Dublin, Nov. 06, 2018 (GLOBE NEWSWIRE) -- The "Global Mining Equipment Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The growing use of advanced technologies with conventional systems will allow the mining equipment market to register a CAGR of more than 7% by 2022.

Various technological advancements such as automation and artificial intelligence have been gaining traction in the mining industry. Owing to the increased need for improving the operational efficiency among the mining companies, manufacturers of mining equipment are focusing on incorporating modern technologies such as AI.

Market Overview

Growing environmental concerns and rising deforestation has been alarming the mining industry players, resulting in the increased use of clean energy products. Such adoption of clean energy products will further proliferate the need for metals and minerals obtained from the rigorous use of several mining equipment. This will further augment the market's growth in the forthcoming years.

Threat of cyber-attacks in mining technology

The use of software solutions and technologies such as Internet of Things may result in data and financial theft as well as loss of control over equipment. Such threats of cyber-attacks may hamper the market's growth during the forecast period.

Competitive Landscape

The market appears to be concentrated owing to the presence of the few mining equipment manufacturers such as Metso, Caterpillar, and Komatsu. The market players are continuously focusing on adopting modern technologies for improving the quality of mining equipment used for different purposes in coal mining, metal mining, and mineral mining.

The latest trend gaining momentum in the market is the rising adoption of automation and Artificial Intelligence in mining. The use of these technologies will help the mining equipment or machines for ensuring seamless operations.

According to the report, one of the major drivers for this market is the growing mining activity owing to the rising demand for mining equipment for extracting minerals and metals for clean energy products.

Further, the report states that one of the major factors hindering the growth of this market is the rising threats of cyber-attacks in mining technology. The use of software solutions for creating operational plans and mine designs might lead to data theft, in turn, impacting the market's growth adversely.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

• Segmentation by product
• Comparison by product
• Surface mining equipment - Market size and forecast 2017-2022
• Underground mining equipment - Market size and forecast 2017-2022
• Crushing, pulverizing, and screening equipment - Market size and forecast 2017-2022
• Mining drills and breakers - Market size and forecast 2017-2022
• Mineral processing machinery - Market size and forecast 2017-2022
• Others - Market size and forecast 2017-2022
• Market opportunity by product

PART 08: MARKET SEGMENTATION BY APPLICATION

• Segmentation by application
• Comparison by application
• Coal mining - Market size and forecast 2017-2022
• Metal mining - Market size and forecast 2017-2022
• Mineral mining - Market size and forecast 2017-2022
• Market opportunity by application

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• APAC - Market size and forecast 2017-2022
• Americas - Market size and forecast 2017-2022
• EMEA - Market size and forecast 2017-2022
• Key leading countries
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

• Rising adoption of automation and AI in mining
• Increasing use of drones in mine surveillance systems
• Rising adoption of mobile technology and IoT

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitor landscape

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Atlas Copco
• Caterpillar
• Komatsu
• Metso
• Sandvik

PART 16: LIST OF ABBREVIATIONS

For more information about this report visit https://www.researchandmarkets.com/research/n9kg5w/global_mining?w=12

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Related Topics: Mining Equipment 

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