Mining Automation Market

Global Mining Automation Market by Applications (Mineral Mining, Metal Mining, and Coal Mining), Solutions (Services [Training Services, Implementation & Maintenance Services, and Consulting Services]), Equipment Automation [Remote Control Equipment, Autonomous Trucks, and Teleoperated Mining Equipment], and Software Automation) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-2934
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 190
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The global mining automation market size was valued at USD 4.25 billion in 2020 and is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rapid advancement in technology.

Mining Automation Market Key Takeaways

Mining automation is described as a technology that automates the mining process and reduces the need for human labor. The mining industry is in a phase of transition, and its culture is changing towards automation. The mining sector still requires a significant quantity of human capital, especially in developing & emerging economies, where labor costs are cheap and there is less incentive to improve efficiency. It has numerous advantages in terms of mine safety, increased productivity, and increased revenues across the business. The COVID-19 pandemic has negatively influenced the market as all key players in the mining industry closed access to their sites amid the government restrictions and lockdown. The market is expected to resume gradually by the end of year 2021.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing trend of deploying innovative technologies, such as analytics, sensors, and robotics are the key factors driving the market growth.
  • Rising awareness for need for worker safety is expected to boost the market growth in the coming years.
  • Reducing the operating cost for the industry is anticipated to boost the market expansion during the projected timeline.
  • Lack of qualified and high skilled labor presents a major challenge. This is likely to hinder the market growth during the forecast period.
  • Mergers and collaboration by major players for advancement in technology to create a significant growth opportunity for the market in the near future.

Scope of the Report

The report on the global mining automation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Mining Automation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Mineral Mining, Metal Mining, and Coal Mining) and Solutions (Services [Training Services, Implementation & Maintenance Services, and Consulting Services]), Equipment Automation [Remote Control Equipment, Autonomous Trucks, and Teleoperated Mining Equipment], and Software Automation)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Komatsu Ltd.; Rockwell Automation, Inc.; Rio Tinto Group; and Caterpillar, Inc.

Market Segment Insights

Metal mining segment is expected to grow at a rapid pace

Based on applications, the global mining automation market is segregated into mineral mining, metal mining, and coal mining. The metal mining segment is expected to grow at a rapid pace during the forecast period owing to rise in adoption for autonomous solutions in metal exploration activities. Moreover, end-user industries are expected to drive the segment growth by increasing demand for metals, such as lead, copper, zinc, and nickel. However, the coal mining segment is anticipated to hold a key share of the market in the coming years due to the growing need to enhance quarrying conditions at coal sites, which has spurred the deployment of self-contained solutions.

Mining Automation Market By Applications

Technologically advanced vehicles to drive equipment automation segment

On the basis of solutions, the market is segmented into services, equipment automation, and software automation. The services segment is sub-divided into training services, implementation & maintenance services, and consulting services, while the equipment automation is further divided into remote control equipment, autonomous trucks, and teleoperated mining equipment. The equipment automation segment is projected to expand at a considerable CAGR during the forecast period attributed to technological advancement in vehicles, such as remote-control equipment, autonomous trucks, and teleoperated mining equipment.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global mining automation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to increased adoption of automation technology in the region. However, the market of North America is anticipated to expand at a rapid pace during the forecast period attributed to vital mined resources, such as zinc, lead, and nickel along with long-term investments and favorable government policies in the region.

Segments

The global mining automation market has been segmented on the basis of

Applications

  • Mineral Mining
  • Metal Mining
  • Coal Mining

Solutions

  • Services
    • Training Services
    • Implementation & Maintenance Services
    • Consulting Services
  • Equipment Automation
    • Remote Control Equipment
    • Autonomous Trucks
    • Teleoperated Mining Equipment
  • Software Automation

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Komatsu Ltd.
  • Rockwell Automation, Inc.
  • Rio Tinto Group
  • Caterpillar, Inc.

Competitive Landscape

Key players competing in the global mining automation market are Komatsu Ltd.; Rockwell Automation, Inc.; Rio Tinto Group; and Caterpillar, Inc. Some of these players are actively engaged in various market development strategies, such as capacity expansion, new product launches, acquisition, partnership, collaboration, and mergers to increase their market share.

Mining Automation Market By Key Players

 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mining Automation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Mining Automation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Mining Automation Market - Supply Chain
  4.5. Global Mining Automation Market Forecast
     4.5.1. Mining Automation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Mining Automation Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Mining Automation Market Absolute $ Opportunity
5. Global Mining Automation Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Mining Automation Market Size and Volume Forecast by Applications
     5.3.1. Mineral Mining Metal Mining Coal Mining
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Mining Automation Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Mining Automation Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Mining Automation Demand Share Forecast, 2019-2026
7. North America Mining Automation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Mining Automation Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Mining Automation Market Size and Volume Forecast by Applications
     7.4.1. Mineral Mining Metal Mining Coal Mining
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Mining Automation Demand Share Forecast, 2019-2026
8. Latin America Mining Automation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Mining Automation Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Mining Automation Market Size and Volume Forecast by Applications
     8.4.1. Mineral Mining Metal Mining Coal Mining
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Mining Automation Demand Share Forecast, 2019-2026
9. Europe Mining Automation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Mining Automation Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Mining Automation Market Size and Volume Forecast by Applications
     9.4.1. Mineral Mining Metal Mining Coal Mining
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Mining Automation Demand Share Forecast, 2019-2026
10. Asia Pacific Mining Automation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Mining Automation Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Mining Automation Market Size and Volume Forecast by Applications
     10.4.1. Mineral Mining Metal Mining Coal Mining
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Mining Automation Demand Share Forecast, 2019-2026
11. Middle East & Africa Mining Automation Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Mining Automation Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Mining Automation Market Size and Volume Forecast by Applications
     11.4.1. Mineral Mining Metal Mining Coal Mining
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Mining Automation Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Mining Automation Market: Market Share Analysis
  12.2. Mining Automation Distributors and Customers
  12.3. Mining Automation Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Komatsu Ltd. Rockwell Automation, Inc. Rio Tinto Group Caterpillar, Inc.

The global mining automation market has been segmented on the basis of

Applications

  • Mineral Mining
  • Metal Mining
  • Coal Mining

Solutions

  • Services
    • Training Services
    • Implementation & Maintenance Services
    • Consulting Services
  • Equipment Automation
    • Remote Control Equipment
    • Autonomous Trucks
    • Teleoperated Mining Equipment
  • Software Automation

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Komatsu Ltd.
  • Rockwell Automation, Inc.
  • Rio Tinto Group
  • Caterpillar, Inc.

Key players competing in the global mining automation market are Komatsu Ltd.; Rockwell Automation, Inc.; Rio Tinto Group; and Caterpillar, Inc. Some of these players are actively engaged in various market development strategies, such as capacity expansion, new product launches, acquisition, partnership, collaboration, and mergers to increase their market share.

Mining Automation Market By Key Players

 

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