Global Mining Automation Equipment Market, By Product Type (Autonomous Hauling/Mining Trucks, Autono

Published Date: | Report Code : EQ1958468

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Adoption of automated drone systems is expected to drive the growth of mining automation equipment market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Mining automation involves the removal of human labor from the mining process.The mining sector is moving towards automation. It can still require a large amount of human capital, particularly in the developing world where labor costs are low so there is less incentive for increasing efficiency. Mining automation includes the use of process and software automation, and the integration of robotic technology in mining vehicles and automation.

Mining automation equipment enhances safety, improves fuel efficiency, increases productivity, reduces unplanned maintenance, improves working circumstances, improves vehicle use, and reduces driver fatigue and attrition. Additionally, automation techniques are effective way to mitigate the impacts of extensive shortages of labor on roles like the haul truck driver.

Global mining automation equipment market is growing with the rising concern for need of advanced mining equipment for underground mining to safeguard mine workers as working in underground mines is considered to be extremely hazardous due to the potential dangers such as lack of proper ventilation, exposure to toxic gases, and adverse health effects. Additionally, mining automation equipment result in the removal of manual labor from the mining process, and reduces the time needed to travel through the mine during the shift which reduces the overall cost incurred in the mining process. These all factors are fueling the growth for global mining automation equipment market.

Key Factors Impacting Market Growth:

  • Need to optimize cost of manufacturing

  • Low human intervention

  • Adoption of automated drone systems

  • High cost of equipment

  • Lack of standardization and high production cost

Regional Analysis:

Major regions for mining automation equipment market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for mining automation equipment owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be mine development, mining process, and mine maintenance. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for mining automation equipment market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, mine development, mining process, and mine maintenance are estimated to register high demand for mining automation equipment market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of mining automation equipment market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for mining automation equipment market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Atlas Copco, Caterpillar, Hexagon, Komatsu, Sandvik, Autonomous Solutions Inc., Hitachi, RPMGlobal, Trimble, Fluidmesh Metworks, Mine Site Technologies, and Symboticware...

Market Segmentation:

By Product Type:

  • Autonomous Hauling/Mining Trucks

  • Autonomous Drilling Rigs

  • Underground LHD Loaders

  • Tunneling Equipment

By Application:

  • Mine Development

  • Mining Process

  • Mine Maintenance

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Product Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Product Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Product Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Product Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Product Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Product Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global mining automation equipment market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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