Description:- Global Underground Mining Equipment Market to reach USD 128.7 billion by 2025.
Global Underground mining equipment Market valued approximately USD 73.04 billion in 2016 is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2017-2025. Key factors which gives growth to the Underground mining equipment market are Rapid adoption of automation technology has resulted in increased usage of smart mining solutions. Growing exploration capabilities and falling costs of robotics technology are allowing companies to replace conventional mining methods.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Drills & breakers
Mineral processing machinery
North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, China, India, Japan, Latin America, Brazil, Mexico, Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market:
atlas copco AB, Boart longyear Ltd., caterpillar Inc., china coal technology & engineering group corp., FLSmidth &co. A/S, Joy global Inc., Komatsu Ltd., Metso corporation, Outotec oyj, Sandvik AB. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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