Selbyville, DE -- (SBWIRE) -- 10/29/2018 -- Market Study Report recently introduced new title on "2018-2023 Global Mining Automation Market Report" that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

This report presents a comprehensive overview, market shares, and growth opportunities of Mining Automation Market by product type, application, key manufacturers and key regions. Over the next five years, Mining Automation will register a 4.1% CAGR in terms of revenue, reach US$ 3200 million by 2023, from US$ 2510 million in 2017.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Caterpillar, Sandvik, Atlas Copco, Komatsu, ABB, Hitachi, Hexagon, Rockwell, Micromine.

Automated mining involves the removal of human labor from the mining process. The mining industry is in the transition towards automation. It can still require a large amount of human capital, particularly in the developing world where labor costs are low so there is less incentive for increasing efficiency. Automated mining is an umbrella term that refers to two types of technology. The first type of mining automation deals with process and software automation; the second type deals with applying robotic technology to mining vehicles and equipment.

For industry structure analysis, the Mining Automation industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 58% of the revenue market. Regionally, Europe is the biggest production value area of valves, also the leader in the whole Mining Automation industry.

Europe occupied 31.64% of the revenue market in 2016. It is followed by North America and Asia-Pacific, which respectively account for around 28.57% and 24.20% of the global total industry. Other countries have a smaller amount of revenue market share. Geographically, North America was the largest sales value market in the world, which took about 30.47% of the market in 2016.

For cost trend analysis, a key variable in the performance of Mining Automation producers is raw material costs, specifically the speed at which any increase can be passed through to customers.

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Segmentation by product type:
Underground Mining Automation
Surface Mining Automation

Segmentation by application:
Metal Mining
Mineral Mining
Coal Mining
Other

Research objectives:

To study and analyze the global Mining Automation consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Mining Automation market by identifying its various subsegments.

Focuses on the key global Mining Automation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Mining Automation by Players
4 Mining Automation by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Mining Automation Market Forecast
12 Key Players Analysis

Related Report:

Global Mining Automation Market by Manufacturers, Countries, Type and Application, Forecast to 2022

Automated mining involves the removal of human labor from the mining process. The mining industry is in the transition towards automation. It can still require a large amount of human capital, particularly in the developing world where labor costs are low so there is less incentive for increasing efficiency. Automated mining is an umbrella term that refers to two types of technology. The first type of mining automation deals with process and software automation; the second type deals with applying robotic technology to mining vehicles and equipment.

https://www.marketstudyreport.com/reports/global-mining-automation-market-by-manufacturers-countries-type-and-application-forecast-to-2022?utm_source=RR-AN

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