With the slowdown in world economic growth, the Underground Mining Automation industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Underground Mining Automation market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Underground Mining Automation market size will be further expanded, we expect that by 2023, The market size of the Underground Mining Automation will reach XXX million $.
Mining automation involves the automated removal of manual labor out of the mining operation. The mining industry is gradually transitioning towards automated mining techniques. It still will require a substantial amount of manual labor, especially in the developing countries where labor costs aren't so affordable, and therefore there's less incentive to increase efficiency through other means.
Self-driving trucks are one of the more advanced forms of mining automation, which has been used to transport mining equipment between mining sites. This method is sometimes combined with robotic trucks or autonomous trucks with artificial intelligence to allow for a more complete mining operation. The combination of two or more types of mining automation technologies provides the best overall match for the mine environment. Increasing production and efficiency at the same time will help mining companies save money on overhead and operational costs while improving profitability.
Market Dynamics
Increasing labor cost is expected to propel growth of the global underground mining automation market over the forecast period. For instance, according to Eurostat press release in April 2019, in 2018, hourly labor costs in the whole economy expressed in € rose by 2.7% in the EU and by 2.2% in the euro area compared to 2017, with Latvia (+12.9%), Lithuania (+10.4%), Estonia, and Slovakia (both +6.8%) witnessing the highest increase.
Significant growth in the construction and infrastructure sector is expected to offer lucrative growth of the global underground mining automation market. For instance, according to the data released by the Associated General Contractors of America in January 2020, construction expenditure in the U.S. increased 4.1% from November 2018 to November 2019. Moreover, with both small and large customers looking to protect their operations from future disruptions due to the Covid-19 epidemic, the demand for miming automation is expected to surge. Globally, as of 10:39am CEST, 26 May 2021, there have been 167,423,479 confirmed cases of COVID-19, including 3,480,480 deaths, reported to WHO.
Key Takeaways
- Increasing adoption of mining automation is expected to propel growth of the global underground mining automation market over the forecast period. For instance, in May 2021, Codelco, Chile-based copper producer, partnered with Microsoft to fast-track the digitization of its sprawling mining operations, helping it extend automation and improve analytics.
- Major players operating in the global underground mining automation market include Caterpillar, Inc., Sandvik, Atlas Copco, Komatsu, ABB Ltd., Hitachi Corporation, Hexagon, Rockwell Automation, Micromine, Volvo Group, Trimble, Remote Control Technologies, and Mine Site Technologies
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Caterpillar
Sandvik
Atlas Copco
Komatsu
ABB
Hitachi
Hexagon
Rockwell
Micromine
Volvo Group
Trimble
Remote Control Technologies
Mine Site Technologies
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Equipment
Software
Communication System
Industry Segmentation
Metal Mining
Mineral Mining
Coal Mining
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
Table of Contents
Section 1 Underground Mining Automation Product Definition
Section 2 Global Underground Mining Automation Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Underground Mining Automation Shipments
2.2 Global Manufacturer Underground Mining Automation Business Revenue
2.3 Global Underground Mining Automation Market Overview
Section 3 Manufacturer Underground Mining Automation Business Introduction
3.1 Caterpillar Underground Mining Automation Business Introduction
3.1.1 Caterpillar Underground Mining Automation Shipments, Price, Revenue and Gross profit 2014-2018
3.1.2 Caterpillar Underground Mining Automation Business Distribution by Region
3.1.3 Caterpillar Interview Record
3.1.4 Caterpillar Underground Mining Automation Business Profile
3.1.5 Caterpillar Underground Mining Automation Product Specification
3.2 Sandvik Underground Mining Automation Business Introduction
3.2.1 Sandvik Underground Mining Automation Shipments, Price, Revenue and Gross profit 2014-2018
3.2.2 Sandvik Underground Mining Automation Business Distribution by Region
3.2.3 Interview Record
3.2.4 Sandvik Underground Mining Automation Business Overview
