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Asia Pacific Underground Mining Equipment Market By Application (Coal, Minerals And Metal), By Type (Mining Scalers, Continuous Miners, LHD (Load, Haul And Dump), Underground Trucks, Underground Mining Drills, Personnel Carrier, Scissor Lift, Shotcreter, Transmixers) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

The demand for underground mining equipment in the Asia Pacific is greatly influenced by depleting surface mineral reserves and an increasing number of mining activities in countries including China, Australia, and India. According to a recent study released by the United Nations Environment Programme (UNEP), China represents the world’s biggest consumer of primary materials, including minerals and metal ores.

By 2013, China had also become the world’s leading producer of over 20 metals and minerals, including aluminum, coal, cement, iron, steel, graphite, gold, lead, magnesium, rare earth, and zinc. For most other mineral commodities, the country ranks among the top three producers. The country’s per capita consumption of minerals and metal ores was also over 150% of the world average in 2015, which was a result of mammoth investment in public infrastructure and the manufacturing sector. The metal and mineral resources that have fed this growth have come mostly from domestic underground reserves, thereby indicating a rise in underground mining activities in the country.

This market research study includes a comprehensive analysis of market drivers and inhibiting factors related to the underground mining equipment industry in Asia Pacific. The research report also includes current and future market trends in the Asia Pacific as well as regional underground mining equipment markets.

The report also includes exhaustive information on technology development, pricing, and demand-supply trends related to underground mining equipment. The report also covers high-level analysis included in the report, such as industry competitive assessment, value chain analysis, impact analysis, and attractiveness analysis, which helps market players and trade partners across the value chain identify key opportunities in the industry and formulate their strategies.

Furthermore, the study provides market estimates and forecasts for various types of underground mining equipment, as well as market sizes in terms of volume (number of units sold) and revenue (US$ Bn). The underground equipment market is classified by equipment type and application, and estimates and forecasts are provided for each of these segments.

The report also includes a cross-sectional analysis of major countries in the region, i.e., the size of the Chinese market by equipment type and application. This study includes historic market size (2013 and 2014), a market estimate (2015), and a forecast for the period 2016–2023 in terms of volume and revenue. The report also includes market estimates and forecasts for the underground mining equipment market in major countries.

The report includes profiles of major players in the Asia-Pacific underground mining equipment industry. Company profiles include detailed information about business strategies, product portfolios, recent developments, and the regional positioning of these manufacturers. The report also provides an in-depth analysis of the market competition and the positioning of key market players, along with their winning strategies.

The Asia-Pacific underground mining equipment market is classified into the following categories:

By Equipment Type

  • Mining scalers
  • Continuous miners
  • LHD (load, Haul, and dump)
  • Underground trucks
  • Underground mining drills
  • Personnel carrier
  • Scissor lift
  • Shotcrete
  • Transmixers

By Application

  • Coal
  • Metal
  • Minerals

By Country

  • China
  • Australia
  • India
  • Indonesia
  • Thailand
  • Vietnam
  • Malaysia
  • Myanmar
  • Philippines
  • Rest of Asia Pacific

On the basis of application, the Asia-Pacific underground mining equipment market is classified into the following categories:

  • Coal Mining
  • Metal Mining
  • Mineral Mining

In Asia Pacific, the underground equipment market is dominated by coal mining. The revenue share of the segment stood at 40.5% in the base year 2015. The trend is expected to continue as the segment is expected to maintain its lead by 2023. The growth in the segment is expected to be sustained by the regulated demand and consequent rise in coal production.

Coal remains one of the most important sources of energy in Asia. Thus, coal mining is crucial to energy production and safeguarding the long-term energy security of countries in the region. Increasing coal mining activities in the Asia Pacific are a result of growing urbanization and a resurgence in the manufacturing sector, which uses coal as a source of energy. China, India, and Australia being major coal producers globally, are expected to invest a significant amount in advanced machinery to increase their production.

Based on equipment type, the underground mining equipment market in the Asia Pacific is categorized into the following key segments:

  • Mining scalers
  • Continuous miners
  • LHD (load, Haul, and dump)
  • Underground trucks
  • Underground mining drills
  • Personnel carrier
  • Scissor lift
  • Shotcrete
  • Transmixers

In terms of revenue, continuous miners were the most profitable product segment in 2015. Mechanization of underground mining, especially in emerging Asia-Pacific countries, is expected to drive the demand for continuous miners that continuously load ore onto a conveyor while simultaneously extracting ore using a cutting steel drum.

However, LHDs outnumbered every other equipment variant in terms of unit shipments in the same year. Load, Haul, and Dump trucks, or LHDs, that are highly rugged and designed to operate in extreme conditions are expected to witness strong growth with the increase in the number of hard rock mines in Asia Pacific. The trend shall prolong as these segments will retain their leading position throughout the forecast period of 2016–2023. Mining drillers that are required to drill a passage through the face of mines so as to facilitate further mining processes are expected to witness the fastest growth in unit shipments, growing at a CAGR of 7.4% during the forecast period of 2016–2023.

The Asia Pacific underground mining equipment market is classified into the following countries and regions:

  • China
  • Australia
  • India
  • Indonesia
  • Thailand
  • Vietnam
  • Malaysia
  • Myanmar
  • Philippines
  • Rest of Asia Pacific

China represents the largest underground equipment market in Asia-Pacific in terms of both revenue and unit shipments. The revenue and volume share of China stood at 61.7% and 61.6%, respectively, in the base year 2015. Given a long history of excellence in optimizing mineral resource extraction with state-of-the-art equipment and implementing stringent environmental and safety regulations, Australia finds itself as one of the global leaders in sustainable underground mining.

For instance, Cadia East Gold Mine, the largest underground mine in Australia, has been opened for operation recently (2014). Thus, Australia’s mining sector is well developed, with strong adoption of state-of-the-art equipment, large mineral reserves, and skilled personnel. The contribution of India to the Asia-Pacific underground mining equipment market has been inconsistent in the past few years. This is due in large part to inadequate infrastructure facilities and the very low inflow of FDI in the mining sector. As a result, the potential of underground mining in the country is yet to be fully exploited.

Frequently Asked Questions:

The market for Asia Pacific Underground Mining Equipment Market is expected to reach US$ 18 Bn By 2023.

The Asia Pacific Underground Mining Equipment Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016 to 2023.

The base year of this report is 2015.

Atlas Copco AB, Caterpillar Inc., Joy Global Inc., Hitachi Construction Machinery Co. Ltd. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Feb 2017
Category:  Mining, Minerals and Metals
Report ID:   58363
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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