Market Overview:
The global autonomous mining equipment and vehicles market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for autonomous mining equipment and vehicles due to the rising need for increased efficiency, safety, and productivity in the mining industry. Additionally, factors such as technological advancements and growing awareness about the benefits of using autonomous mining equipment are also contributing to the growth of this market. The global autonomous mining equipment and vehicles market can be segmented on the basis of type into autonomous haul trucks/mining trucks, autonomous drilling rigs, underground LHD loaders, tunneling equipment, and other types. The haul trucks/mining truck segment is expected to account for a major share of this market in terms of revenue owing to its high adoption rate across various applications such as metal ore mines, coal mines, etc. The other type segment includes unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), etc., which are used for various purposes such as surveying & mapping operations in mines or transporting materials from one location within a mine site to another. On the basis of application ,the global autonomou s minin g equipm ent an d vehic les ma rket can be divided into metal ore min es , coa l mi nes , an d oth er app licatio ns .
Product Definition:
Autonomous Mining Equipment and Vehicles are self-driving vehicles used in the mining industry. They allow for increased efficiency and safety in mining operations.
Autonomous Hauling/Mining Trucks:
The autonomous haulage/mining trucks are used to transport mining ores and materials from one place to another in a safe manner. The major factor driving the growth of this industry is increasing demand for automation in the mining sector, which helps save time and resources. Also, it increases productivity by reducing human errors while transporting goods between mine working areas.
Autonomous Drilling Rigs:
Autonomous drilling rigs are used to drill and mine automatically. These rigs are equipped with sensors, software and hardware that help the equipment to work without any human intervention. The primary function of these autonomous drilling rigs is to enable a remote location where mining can be done safely with minimal or no impact on the environment.
Application Insights:
The metal mining segment dominated the global autonomous mining equipment and vehicles market in 2017. The growth can be attributed to increasing demand for metals, such as copper, zinc, lead and nickel. These metals are used in various end-use industries including construction materials and electrical & electronics which is expected to propel the demand over the forecast period.
The coal segment is anticipated to witness significant growth over the forecast period owing to rising demand from Asia Pacific region especially China India Japan Australia Philippines South Korea Vietnam Indonesia Malaysia Thailand etc. Increasing use of coal as an energy source has resulted in increased focus on coal mines across various regions globally which will further boost product adoption over next seven years or so. Increasing government funding towards research & development activities related with automation at Coal India Ltd., one of the largest producers of coal in India is expected to drive industry expansion over next few years thereabouts.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a rise in demand for self-driving vehicles owing to increasing mining activities, especially in China and Australia. Furthermore, rising automation of trucks coupled with stringent regulations aimed at reducing human error is likely to drive regional growth over the next eight years.
Europe accounted for more than 20% of revenue share in 2017 on account of growing autonomous haulage equipment demand from underground mines across Spain, Italy, Germany, U.K., Poland and France countries among others are anticipated to propel industry expansion over the coming years. North America also held a significant market share due to high adoption rate of autonomous vehicles technology by companies operating within U.S., such as Tesla Motors Inc.; Google LLC; Ford Motor Company; Bosch Ltd.
Growth Factors:
- Increasing demand for autonomous mining equipment and vehicles from the mining industry to increase the efficiency and productivity of operations.
- Rising adoption of autonomous mining equipment and vehicles across various applications owing to their advantages such as high precision, accuracy, and safety.
- Growing investments in research and development activities for the development of advanced autonomous mining equipment and vehicles technologies.