3.2.5 Sandvik Underground Mining Automation Product Specification
3.3 Atlas Copco Underground Mining Automation Business Introduction
3.3.1 Atlas Copco Underground Mining Automation Shipments, Price, Revenue and Gross profit 2014-2018
3.3.2 Atlas Copco Underground Mining Automation Business Distribution by Region
3.3.3 Interview Record
3.3.4 Atlas Copco Underground Mining Automation Business Overview
3.3.5 Atlas Copco Underground Mining Automation Product Specification
3.4 Komatsu Underground Mining Automation Business Introduction
3.5 ABB Underground Mining Automation Business Introduction
3.6 Hitachi Underground Mining Automation Business Introduction
…
Section 4 Global Underground Mining Automation Market Segmentation (Region Level)
4.1 North America Country
4.1.1 United States Underground Mining Automation Market Size and Price Analysis 2014-2018
4.1.2 Canada Underground Mining Automation Market Size and Price Analysis 2014-2018
4.2 South America Country
4.2.1 South America Underground Mining Automation Market Size and Price Analysis 2014-2018
4.3 Asia Country
4.3.1 China Underground Mining Automation Market Size and Price Analysis 2014-2018
4.3.2 Japan Underground Mining Automation Market Size and Price Analysis 2014-2018
4.3.3 India Underground Mining Automation Market Size and Price Analysis 2014-2018
4.3.4 Korea Underground Mining Automation Market Size and Price Analysis 2014-2018
4.4 Europe Country
4.4.1 Germany Underground Mining Automation Market Size and Price Analysis 2014-2018
4.4.2 UK Underground Mining Automation Market Size and Price Analysis 2014-2018
4.4.3 France Underground Mining Automation Market Size and Price Analysis 2014-2018
4.4.4 Italy Underground Mining Automation Market Size and Price Analysis 2014-2018
4.4.5 Europe Underground Mining Automation Market Size and Price Analysis 2014-2018
4.5 Other Country and Region
4.5.1 Middle East Underground Mining Automation Market Size and Price Analysis 2014-2018
4.5.2 Africa Underground Mining Automation Market Size and Price Analysis 2014-2018
4.5.3 GCC Underground Mining Automation Market Size and Price Analysis 2014-2018
4.6 Global Underground Mining Automation Market Segmentation (Region Level) Analysis 2014-2018
4.7 Global Underground Mining Automation Market Segmentation (Region Level) Analysis
Section 5 Global Underground Mining Automation Market Segmentation (Product Type Level)
5.1 Global Underground Mining Automation Market Segmentation (Product Type Level) Market Size 2014-2018
5.2 Different Underground Mining Automation Product Type Price 2014-2018
5.3 Global Underground Mining Automation Market Segmentation (Product Type Level) Analysis
Section 6 Global Underground Mining Automation Market Segmentation (Industry Level)
6.1 Global Underground Mining Automation Market Segmentation (Industry Level) Market Size 2014-2018
6.2 Different Industry Price 2014-2018
6.3 Global Underground Mining Automation Market Segmentation (Industry Level) Analysis
Section 7 Global Underground Mining Automation Market Segmentation (Channel Level)
7.1 Global Underground Mining Automation Market Segmentation (Channel Level) Sales Volume and Share 2014-2018
7.2 Global Underground Mining Automation Market Segmentation (Channel Level) Analysis
Section 8 Underground Mining Automation Market Forecast 2018-2023
8.1 Underground Mining Automation Segmentation Market Forecast (Region Level)
8.2 Underground Mining Automation Segmentation Market Forecast (Product Type Level)
8.3 Underground Mining Automation Segmentation Market Forecast (Industry Level)
8.4 Underground Mining Automation Segmentation Market Forecast (Channel Level)
Section 9 Underground Mining Automation Segmentation Product Type
9.1 Equipment Product Introduction
9.2 Software Product Introduction
9.3 Communication System Product Introduction
Section 10 Underground Mining Automation Segmentation Industry
10.1 Metal Mining Clients
10.2 Mineral Mining Clients
10.3 Coal Mining Clients
Section 11 Underground Mining Automation Cost of Production Analysis
11.1 Raw Material Cost Analysis
11.2 Technology Cost Analysis
11.3 Labor Cost Analysis
11.4 Cost Overview
Section 12 Conclusion
Chart and Figure
Figure Underground Mining Automation Product Picture from Caterpillar
Chart 2014-2018 Global Manufacturer Underground Mining Automation Shipments (Units)
Chart 2014-2018 Global Manufacturer Underground Mining Automation Shipments Share
Chart 2014-2018 Global Manufacturer Underground Mining Automation Business Revenue (Million USD)
Chart 2014-2018 Global Manufacturer Underground Mining Automation Business Revenue Share
Chart Caterpillar Underground Mining Automation Shipments, Price, Revenue and Gross profit 2014-2018
Chart Caterpillar Underground Mining Automation Business Distribution
Chart Caterpillar Interview Record (Partly)
