Market Overview:
The global powered support market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for powered support in high mining height mining, top coal caving mining, and fully mechanized mining applications. Additionally, the growing demand for electric vehicles is also expected to fuel the growth of the global powered support market during the forecast period. On the basis of type, chock support held a major share of the global powered support market in 2017.
Product Definition:
Powered support is a device used to provide assistance to individuals with limited strength or mobility. Powered supports can be used to provide assistance in standing, sitting, or transferring from one surface to another. They are often used by people who have difficulty with balance, coordination, or strength.
Chock Support:
Chock support is a device used to support the drive shaft of a vehicle in order to prevent it from vibration and shock damage. The product works as an anti-vibration mount, which helps in stabilizing the vehicle at high speeds. It also prevents the transmission of shocks through the drivetrain by absorbing some of them.
The market for chock support is expected to witness significant growth over the forecast period owing to factors such as increasing demand for electric vehicles.
Shield Support:
Shield support is a device used to provide electrical connectivity and mechanical stability to the electronic components in powered support systems. It helps in providing shielding for various parts of EPS, including power supply units, main boards, and heat sinks. The shield supports are available with different configurations such as straight through or co-axial cables that can be customized according to customer requirements.
Application Insights:
High mining height mining application led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The use of powered supports has become necessary while extracting minerals such as copper, silver, and gold from deep within the earth's crusts owing to their increasing demand from various end-use industries such as electrical & electronics, construction materials, and consumer durables.
The fully mechanized mining application segment is expected to witness significant growth over the forecast period owing to its ability to reduce labor costs by more than 50%. Fully mechanized mines are equipped with advanced technologies that automate almost every aspect of a mine¢â‚¬â„¢s operations including rock breaking process along with material handling equipment for easy transport of extracted minerals.
Regional Analysis:
North America dominated the global powered support market in 2017. The region is expected to witness a growth rate of 4.8% over the forecast period, owing to an increase in mechanized and non-mechanized coal mining activities across U.S., Canada, and Mexico on account of rising demand for energy resources from end-users such as residential, commercial, industrial sectors etc.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to increasing mechanized & non-mechanized coal mining activities coupled with rapidly developing economies such as China.
Growth Factors:
- Increasing demand for customer support and technical assistance services from small and medium businesses (SMBs)
- Rapid growth of cloud-based services and the need for accompanying support
- Proliferation of mobile devices and apps, which leads to more customer service issues that need to be addressed
- Greater emphasis on customer experience by businesses, resulting in a higher demand for quality support services
- Shift from traditional help desk models to more modern chatbot-based support systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Powered Support Market Research Report
By Type
Chock Support, Shield Support, Chock Shield Support
By Application
High Mining Height Mining, Top Coal Caving Mining, Fully Mechanized Mining
By Companies
Joy Global, Caterpillar, Becker Mining, Nepean, Famur, Kopex, Tiandi Science & Technology, Zhengzhou Coal Mining Machinery Group, Beijing Coal Mining Machinery, Pingdingshan PMJ Coal Mine Machinery Equipment, Chongqing Dajiang XinDa vehicle, Shanxi Pingyang Industry Machinery, Shandong Tiansheng Coal Mine Equipment, Shandong Mining Machinery Group
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Powered Support Market Report Segments:
The global Powered Support market is segmented on the basis of:
Types
Chock Support, Shield Support, Chock Shield Support
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
High Mining Height Mining, Top Coal Caving Mining, Fully Mechanized Mining
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:
- Joy Global
- Caterpillar
- Becker Mining
- Nepean
- Famur
- Kopex
- Tiandi Science & Technology
- Zhengzhou Coal Mining Machinery Group
- Beijing Coal Mining Machinery
- Pingdingshan PMJ Coal Mine Machinery Equipment
- Chongqing Dajiang XinDa vehicle
- Shanxi Pingyang Industry Machinery
- Shandong Tiansheng Coal Mine Equipment
- Shandong Mining Machinery Group
Highlights of The Powered Support 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:
- Chock Support
- Shield Support
- Chock Shield Support
- By Application:
- High Mining Height Mining
- Top Coal Caving Mining
- Fully Mechanized Mining
- 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 Powered Support 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Powered Support is a service that helps businesses with their technology needs. Powered Support can provide you with the resources and support you need to keep your technology up-to-date and running smoothly. They can also help troubleshoot any issues that may arise, so you can stay productive and on track.
