According to the latest report by IMARC Group, titled “Underground Mining Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global underground mining equipment market reached a value of US$ 24.3 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Underground mining is an efficient and reliable process used for extracting material deposits like ores and minerals that are buried deep inside the earth’s crust. It is safe, economical, produces negligible waste and does not cause substantial damage to the mining area. It involves two types of underground mining techniques, namely, hard and soft mining. Hard underground mining aids in the excavation of hard minerals such as lead, copper, nickel, iron, gold and silver. On the other hand, minerals like coal, potash and oil shale are extracted with the help of soft underground mining techniques. Some of the commonly used underground mining equipment include shovels, conveyors, draglines, haul trucks, overhead loaders, front end loaders and gathering-arm loaders.
Underground Mining Equipment Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the underground mining equipment market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Caterpillar Inc.
- Epiroc AB
- Hitachi Construction Machinery Co., Ltd.
- Komatsu Ltd.
- Liebherr
- Sandvik AB
- Sany Group Co., Ltd.
- Volvo
- BELAZ
- XCMG Group
Key Market Segmentation:
The report has segmented the underground mining equipment market on the basis of type of mining, application and region.
Breakup by Type of Mining:
- Longwalls
- Room and Pillars
Breakup by Type of Application:
- Coal Mining
- Metal Mining
- Mineral Mining
Breakup by Type of Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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The latest trending report Global Underground Mining Equipment Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Underground Mining Equipment market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 6.5% in the forecast period of 2020 to 2025 and will expected to reach USD 26270 million by 2025, from USD 20420 million in 2019.The Underground Mining Equipment market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/17500-underground-mining-equipment-market-analysis-reportMarket segmentationUnderground Mining Equipment market is split by Type and by Application.
For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
This analysis can help you expand your business by targeting qualified niche markets.By Type, Underground Mining Equipment market has been segmented into Longwall, Room and Pillar, etc.By Application, Underground Mining Equipment has been segmented into Coal Mining, Metal Mining, Mineral Mining, etc.Regions and Countries Level AnalysisRegional analysis is another highly comprehensive part of the research and analysis study of the global Underground Mining Equipment market presented in the report.
For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Underground Mining Equipment market.The report offers in-depth assessment of the growth and other aspects of the Underground Mining Equipment market in important countries (regions), including United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc.
It also throws light on the progress of key regional Underground Mining Equipment markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.Competitive Landscape and Underground Mining Equipment Market Share AnalysisUnderground Mining Equipment competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Underground Mining Equipment sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