Figure Caterpillar Underground Mining Automation Product Picture
Chart Caterpillar Underground Mining Automation Business Profile
Table Caterpillar Underground Mining Automation Product Specification
Chart Sandvik Underground Mining Automation Shipments, Price, Revenue and Gross profit 2014-2018
Chart Sandvik Underground Mining Automation Business Distribution
Chart Sandvik Interview Record (Partly)
Figure Sandvik Underground Mining Automation Product Picture
Chart Sandvik Underground Mining Automation Business Overview
Table Sandvik Underground Mining Automation Product Specification
Chart Atlas Copco Underground Mining Automation Shipments, Price, Revenue and Gross profit 2014-2018
Chart Atlas Copco Underground Mining Automation Business Distribution
Chart Atlas Copco Interview Record (Partly)
Figure Atlas Copco Underground Mining Automation Product Picture
Chart Atlas Copco Underground Mining Automation Business Overview
Table Atlas Copco Underground Mining Automation Product Specification
3.4 Komatsu Underground Mining Automation Business Introduction
…
Chart United States Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart United States Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Canada Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Canada Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart South America Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart South America Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart China Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart China Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Japan Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Japan Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart India Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart India Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Korea Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Korea Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Germany Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Germany Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart UK Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart UK Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart France Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart France Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Italy Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Italy Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Europe Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Europe Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Middle East Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Middle East Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Africa Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart Africa Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart GCC Underground Mining Automation Sales Volume (Units) and Market Size (Million $) 2014-2018
Chart GCC Underground Mining Automation Sales Price ($/Unit) 2014-2018
Chart Global Underground Mining Automation Market Segmentation (Region Level) Sales Volume 2014-2018
Chart Global Underground Mining Automation Market Segmentation (Region Level) Market size 2014-2018
Chart Underground Mining Automation Market Segmentation (Product Type Level) Volume (Units) 2014-2018
Chart Underground Mining Automation Market Segmentation (Product Type Level) Market Size (Million $) 2014-2018
Chart Different Underground Mining Automation Product Type Price ($/Unit) 2014-2018
Chart Underground Mining Automation Market Segmentation (Industry Level) Market Size (Volume) 2014-2018
Chart Underground Mining Automation Market Segmentation (Industry Level) Market Size (Share) 2014-2018
Chart Underground Mining Automation Market Segmentation (Industry Level) Market Size (Value) 2014-2018
Chart Global Underground Mining Automation Market Segmentation (Channel Level) Sales Volume (Units) 2014-2018
Chart Global Underground Mining Automation Market Segmentation (Channel Level) Share 2014-2018
Chart Underground Mining Automation Segmentation Market Forecast (Region Level) 2018-2023
Chart Underground Mining Automation Segmentation Market Forecast (Product Type Level) 2018-2023
Chart Underground Mining Automation Segmentation Market Forecast (Industry Level) 2018-2023
Chart Underground Mining Automation Segmentation Market Forecast (Channel Level) 2018-2023
Chart Equipment Product Figure
Chart Equipment Product Advantage and Disadvantage Comparison
Chart Software Product Figure
Chart Software Product Advantage and Disadvantage Comparison
Chart Communication System Product Figure
Chart Communication System Product Advantage and Disadvantage Comparison
Chart Metal Mining Clients
Chart Mineral Mining Clients
Chart Coal Mining Clients
Request Discount 
Inquire Before Buy
