Global Underground Mining Equipment Market to grow at a CAGR of 4.04% during 2014 - 2019; Finds New Report

Report forecast the global underground mining equipment market to grow at a CAGR of 4.04% over the period 2014-2019.

Mining equipment such as trucks, dozers, drillers, hydraulic pumps, conveyor belts, and compressors are used to extract natural resources like metals, coal, and minerals (including iron ore, titanium, and bauxite).

Underground mining involves mineral production by extracting natural resources from beneath the earth’s surface. The mining methods required for underground extraction are selected based on parameters such as geographical conditions, spatial and geometric characteristics, economic value of ore, estimated operational costs, and availability of raw materials.

Global Underground Mining Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, growth in the construction industry, stemming from the widespread infrastructure development initiatives worldwide, is a driving force for cement industry. The cement industry growth has paved the way for coal mining activities. China is the largest cement producer in the world, and dominated the industry in 2014. Coal is an important raw material for cement production, as nearly 210 kg of coal is required to produce one ton of cement.

Key regions

• Americas
• APAC
• EMEA

Key players in the Global Underground Mining Equipment Market:  Caterpillar, Joy Global, Komatsu and Sandvik

Other Prominent Vendors in the market are: Boart Longyear, Doosan Infracore, Eickhoff, FLSmidth, Kennametal, Hitachi Construction Machinery, Liebherr-International, Metso, ThyssenKrupp, and Volvo.

Market driver

• Growing demand from coal mining industry
• For a full, detailed list, view our report

Market challenge

• Stringent government regulations
• For a full, detailed list, view our report

Market trend

• Optimizing efficiency using energy-efficient underground mining equipment
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 127 pages “Global Underground Mining Equipment Market 2015-2019” report covers Executive Summary, Scope of the Report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Market segmentation by types of mining extraction, Market segmentation by geography, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix

For further information on this report, please visit- http://mrr.cm/oAt

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