to 2030]:
• Surface Mining
• Underground Mining
Mining Automation Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Metal Mining
• Mineral Mining
• Coal Mining
Mining Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Mining Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mining automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mining automation companies profiled in this report include-
• Caterpillar
• Hexagon
• Epiroc
• Komatsu
• Sandvik
• Liebherr
• SANY
• Rockwell Automation
• Siemens
• RPM Global
Mining Automation Market Insights
Lucintel forecasts that underground mining will remain the larger segment over the forecast period due to the increased usage of metals, minerals, coal, ores, and other materials in different end-user sectors such as energy and electricity, automotive, and construction is pushing underground exploration and mining operations across the world.
APAC will remain the largest region due to the presence of mining companies in these region adopting new automation technologies.
Features of the Global Mining Automation Market
Market Size Estimates: Mining automation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mining automation market size by offering, technique, application, and region in terms of value ($B).
Regional Analysis: Mining automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, technique, application, and regions for the mining automation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mining automation market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the mining automation market size?
Answer: The global mining automation market is expected to reach an estimated $5.3 billion by 2030.
Q.2 What is the growth forecast for mining automation market?
Answer: The global mining automation market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the mining automation market?
Answer: The major drivers for this market are swift progress in technological fields like artificial intelligence (AI) and robotics, governments worldwide are actively endorsing the advancement and implementation of mining automation technologies, as well as, creation of increasingly advanced solutions for automated mining.
Q4. What are the major segments for mining automation market?
Answer: The future of the global mining automation market looks promising with opportunities in the metal mining, mineral mining, and coal mining markets.
Q5. Who are the key mining automation market companies?
Answer: Some of the key mining automation companies are as follows:
• Caterpillar
• Hexagon
• Epiroc
• Komatsu
• Sandvik
• Liebherr
• SANY
• Rockwell Automation
• Siemens
• RPM Global
Q6. Which mining automation market segment will be the largest in future?
Answer: Lucintel forecasts that underground mining will remain the larger segment over the forecast period due to the increased usage of metals, minerals, coal, ores, and other materials in different end-user sectors such as energy and electricity, automotive, and construction is pushing underground exploration and mining operations across the world.
Q7. In mining automation market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the presence of mining companies in these region adopting new automation technologies.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mining automation market by offering (equipment, software, and communication system), technique (surface mining and underground mining), application (metal mining, mineral mining, and coal mining), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Mining Automation Market, Mining Automation Market Size, Mining Automation Market Growth, Mining Automation Market Analysis, Mining Automation Market Report, Mining Automation Market Share, Mining Automation Market Trends, Mining Automation Market Forecast, Mining Automation Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Mining Automation Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Mining Automation Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Mining Automation Market by Offering
3.3.1: Equipment
3.3.2: Software
3.3.3: Communication System
3.4: Global Mining Automation Market by Technique
3.4.1: Surface Mining
3.4.2: Underground Mining
3.5: Global Mining Automation Market by Application
3.5.1: Metal Mining
3.5.2: Mineral Mining
3.5.3: Coal Mining
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Mining Automation Market by Region
4.2: North American Mining Automation Market
4.2.1: North American Mining Automation Market by Technique: Surface Mining and Underground Mining
4.2.2: North American Mining Automation Market by Application: Metal Mining, Mineral Mining, and Coal Mining
4.3: European Mining Automation Market
4.3.1: European Mining Automation Market by Technique: Surface Mining and Underground Mining
4.3.2: European Mining Automation Market by Application: Metal Mining, Mineral Mining, and Coal Mining
4.4: APAC Mining Automation Market
4.4.1: APAC Mining Automation Market by Technique: Surface Mining and Underground Mining
4.4.2: APAC Mining Automation Market by Application: Metal Mining, Mineral Mining, and Coal Mining
4.5: ROW Mining Automation Market
4.5.1: ROW Mining Automation Market by Technique: Surface Mining and Underground Mining
4.5.2: ROW Mining Automation Market by Application: Metal Mining, Mineral Mining, and Coal Mining
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Mining Automation Market by Offering
6.1.2: Growth Opportunities for the Global Mining Automation Market by Technique
6.1.3: Growth Opportunities for the Global Mining Automation Market by Application
6.1.4: Growth Opportunities for the Global Mining Automation Market by Region
6.2: Emerging Trends in the Global Mining Automation Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Mining Automation Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Mining Automation Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Caterpillar
7.2: Hexagon
7.3: Epiroc
7.4: Komatsu
7.5: Sandvik
7.6: Liebherr
7.7: SANY
7.8: Rockwell Automation
7.9: Siemens
7.10: RPM Global
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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