- Proliferation of digital technologies that are enabling efficient data management, communication, navigation, etc., for autonomous mining operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Mining Equipment and Vehicles Market Research Report
By Type
Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Other
By Application
Metal, Coal, Other
By Companies
Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, Atlas Copco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Mining Equipment and Vehicles Market Report Segments:
The global Autonomous Mining Equipment and Vehicles market is segmented on the basis of:
Types
Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metal, Coal, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Komatsu
- Rockwell Automation
- Hitachi
- Sandvik
- Hexagon
- Atlas Copco
Highlights of The Autonomous Mining Equipment and Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Autonomous Hauling/Mining Trucks
- Autonomous Drilling Rigs
- Underground LHD Loaders
- Tunneling Equipment
- Other
- By Application:
- Metal
- Coal
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Mining Equipment and Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Autonomous mining equipment and vehicles are machines that are designed to operate without human input. These machines can be used in mines to help with tasks such as moving rocks, digging tunnels, and loading ore onto trucks.
Some of the major companies in the autonomous mining equipment and vehicles market are Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, Atlas Copco.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Autonomous Mining Equipment and Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Autonomous Mining Equipment and Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Autonomous Mining Equipment and Vehicles Market - Supply Chain
4.5. Global Autonomous Mining Equipment and Vehicles Market Forecast
4.5.1. Autonomous Mining Equipment and Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Autonomous Mining Equipment and Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Autonomous Mining Equipment and Vehicles Market Absolute $ Opportunity
5. Global Autonomous Mining Equipment and Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Type
5.3.1. Autonomous Hauling/Mining Trucks
5.3.2. Autonomous Drilling Rigs
5.3.3. Underground LHD Loaders
5.3.4. Tunneling Equipment
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Autonomous Mining Equipment and Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Application
6.3.1. Metal
6.3.2. Coal
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Autonomous Mining Equipment and Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Autonomous Mining Equipment and Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Autonomous Mining Equipment and Vehicles Demand Share Forecast, 2019-2026
9. North America Autonomous Mining Equipment and Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Application
9.4.1. Metal
9.4.2. Coal
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Type
9.7.1. Autonomous Hauling/Mining Trucks
9.7.2. Autonomous Drilling Rigs
9.7.3. Underground LHD Loaders
9.7.4. Tunneling Equipment
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Autonomous Mining Equipment and Vehicles Demand Share Forecast, 2019-2026
10. Latin America Autonomous Mining Equipment and Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Application
10.4.1. Metal
10.4.2. Coal
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Type
10.7.1. Autonomous Hauling/Mining Trucks
10.7.2. Autonomous Drilling Rigs
10.7.3. Underground LHD Loaders
10.7.4. Tunneling Equipment
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Autonomous Mining Equipment and Vehicles Demand Share Forecast, 2019-2026
11. Europe Autonomous Mining Equipment and Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Application
11.4.1. Metal
11.4.2. Coal
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Type
11.7.1 Autonomous Hauling/Mining Trucks
11.7.2. Autonomous Drilling Rigs
11.7.3. Underground LHD Loaders
11.7.4. Tunneling Equipment
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Autonomous Mining Equipment and Vehicles Demand Share, 2019-2026
12. Asia Pacific Autonomous Mining Equipment and Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Application
12.4.1. Metal
12.4.2. Coal
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Type
12.7.1. Autonomous Hauling/Mining Trucks
12.7.2. Autonomous Drilling Rigs
12.7.3. Underground LHD Loaders
12.7.4. Tunneling Equipment
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Autonomous Mining Equipment and Vehicles Demand Share, 2019-2026
13. Middle East & Africa Autonomous Mining Equipment and Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Application
13.4.1. Metal
13.4.2. Coal
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Autonomous Mining Equipment and Vehicles Market Size and Volume Forecast by Type
13.7.1. Autonomous Hauling/Mining Trucks
13.7.2. Autonomous Drilling Rigs
13.7.3. Underground LHD Loaders
13.7.4. Tunneling Equipment
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Autonomous Mining Equipment and Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Autonomous Mining Equipment and Vehicles Market: Market Share Analysis
14.2. Autonomous Mining Equipment and Vehicles Distributors and Customers
14.3. Autonomous Mining Equipment and Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Komatsu
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rockwell Automation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hitachi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sandvik
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hexagon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Atlas Copco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook