Global Mining Automation Market Expected to Reach $3,810 Million by 2023, Growing at a CAGR 7.9%
PORTLAND, OREGON, UNITED STATES, September 16, 2020 /EINPresswire.com/ — Mining automation involves use of process and software automation, and incorporation of robotic technology in mining vehicles and automation. In 2016, the underground mining segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure.
According to a new report by Allied Market Research, titled, Global Mining Automation Market by Technique and Type: Global Opportunities Analysis and Industry Forecast, 2020-2027, the mining automation marketis expected to grow at a CAGR of 7.9%. In 2019, the underground mining segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure.
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The report provides a detailed study of the global Mining Automation Market covering a number of important aspects such as current market scenario, estimates, top investment pockets, recent trends, changing dynamics, and vibrant forces of the industry from 2020 to 2027 to identify the underlying opportunities. The report gives much focus on the prospects that may transpire in the near future and provide a significant boost to the overall market growth.
The report also covers the drivers that are playing a substantial role in fueling the market growth. At the same time, restraining factors that are expected to obstruct or hold the growth of the industry are also presented by our expert analysts in order to provide the key market players with a detailed scenario of the future threats in advance.
The report offers exhaustive and thorough insights into each of the prominent end user domains along with actual forecasts till the year 2027. In-depth study of the market size and its detailed segmentation help determine the prevalent Mining Automation Market market opportunities. The major countries in each region are mapped according to their revenue waves in the market. The leading market players in the industry are profiled, and their adopted slants & strategies are analyzed meticulously, which predict the competitive outlook of the Mining Automation Market market.
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Regions that are covered in the market report include North America (United States, Canada and Mexico), South America (Brazil, Argentina, Colombia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). The report presents a detailed scenario of the market in each province.
Some ruling enterprises in the global Mining Automation Market market are examined in the report along with the citation of product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The players operating in the global Mining Automation Market market include Autonomous Solution Inc., Atlas Copco, Caterpillar, Hexagon, Hitachi, Komatsu Ltd., Mine site technologies, RPMGlobal Holdings Ltd., Sandvik AB, and Trimble.
Moreover, Porter’s five forces analytical pattern exhibits the assertiveness of the market by assessing several parameters including threats of alternatives, strength of the suppliers, and choice of the buyers operating in the industry.
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KEY FINDINGS OF THE STUDY
The underground mining segment accounted for the highest share in 2019.
Equipment segment generated the highest revenue in 2019.
Asia-Pacific is expected to dominate the market, in terms of market share, during the forecast period.
1. The market report offers an all-inclusive analysis of the value chain, changing market trends, major segments, Porter’s Five Forces study, business performance of the leading market players, and competitive landscape in a number of regions across the globe.
2. Porter’s Five Forces analysis focuses on the detailed breakdown of the report highlighting the growing segments that help industrialists come up with useful tactics & approaches to capitalize on the profitable sections.
3. Key investment pockets and current market setups are underlined in the research.
4. The Mining Automation Market market report covers the major states in each province and highlights their revenue contribution as well.
5. Last but not the least; the market report also doles out a demonstration of the active industry leaders.
Highlights of the Report:
1. Detailed and exhaustive evaluation of the Mining Automation Market market.
2. Accrued revenues from each segment of the market by from 2020 to 2027.
3. Drivers, restraints, and opportunities in the industry.
4. Approaches embraced by the key market players.
5. Provinces that would create multiple opportunities for the key players in the industry.
6. Current scope and trends of the Mining Automation Market market.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Source: EIN Presswire