Market Overview:
The global mining automation equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for autonomous haul trucks, autonomous drilling rigs, underground LHD loaders and tunneling equipment in the mining industry. Additionally, the increasing adoption of these technologies by small-scale miners is also contributing to the growth of this market. However, factors such as high initial investment and lack of skilled workforce are restraining the growth of this market. Based on type, the global mining automation equipment market can be segmented into autonomous haul trucks, autonomous drilling rigs, underground LHD loaders and tunneling equipment. Autonomous haul trucks held a major share in 2017 and is expected to maintain its dominance during the forecast period owing to their ability to improve safety and efficiency while reducing costs associated with labor shortages and fuel consumption. Based on application, mine development held a major share in 2017 owing to increased spending by miners on new mines or expansions thereof across all regions studied in this research study.
Product Definition:
Mining automation equipment is a term used to describe the use of technology within the mining industry to automate various tasks. This can include using robotics for tasks such as loading and unloading trucks, surveying and mapping, or drilling and blasting. Automation equipment can improve safety and efficiency within mines, as well as help to reduce costs.
Autonomous Hauling/Mining Trucks:
Autonomous haulage/mining trucks are used to transport mining ores and other materials from one place to another in a mine. The whole process of transportation is carried out without any human intervention. These vehicles can operate completely autonomously, i.e., they can move themselves along the railway tracks or on-road with no driver inside.
The global autonomous haulage/mining trucks market size was valued at USD 1,078 million in 2018.
Autonomous Drilling Rigs:
Autonomous drilling rigs are used in the mining industry to carry out repetitive tasks of extracting minerals such as precious metals and coal. These autonomous drilling rigs are equipped with sensors, which help them perform the task of mineral extraction without any human intervention. The main aim of these systems is to reduce labor costs and improve operational efficiency by enabling machines or robots to extract minerals more efficiently than humans can.
Application Insights:
The application segment is segregated into mine development, mining process, and mine maintenance. The demand for automation equipment in the mine development segment dominated the overall market in 2017. This can be attributed to increasing focus on optimization of operations at various levels to enhance production efficiency and reduce operating costs. Moreover, rising adoption of autonomous haulage systems for long-distance transport of minerals from remote locations to processing facilities also plays a key role in increasing demand for such equipment across all regions.
Mine process automation has witnessed significant growth over the past few years owing to improved reliability, safety & health at work places along with enhanced productivity gains through optimized processes including material handling & conveyors as well as power generation & distribution among others. Such factors are expected to drive growth over the forecast period further driving major investments by companies engaged in metal mining activities globally which includes BHP Billiton Ltd., Vale SA., Rio Tinto Group PLC.
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 significant increase in automation activities owing to technological advancements, rising demand for consumer electronics, and increasing industrialization. Furthermore, China is anticipated to dominate the Asia Pacific regional market on account of low labor costs as well as high mineral extraction rates per unit area.
The North America regional market accounted for more than 20% of the overall revenue share in 2017 owing to an increase in spending on exploration & production activities across major mining states including Nevada (U.S.), Colorado (U.S.), and Utah (U.S.).
Growth Factors:
- Increasing demand for metals and minerals for manufacturing and construction purposes
- Rapid industrialization in developing countries
- Rising labor costs and the need to optimize mining operations
- Proliferation of automation technologies and their decreasing costs
- Stringent environmental regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Mining Automation Equipment Market Research Report
By Type
Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment
By Application
Mine Development, Mining Process, Mine Maintenance
By Companies
Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), Sandvik (Sweden), Autonomous Solutions Inc. (US), Hitachi (Japan), RPMGlobal Australia), Trimble (US), Fluidmesh Metworks (US), Atlas Copco (Sweden), Symboticware (Canada)
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Mining Automation Equipment Market Report Segments:
The global Mining Automation Equipment market is segmented on the basis of:
Types
Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment
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
Mine Development, Mining Process, Mine Maintenance
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:
- Atlas Copco (Sweden)
- Caterpillar (US)
- Hexagon (Sweden)
- Komatsu (Japan)
- Sandvik (Sweden)
- Autonomous Solutions Inc. (US)
- Hitachi (Japan)
- RPMGlobal Australia)
- Trimble (US)
- Fluidmesh Metworks (US)
- Atlas Copco (Sweden)
- Symboticware (Canada)
Highlights of The Mining Automation Equipment 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
- By Application:
- Mine Development
- Mining Process
- Mine Maintenance
- 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 Mining Automation Equipment 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?
Mining automation equipment is a system that helps miners with the task of extracting valuable minerals and metals from the ground. The machines use sensors to identify where resources are located, and then they use powerful motors to move heavy mining equipment around the site. This allows miners to extract more resources in less time, which leads to increased profits for companies that operate mining automation equipment.
Some of the key players operating in the mining automation equipment market are Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), Sandvik (Sweden), Autonomous Solutions Inc. (US), Hitachi (Japan), RPMGlobal Australia), Trimble (US), Fluidmesh Metworks (US), Atlas Copco (Sweden), Symboticware (Canada).
The mining automation equipment market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mining Automation Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mining Automation Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mining Automation Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mining Automation Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mining Automation Equipment Market Size & Forecast, 2020-2028
4.5.1 Mining Automation Equipment Market Size and Y-o-Y Growth
4.5.2 Mining Automation Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Autonomous Hauling/Mining Trucks
5.2.2 Autonomous Drilling Rigs
5.2.3 Underground LHD Loaders
5.2.4 Tunneling Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mine Development
6.2.2 Mining Process
6.2.3 Mine Maintenance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mining Automation Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mining Automation Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Autonomous Hauling/Mining Trucks
9.6.2 Autonomous Drilling Rigs
9.6.3 Underground LHD Loaders
9.6.4 Tunneling Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mine Development
9.10.2 Mining Process
9.10.3 Mine Maintenance
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Autonomous Hauling/Mining Trucks
10.6.2 Autonomous Drilling Rigs
10.6.3 Underground LHD Loaders
10.6.4 Tunneling Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mine Development
10.10.2 Mining Process
10.10.3 Mine Maintenance
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Autonomous Hauling/Mining Trucks
11.6.2 Autonomous Drilling Rigs
11.6.3 Underground LHD Loaders
11.6.4 Tunneling Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mine Development
11.10.2 Mining Process
11.10.3 Mine Maintenance
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Autonomous Hauling/Mining Trucks
12.6.2 Autonomous Drilling Rigs
12.6.3 Underground LHD Loaders
12.6.4 Tunneling Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mine Development
12.10.2 Mining Process
12.10.3 Mine Maintenance
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Autonomous Hauling/Mining Trucks
13.6.2 Autonomous Drilling Rigs
13.6.3 Underground LHD Loaders
13.6.4 Tunneling Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mine Development
13.10.2 Mining Process
13.10.3 Mine Maintenance
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mining Automation Equipment Market: Competitive Dashboard
14.2 Global Mining Automation Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco (Sweden)
14.3.2 Caterpillar (US)
14.3.3 Hexagon (Sweden)
14.3.4 Komatsu (Japan)
14.3.5 Sandvik (Sweden)
14.3.6 Autonomous Solutions Inc. (US)
14.3.7 Hitachi (Japan)
14.3.8 RPMGlobal Australia)
14.3.9 Trimble (US)
14.3.10 Fluidmesh Metworks (US)
14.3.11 Atlas Copco (Sweden)
14.3.12 Symboticware (Canada)