Some of the major players in the powered support market are Joy Global, Caterpillar, Becker Mining, Nepean, Famur, Kopex, Tiandi Science & Technology, Zhengzhou Coal Mining Machinery Group, Beijing Coal Mining Machinery, Pingdingshan PMJ Coal Mine Machinery Equipment, Chongqing Dajiang XinDa vehicle, Shanxi Pingyang Industry Machinery, Shandong Tiansheng Coal Mine Equipment, Shandong Mining Machinery Group.
The powered support market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Powered Support 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. Powered Support Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Powered Support Market - Supply Chain
4.5. Global Powered Support Market Forecast
4.5.1. Powered Support Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Powered Support Market Size (000 Units) and Y-o-Y Growth
4.5.3. Powered Support Market Absolute $ Opportunity
5. Global Powered Support 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. Powered Support Market Size and Volume Forecast by Type
5.3.1. Chock Support
5.3.2. Shield Support
5.3.3. Chock Shield Support
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Powered Support 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. Powered Support Market Size and Volume Forecast by Application
6.3.1. High Mining Height Mining
6.3.2. Top Coal Caving Mining
6.3.3. Fully Mechanized Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Powered Support 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. Powered Support 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 Powered Support 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. Powered Support 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 Powered Support Demand Share Forecast, 2019-2026
9. North America Powered Support 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 Powered Support 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 Powered Support Market Size and Volume Forecast by Application
9.4.1. High Mining Height Mining
9.4.2. Top Coal Caving Mining
9.4.3. Fully Mechanized Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Powered Support Market Size and Volume Forecast by Type
9.7.1. Chock Support
9.7.2. Shield Support
9.7.3. Chock Shield Support
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 Powered Support Demand Share Forecast, 2019-2026
10. Latin America Powered Support 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 Powered Support 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 Powered Support Market Size and Volume Forecast by Application
10.4.1. High Mining Height Mining
10.4.2. Top Coal Caving Mining
10.4.3. Fully Mechanized Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Powered Support Market Size and Volume Forecast by Type
10.7.1. Chock Support
10.7.2. Shield Support
10.7.3. Chock Shield Support
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 Powered Support Demand Share Forecast, 2019-2026
11. Europe Powered Support 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 Powered Support 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 Powered Support Market Size and Volume Forecast by Application
11.4.1. High Mining Height Mining
11.4.2. Top Coal Caving Mining
11.4.3. Fully Mechanized Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Powered Support Market Size and Volume Forecast by Type
11.7.1. Chock Support
11.7.2. Shield Support
11.7.3. Chock Shield Support
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
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Powered Support Demand Share, 2019-2026
12. Asia Pacific Powered Support 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 Powered Support 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 Powered Support Market Size and Volume Forecast by Application
12.4.1. High Mining Height Mining
12.4.2. Top Coal Caving Mining
12.4.3. Fully Mechanized Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Powered Support Market Size and Volume Forecast by Type
12.7.1. Chock Support
12.7.2. Shield Support
12.7.3. Chock Shield Support
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 Powered Support Demand Share, 2019-2026
13. Middle East & Africa Powered Support 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 Powered Support 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 Powered Support Market Size and Volume Forecast by Application
13.4.1. High Mining Height Mining
13.4.2. Top Coal Caving Mining
13.4.3. Fully Mechanized Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Powered Support Market Size and Volume Forecast by Type
13.7.1. Chock Support
13.7.2. Shield Support
13.7.3. Chock Shield Support
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 Powered Support Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Powered Support Market: Market Share Analysis
14.2. Powered Support Distributors and Customers
14.3. Powered Support Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Joy Global
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Caterpillar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Becker Mining
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nepean
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Famur
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kopex
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tiandi Science & Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhengzhou Coal Mining Machinery Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Beijing Coal Mining Machinery
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pingdingshan PMJ Coal Mine Machinery Equipment
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chongqing Dajiang XinDa vehicle
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shanxi Pingyang Industry Machinery
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shandong Tiansheng Coal Mine Equipment
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shandong Mining Machinery Group
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
